EURUSD

Quoting cloggie

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To be honest, that's what the big boys do. Look at JP and GS, they publish their losing days, and they are rare too, and that is for the whole shop. You need to compare it with that, not with the average retailer here.

It is all about cutting your losses short and getting a multiple out of the winners. On a really crap day, I may end up with more losers then winners, but still end up in the green in the end. I haven't had one of those in a while as we are ranging and scalping is pretty simple on days like we've had these past few weeks.

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Quoting pips-scout

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Hi Cloggie
How short do you cut your losses?
How many pips before you pull the plug? must be pretty tight if you are scalping.
i have seen the pic of your account and its like the tesco advert <every little help>.
you had lots of 1-5 pips trades and fewer in double digit.
Thanks again for your input in this thread.

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Quoting cloggie

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There are quite a few 1-2 pip trades, purely because I know it is going to go red on me, so I'd rather just take the 2. Never let a trade go red on you, you gotta get paid for your effort, no matter how little.

IF your trade goes back in the red, where are you going to stop it then if not at BE? What is the point, get out and get a better entry. F-it, I was wrong, I'll take my 1 pip and try again, no big deal.

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Quoting pips-scout

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I think its beneficial to the mind as well.

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Quoting publicjud

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What now?

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Quoting cloggie

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There are quite a few 1-2 pip trades, purely because I know it is going to go red on me, so I'd rather just take the 2. Never let a trade go red on you, you gotta get paid for your effort, no matter how little.

IF your trade goes back in the red, where are you going to stop it then if not at BE? What is the point of letting it go further against you, get out and get a better entry. F-it, I was wrong, I'll take my 1 pip and try again, no big deal.

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Quoting cloggie

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There are quite a few 1-2 pip trades, purely because I know it is going to go red on me, so I'd rather just take the 2. Never let a trade go red on you, you gotta get paid for your effort, no matter how little.

IF your trade goes back in the red, where are you going to stop it then if not at BE? What is the point of letting it go further against you, get out and get a better entry. F-it, I was wrong, I'll take my 1 pip and try again, no big deal.

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Quoting Bradifx

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but say by mistake it goes red on you immediately... would you cut it at even 3-4 pips or that is just noise?

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Quoting cloggie

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There are quite a few 1-2 pip trades, purely because I know it is going to go red on me, so I'd rather just take the 2. Never let a trade go red on you, you gotta get paid for your effort, no matter how little.

IF your trade goes back in the red, where are you going to stop it then if not at BE? What is the point of letting it go further against you, get out and get a better entry. F-it, I was wrong, I'll take my 1 pip and try again, no big deal.

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Quoting cloggie

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Is this going to be the 3rd day with the same roll, we are close.....

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Quoting cloggie

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Roll

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Quoting beyon

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WTF? What has just happened???

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Quoting beyon

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WTF? What has just happened???

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