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  • #683,181
  • Aug 22, 2012 6:08pm Aug 22, 2012 6:08pm
Quoting attila
There is no truth, but to his point in this kind of market scalping is the only way to keep your head above the water..IMO
Maybe http://www.forexfactory.com/showthre...05#post5935705
The Thief of Wall Street
  • #683,182
  • Aug 22, 2012 6:09pm Aug 22, 2012 6:09pm
Quoting kiadanai
I've been around this forum for years and i've seen posts like this a lot of times.

New people with few posts who speak like they know what they're talking about.

They always give me the impression they're really trying to convince themselves.

I wish they would stop, it's harder to find real pieces of advice in this forum when everyone is trying to teach you the truth, and most of them dont really know more than you do.

everyone c the market in his own way, traders are already convinced with what they think its going on.
Knowledge will give you POWER, but character RESPECT
  • #683,183
  • Aug 22, 2012 6:13pm Aug 22, 2012 6:13pm
Quoting Chicky
Maybe http://www.forexfactory.com/showthre...05#post5935705
The advantage of scalping is it's the closest you can get to something mechanical.. No fundies, no techs, just a few entry signals and a reasonable size (10-15pips) target.. That's pretty much it.. If you're wrong, you know it right away.. If you're right you book profit.. A lot here see their trades go green and then back to zero or red... If you don't take profit, there will be no profit..
  • #683,184
  • Aug 22, 2012 6:17pm Aug 22, 2012 6:17pm
Quoting USDBuddha
1.2538 is in the Euro's near future


Next stop,...1.2669
Benjamin Franklin makes the world go round...:nerd:
  • #683,185
  • Aug 22, 2012 6:19pm Aug 22, 2012 6:19pm
Quoting attila
The advantage of scalping is it's the closest you can get to something mechanical.. No fundies, no techs, just a few entry signals and a reasonable size (10-15pips) target.. That's pretty much it.. If you're wrong, you know it right away.. If you're right you book profit.. A lot here see their trades go green and then back to zero or red... If you don't take profit, there will be no profit..
And the big disadvantage of scalping is you miss the big trends where the real money is made.
  • #683,186
  • Aug 22, 2012 6:20pm Aug 22, 2012 6:20pm
Quoting attila
The advantage of scalping is it's the closest you can get to something mechanical.. No fundies, no techs, just a few entry signals and a reasonable size (10-15pips) target.. That's pretty much it.. If you're wrong, you know it right away.. If you're right you book profit.. A lot here see their trades go green and then back to zero or red... If you don't take profit, there will be no profit..
Scalping is also a good approach, but one is never right or wrong on a scalp. Its a game of chances and money management. However, one can be right or wrong on speculation. Yet again, longer-term trading is as difficult as scalping. Athough, I am a scalper myself, but one good thing I like about longer term trading is that one can be right most of the time.
The Thief of Wall Street
  • #683,187
  • Aug 22, 2012 6:22pm Aug 22, 2012 6:22pm
Quoting pjpipster
And the big disadvantage of scalping is you miss the big trends where the real money is made.


You also miss life - staring at a screen.
  • #683,188
  • Aug 22, 2012 6:23pm Aug 22, 2012 6:23pm
Quoting kiadanai
I've been around this forum for years and i've seen posts like this a lot of times.

New people with few posts who speak like they know what they're talking about.

They always give me the impression they're really trying to convince themselves.

I wish they would stop, it's harder to find real pieces of advice in this forum when everyone is trying to teach you the truth, and most of them dont really know more than you do.

You might be right but if some one just joined FOREXFACTORY doesn't mean that they are not Professional.
i am new here in ForexFactory but i am trading more then 5 years, i have read it is not allowed but i am trading live from 2007.
i didn't joined because i don't have to was just visiting from time to time.
as i can see from your post that you are here from 2009 but posted 65 posts only. we l iknow few things for FACT that not everyone here is trading maybe only 10% is trading live and few are trading demo accounts and trying to learn. so my point is what ever it is dont under estimate any one. believe me you never know who is Really Experienced Trader.
.
i have lost money when i started to trade then i stoped and learned in demo treated that money as real you just have to believe its real money and what you are doing is real some times Emotions gets on your way when trading live. it was hard and i know that for fact is that most traders win in Demo and Loose in Real Accounts the question is Why????..
answer is simple when it comes to Real money Emotions is that only Few people can Control.
Emotions, Greed, Hope keeping loosing positions open on Hopes,
i do keep open positions when they are red but i always have plan and when it reaches my level what ever it is i close the trade i closed the trades for -500 pips also and held the position for 1600+ pips single trade.
its live not demo.
and you are right about 2%
yes some times it is but if you are making 10% of your account every month you are doing very good. because it is 120% per year even the best Hedge Funds cant get you that. they can Produce aroung 40-60% of your capital Per year.
i worked for a Hedge Fund as Consultant also.
anyways just please don't say things you don't know about some one we all are here to share our analysis not to fight or insulting or anything else. its simple, you have your point of view on a pair and i have mine and time will tell who was right and who was wrong,
well to be honest its not about right or wrong,
what i have learned that when you loose make sure you loose small and when you win make sure you win bigger then you loose.
  • #683,189
  • Aug 22, 2012 6:23pm Aug 22, 2012 6:23pm
2584x... next target
Attached Image (click to enlarge)
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  • #683,190
  • Aug 22, 2012 6:27pm Aug 22, 2012 6:27pm
Quoting pjpipster
And the big disadvantage of scalping is you miss the big trends where the real money is made.

Well if u scalp the entire trend,...compound interest getting involved,...i think that yields more... but you would have to be on point which is 90% of the battle in FX
Benjamin Franklin makes the world go round...:nerd:
  • #683,191
  • Aug 22, 2012 6:29pm Aug 22, 2012 6:29pm
Quoting USDBuddha
Well if u scalp the entire trend,...
And if only you bought a winning powerball ticket then you wouldn't have to worry about either type of trading.

If only ...

Until then the real world calls.
  • #683,192
  • Aug 22, 2012 6:30pm Aug 22, 2012 6:30pm
Quoting kiadanai
I've been around this forum for years and i've seen posts like this a lot of times.

New people with few posts who speak like they know what they're talking about.

They always give me the impression they're really trying to convince themselves.

I wish they would stop, it's harder to find real pieces of advice in this forum when everyone is trying to teach you the truth, and most of them dont really know more than you do.
I have a problem understanding how is it based on the number of post which I have. How one can deduct I have a lack of knownledge. In fact it appears those who have been here for awhile are just as lost as the noobs.
He who guess is LOST!
  • #683,193
  • Aug 22, 2012 6:33pm Aug 22, 2012 6:33pm
Quoting SunTrader
And if only you bought a winning powerball ticket then you wouldn't have to worry about either type of trading.

If only ...

Until then the real world calls.
Pretty sure the odds of scalping a major trend profitably compared to a powerball ticket are reasonable greater,...
Benjamin Franklin makes the world go round...:nerd:
  • #683,194
  • Aug 22, 2012 6:35pm Aug 22, 2012 6:35pm
Quoting attila
The advantage of scalping is it's the closest you can get to something mechanical.. No fundies, no techs, just a few entry signals and a reasonable size (10-15pips) target.. That's pretty much it.. If you're wrong, you know it right away.. If you're right you book profit.. A lot here see their trades go green and then back to zero or red... If you don't take profit, there will be no profit..
Also scalper, the returns are just to great.

It's not all bad :-

Scalpers can trade full time and make more than a living.
When we are trading we are trading, afterwards we are gone doing whatever, no worrying about our position, drawing lines on charts, reads news bla bla bla, we get in, we get out, then we have a life.

Short term you can easily get 3-4x's your average loss while still batting at a 80% win rate.

Unless you already have a large sum of money, then scalping is the only way to turn a small sum into a large sum in a life time put it that way.

Lets face it, most of us are trading cause we are poor and it's a legal way out.

Time is ticking to bank job time though
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #683,195
  • Aug 22, 2012 6:38pm Aug 22, 2012 6:38pm
Quoting SunTrader


You also miss life - staring at a screen.
LOL. You can not be serious. Trend trading has far less screen time than scalping.

I scalp as much as i trade trends, some of my scalps have turned into trends. But the FACT is you have to be in front of a screen to scalp, once a trend is under way you can set and forget basicly. Recently took almost 2000 pips from the GBPNZD trade. I sure my screen time was not near as much as would hace been scalping.

GBPNZD chart. This chart, as all my trades are live.Have not updated this pic as it was my first expectation of the trade and as you can see on your own chart all support zones were smashed. Still hold 1.5 lot from a 22 lot position, and have scalped more out of this trade.

Whoopps, Sorry, i thought bthis was the chart with my entries on . Will need to find that chart.
Attached Image (click to enlarge)
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  • #683,196
  • Aug 22, 2012 6:38pm Aug 22, 2012 6:38pm
Short at 1.2535, we are at the top or a channel, hitting the 76 fib off the bigger move from July, and at a big sell off area starting around July 5th. SL 1.2555, tp 1.2485 or so.
  • #683,197
  • Aug 22, 2012 6:46pm Aug 22, 2012 6:46pm
Quoting pjpipster
And the big disadvantage of scalping is you miss the big trends where the real money is made.
So you think I enter a trade a day? Who said I can't enter 3 trades on each retrace while you're holding your 40 pips trade? Just asking... On a good day I close somewhere around 20 trades/day..
  • #683,198
  • Aug 22, 2012 6:48pm Aug 22, 2012 6:48pm
At the end of the day there is no right or wrong, its what works for you is all that matters.
  • #683,199
  • Aug 22, 2012 6:50pm Aug 22, 2012 6:50pm
Few actually bother to use compounding correctly.. One doesn't need huge amounts of pips to make it..
Quoting Turveyd
Also scalper, the returns are just to great.

It's not all bad :-

Scalpers can trade full time and make more than a living.
When we are trading we are trading, afterwards we are gone doing whatever, no worrying about our position, drawing lines on charts, reads news bla bla bla, we get in, we get out, then we have a life.

Short term you can easily get 3-4x's your average loss while still batting at a 80% win rate.

Unless you already have a large sum of money, then scalping is the only way to turn a small sum into a large sum in a life time...
  • #683,200
  • Aug 22, 2012 6:51pm Aug 22, 2012 6:51pm
it looks tome like scalping is the bread and butter, while trend trading can be the bonus/play money.. kind of best to do both....

but i have to agree that while i am learning trend trading, scalping is the only thing keeping me afloat some days...


hmm compounding sounds good too, where can I learn more about that?
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Yaruki