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Do scalpers make money in the long run?

  • #181
  • Apr 28, 2014 3:13pm Apr 28, 2014 3:13pm
Quoting TranceTrader
In the UK we have tax free savings vehicles called ISA's which can be used to trade stocks via. The current limit you can deposit per year is circa 12k soon to rise to 15k and any profits are tax free. By using ETF's list on primary exchanges like LSE & NYSE, you can get exposure to currencies, commodities and most other instruments available to trade. I use an ISA account myself for the majority of my trading, split across different instruments looking at an average returns across all asset classes. I also keep an account with LMAX and dukascopy...
Since I'm not trading a really large account I haven't taken a close look yet. But I'm not going to hold my breath, they find every possible way to screw us in the US.
  • #182
  • Edited 3:45pm Apr 28, 2014 3:22pm | Edited 3:45pm
Do scalpers make money in the long run?
Yes They do
You Must Love CandleSticks
  • #183
  • Edited Apr 29, 2014 8:38am Apr 28, 2014 11:46pm | Edited Apr 29, 2014 8:38am
Quoting dancingphil
DKRock, I can see you putting time and effort into defending your quite justified position against the rants and raves of trolls like Trance Trader and Wicked Wolf. You and I both know that scalping works; whether it be in the range of 5-10 pips or 5-50 pips. We've made our statements clear; leave it at that. Trolls get their victory when you acknowledge they exist. You are trying to convinced skiddies (kids with some computer skills but no fucking brains), and they are NOT interested in listening. They get tiny peakers in their pants when you try...



Hi Phil, why don't you open a thread teaching how to scalp properly or just giving some hints to put trader on right path ?
Since 2006, when i started my journey in forex, I was intrigued by scalping but never figured out a reliable automatic system that could survive the test of time (10+ years positive backtesting without huge drawdown, 2+ years positive live trading) , it will be enlightening to learn a new different approach from you.




Cheers,
Skyline
  • #184
  • Apr 29, 2014 2:01am Apr 29, 2014 2:01am
Quoting mindgame
{quote} Hi wolf.Y not.Please give me a link to your explorer.Will follow you
Sorry Sir, this mission has been aborted.,. I looked at my charts on Monday and just noise.. Couldn't find a short term trade.. So I will keep the account there for times when I do see something shorter term, but in terms of making multiple trades per day, I just can't see it happening with my system.

Informative prices and therefore informative price charts should surely include at least a session of price action? Other wise what is a few 15m bars? could be anything from multinationals cashing in, to stop hunting, to risk aversion leading up to news, to profit taking, to any reason whatsoever that someone with weight would want to pull the trigger...

To stay on top of that requires something I do not seem to possess unfortunately, but in closing, I am sure there are some very good and very profitable scalpers out there, but when you talk about the long run, I would think they are much more scarce than your longer term traders.. Quite simply, longer term trading is easier... Slower...

Just my opinions.. I have scalped successful in the past, but only for a certain amount of time. All my scalping systems failed "in the long run". This is just my experience. Good luck with thee

PS DancingPhil is a scammer tshh
Howlin' at the Moon on the Roof
  • #185
  • Apr 29, 2014 2:05am Apr 29, 2014 2:05am
Quoting dancingphil
They get tiny peakers in their pants when you try to answer them. }
I fully do, but you're fully full of sh*t
\
Still offering your $5000 trading classes cunt hed?

as Skyline said; why not prove your trading skills instead of just bragging in every post.. That would shut me right up..

But you can't, so you won't... \
Howlin' at the Moon on the Roof
  • #186
  • Apr 29, 2014 2:18am Apr 29, 2014 2:18am
Quoting dancingphil
DKRock, I can see you putting time and effort into defending your quite justified position against the rants and raves of trolls like Trance Trader and Wicked Wolf. You and I both know that scalping works; whether it be in the range of 5-10 pips or 5-50 pips. We've made our statements clear; leave it at that. Trolls get their victory when you acknowledge they exist. You are trying to convinced skiddies (kids with some computer skills but no fucking brains), and they are NOT interested in listening. They get tiny peakers in their pants when you try...
A demo account..

I thought you were better than this...

Do people realise you can open 100 of these and trade every price combination possible.. Buy yeah just another demo..

Dumb Cunt.
Howlin' at the Moon on the Roof
  • #187
  • Apr 29, 2014 2:26am Apr 29, 2014 2:26am
Quoting Wolf_Wicked
{quote} I fully do, but you're fully full of sh*t \ Still offering your $5000 trading classes cunt hed? as Skyline said; why not prove your trading skills instead of just bragging in every post.. That would shut me right up.. But you can't, so you won't... \

MMM u VERY heavy ..aggressive person..WHY???
  • #188
  • Apr 29, 2014 2:32am Apr 29, 2014 2:32am
Quoting danc
{quote} MMM u VERY heavy ..aggressive person..WHY???
I make up for all the people that are not.... You can't come on here and get away with that sh*t... anyone who believes in Phils fantasy land is too dumb to trade.. You all side with him on the off chance he is actually telling the truth, and can't see beyond your own delusions..

all 95% of you.. Well G/L to you.

Are you all aware that all he has contributed to the forum the whole time he's been here is dropping in every post about how he makes 750% every week. owns all this gold and started with $200 ... over and over and over... No proof

and you all just get hypnotized and believe it without fail.. Insane.. I guess that why I'm one of a very few traders around here that is actually profitable..

Nuff said.


If someone boiled you up a big bowel of sh*t and said "here eat this".... Well you guys clearly would..

L

Inserted Video
Howlin' at the Moon on the Roof
  • #189
  • Apr 29, 2014 3:44am Apr 29, 2014 3:44am
There used to be a trader around here wwwin I think his username was.. He saw straight through Jacko, the same way I see through Phil... Well he became ousted by droves of people who took him for some bitter trader jealous of Jacko and got "herded"... Everyone took their opportunity to oust Wwwin in hopes one day they could suck Jackos cock... See? It's a political thing,, anyway

Once Jacko finally got his 100's of thousands out of innocent forum members nothing ever changed for wwwins "social" status. for Wwwin represented fear for these fucking people.. As right as he was. And no one likes fear, as true as fear is. It's confronting, cunting, hard to admit

Wwwin doesn't come around no more for wwwin realized that the reasons he fought were of no value to a bunch of cunts who would never do the same for him. I'm quite sure the world has repaid this mans debt in mysterious ways , and on behalf of wwwin , all I can say is

fuck Ya 'll
Howlin' at the Moon on the Roof
  • #190
  • Apr 29, 2014 4:38am Apr 29, 2014 4:38am
People like dancingphil muster the same emotional response as salesmen who sell land on Mars. A pathetic cretin who can't come to terms with the reality of being a fake and instead chooses to live in a fictional world of grand tales preying on the credulity of amateurs.

The opinions of someone who proclaims "I reached the $50,000,000 mark this year" within his profile bio on a retail trading forum should never be read as anything other than comedy.
  • #191
  • Apr 29, 2014 5:15am Apr 29, 2014 5:15am
Quoting TranceTrader
People like dancingphil muster the same emotional response as salesmen who sell land on Mars. A pathetic cretin who can't come to terms with the reality of being a fake and instead chooses to live in a fictional world of grand tales preying on the credulity of amateurs. The opinions of someone who proclaims "I reached the $50,000,000 mark this year" within his profile bio on a retail trading forum should never be read as anything other than comedy.
Precisely

and if it it were true it would be so easy to prove . It would literally take 5 minutes, but a year later and the mystique continues.

The benefit of the doubt does not apply here.

But oh yea , DF. I'm sure you have nothing to prove here, so why keep dropping in every post your fairy tale? My guess is that you're the complete opposite of what you proclaim to be.. A poor soul who had been used and abused and then ran over the top of by the grand wheels of life

My guess is that you are expressing the same hardship that has been done onto you...

Well guess what? Only the strong survive and in your test you have failed...

http://m.youtube.com/watch?v=WbN0nX61rIs
Howlin' at the Moon on the Roof
  • #192
  • Apr 29, 2014 8:48pm Apr 29, 2014 8:48pm
Scalping means take profit quicly. It is a good way to earn some profits. I also did it. but now i wait for at least 10pips profits. I do not take 1 ,2 3 pips. But some time i have to take the low pips.
  • #193
  • Apr 30, 2014 12:18am Apr 30, 2014 12:18am
Just one Sentence,Everything Wich Work on Higher Time Frames Must Work on Lower Time Frames Even at Second chart !
So This Sentence ...

  1. Do scalpers make money in the long run?

Dont Have Right Meaning

You Must Love CandleSticks
  • #194
  • May 2, 2014 9:53am May 2, 2014 9:53am
Quoting TheGrind
Even though I don't use Oanda anymore, I've followed this for years and it never changes. The most profitable traders appear to be scalpers. http://fxtrade.oanda.com/analysis/to...ers-statistics
Interesting stats ! Thanks for the link..
  • #195
  • May 2, 2014 5:31pm May 2, 2014 5:31pm
Hi, Do you trade EUR/USD only to get 0.3 pips average spread?

Quoting dancingphil
{quote} Mate, you know I respect you a great deal. But I must point out that the link you posted has NOT very special spreads/commissions at all. PLUS you have in that link some market makers. I pay an average of 1.05 pips in spread and commission combined; namely an average spread of 0.3 pips plus a commission of 0.75 pips = a long term average of 1.05 pips. Of that 0.75 pips commission though, because I am a large lot trader, I get a rebate of about 14.3% credited back to another of my accounts instantly that I close the trade/s. So my NET transaction...
  • #196
  • May 2, 2014 6:49pm May 2, 2014 6:49pm
Quoting Wolf_Wicked
{quote} Precisely and if it it were true it would be so easy to prove . It would literally take 5 minutes, but a year later and the mystique continues. The benefit of the doubt does not apply here. But oh yea , DF. I'm sure you have nothing to prove here, so why keep dropping in every post your fairy tale? My guess is that you're the complete opposite of what you proclaim to be.. A poor soul who had been used and abused and then ran over the top of by the grand wheels of life My guess is that you are expressing the same hardship that has been done...
dancing phil is full of kaka. I was reading about his 500 lots in the last page! LOL.. hilarious. thing is , he will find some suckers ...that's the thing about these guys ...as long as greed is in the world there are predators like him - not an honest bone in them.
  • #197
  • May 2, 2014 7:19pm May 2, 2014 7:19pm
Quoting 4XWeezal
{quote} dancing phil is full of kaka. I was reading about his 500 lots in the last page! LOL.. hilarious. thing is , he will find some suckers ...that's the thing about these guys ...as long as greed is in the world there are predators like him - not an honest bone in them.
Love it.
  • #198
  • May 3, 2014 8:05am May 3, 2014 8:05am
Quoting 4XWeezal
{quote} dancing phil is full of kaka. I was reading about his 500 lots in the last page! LOL.. hilarious. thing is , he will find some suckers ...that's the thing about these guys ...as long as greed is in the world there are predators like him - not an honest bone in them.
Is he selling something? I didn't see him selling anything.

I made this point earlier, and I'll say it again. What Phil does or doesn't do is really of no concern to anyone. The question is it possible to make consistent, large returns scalping? The answer is yes. Stops are smaller when scalping, so position sizes can be maximized. Targets are also smaller so gains occur more frequently. Frequent gains and smaller stops allow for drastically faster compounding in the initial stages of an account.

I know three successful traders, two of whom are scalpers. One scalps 12-16 lots on 6E (15-20 spot lots) or CL for 4 ticks, one scalps 50-100 lots on EU spot for 3-6 pips, and one day trades everything (every trade starting on the 1 minute, but he's flexible enough to hold it for the day if the area it was taken from attracted enough interest). I'm not privy to their current account sizes, but I'd wager they are well beyond 18-20% per week traders. Obviously, that growth rate doesn't continue indefinitely as either market liquidity or emotional stability will limit position size growth.

Frankly, I wouldn't be doing this if 2% per month was all I could get, unless of course I had $10,000,000 in an account, in which case I might actually do nothing at all.
Small disciplines repeated with consistency lead to great achievements.
  • #199
  • May 3, 2014 9:34am May 3, 2014 9:34am
Quoting jmflukeiii
{quote} Is he selling something? I didn't see him selling anything. I made this point earlier, and I'll say it again. What Phil does or doesn't do is really of no concern to anyone. The question is it possible to make consistent, large returns scalping? The answer is yes. Stops are smaller when scalping, so position sizes can be maximized. Targets are also smaller so gains occur more frequently. Frequent gains and smaller stops allow for drastically faster compounding in the initial stages of an account. I know three successful traders, two of whom...
Any idea what stop levels those guys are using when aiming for 4 ticks or 3-6 pips ?
  • #200
  • May 3, 2014 10:54am May 3, 2014 10:54am
Quoting freundr
{quote} Any idea what stop levels those guys are using when aiming for 4 ticks or 3-6 pips ?
The guy aiming for 4 ticks has an initial stop of 12 ticks. However, that is primarily a catastrophe stop and will exit if things aren't looking right - his average actual loss is ~7.5 ticks. After earning some money each day, he will switch to taking a partial profit at 4 ticks and leaving runners for larger gains. His success rate to first target hovers at about 90%.

The guy taking 3-6 pips does not place stop orders, but exits at around 3-5 pip losses, sometimes less, again, if things aren't looking right.

Both have an excellent understanding of how to read what the market is telling them, but both use different price aggregation methods (not just minute charts). Both trade roughly 3 hours a day.
Small disciplines repeated with consistency lead to great achievements.
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