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Do scalpers make money in the long run?

  • #241
  • May 20, 2014 3:55am May 20, 2014 3:55am
Quoting AllanS
{quote} I was interested in what he said. Perhaps he's an exceptional trader who's feeling generous? Where's the harm in testing his claims by giving it a go? Since April 28, trading on and off (I've other things to do), I've turned 50k (demo) into 463k, using 50:1 leverage, trading large lots at full throttle, mostly using longer term support and resistance. It looks hopeful so far. It may well be luck. We'll know soon enough.
Maybe you're right AllanS. But odds are very very very highly against it, and I'm a trader... so that's all I have to say about that.
like totally failure brah
  • #242
  • May 20, 2014 3:57am May 20, 2014 3:57am
Quoting realjumper
{quote} Different (multiple) username...same bullshit. Reported CindyXXXX / Wolf_Wicked / simonb
Yep.. And now I have to make another, cause your bully ass found me again. God your like a little telly taddle =P lol "telly taddle" that was from your era wasn't it?

Go fk a sheep bitch =P

ps- You forgot Hilar - "da Killah"
like totally failure brah
  • #243
  • May 20, 2014 4:27am May 20, 2014 4:27am
Quoting simonb
Maybe you're right AllanS. But odds are very very very highly against it
I agree.

I saw a blind bloke the other night who could play the piano like you'd not believe. Some people have extraordinary abilities, and pattern recognition may well be one of them. On a good day, I just "know" where the price is going. On other days, the fog descends and I haven't a bloody clue. Maybe some people have good days most days.
  • #244
  • May 20, 2014 5:01am May 20, 2014 5:01am
Quoting AllanS
{quote} I agree. I saw a blind bloke the other night who could play the piano like you'd not believe. Some people have extraordinary abilities, and pattern recognition may well be one of them. On a good day, I just "know" where the price is going. On other days, the fog descends and I haven't a bloody clue. Maybe some people have good days most days.
Look man Ray Charles was good, David Beckham can really bend that thing, but I've seen this with my own eyes.

All Phill has done, a 15 yr old with a keyboard and lay mans interest in economics could do. There's no proof, I've not seen his letters as material reality. And so until that day, to me it is BS by default.


All I'm saying
like totally failure brah
  • #245
  • May 20, 2014 7:12am May 20, 2014 7:12am
Quoting simonb
until that day, to me it is BS by default. All I'm saying
Maybe Phil's not all that interested in convincing anyone of anything. Why should he be?

I'm happy to play around with his ideas for a week or two and see if they work for me. If they do, I'll be grateful. If not, what have I lost?

I'm skeptical by nature and by training. I know that most remarkable claims are purest bullshit. I also know that if I reject all remarkable claims reflexively, I'll miss the one in a thousand that happens to be true.

As Confucius said, Suck it and see.
  • #246
  • May 20, 2014 7:19am May 20, 2014 7:19am
Quoting AllanS
{quote} Maybe Phil's not all that interested in convincing anyone of anything. Why should he be? I'm happy to play around with his ideas for a week or two and see if they work for me. If they do, I'll be grateful. If not, what have I lost? I'm skeptical by nature and by training. I know that most remarkable claims are purest bullshit. I also know that if I reject all remarkable claims reflexively, I'll miss the one in a thousand that happens to be true. As Confucius said, Suck it and see.
I sucked it about a year ago man.. and I saw. lmao, but go right ahead
like totally failure brah
  • #247
  • May 20, 2014 7:34am May 20, 2014 7:34am
Quoting simonb
{quote} I sucked it about a year ago man.. and I saw. lmao, but go right ahead


Meanwhile, Aud/Usd has found the bottom, I reckon, @9251 Time to buy some.

Cheers.
  • #248
  • May 20, 2014 3:47pm May 20, 2014 3:47pm
If you're a good trader you could make money scalping, but if you suck you probably won't make money scalping swinging or anyway you do it. It's not the style or timeframe it's the trader.
Being a trader is lonely, but being a great trader is lonelier still
  • #249
  • May 20, 2014 7:46pm May 20, 2014 7:46pm
Quoting saneblane
If you're a good trader you could make money scalping, but if you suck you probably won't make money scalping swinging or anyway you do it. It's not the style or timeframe it's the trader.
AND that's about it.....SPOT ON..
  • #250
  • May 20, 2014 7:51pm May 20, 2014 7:51pm
Quoting AllanS
{quote} Maybe Phil's not all that interested in convincing anyone of anything. Why should he be? I'm happy to play around with his ideas for a week or two and see if they work for me. If they do, I'll be grateful. If not, what have I lost? I'm skeptical by nature and by training. I know that most remarkable claims are purest bullshit. I also know that if I reject all remarkable claims reflexively, I'll miss the one in a thousand that happens to be true. As Confucius said, Suck it and see.
Another SPOT ON.. I dunno if Phil makes 75 mil per year?? or says it tounge in cheek.. but what he says sounds SANE to me..most of those or should I say ALL of those who spray him.. just froth at the mouth and do only that.. nothing real constructive in what they say..
  • #251
  • May 20, 2014 7:59pm May 20, 2014 7:59pm
Quoting danc
Another SPOT ON..
Unfortunately, not so SPOT ON buying AusUsd at 9250. Lost a few there.

Bugger.
  • #252
  • May 21, 2014 2:51am May 21, 2014 2:51am
Quoting AllanS
{quote} Unfortunately, not so SPOT ON buying AusUsd at 9250. Lost a few there. Bugger.
Yeah I been scalping only.. the AD.. up 12.5 for day..MMM ah well good day yerday..
  • #253
  • Edited 3:12am May 21, 2014 3:02am | Edited 3:12am
here is picture of GBPAD.. 4 hr using this and the EUUD as my lead indicators to scalp the AD/UD.. wont be looking to scalp the OZZ until this picture breaks below olive and purple ddas line.. thinking it will go to the pink line giving me more OZZ shorts.. that's what I do not saying I am rite.. another thing to watch is the 20 ema on all time frames.. very dull and boring but you can usualy get a few.. mostly the GBAD leads.. mostly is the key word..rite now I am watching the 15 min and looking for it to go to were the 1 hr 20 ema lays.. for possible short..rite now it is hard against the 30 min 20 ema..same time I am watching the 4 hr GBPad for possible firming whish will signal possible direction change. ozzzzz
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 56 KB
  • #254
  • May 21, 2014 3:17am May 21, 2014 3:17am
short now at rectangle stop is above 20 hr ema doesn't mean I let to go that far
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 67 KB
  • #255
  • May 21, 2014 3:22am May 21, 2014 3:22am
out now 5.3 clear.. + for day 17.8.. so far
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 71 KB
  • #256
  • May 21, 2014 3:26am May 21, 2014 3:26am
GBPAD.. 1 hr looking for resistance at pink line.. gotta cook some dinner now come back after and see if I can get ti up to 25.. that will do me..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh1.png Size: 45 KB
  • #257
  • May 21, 2014 3:32am May 21, 2014 3:32am
Quoting danc
GBPAD.. 1 hr looking for resistance at pink line.. gotta cook some dinner now come back after and see if I can get ti up to 25.. that will do me.. {image}
woo strait throu pink line I short again
  • #258
  • May 21, 2014 3:42am May 21, 2014 3:42am
Quoting danc
{quote} woo strait throu pink line I short again
just closed for 3 clear .. finish for a while now..21.8 + for day now.. another 4 would be good..
  • #259
  • May 21, 2014 3:45am May 21, 2014 3:45am
Anyone who trades binary options? Need help if eurjpy will hit 138.380 in another 45 minutes???
  • #260
  • May 21, 2014 4:16am May 21, 2014 4:16am
OZZ 1 hr if it goes throu 20 ema I will start looking for long scalps.. when it hits the 20 .. I will be watching GB/EU/AD closly
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 75 KB
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