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Pips for the day - Scalpers only

  • #41
  • Mar 19, 2016 3:55am Mar 19, 2016 3:55am
Hi mrdetermined

you just get a 7-10 pip per day?!

one or two trade per day or more ?
tnx
  • #42
  • Mar 23, 2016 3:02pm Mar 23, 2016 3:02pm
Quoting matin0871
Hi mrdetermined you just get a 7-10 pip per day?! one or two trade per day or more ? tnx

Hello, yes that is the ideal goal for me. making 7-10 pips is 1 trade.... so at times when there are 2-3 trading opportunities those 7-10 pips can add up...

or sometimes I will get 2 loser and 1 winner. Or all winners or 2 winners and 1 loser....
  • #43
  • Mar 24, 2016 1:16pm Mar 24, 2016 1:16pm
Mind if i join in here - fellow scalper wondering where all the other scalpers are - perhaps we can share some of our ideas, would be great -generally i aim for a 10 - 20 pip scalp 2 times a day on pound dollar and euro - aim for 50 pips and out - sometimes i get lucky though as we all do .. lets hope this place here will grow as i think its well needed around here even if its slow at first
  • #44
  • Mar 24, 2016 1:58pm Mar 24, 2016 1:58pm
Quoting mrdetermined
{quote} Hello, yes that is the ideal goal for me. making 7-10 pips is 1 trade.... so at times when there are 2-3 trading opportunities those 7-10 pips can add up... or sometimes I will get 2 loser and 1 winner. Or all winners or 2 winners and 1 loser....
tnx .
  • #45
  • Edited 10:04pm Mar 24, 2016 9:52pm | Edited 10:04pm
Quoting dean1star
Mind if i join in here - fellow scalper wondering where all the other scalpers are - perhaps we can share some of our ideas, would be great -generally i aim for a 10 - 20 pip scalp 2 times a day on pound dollar and euro - aim for 50 pips and out - sometimes i get lucky though as we all do .. lets hope this place here will grow as i think its well needed around here even if its slow at first

Yes that would be awesome Dean!
Lets do this!
  • #46
  • Mar 24, 2016 10:03pm Mar 24, 2016 10:03pm
Ok, I wanted to go over this, since I took a loss on eur/usd ... I took a trade on the first initial fib wall near the support and resistance level... to noticed that my rule when looking at previous support and resistance levels, If I see that they continue to be tested especially in a short time frame like the 5 min.... I know that it is an indication that it will continue in the direction it was going....

Its kinda like a door that you keep on knocking on, eventually it will open.... and this was the case so therefore even though I did take the trade, when I took it I realized that price was not giving me the jump I wanted. So I ended up closing the position... for a -3 pips

after I wanted to get fill down at that fib wall where the green shaded area is much darker and it was about 2 pips away from my entry level. This is very important for me as a scalper, i will do my very best to be patient with my entry...

Now right after that happened I noticed the GBP/USD mimic the EUR/USD , I did not take that trade because I was focused on EUR the whole time. I personally only trade 3 pairs and yes it is a lot of work especially when you are scalping. because you are so laser focused on a set up , and this was the case... because i was focused on a setup I missed the gbp/usd trade.... its ok though, the markets are not going anywhere, I just have to be more vigilant.
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  • #47
  • Mar 25, 2016 1:18am Mar 25, 2016 1:18am
Quoting mrdetermined
Ok, I wanted to go over this, since I took a loss on eur/usd ... I took a trade on the first initial fib wall near the support and resistance level... to noticed that my rule when looking at previous support and resistance levels, If I see that they continue to be tested especially in a short time frame like the 5 min.... I know that it is an indication that it will continue in the direction it was going.... Its kinda like a door that you keep on knocking on, eventually it will open.... and this was the case so therefore even though I did take the...
Will set up some charts later on in the day - there was a 10 pip scalp on pound dollar this morning - had the 20 pip scalp down from NYC last night .. 12 pip spread in UK as its good friday so no trading on pound dollar - euro waiting for it to go lower then place a buy ..
  • #48
  • Mar 25, 2016 1:20am Mar 25, 2016 1:20am
Quoting mrdetermined
Ok, I wanted to go over this, since I took a loss on eur/usd ... I took a trade on the first initial fib wall near the support and resistance level... to noticed that my rule when looking at previous support and resistance levels, If I see that they continue to be tested especially in a short time frame like the 5 min.... I know that it is an indication that it will continue in the direction it was going.... Its kinda like a door that you keep on knocking on, eventually it will open.... and this was the case so therefore even though I did take the...
interesting i had the down on the euro last night for 15 pips .. still waiting for a buy i hope later for 10 pips plus a few more - euro needs to go lower for that to happen
  • #49
  • Mar 25, 2016 5:24am Mar 25, 2016 5:24am
This is what I am currently looking for right now (8:25am EST) for scalping... depending on when price will get there I will be sure to pull the trigger...
Got to keep in mind for those of you trading today 3-25-2016.

Keep in MIND :
Banks are closed
Very stale market
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  • #50
  • Mar 27, 2016 4:06am Mar 27, 2016 4:06am
Preference on pound dollar is wait for a bounce as it opens lower -
Euro seems in the middle so waiting to see if it goes higher then take a sell
or lower and take a bounce both around uk open time ..
  • #51
  • Mar 27, 2016 4:07am Mar 27, 2016 4:07am
Quoting mrdetermined
This is what I am currently looking for right now (8:25am EST) for scalping... depending on when price will get there I will be sure to pull the trigger... Got to keep in mind for those of you trading today 3-25-2016. Keep in MIND : Banks are closed Very stale market {image}
can see how you take on those positions - nice charts ..
  • #52
  • Mar 27, 2016 4:24am Mar 27, 2016 4:24am
Im joining the thread :-) 7 - 10pips daily is good enough for me :-)
1 simple mistake makes you become 1000x better.
  • #53
  • Mar 27, 2016 5:11am Mar 27, 2016 5:11am
Quoting oswell
Im joining the thread :-) 7 - 10pips daily is good enough for me :-)
Hey Oswell pretty cool - see i told you - thats a lucky Bull u got on your profile

i get u 10 pips a day if u like for sure
  • #54
  • Mar 27, 2016 6:20am Mar 27, 2016 6:20am
Quoting dean1star
{quote} Hey Oswell pretty cool - see i told you - thats a lucky Bull u got on your profile i get u 10 pips a day if u like for sure
It does lucky Dean , had a new day job can't sit infront of my PC all day long again waiting for a good entry, but I think 10pips is great solution , Thanks to you , you lead me to this Threads , 7 - 10 pips target depending on the market condition, hit target and I'm out discipline is a must
1 simple mistake makes you become 1000x better.
  • #55
  • Mar 27, 2016 9:08pm Mar 27, 2016 9:08pm
Quoting dean1star
Preference on pound dollar is wait for a bounce as it opens lower - Euro seems in the middle so waiting to see if it goes higher then take a sell or lower and take a bounce both around uk open time ..

Yeah unfortunately because of banks were closed there wasn't much volatility in the market. But hey this week is a new week!
  • #56
  • Mar 27, 2016 9:09pm Mar 27, 2016 9:09pm
Quoting oswell
Im joining the thread :-) 7 - 10pips daily is good enough for me :-)

Welcome Oswell... I agree with Dean , that is a lucky bull hehe
  • #57
  • Mar 27, 2016 11:13pm Mar 27, 2016 11:13pm
Looking to short soon lets see if it pans on pound dollar ..
Euro is still in range no definate signal yet..
  • #58
  • Mar 28, 2016 5:11am Mar 28, 2016 5:11am
141 653 short following my rules

tricky today as its a onesided volume so thats against this trade but gone for it with a tight stop loss
  • #59
  • Mar 28, 2016 5:18am Mar 28, 2016 5:18am
mostly still on holiday
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1 simple mistake makes you become 1000x better.
  • #60
  • Mar 28, 2016 5:21am Mar 28, 2016 5:21am
Im watching UJ , Will see if it bounce the 200ma
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1 simple mistake makes you become 1000x better.
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