The dreams of riches grow stale and kill a traders account(that mentality obscures the reasoning necessary to become profitable). I'm here for the same reason someone joins a bowling league or a book club; I enjoy playing the game and I enjoy the ...

Simple Scalping

Not entirely true. There is one system that I've come across that could be coded into an EA and is long-term profitable. Took me a little while to figure out what it's edge was(so that I could utilize it to improve my own system) and the strategy is ...

Simple Scalping

Sure. Have patience and wait.

Simple Scalping

I use the Keltner to find the meat in the middle and wait for the market to bite at it. It's just a visual aid. More trades; less profit. Waiting for re-entry reduces the risk of buying into a runaway down-swing(or it's equally dastardly ...

Simple Scalping

Don't wanna be rude but... it does. It's actually entirely based on statistics(Hence why 25 minutes, 2 STANDARD DEVIATIONS, Closing price). How do I know? Because I began trading with an almost identical 'system' based off of nothing other than the ...

Simple Scalping

Well, I mean, since USD/JPY has rallied over 200 pips since friday morning... it's to be expected that EUR/USD is going to have a bit of downward pressure.

EURUSD

You learn far more about PA from spending time scalping than you do from any single strategy. Scalping forces you to constantly be aware of what the market is doing and how it's moving; there are subtle nuances to the PA that you can only get from ...

5 years and still no strategy

You're just placing more trades that you didn't place originally... you aren't changing anything about the trade. You're just placing more. 2 winning trades with 100% correlation would always be more profitable than 1 winning trade(assuming ...

Risk Management

Don't bet on it. "No news is good news". The market won't really say "oh, good, something cataclysmic didn't happen! Time to turn around!" It may dip, but, it isn't like things are going well now that a missile wasn't fired on Saturday.

EURUSD

The whole thing about risk is that by risking more, you also have to take less trades within a given timeframe. The risk is always the same; either you cumulatively make money off of a move or you lose money off of a move. The problem is that people ...

Risk Management

They may know how you spot a trade. But they don't know how you decide which ones not to take... or, especially, how you manage the money between trades.

5 years and still no strategy

Just practice scalping for hours and hours every day. Then blow up the account. Then practice scalping more and blow it up again. Rinse & Repeat. Every time you lose; look for new strategies for higher timeframes(They pretty much all teach the same ...

5 years and still no strategy

Price Action, of course!

EURUSD

It probably WOULD work. But I'm not about to try it. Someone else verify.

S

Being aggressive is everything to the market... it decides whether you blow up fast or make enough money while it's available. Being aggressive means no hesitation when a good opportunity presents itself. I think you're referring to 'impatience'.

100 Trades Analysis

I don't use stops unless i'm doing it to fiddle with my trades and scalp out profits/losses in the middle of them. I thought it'd drift up a little or spike up then plummet. I was waiting on the correction a little too soon. It ended up rallying a ...

EURUSD

Been a good week really, tight range and now there's a lot of churn from yesterdays news and today being friday. It's keeping a wider range but moving beautifully.

EURUSD

That sucked, rode the short full-tilt from 1.2030 to 1.2090. Lost over 15% of the account. Recovered it though before it reached 1.2060 through my masterful scalping. +2% for the day. Amen.

EURUSD

Just don't increase your trade size as the account grows... or do so very slowly. That inherently reduces your leverage/account ratio. It doesn't matter how much leverage is available if you aren't using it. I, personally, would have 1:1000 leverage ...

Can we really beat trading costs?

Can't scalp all the time with tiny movements; only useful at certain moments. You have to spend hours feeling the momentum of the market's movement before you can get into a flow-state with it and then you have to constantly pay attention to the ...

EURUSD