sure bud... but seeing the turn and to be definite about it in such range is nothing more than a guess or a 50/50 chance and it could make you keep taking yourself out of positions with little value not sufficient enough to get you to breakeven much ...

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let's imagine this.. You make 40 entries and faced with no open position running large... so no open position and -120pips in the whole at half percent equals to about -10% after lets say a month... now another 40 entries this time you got 1 ...

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The reason why I don't play hard tight stop such as 5pips and aggressive TS. This is today's eu chart... as you see earlier today eu broke out of it's days low and pulled back and resumed for a possible bear run... at point B is where the logical ...

Scalper

abo.. everything is been laid out so please due diligence and study the many charts... not need for English there bud. good luck.

Scalper

well i disagree.. When a particular trade goes to +5... at this time stop is moved to BE... the chances of this BE play to be take out immediately is rather high and even if it breaks away for lets say to 10 or 20 then one more hiccup is on the way ...

Consequence Pilot Level Trading

Ok guys here is what troubles me with such method and approach as fezmar has presented… it be a good one to talk about and grow from, so don’t take it all as negative or skepticism, that’s the last thing I am and perusing here… take me as a humble ...

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kash i don't use as tight of a hard stop like a 5pips, more like 10 or 15 as an emergency one... then I use slick exit out play where my average loss comes to about 5 pips.. which average from 10 pips loss to -1... that does not mean a particular ...

Consequence Pilot Level Trading

I understand.. it's better tradeoff though.. more realistic and doable.

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shiva, IMHO you can’t compare fast moving big currency market with stock holding, where buff man enters as a single largest stock holder with all kinds of control over the company/market... you got no such control in currency market. That is why ...

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I have been contemplating for the last two days to either make this post or not… but here it is anyway… so forgive me you all and fez for this humble suggestion, but it just might worth you a while. Fez… if your confident about your entry hit at +5 ...

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long on uj for +11 off the PB.. it took me all day to get to above +10.. so this considers as a good start..

Scalper

When you’re equity is floating red... that’s a dd. When your account balance has flown red… that's no longer a dd, it called help. With what fez has laid out here you will see only positive floating of equity, but, at disposal of decreasing ...

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small gain out of ej again good for +6.. it's a damn grind today barely cracking over 10, lol.. not much momo to get more our of these trades in a timely manner..

Scalper

took shot at ej and eu long.. very slow moving atm so settle for what i could, so +4 on each.

Scalper

took stab at long uj early on off the PB cautiously though.. that is why i exited for -3 when it was not there atm.. perhaps the PB was a bit too strong and faded the bull momo.

Scalper

sounds good brother, glad to hear you doing well, keep it up.

Scalper

Hi sparrow.. nah I just take it down from where ever i see momo building up, could be from 1m to 1hr. i will post pic from 5m in this thread, those were snap shots from my journal I dragged over here. good to hear from you... how are you doing ...

Scalper

same deal on uj for the short trade as it is correlated with ej at times... the long trade was not too bad either earlier.. normally it takes many more trades and tries to reach 50+ for the day but sometimes is like a walk in the park which makes up ...

Scalper

I really like this ej trade which actually made my week for getting +40 out of it which is almost about 4 times of what i normally get.. it was a last little straight bear move of the week. The way market has been I look to spot more of such trades ...

Scalper

Hi… I have not been active much here but will be for the last a few weeks of the year. My activity will be based on combination of scalping tactics presented in this thread and some BO plays.. and get to talk some trades with fellow traders. Basic ...

Scalper