Scalping - curse or Blessing?
Life Trading
Real Accounts
When I started to trade the FX market over 15 years ago, I thought that scalping was an effortless way to generate profit. Put on a trade, waiting for some pips, and collect the cash. Sounds plausible ? Until I have lost a couple of times in a row and discover my losses are much larger than my wins that I could easily end up I can't dig my way from.
Thus, what is the answer in the event that you really wish to use scalping as one of your trading style?
Following 15 years experience I will say that scalping remains a high risk trading style and invoicing will be accomplished after taking the measurements on site.
Scalping appears a'back breaking' work inconsistent due to the fact that the market changes easily its direction it can happen in a minute and quite frequently with the attention of these decreased timeframes with no discernible reason. As you may end up making the choices that are incorrect and bad choices. Cope with or scalping actions can cause you to become confused and lost in your thoughts with only the occasional bump to browse around.
It is simple making money with scalping within short time here and there. You can quadriple the account easily within three or two weeks once the market is currently going stright away on your leadership - then it's a doozy! - but can you state it when comparing your scalping orders over months? ,... possibly more than years?
You win some, you lose some.
Real Life Account
Swiss Scalping - Leverage 1:50, Deposits: 1'000. -$, Beginning Date: 2014 September 18, p.41, #814
2014 October 03: Equity: 1'106.47$, Profit: 106.47$ ( 10.6%) (Beginning Date: 2014 September 18), p. 57, #1'132, #1'161; 10% over one month.
10'000. -$ should be the minimum when scalping in Life, 25'000. -$ is advocated, 50'000. -$ should be comfy.
(additional explenation: p.45, #890)
A part of my scalping design here is based on preceding egies.
Sicko-Scalp-Machine, https://www.forexforum.co.za/trading...s-15-mins.html
Simple Scalp Machine, https://www.forexforum.co.za/trading...nal-245-a.html
Scalping 10sec., 30cec, M1, https://www.forexforum.co.za/general...ex-trader.html
TASAYC (Trade As Easy As You Can), https://www.forexforum.co.za/general...d-thought.html
Scalping Swinging, https://www.forexforum.co.za/general...a-aud-jpy.html
M5-Two-Way-Confirmation-Strategy, https://www.forexforum.co.za/trading...imeframes.html
Time Cell Trading, https://www.forexforum.co.za/trading...newbi-log.html
TraCop-1 percent, https://www.forexforum.co.za/trading...id-trades.html
Dear Scalping Trader Non-Scalper!
Feel free to publish your scalping ideas or counter arguments at this board here!
Kindest regards
FXcube
___
Further remarks
p.9, #166, #168; p.25, #481 - p.26, #518 (FXcube); Cascading Trading, p.15, #248 - #286; Pareto-optimum or best? , p.16, #316; p.27, #530 (iDoubleStoch);
___
Indiors Templates
p.10, #198, https://www.forexforum.co.za/attachm...1726399834.tpl, https://www.forexforum.co.za/attachm...1412254789.tpl, (see also p.11, #214); p. 18, #346, https://www.forexforum.co.za/attachm...2126933004.tpl, https://www.forexforum.co.za/attachm...1215998006.mq4; p.47, #940, https://www.forexforum.co.za/trading...-scalping.html, https://www.forexforum.co.za/attachm...1231835452.mq4;
___
End
This thread was closed by FXcube at 2014 October 03, see p.58, #1'160.