I don't have a hard target, but I do use 3pips (1%) a day as a guideline. Normally I just take a trade or two, get my pips and am done regardless of target. Sometimes I get 3+ sometimes only .5, sometimes a loss. I've been working on taking a couple ...

target met, continue or stop trading

I'm not a professional yet, however from my experience so far, the best way I can suggest to keep your cool is to get good at online poker, specifically HeadsUp. Start at the lowest stakes and work your way up to Midstakes. Once you successfully ...

The mental game!

I use 3 range.

Time Frame for EurUsd scalp?

I never target a certain amount of profit. I just stay in for as long as I think price will go in my favor. I usually make from 1-6 pips. But have no problem exiting with a quick profit of just .5 or even a 1-3 pip loss.

How Long is your typical trade?

Anywhere from a few seconds to a few minutes. So not very long at all.

How Long is your typical trade?

I love trading just before and after a news release and I use Oanda. The spread does increase once the news is released. Sometimes it's 10 pips sometimes less sometimes more. Usually lasts for a few minutes. But it's easy to avoid. Just keep in mind ...

Help for Newbies (Discussion Thread)

Don't let your afro juice affect your thinking. I was talking about good players. To be a good player you need solid MM. Therefore, if you're a good player you're beyond the stage of "supposed to learn". You did learn.

Forex vs Poker

True. Any poker player who is serious about making money understands money management very well. It's at the very core of being a good player and one of the first things you learn.

Forex vs Poker

Yes, there are a lot of similarities between poker and forex. I played online poker before getting involved with forex and the mindset and skills I learned in poker has transferred very well to my trading.

Forex vs Poker

Hah, nice. 1 time dealer, 1 time!

Profit or Loss appropriation targets?

I don't think like that at all. Before I started with Forex I played poker semi-professionally for 2.5 years. In poker you learn really quick to stop seeing the buyins as money. Even when the buyin is $200 per game, it's just a buyin. It's not shoes ...

Profit or Loss appropriation targets?

From my limited experience... If you're going to scalp, low spread, volatility, and momentum are the 3 keys with momentum being the god and king. If momentum is there, get in. If it's not, get out.

Naked Scalping Discussion

I scalp with the trend. Which makes me a scalper, trend trader, and discretionary. The trifecta! I win the prize??

Vote Here! What Trading Style Do You Prefer

Yeah, I tried a bunch of stuff and methods too. After finding the last one it felt more "correct" to me and and stuck with it. Changing it up to fit my own style as I went along. I don't like the time based charts either, hah. They are much harder ...

Range Bars for Scalping?

Back now. Great trip! Anyway, I was referring to the fact that you're living off trading. So if you have some bad days or weeks you have to have the mental toughness to push through and remain focused. And I agree. I think most anyone can learn to ...

Help me get 100% Win Ratio & 10 pips a day

Trading in itself is not complicated. It's actually pretty simple. People make it much more complicated than it actually is. However, it is not easy. There is a lot of work involved and you must be consistent in your actions.

Is trading complicated?

Am about to board a plane to China and will be back in a couple of weeks. Looking forward to talking more about scalping when I get back.

Help me get 100% Win Ratio & 10 pips a day

Yeah couple weeks ago I tested out using hard stops and profit targets with 3 to 1 ratio and got my ass kicked. For whatever reason its just much easier for me to get in and out quick for very small amounts consistently. It's not the way you're ...

Help me get 100% Win Ratio & 10 pips a day

I've been trading live for about about a year but only been scalping hh and ll's for about 3 months. The first 9 months I was all over the place and losing money. But scalping this way for last few months is the only way I've been profitable and ...

Range Bars for Scalping?

It is a mental stop. Initially I started with a 2 pip hard stop and yeah had to have practically perfect entry which meant not taking any trades at all on some days. Hah. What type sl do you use?

Help me get 100% Win Ratio & 10 pips a day