DislikedI wish to let all readers well aware that the purpose of this threads existence is of positive intentions. So please respect the fact that all of us are here because we're willing to contribute.
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Scalp, scalp, scalp 5,623 replies
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DislikedI wish to let all readers well aware that the purpose of this threads existence is of positive intentions. So please respect the fact that all of us are here because we're willing to contribute.
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DislikedDo you have any pip target in mind for each trade?
No I don't want to have a strict pip target in my mind. It depends furthermore at my lotsizes per trade and the quantity of open orders.
...how many trades you take in a day?
Between 20 and 200 trades per day. Often I go in with many identical trades at the same time (4-10) with several different exit points. I like more the dynamical trading, e.g. go out with the 1st order by 2 pips, next one by 5 pips, next one by 8 pips, the most one exits follow the Exit Rule at M1 and/or M5...Ignored
DislikedThanks for the replies....
Would you say that the overall higher trend does not matter if your are scalping on m1-m5??
Would you look at say m5-m15 trend for scalping m1??
ThanksIgnored
DislikedCountertrend trading? Why not?
If I trade M1 I take a look at M5 and M15 but don't observe the main trend (M5/M15) consistently. Often I trade counter the trend in the hope of earning several pips (2-5) in between, e.g. one M5 Short down and interim several M1 Longs up extremely short run.Ignored
DislikedYeah,i see now how you can have upto 200 trades,You must be a pip monsterIgnored
DislikedYeah,i see now how you can have upto 200 trades,You must be a pip monsterIgnored
DislikedSorry to hear you ran out of maring in the last account, but thats life i guess. This time you are going with the moves instead of your usual against it at the point it turns, thats interesting.Ignored
Read more: http://www.babypips.com/school/what-...#ixzz1LSY3sDXw
Read more: http://www.babypips.com/school/lever...#ixzz1LSYW2noK
Best regards
FXcube
DislikedIn effect what are you using the bollingerbands for this time? I dont quite see their function in this strategy...Ignored
DislikedEverybody should use scripts, doubleclick and the request is sent to the broker. Clicking 400 times in one day is far from impossible, a healthy person can manage at least 200 a minute. If you want to make it a 03 for instance, why not spread it around 5 times on 006 positions, or three times on 01 positions and have different TPs and perhaps even different SLs? Maybe you want to do that, maybe not.
I use a script that takes a fixed amount of the current account as the preprogrammed SL. So lets say a SL of 10 pips and if that is lost it means -0.2%...Ignored
DislikedUSDCHF, M1, 2011 Mai 05
Have set a pending order at DS1 (Pivotal Point)
Long @ 0.85580 (DS1)
...and take a look at M1. If it will run in my favor, switch at M5 and would let it run further long.
...and have to set a stop loss or hedge it interim.Ignored
DislikedHi Forexcube, your system looks very profitable, thanks for sharing
What is your broker and does it provide 3 pips pending orders, or might I read the post after a whileIgnored