30 Days to Profitable EUR/USD Scalping.... -
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thread: 30 Days to Profitable EUR/USD Scalping....

  1. #11
    Check out this thread of trading posters made by our own members-
    My favourite two follow...

    https://www.cliqforex.com/bitcoin-cr...er-needed.html


  2. #12
    I don't need to generate any method changes until the 30 trading days are finished. Yes, occasionally my 8 pip stop-loss feels far too tight. Yes, occasionally I wish to put on a larger position. Though recently, I have more than 1 transaction at one time or have felt no need. That is great, it's where I wish to be, concentrate and deal with the transaction at-hand as best you can.

    For 115 transactions and 11 trading days, each trade was entered using a stop-loss, though I have moved it closer to break-even on some transactions which have gone profitable. I do use a default take-profit target but frequently move that. I have broken up the daily stop-loss rules .

    Risk is one of those few things we can handle, that we actually have control over. You cannot control how much you make on any commerce or about any trading day, week, or month. You are able to control how much you lose. Exercise your control on one of those things we have power over. I will try.

  3. #13
    You can not get wrapped up on your term outcomes. There are changes and always will be. The best thing you could do is to keep doing the right things over and over again. The results will take care of these.

    Following the initial 20 trades I had a win % of approximately 75%, it is currently 57%. . .but my average winning trade is much larger. After 115 trades, 11 days, the outcomes are. Stay focused, do the things that are right, the results will come.

  4. #14
    Unfortunately, I am distracted about things that I want to get done (non-trading actions ) before work this evening. I sat down at about 11:00AM EST and finished at 11:45AM EST..

    My first trade of the day has been stopped out at max reduction, and I was bottom fishing marginally on a long candle moving downward. The moves felt just like yesterday afternoon, in which things are moved by them enough to shake out everybody and opposite direction. The upcoming few transactions were me trying to have a feel for the market. With a total of trades, my past two have been 11 and 10 pip winners who place me profitable for your day.

    My entire longer term perspective explained down tendency, through the S2 pivot. At the time of the writing about 20 minutes afterwards. . .we finally got there but not without significant up-down that would've rattled me.

    A favorable day helps plogically following yesterday's battle.
    I do not work tomorrow night so hopefully I can put myself to get a full trading day without any additional concerns.

  5. #15
    I traded out of 10:00AM to about 3:45PM EST.. Today was really exhausting. I was attempting to trade for moves, and we ranged the majority of the day. I had a succession of eight trades in a row today. Not all the trades were in the maximal stop-loss, but it turned out to be a series. A few of the trades in that show were 10 pip winners at one point. I spent all the day trying to nurture winning trades. I broke two rules today, trading after hitting max stop reduction double and trading after being down (negative) 25 pips. It was a day, 5 1/2 hours of screen time, which cost me nearly 30 pips.

    Honestly, if I had not invested the week-end reviewing past months volatility and just how much I would've made by holding my winners more...I would've been my regular counter-trend range trading ego. Tomorrow is another day.

  6. #16
    I only traded from 1:00pm to approximately 2:00pm EST.. I woke up some lack of discipline there. Net profit of approximately 1 pip after 5 transactions. The two transactions were less than 4 pips. Where I must be, That's!

    This is my last submission, unless that thread gets revived later on. I attained my goal, I traded 30 trading days, and traded (marginally ) more regularly. I've way to go. I'd love to get around 4-5 hours every day.

    Many stats from MyFxBook at present (these will change over time)...I intend to maintain trading this account at least until the CFTC announcements of potential leverage changes and such.

    February 5.96% March -31.39% Overall -25.43%
    Starting Balance $1000.00 - $745.93 as of now

    240 trades 49% winning trades

    greatest commerce $104.00 52 pips, worst commerce $52 26 pips

    Two charts from now...


  7. #17
    I had been thinking about my recent trading, and a post I said I forced some trades to remain active. My typical activities are attempting to buy/sell on pull-backs or retracements, then as it continues, riding the tendency.

    There are other options, one which I'm not very good in and subconsciously avoid. I could not bring myself to do it when trading stocks either. Buying high and selling higher. I forced myself to do it lately, to add suggestions. Up candle, another up candle, and price is not coming down... what would you do? You buy up high and market it a little greater.

  8. #18
    Many people today suspect Oanda of using a trading algorithm which transfers prices on a foundation to shake people from trades.

    I saw MB Tradings quotes versus Oanda's now, since I have previously. MB Trading operates a ECN platform, you can be represented on the bid or offer with your trade. It is an ECN collectively of the traders of MB Trading, and of course not the interbank market.

    As before, months ago, the spreads are near identical the majority of time, 0.9 pips on EUR/USD. The prices proceed very, very likewise. . .with small differences in the bid/ask exactly the movement direction that is same and same spread.
    Differences are between 1/10 and 4/10 of a pip, but I would estimate 70 percent of the time that their quotes are identical.

    Summary:

    The ECN has the Exact Same price attributes that Oanda does. It's not Oanda secretly trying to shake you out of trades, it's just the character of the market on a brief time period.

  9. #19
    Started around 12:30pm EST and finished at 2:15pm. I forced some trades, meaning I took clinic handling them, and some trades to stay active. Two bigger losses today around 6 pips, still approximately 1 pip too high. 1 trade particularly, I flipped-flopped on, I had been on the side, went long, and closed for no loss, a moment fell after. . .that was a 6 pip loss. Oh well....

    I didn't feel I'd too bad today, though I had been down almost 7 pips internet. I felt as though I had been in-tune with the traders, except for this 1 change trade. I could have been flat. 10 trades total 45 minutes, and fairly active scalping with minimal anxiety. I will do better.

    Today is a special day, today is the 1 year anniversary of my very first Forex trade. I exchanged USD/JPY in the day initially, with an account in MB Trading. Total Foreign Exchange costs at presentdown about $1250 across a couple accounts. . .not horrible entertainment value at about $100 a month.

    What could I do different looking back in my first year? Take it more seriously, not. I am trying to do that but in my first months, my trading was inconsistent and sporadic. When I felt like it, for periods of time I exchanged. Display time, display time, display timing (for scalpers) and disciplined, persistent work occasions.

  10. #20
    I traded from 10:30am to about 12:30pm EST, then I couldn't stay awake any longer as I had been up late last night. The European market close took us to the pivot in a half hour downtrend. I suppose President Obama was on TV among those rare occasions I wish I would've had CNBC on or something comparable, after that.

    A quick movement from S2 to S3 followed, which at the time was very surprising. I found out about the TV incident well here I was searching for reasons.

    Seven transactions, largest loss 6 pips, still a touch high as I'd like losses to be at least 5 pips. Net profit of about 1 pip. There was action in the afternoon, but my BBs were far apart because of the move previously. . .they didn't indie lots of transactions.

    Here's a peek at the big movement down...

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