Scalping For 100-200 Pips

[P1PTRAD3R]

heres the chart... for trade above

P1PTRAD3R

[P1PTRAD3R]

morning everyone, the two trades i left overnight were successfully hit for a breakeven and a +20. I will count these pips for todays totals.

DECEMBER 2ND'S GRAND TOTAL: +20 PIPS
6 DAY GRAND TOTAL: +889 PIPS

P1PTRAD3R

[P1PTRAD3R]

took a short trade in the GJ for a quick and painless +20. check chart for more details.

DECEMBER 2ND'S GRAND TOTAL: +40 PIPS
6 DAY GRAND TOTAL: +909 PIPS

P1PTRAD3R

[P1PTRAD3R]

took a short trade in GJ for a +20 near resistance.

DECEMBER 2ND'S GRAND TOTAL: +60 PIPS
6 DAY GRAND TOTAL: +929 PIPS

P1PTRAD3R

[P1PTRAD3R]

took another quick short scalp in the GJ for a +13 pips. GJ trading in a range here so be careful for a breakout in either direction.

DECEMBER 2ND'S GRAND TOTAL: +73 PIPS
6 DAY GRAND TOTAL: +942 PIPS

P1PTRAD3R

[P1PTRAD3R]

took another quick scalp on the longside of the GJ for a +20

DECEMBER 2ND'S GRAND TOTAL: +93 PIPS
6 DAY GRAND TOTAL: +962 PIPS

P1PTRAD3R

[P1PTRAD3R]

took 2 trades in the EU today, first trade was a short for a +16... then took a long trade for +10 near the roundie.

DECEMBER 2ND'S GRAND TOTAL: +119 PIPS
6 DAY GRAND TOTAL: +988 PIPS

P1PTRAD3R

[P1PTRAD3R]

not a bad day today, will be on the sidelines now...will only get into the market on clear set ups.

P1PTRAD3R

[team]

Originally Posted by P1PTRAD3R

Hello everyone, i am new to babypips.com. i do trade fulltime. i will start to post my trades in this forum with my specific money management and trading rules. I am a scalper, i trade GJ exclusively but i do take trades in EJ GU EU when trading oppurtunities set up in those pairs. I try to shoot for about 100-200 pips/day, especially where the VIX is nowadays. I do credit my success to discipline, money management and experience. I will start this monday on my trades. My trading system is basically my strict money management rules that i follow. I trade my account size, meaning if you have a $30,000 trading account you should be trading 30k units. I do scale into positions, with a max drawdown of 7-10% of your account.

You will see more clearly what i am talking about when i start posting my charts.

P1PTRAD3R

what's VIX?

[doggie01]

Originally Posted by team

what's VIX?

I picked up on this too team

"The VIX is calculated and disseminated in real-time by the Chicago Board Options Exchange. It is a weighted blend of prices for a range of options on the S&P 500 index. The formula uses a kernel-smoothed estimator that takes as inputs the current market prices for all out-of-the-money calls and puts for the front month and second month expirations. The goal is to estimate the implied volatility of the S&P 500 index over the next 30 days"

This is from Wikipedia. I hope it's correct !!