trades without stress are the best trades 
in my eyes if its not at least 100 pips (quick trades) to be gained then the effort doesnt pay off. trades that go longer than 1 day at least 300 possible points, otherwise the effort exceeds the potential gain.
anyways; what eddieb said is 100% correct, you will never make any money having 1-2 pips SL as only the spread is usually around 1 pip, so its close to 100% probability that you get stopped out at every trade you do.
9 pip stops, 3 pip trail on 12 pip gain
Scalper,
Lets go again bro, that’s not scalping. It’s a low frequency intraday trading technic. Scalping is crossing the spread taking the profit.
Call me billy again and I am going to have to kill you!
“Scalper”? … 
I regularly trade with about a 9-pip stop. This has nothing to do with scalping (not even in shampoo advertisements). 
Really? Humm,
5M Chart, Tight stops, trail at 12 pips, with a 3 pip trail, with a 9 pip lock in at trail, several times a day, isnt considered scalping, ? Of course Ill take 3-4 pips if the plan calls for it, but comon, you guys are just tryin to troll my posts at this point, no?
And good stuff on the threat, you can actually go to prison for that sht, you know. I even screen shot it for ya,
Odd, because the definition is actually small time frames, take profit of [B]2-15[/B] pips, tight stops, several times a day, or high frequency trading, lol… Not sure how much closer to the definition you get then that. Oh, forgot the “Using more margin” per trade then traditionally speaking.
Oh, and,
If I wrote,
Yeah, I have 9 pip stoploss and 2 pip TP, Id be called a fool, and that I dont kno how to trade, because Im almost sure of it, you have said that to me in the past.
So, I take all the criticism, learn to trade better, broaden my TP, to not hold IDIOT status, and STILL, get rocks thrown,
Its almost funny at this point with some of you people here, …
I can put, " I made 5% today" im called a moron, i risk to much, Just wait, youll blow it up, you’ll always fail, blah blah blah.
All most of you people do here, is piss on people, and thats the truth.
But you know what, thats pretty much the way the world is now anyways, I guess.
We’re all in the same business, smh, makes no sense. Ive never said, or interacted with EITHER of you people in a manner in which you would think I was an asshole, except you BOB, your always tryin to whack me, lol… This is like the 15th post that you come off aggressive at me for some reason.
*shruggs,
No.
The underlying motivation for my post was to try clarify for beginners reading this (and that is what the forum’s intended for, you know?) that this [B]isn’t[/B] what “scalping” means at all.
Be fair: it’s only going to confuse people looking at textbooks and/or websites, if they see a completely different description of it here from how everyone else in the trade uses the term, you know? :33:
Sorry if my post offended - I did even go to the trouble of putting a joke/witty comment in it, in an attempt for it [B][U]not[/U][/B] to offend. :8:
No - it really isn’t.
It’s how I often trade, myself, and it really has nothing to do with scalping at all. Sorry! But as the saying goes, “that’s the way it is.” Scalping is something completely different.
Bro, you making things up now. Just like the inconsistency you have displayed over the years in the forum. Scalping is a term abused by marketers/ bucket shops to attracted unsuspecting newbies to the fantasy of easy money. Then bleed their account dry.
As more experience speculators on an educational site we should use the correct terminology. That’s all. Don’t read anything else into that.
As for what it is, however it is you do these days, the only person you have to prove anything to is yourself. Getting all work up like this reflects badly on your ability to control your emotions. And as we all well understand emotional traders are bad traders.
Probably the reason Lexy and myself are able to comment is because it’s so similar to how we do things. The exception is we don’t used fix pips to gauge our trades. We let current market conditions dictate that. I use 70 tick charts but have had to revert to minute charts. It’s all good but because the same price action forms all time frames. My stops can be anywhere between 5 to 24 pips but I use my boxes to determine that level as it is the nearest lead indicator for current market volatility. I always look for a 1:1 RR ratio as my research has demonstrated that this is the only profitable target. Lexy has the advantage as she trades futures so can also see liquidity at the same time.
But from my experience, the only way to trade profitably with a 9 pip stop is to use leverage. This increases trading costs significantly. With a 3 pip trailing stop you are going to save many trades but equally loss much profit by getting out way to soon. Also you restrict yourself to only a few pairs you can trade with making things almost impossible.
There are very few people here that can do that but I have always believed that if anyone can it would be you. You where as mad as a cut snake and its a quality you need to trade like this.
I dont believe in trailing. More often than not. I cant hit my predetermined target. Set stop and target. If price hit stop. I accept my fate
Geez, I’ve come up with a couple of memorable lines this week but this tops them. Well said bro and I couldn’t agree more. Probably one of those eureka moments we all have to go through to turn things in our favor.
Happy Thanksgiving Bro, to you and yours, keep on rollin, be safe,
To you to bro, but as I’m not American can’t say I understand what the holiday is all about. I like turkey but!
1000 pips? Are you sure? Sometimes it can take month for a price to travel this distance. I think you are talking about 5 decimals chart with pipettes where your 1000 pips turn into correct 100 pips.
My general recommendation on this matter is to risk fixed size from deposit for example 1% per trade. I use special EA on my Hotforex platform which automatically counts and hints correct 1 percent from current deposit (as it depends from gains and losses), counts risk of ruin and other useful investment gauges so you can prevent any deviations from your MM. Also it has little impact on correctness of your trades its a good protection from wrong trading decisions.
[B]
Whoomp there it is!
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[B]Never miss a beat do you bro![/B]
First reason you put a stop loss is a place where your analyses are wrong.
Second reason is to limit your losses (risk management), having a predetermined range of risk taken.
Where you put the stop loss you establish before you enter the trade.
You wait for the price to reach a level where your future trade’s stop loss respect the two criteria mentioned above, then you enter the trade.
Ohhh, i thought you were. Where is your motherland?
Thanksgiving, was actually a religious Genocide movement, much like modern day sisi ( I know spelling), but by the England outcasts that came to America. Its actually a messed up holiday if you know the real meaning of Thanksgiving. But in todays way of life, it became an Holiday to eat and be with family and friends, and for one day, be gratefull for everything we have, the people that surround us, and count our blessings we are still on this planet.
Thanksgiving was a feast inwhich the Pilgrims celebrated victory, so they had many each year, but it settled to just 1 single day, instead of several over time.
Commission Kills:
If you have a TP and SL at 10 pips, and you are trading Eur/USD, U actually need to get 12 pips, since you are starting down 2 from the spread. Thats a 20% comission on your trade which in my opinion is crazy talk. This makes commission a huge burden to make up to be profitable,
Now if you have your TP and SL at 100 pips, then 2/100 is only 2% commission. This is gives you alot more breathing room to be successful.
2/500 or 2/1000 is even better. At these commission ratios you only need to have your trades be slightly above even to be successful.
I dont use a set pip amount. I use a set risk% of capital.
I identify a S/L a few pips above/below strongest s/r level in play
I identify optimum level for entry order. (I enter on orders, not @ market)
I figure out distance in pips of entry to s/l
I account for spread
I calculate dollar amount of a .5% min to 1% max risk
I take that dollar amount and divide it by the distance of entry to s/l . This gives me the lot size.
4:3 reward/risk w a 3 pip trail? With a 5 pip spread you would need to be up 8 pips before you lock in b/e. The bat of an eyelash will trigger that trail.
It depends on individual choice capital and risk he is taking in trading that how many pips he is going to set for take profit and stop loss. Usually people plan up to 50 or 100 pips when they use these tools. I prefer to plan 30 to 50 pips with small lot size.