In 30 min if it was live id be ballin’ but we all know it’s not that easy :]
but if u take a look it seems likely possible to do so.
://img.photobucket.com/albums/v387/fr0zen_rx7/Scalping1minchartsOwnage30minofmayh.jpg?t=1194946892
just put http, because i didnt want to violate the link policy
-ForeX Capitalist
what time of money management did apply?
Looks like grid openings on a break out.
Gutsy…good results though!
Hmmmm…
I was just experimenting with 1 minute charts and Bollinger Bands and Fast Stochastics and a 4:1 reward/risk ratio and out of 30 trades =X crosses fingers I was winning 66.7% of the time.
I set up 30 trades with preset Entries and a 20 pip Stop Loss 10 pip trailing stop and 80 PIP Limit. It was the most intense 30 minutes of trading I had considering the market for GBP/JPY started moving sideways by the time Tokyo closed. It’s a scalping technique i suppose you can say that I was experimenting on. But hey
-Forex Capitalist
Thanks man ill update with more results on this experiment I’ll try this for a few weeks and then i can finally get a final process down so u guys can try it… Im trying this out because I wanna see the possibilities trading nonstop lets say for 30 min or an hour then just kick back the rest of the day knowing u just made 200-400 pips 
Gotta capitalize on the openings and closings of markets etc. there’s always pips to be made in very short periods of time. Just depends on when you enter. and when you exit. More info later. as for now imma enjoy my Zune V2 ;D IPOD monopoly = OVER have a good night guys, ill probably be back later or tomorrow.
-ForeX Capitalist
I like that study man I’m gonna analyze it n’ see if i can apply it to my tschnique to perfect it. With mine though for every loss there is a win and sometimes usually after a 20 pip loss you have a guaranteed minimum win of 10 pips or more especially with the trailing stops in place. you’ll break even and more. but i’ll go into more detail with that later. thanks for the input.
-ForeX Capitalist
Thanks for the admins for allowing my thread to be ressurected. I’ll be back on later when im done with work on more results and analysis on my system and how it performed during the week. Everyone have a good thxgiving week and fall break. get ready for those sales after thxgiving haha bbl.
-ForeX Capitalist
WHat was the spread your paid? for the desk brokers, 8-10 pips. for making 10 pipe after the spread is prety hard for the scalping, correct?
It was an 8 pip spread for gbp/jpy and there’s no dealing desk with FXCM but yeah after that mini scalp you can take away $10 ish per pip sicne its a standard account. but that was on Demo so we’ll eventually see how this pans out on Live.
-ForeX Capitalist
Like I said on the pic * if it were that easy =) * which it isn’t I’m still planning it out. Just got back home so imma try more of the technique when I before Tokyo session ends.
-ForeX Capitalist
Nothing worth having comes easy. But that’s not to say you can’t make something work if you discover a style, edge or a unique set of occurances which you can take advantage of on a repetative basis?
That pair, GBPJPY is a cool customer, & you can certainly work it via the small timeframe charts if you get your plan & your head nice & tight.
Those spreads will definitely handicap you though when you take this thing live. Why not try run your tests/demo across on EFX’s platform.
I believe their spreads on that pair are quite competative, down around the 2-4 pip level during London business hours.
Even with the commission added on, I’m pretty certain you’ll receive a fairer & sharper service.
One of the critical elements when executing a scalping or fast timeframe show, is [B]execution/fills[/B]. Doesn’t matter what your risk management, size or spreads are - if you can’t get unbiased & fast fills in & out, you’re a dead man walking.
ECN-STP would definitely be the route I’d take if I were seeking a regular trip onto the sub 15min charts.
Good luck with your continued testing & demo work.
Indeed execution and fills are key because I noticed with scalping, 1 pip is the difference between life and death.
Many times have I seen it reverse 1 pip from my target just to tank out on me and just hit my stop loss instead lol so there goes my 3 candles worth $100 or so. If you can pm me the link for EFX id gladly check it out.
So i just learned I cant be a long term swing trader. I tried it out last night and im still open 2 positions and its eating me alive right now 200 PIPS and counting lol 
however during that time i’ve been scalping through here and there on the sideways movements so I can create a buffer big enough to take the loss hopefully It reverses a little bit. I hope it doesn’t tank out more cuz thats alot of scalping to do to make up =X
anyways thanks for the input sir its well appreciated. take care and have a good one.
-ForeX Capitalist
Gotcha, nice they’re in Arizona next door to me in California so customer service should be a breeze. Thanks man. I also see they’re affiliated with MBT so it should be good low spreads like you said.
-ForeX Capitalist
Whats the difference between EFX and MBTrading? I mean, the platform is the same, and EFX is essentially MBTrading, but how do they compare on fills/commissions?
I’ve been leaning towards EFX but i’ve heard their rollover rates are really high. What does that mean in terms of holding trades overnight, etc?
It very important to me that my daytrade entries are fast and accurate with low spreads, but its equally important that my swing setups don’t hurt my bottom line unnecessarily due to my broker. Any insight would be helpful!
Yeah they’re pretty much the same I dont know if they (EFX) charges the same $5 of comission per 100K units traded or whatever. but I’m still working on the platform and its not working for me yet their demo. It’s giving me error messages like this account is not approved for forex etc etc when i try and place orders. I’ll figure it out though.
-ForeX Capitalist
I m new to fx.
It looks impressive. But, to trade in this fashion i.e 300 lots (lot side 100000 USD) - how much money should you have in a/c for margin (1:200 leverage)
If I had 5000 in my a/c. I was thinking I could trade 2 lots at a time comfortably without risking the order getting closed out.
Am I missing something?
TIA
300 Lots X 100,000 USD = 30,000,000 USD / 200 (1:200 Leverage) = 150,000 USD account value.
Let’s say you alleged friend trades with a tight 20pip stoploss, that represents 40% of his account seems very high risk trading to me.
Your chances of hitting it big with a 20 pip S/L is slim to none you must have entered the position perfectly and make sure all the price does is go straight down and not fluctuate up (highly unlikely because its bound to retrace or worse reverse @ 1 point or another) or else youre just wasting $ on the spread and your time.
