Hello
i wana just advise everyone who wants to get more profits in the forex markets so just do scalping trades and take 5 pips per position then try again to find other opportunities
if just you enter 10 Positions per day then your results will be 5 pips*10 positions = 50 pip every day
and as the target is small so it is easy to achieve it and this is more likely than entering a position and waiting for 50 pip or 100 pip and the price can give you for example 30 or 40 pip and then will comeback so this is just losing of time
here are some results for my scalping trades and every position with a target of 5 pips but i enter from 6 to 15 position every day
can we call this a holy grail ?
keep going, have a daily update of your trading result, make it a months test, for at least 400 trades.
nice one, wonder how long it gonna stand.
Return is directly proportional to risk. Scalping also is the most risky strategy. Also chasing 5 pips isn’t scalping. Its a low frequency day trading. Scalping is crossing the spread and taking the profit. Nothing more nothing less. It requires a special somone as it **** with ones head lol
i don’t call that a risky scalping because i enter just with normal lots as you see in account 10.000$ the lot is 1 and for 1000$ the lot would be 0.1 so there is no risk for the account , i’m not trading with high lots like 100$ per pip for account 10.000$ but just 10$ per pip and i try to accumulate pips in lot of positions and not waiting a long time for just one position to get 100 pip , i hope you understand , wish you all the best
Scalpers trade with a stop loss too bro. They plan and control every aspect of their strategy. Its call structure. And scalpers need the best structure of all the trading styles. Look don’t get me wrong bro. You do something very similar to me. So I will recommend you seriously have a look at tick charts if your pursuing this style. Just got to recognize the difference In trading styles.
Very nice equity graph! Do you use a stop loss? What if price goes against you? I’m tempted to give this a go. I think something simple like boullinger bands with an upper time frame idea of where price is headed would do the trick. But there might be that one time you chase a move and it suddenly reverses on you. That’s when I’d be lost. Keep us updated and thank you for sharing!
If you do not use a stop the day will come when the market will psychologically test you to close a losing trade with a loss of 30 pips (for example). Many who do not use a stop will wait for the market to reverse, after all, it always f=goes up and down. When that day arrives and you do not have the strength to close a losing trade, it will be the day you will realize that not using a stop can very expensive.
