Recent content by pescador

If you are a successful scalper, than why change? If you are an unsuccessful scalper than why change to something that increases your risk? The fastest way to learn trading is to learn scalping. Chart formations and opportunities look the same as on longer timeframes, but appear faster. Money-...

Same here. At the end the holy grail turned out to be infinitely simpler than I had ever thought.

Any prediction will always be right. Either up or down it will always go. The question is only WHEN and from WHICH LEVEL.

By far the highest risk factor to the trading account equity is the trader himself.

A small account is the fastest way to learn trading. See my answer to a similar thread here: https://www.elitetrader.com/et/threads/what-ideal-lot-should-be-used-on-a-50usd-account-with-1-20-leverage.377097/#post-6017035 If you have more leverage than the guy in that thread, just adopt the...

With such a small account the only possibility is to learn scalping. But I warn you, scalping is the most difficult strategy of all. But also the one that teaches you the fastest of all. 1. You have to be prepared to lose it all many times over. I mean MANY TIMES before you learn. 2. Use 1/3 of...

If you do this, you do not even understand scalping.

Stay out if you want to be a serious (if such a thing exists...) trader. Otherwise, if you do not care about consistency and sustainability, just do whatever makes you satisfied.

It depends on the size of your lots. Most ECN brokers operate in a mixed manner, meaning they themselves are direct participants of the same ECN network, i.e they are also market makers at the same time. That means, that the tightest spreads are offered are filled by themselves. If you have a...

The ones that are meaningful to YOU. Means those that you are able to interpret as STATISTICS within the CONTEXT of PA. And those that are able to keep you out of bad trades.

I personally prefer P&F charts, their way of showing PA is much clearer to me. But it is just me.

Depends on your strategy and capacity. For scalping 3-20 minutes waves 1:100 or 1:200 is good, but only if you are able to use a SL of about 2-3 pips and still have more and bigger winners than losers. If you still have no experience / capability to identify those kind of opportunities, you will...

Then there is low frequency, high precision scalping, what I do. A better term for it could be poaching. I normally trade in a 2-max4 hours time window in a day, with 3-4 trades max. per day. I only take trades after identifying situations where a reasonable possibility of setting a SL of 2.5...

babypips is OK in order to learn some basic concepts, but definitely not enough in order to trade successfully. For that you have to open a demo account, observe, analyze and practice till you are able to discover some kind of an edge. Even a real edge will be not enough if you don't learn to...

http://rt.com/op-edge/eu-law-financial-absurdity-proposals-816/