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Ironfist Well done, how did you set your targets? Doesn't look like setting stops was much of an issue... If you only trade in strongly trending markets and avoid choppy and ranging markets your returns will be much better. Cheers

Iron Fist I've 6 trades for +30 so far this week. Have 3 wins and 3 losses. Just closed out a short cable trade about 10 seconds before it plunged another 15 pips. Try looking at the bars with a view to identifying turning points ie HH/LL's and just practise entry based on that ie wait...

Ironfist Bad luck on the trades, its looks too me that while you a trading technically correct HH/LL's you may be entering trades during short periods of congestion. Its easy to be wise after the fact but looking at the patterns I would have taken a maximum of 6 trades with 3x winners, ie...

Ironfist 1. Stops look the way I would trade them. 2. Re exit, I watch the trade and try and exit when I see a change in trend. I'm not terribly comfortable with this but haven't got a better solution at this stage. 1 point is better than a loss but unless you can consistently do better...

IronFist 1. If you set your targets too low you will never win over time. 2. Wait until you see a good entry with a natural stop that gives you good risk return. 3. Don't sweat those small bumps that look like they could be HH/LL's but be aware that there is some natural volatility in...

Re stops: I initially started using a 8 pip stop but that didn't seem to work. Now what I do is once I have determined the trend I look to find a good location for a stop eg resistance, pivots. I then watch the price action and when I see a good combination of stop placement and HH/LL...

Since reading the thread 2 weeks ago my trading has improved. I've picked up 298 pips trading Euro Cable Yen and ASX200. I have done 94 trades so I have been collecting an average of 3.16 pips per trade. I do try to let the trade run beyond 6 pips. My trading account has increased 6%...

1. I have a question about what are the best instruments to scalp with. I usually trade F/X but are there better options?

I agree amitman Ive traded the reversal on hitting my stop twice now for good results. You still have to approach it sensibly ie looking like an entry for a reversed position but it seems to happen. I haven't had any trades hitting my stop and going back in my original direction since...

1. Stops I now look at where the stop position should be placed first when contemplating entering a trade. Once I am happy with the position of the stop that I think about the risk return to get my 6pips, usually between 1:1 and 2:1. 2. Reasons for scalping I live in New Zealand which...

I ve been trading for a while and its great to find a place that devotes some time to scalping. Re algorithms, if they existed people wouldn't sell them, they would use them to make unlimited profits. I've given up trying to develop one. I agree with one the the previous posters "the devil is...

I got 4/5 last night on the euro. I am a scalper and have both psychological and logical reasons for preferring to take small profits. I don't use indicators apart from a long ma and a short ma. I adjust the timeframe to try and match the frequency of the market. I trade indicies and F/X...