2000 thousand dollars

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Quote from oldtime:


Your decision to concentrate on scalping is probably a good one for you.

gonna have to give up something

I'm the only one who understood from your first post what you wanted to do. You want to trade on your intuition and ability to read the market.
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+1

You do get it! I do want to develop any innate ability I may or think I have to beat the forex market. After a successful try here and I build my account want to try my hand at futures.
 
Quote from oldtime:


To survive longterm, it's not good enough to guess which way it is going to go. You need to give up some of that intuition and replace it with "I think it will go here before it goes there."

In otherwords, it can't be just one sided, you also need to think about how far you are willing to let it go against you before you put it on.

So the whole trade is "I think it will go up before it goes down 20 pips (or whatever loss limit you decide)

Everyone will tell you you must have a higher reward than risk, but they don't know anything about scalping and no scalpers have a small risk to reward ratio.
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+10

Yes if I have any weakness it's sensing when to get out of a trade when the trade is over. I need to work on this.
 
Quote from college ruled:

+1

You do get it! I do want to develop any innate ability I may or think I have to beat the forex market. After a successful try here and I build my account want to try my hand at futures.
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After watching this chart all day long 69 is like a magnet...for price pretty sure I can get at least 4 pips from this trade. shooting for more but 4 is in the bag just as i placed this trade.
 
entered a limit order to buy a full lot @68 and +$50 on this trade. good enough for me that put me flat no postion. spending way too much time in mid 70's big chance bouncing back
 
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