Scalping - no trend days

salamanderforex said:
Hi Forex Scalpers,

This question might be wrong all together but I need your ideas.

1- Do you have any bad scalping days where you don't see any trends or whatever you do doesn't look as amazing as you like so you get forced to set on the sidelines for long?

2- And if you do have those days, how many days would you say are good in a year and how days are bad like that for you?

Some might say trends don't apply to scalping as it's in and out by frequency. That is fine. I can hear that side as well.

Thanks,
More...


your questions are not clear.
because different people define those words differently.
It is better you include some charts to improve clarity.

I will attempt to guess your questions.

you are talking about day trading currencies.
Before Mar 2020, it was extremely difficult to day trade it due to its very poor day range.
Since Mar 2020, currencies are rather tradable.
But that doesn't mean it is easy to earn money.
And that doesn't mean every day is a great day for trading currencies.


if you see price movement is chaotic & erratic, avoid trading it.
if you see the whole market is very quiet
(eg Eur Ggp aud gold .... hardly move), avoid trading currency.

so on 1 Sept 2020, eur gbp was actually very tradable
because the US dollar was actually moving.


as mentioned, include some charts so that I can better answer
your questions.
 
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Coner1980 said:
Scalping is good but it's not the ultimate way of trading the best way to trade is through the swing trading method, this method is a bit more safe and more reliable compare to scalping, I cannot refer scalping as the ultimate way because I no that swing trading is the best trading style anyone can make use of, scalping is a good trading style though but not the ultimate.
More...

I've been doing swing trading too because I got busy. Looking back, I think I would probably made 100x more if I just swing trade. And a lot less stress. Not that all of my swing trades win. But when they do the wins are significantly bigger than the daytrades.
 
maxinger said:
your questions are not clear.
because different people define those words differently.
It is better you include some charts to improve clarity.

I will attempt to guess your questions.

you are talking about day trading currencies.
Before Mar 2020, it was extremely difficult to day trade it due to its very poor day range.
Since Mar 2020, currencies are rather tradable.
But that doesn't mean it is easy to earn money.
And that doesn't mean every day is a great day for trading currencies.


if you see price movement is chaotic & erratic, avoid trading it.
if you see the whole market is very quiet
(eg Eur Ggp aud gold .... hardly move), avoid trading currency.

so on 1 Sept 2020, eur gbp was actually very tradable
because the US dollar was actually moving.


as mentioned, include some charts so that I can better answer
your questions.
More...


Thanks for the interesting insight for pre-covid. I will post some charts at a later date when I get a chance to analyse my trades.

I didn't get this part, "so on 1 Sept 2020, eur gbp was actually very tradable
because the US dollar was actually moving." - USD.CAD was not tradeable on this day and only EUR.USD and GBP.USD were? And what do you mean by USD was moving?
 
salamanderforex said:
Thanks for the interesting insight for pre-covid. I will post some charts at a later date when I get a chance to analyse my trades.

I didn't get this part, "so on 1 Sept 2020, eur gbp was actually very tradable
because the US dollar was actually moving." - USD.CAD was not tradeable on this day and only EUR.USD and GBP.USD were? And what do you mean by USD was moving?
More...

yesterday during the early US session,
eur & gbp & cad & gold ( & copper ) were all down, and US dollar was up.

cad trends to move very little.
in that sense, it was not that tradable.
 
Cable is the nickname of GBP-USD.

As I said, EVERY day is a good day to scalp Cable. And scalping to me means average 5-20 tick profits and 5-10 tick losses.
 
maxinger said:
Before Mar 2020, it was extremely difficult to day trade it due to its very poor day range.
Since Mar 2020, currencies are rather tradable.
More...

Forgot to say pre-march sounds like very sad times. I hope it doesn't return. A volatile market is just more vibrant.
 
salamanderforex said:
Forgot to say pre-march sounds like very sad times. I hope it doesn't return. A volatile market is just more vibrant.
More...

It happened quite a few times.
So learn to trade other things too.


year 2008 to 2009 was great for forex trading.
2012 was rather bad.
 
Last edited:
You must identify if you are gambling.... or not gambling

salamanderforex said:
Hi Forex Scalpers,

This question might be wrong all together but I need your ideas.

1- Do you have any bad scalping days where you don't see any trends or whatever you do doesn't look as amazing as you like so you get forced to set on the sidelines for long?

2- And if you do have those days, how many days would you say are good in a year and how days are bad like that for you?

Some might say trends don't apply to scalping as it's in and out by frequency. That is fine. I can hear that side as well.

Thanks,
More...
 
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