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- Ho Lee Foo replied Dec 5, 2005
Ask yourself why it is that scalping is so attractive to beginners? All beginners lack understanding, with experience most move away to different trading styles, if they have any capital left. If you are happy to let the market keep the baulk of the ...
- Ho Lee Foo replied Dec 4, 2005
I'm well aware of the scalper's style, that's why I'm questioning it. Especially when dealing with FX, you haven't explained why you intentionally go for small pips. As you said, some of your trades could easily have turned into loses, sounds like ...
- Ho Lee Foo replied Dec 3, 2005
A little disappointed? I'd be alarmed! 52 trades and a net 48 pips???!! So you averaged less than a pip per trade! Why intentionally chase so few crumps from a market that has a lot more to give? The scalper's approach to FX seems floored to me.
- Ho Lee Foo replied Dec 2, 2005
I was refering to demo account log posted on a previous post, if trading ES, emini SP500, $6k in the account wouldn't be sufficient margin to cover the 9 contract per trade demonstrated, I forget what IB requirements are exactly, but $6k would cover ...
- Ho Lee Foo replied Dec 1, 2005
With IB you'd need more than 6k to trade the 9 contracts as in displayed in demo account example.
- Ho Lee Foo replied Nov 30, 2005
I see my profit goals differently, never in % On emini Russell all I want is 2 points per day or more, 20 ticks. Two points is only $200 on one contract. Oh dear! At 10 points per week, one contract, that's $1000. Oh dear! But say you gradually ...
- Ho Lee Foo replied Nov 30, 2005
If we are loners it's because we didn't think much about the crowds we were with. Few people bother to wonder if things might be alot better, so they stick with the crowd, those of us who thought we were selling ourselves short, now find ourselves a ...
- Ho Lee Foo replied Nov 30, 2005
Stock market has upward bias currently, ever since the first week end of Iraqi Fleecing, but 2001 and 2002 were very easy years to short, the market made bigger moves off the edge. Maybe we will enter such conditions soon. I use candles for both ...
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