Exactly right... — You are right, that volatility can be a "killer". I'm still thinking about these results. I did have some large pip losses recently (Nov. 23) which affect the net pips gain/lost number. Even factoring out the largest pip ...

Profitable Scalping for the Retail Trader

Suggestion... — You really need a site that specializes in tracking performance. It will make your life so much easier, as well as examining strengths, weaknesses, true risk, draw down, etc. Two or six months from now, you will be asking the ...

Maths help needed pls...

Conclusion... — I think the safest conclusion, without altering my methods too much, is that any trade not in profit after 3 minutes should be closed. The risk is not worth the reward after that. I have 170 trades that show only 25 pips net ...

Profitable Scalping for the Retail Trader

Next... — I did some quick math and I had 219 trades less than 3 minutes in length. Of those trades, 86% were winning trades. At this point, 55% of all my trades are less than 3 minutes in length. I wanted to examine these stats in a way NOT ...

Profitable Scalping for the Retail Trader

Examination of my trades... — (as of Nov. 26, 2010 393 Trades Total) I already knew that most of my trades are very short in duration. I decided to take a look more closely. This is not a post to brag or tout my expertise. I did some ...

Profitable Scalping for the Retail Trader

Simply... — "The REAL lesson most investors should take away...is that competition in the global financial markets is so intense that it's basically idiotic to trade." -from article Mom and Pop, Uncle Joe, and your cousin Carl... they should ...

Article: Intense competition makes it "basically idiotic to trade"

Basically... — A breakdown is imminent... The dealer is probably getting more orders to sell EUR/USD, they could even been long at prices not favorable already. Their only hope is to use the London session close, as people cancel orders and ...

Profitable Scalping for the Retail Trader

Run the Stops! — The next few minutes... edit: The London session close is 12pm EST, this period is more near the London Stock Exchange close.

Profitable Scalping for the Retail Trader

The near future... — A little later, on the 5 minute time frame...

Profitable Scalping for the Retail Trader

Now... — Where is the resistance?

Profitable Scalping for the Retail Trader

A sequence of charts from today... — I pieced this together tonight, I didn't screen capture this morning. I did trade this area, but not very well. It is classic pre-London session close "stop-running". Darkstar's market mechanics, and FTI's ...

Profitable Scalping for the Retail Trader

Thanks King Singh! — Thanks for the kind words, King Singh... Though I'm not the greatest writer, I have tried to share the things that have shaped my thinking lately. Good Luck to You!

Profitable Scalping for the Retail Trader

because of bbmac's post... — let me introduce this post- this is discussed in Ronald Raygun's Coin-Toss strategy thread... but I don't want to add a lot of new information, ...just this, Regardless of the markets tested, the facts above remain ...

It's kind of curious...the war between price and indicators

Simply... — Note: I am not a tax professional, and any advice found on the forums can be incorrect. You have capital gains of $6078 ($6578-$500). Oanda does not withhold taxes, and they only report interest payments over $10 USD paid to you. ...

Forex Taxes

Mack is teasing you a bit. See my chart below. This is me scalping for almost 6 months, with no plan (see Craig's post above) and worst still, no discipline. It is not alright to lose more than 10% of account balance in one day. The market is ...

Compounding my losses

Hmmm... Perhaps.... — I get what you're saying, I'm definitely open to what you have suggested. It makes sense. Clik on Duration to sort by duration...until you get the 0 (Zero) second trades at the top, then clik History pages 12-15. He has ...

Coin-Toss Trading Strategy

Slightly off-topic... — I like to attempt to "debunk" results if I think they are suspect. As for the two EAs mentioned briefly, I really don't think they address the question that RR initially posed. As for SuperScalper- url These are most ...

Coin-Toss Trading Strategy

Wow... — Good discussions, and some good contributions (I'm a fan of 7Bit's current work)... Can we use this? - url with- 95% of the time, Price will close above or below its Opening price. Less than 5% of the time it will close at its ...

It's kind of curious...the war between price and indicators

I like CrucialPoint's posts, but... — Let me begin with I have no desire to start a discussion/debate/war/argument with CrucialPoint. I think his thread is phenomenal and a great contribution. Everyone should read it, and take from it what ...

It's kind of curious...the war between price and indicators

Post a link?... — There are some smart people here who can "debunk" the fraudulent systems/EAs... Post a link perhaps? Obviously, things you would like to consider is drawdown, number of trades, risk/reward... proper risk management, etc. ...

How do you know the EA is real or not?