Those in Skype instant messaging group please PM me again. Seem to have lost some names. The group will be called "ZoneTrade Group" being both a momentum and breakout system. We shall also attempt to keep history on messaging on website blog sothat ...

Daytrading/scalping with high leverage - my proven strategy

Not always When I enter a trade my trading software sets a 12 pip stop which I move quick as poss But at the same time I don't lose 8 pips. The important figure for me is 8 pips gained in 3 % to account

Daytrading/scalping with high leverage - my proven strategy

I calculate lot size on 8 pip stop and 3% risk. So each 8 pips gained is 3% to account

Daytrading/scalping with high leverage - my proven strategy

Also I think with trend scalping anything up to 1.2/3 pips is manageable The plus using commission based account is that is a trading expense and so tax deductible On a larger account this has significant advantages

Daytrading/scalping with high leverage - my proven strategy

Currently USDJPY is 0.4 spread plus 0.5 pip commission = 0.9. It is not 0.5 commission both ways

Daytrading/scalping with high leverage - my proven strategy

That is why I use Pepperstone and opened an account with Excel markets.

Daytrading/scalping with high leverage - my proven strategy

Pics are actually true to today's weather, although it is clouding over. Do you not trade Asian session?

Daytrading/scalping with high leverage - my proven strategy

Enjoy your summer break

Daytrading/scalping with high leverage - my proven strategy

Done and dusted in less than 1 hour? What to do with the rest of a Queensland day -- where it is perfect on day, beautiful the nest image image image

Daytrading/scalping with high leverage - my proven strategy

For me I now only need 5 more pips to make target 5% for the day. We dont need to take every trade, but be selective and take the least risky. Chasing large numbers of pips on small accounts eventually will burn you out, especially on the 1 min ...

Daytrading/scalping with high leverage - my proven strategy

Easy 7.5 pip and just under 3% to account for getting up in morning Reason to jump in was seeing at same time the slide on EIRUSD When taking sensible trades during Asian session the risk is minimal. image

Daytrading/scalping with high leverage - my proven strategy

Congrats

Daytrading/scalping with high leverage - my proven strategy

I only trade the AU when its parity or above. All other times it depresses me

Daytrading/scalping with high leverage - my proven strategy

That is the hardest thing sometimes is to risk pips in the retrace for a larger gain.

Daytrading/scalping with high leverage - my proven strategy

I have tried trading two and even three pairs, but have found that I really cannot keep up with it as a scalper. The 1min chart on a live account is tough going even for the best traders. And guys, it is good to have a rest between trades waiting ...

Daytrading/scalping with high leverage - my proven strategy

Anybody interested in a skype group please PM me for details. There is still much to develop and tweak so please, only those who want to help make this system better and more profitable.

Daytrading/scalping with high leverage - my proven strategy

Great trade. Can you share what gave you the confidence to stay in the pullback (retrace)?

Daytrading/scalping with high leverage - my proven strategy

The latest UJ signal may work out Ok, but under my system rules it is not a trade. In theory the trade signal is still the previous signal.

Daytrading/scalping with high leverage - my proven strategy

Notice there was a signal short just before the news. I am working on something that excludes using the TMA5 to enter sooner

Daytrading/scalping with high leverage - my proven strategy

Hope you are not taken my pips! But this pair has been very good to me today and tonight!

Daytrading/scalping with high leverage - my proven strategy