Quick question for the newbie Forex scalpers

Discussion in 'Forex' started by Trankuility, Jan 12, 2015.

  1. not much of a scalper, but correct me if im wrong, exeutions speed, spreads, slippage, theses aresome of the things scalpers look out for, but I suggest venturing into swings and position trades, its a good long term strategy.
     
    #21     Jun 11, 2015
  2. barcadia

    barcadia

    I'd say the biggest struggle is the market moving the wrong way after the trade is placed.

    edit: lets try a realtime effort, long on the 5min bullish candle
    http://fxpro.ctrader.com/c/7D4yn
    [​IMG]
     
    Last edited: Jun 11, 2015
    #22     Jun 11, 2015
  3. Turveyd

    Turveyd

    Long on that chat nuts, might of worked that time but odds are against it, better to join short near the high, exit on turning up then look for longs.
     
    #23     Jun 11, 2015
  4. barcadia

    barcadia

    short or long here on eurusd?

    [​IMG]
     
    #24     Jun 11, 2015
  5. Turveyd

    Turveyd

    No direction, stay out.
     
    #25     Jun 11, 2015
  6. barcadia

    barcadia

    looks short to me, but will take your advice
     
    #26     Jun 11, 2015
  7. Turveyd

    Turveyd

    It might but is 50/50 to me so just gambling.

    M1 guy jumping on GbpAud on the up move for scalps here.
     
    #27     Jun 11, 2015
  8. Turveyd

    Turveyd

    Trying to work out how those 2 did for us!!

    no.1 did turn up, wasn't worth a lot, short SL would of hit.

    no.2 stalled and reversed, enough pips I guess, higher low there.
     
    #28     Jun 11, 2015
  9. pinfire

    pinfire

    Short SL will be hit most of the time. I think we should wait for formation of a little range that happens daily and then work on hedge along with support and resistance
     
    #29     Jun 12, 2015
  10. jhehe

    jhehe

    I see that you entered long here. I assume the long lower wick is a first sign of a sell off exhaustion and assuming pairs won't be trending nearly as much on a much lower time frame?
     
    #30     Jun 14, 2015