Scalping - no trend days

Discussion in 'Forex' started by salamanderforex, Sep 1, 2020.

  1. maxinger

    maxinger


    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.
     
    Last edited: Sep 2, 2020
    #11     Sep 2, 2020
  2. trader99

    trader99

    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.
     
    #12     Sep 2, 2020
  3. AbbotAle

    AbbotAle

    If you choose the right market, like Cable, there are NO bad days to scalp.

    EVERY day offers 5-10 excellent trades.
     
    #13     Sep 2, 2020
  4. What is "Cable"?
     
    #14     Sep 2, 2020

  5. 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?
     
    #15     Sep 2, 2020
  6. maxinger

    maxinger

    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.
     
    #16     Sep 2, 2020
  7. AbbotAle

    AbbotAle

    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.
     
    #17     Sep 2, 2020
  8. Forgot to say pre-march sounds like very sad times. I hope it doesn't return. A volatile market is just more vibrant.
     
    #18     Sep 3, 2020
  9. maxinger

    maxinger

    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: Sep 3, 2020
    #19     Sep 3, 2020
  10. You must identify if you are gambling.... or not gambling

     
    #20     Sep 7, 2020