LOL, the fact that you even mention 100% accuracy is laughable. Try considering execution issues & slippage next time. Leaving out all the special trick trading which has been phased & milked out over the years, I think position style (intraday or swing) is better. I'm not against scalping however, at times, scalping is the way to go. But overall, the ability to place smart trades and giving them time to take its course without being glued to the screen is much more beneficial & more intellectually involved. Unless you are running a black box, I don't see scalping being superior. 5-10 years ago, yeah, I think scalping was superior.
Yoohoo............don't feel bad now.......i just checked in here and see how you gave up the eminis as u now tout the fx.......another emini intraday failure.......don't feel bad you are in a group that includes some of the best professional minds in the world..most all fail...best wishes with fx.....
Hi Jack.......your post was very long and very good for those who know this.........buy dips sell rallies with trend/channel /run......your post could mean those 6 words say it all.....are we giving away the gold? eminis only...
Think you misread. The rest I've no beef with. Might be my fault for misdescribing my micro trading as scalping, especially as it can run into major intraday swings. But entries are often taken below the 1 min level.
Thanks for your best wishes shooting star. I don't think I'd make it in to any group that comprises the best professional minds in the world lol so don't over rate me. Can't wait to see some great posts from you, you're obviously a cut above me and I will gladly sit at your feet ...so how about making some genuine contributions and helping us failures out?
Well, been waiting for a quality contribution from shooting star but seems he burned out. Beats me how anyone thinks one market is that much different from any other. Same PA signals, same S&R, same old same old. So no point in "touting" any market. Anyway, what I do want to bring out is that a scalping style within a bigger picture (letting the trade run) has been perfect for trading this market. However, you need to know where the key entry points are or you can get whipped to death. The moves are huge by comparison to what we have been used to and a lot of the PA is mushy, overlapping bars, so boxing clever is the name of the game.
Yes because it can be done just using the Dom T&S but I don't trade that way. One timeframe is perfect if you are only interested in a few ticks/pips but if you are looking to let a poition run, something that pays big rewards now, then imho several timeframes help ascertain when to hold for big scores. At the moment in Fx the 1 min bars can be mushy overlapping low quality stuff so bigger timeframes allows you to ignore the noise until better quality structure appears.