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Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
CHART Reading for serious traders 453 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
NITRO Variations for Open-minded Traders 290 replies
DislikedI did an FF search for the FX Fish indy and I'm not sure I found the same one you guys are using but if it is not repanting it sure is giving interesting signals!Ignored
DislikedNice Dave, I also just made +13 on EY, got it on a pullback so got a few extra pips.
Not fishing anymore, the fish keep changing colors.Ignored
DislikedHi 4xStar.
I am noticing that even though I am making my regular 7 pips the price usually pulls back about 10 or so the minute I hit the button. Have to look at it a little closer as we progress, waiting for the pullback would increase the t/p but how many runaway trades would we lose out on??Ignored
DislikedMy original plan was to trade the Nitro strategy on a demo account until I was consistently profitable and then switch to a live account and trade mini lots until it proved itself to be as profitable. Having made the move to an existing live account, I want to make some observations that directly affect scalping and use of the Nitro strategy.
First some live feed info:
Broker 1 - Demo Account (Dealing Desk)
Data feed seems to be unfiltered as tick chart shows significant activity during normal trading hours for all currency pairs.
EURJPY -...Ignored
DislikedThanks for these tests...i'm trying an ECN demo account too...but in demo i can't see big differences between ecn and non-ecn (except for the commission on every trade)...but i think in live account we can have really troubles if we don't have a fast and reliable broker...Ignored
DislikedBrokers who look down on scalping are typically doing things away from the "norm" imho. In the case of scalping, you want to be aligned with the broker that has no problem with scalping whatsoever and typically that would be an ECN broker that also charges commission - you bring them more business and commissions since scalping naturally requires many trades. Dealing desk may not at first look down on you at scalping since they dont know if you'll be profitable long term and trade against you, hunt down your stops if they are tight,etc... With...Ignored
DislikedBTW,
If you have been a victim of stop hunting with a US broker and you have valid proof, pm me as I know someone who is seriously looking into this issue.Ignored