are you stating with tight spread scalping is more easier than position(swinger?) trading? <-- what im trying to say is u can always spot scalping opportunity 24/5
u can scalp all markets trending,flat,ranging
if it's too damn flat like christmas use 5second chart to scalp lol
i will trade swing/position when i have fat accounts...oh with no SL
Hi Todd. I used to trade Hans for the years 2005-2006 with great results. However since Feb 2007 it is in drawdown.
On the other hand I do recommend the Fozzy method. Now I am also testing another method, called daily 20 pip.
Thanks God, i made lots of cash from hans in 2006, and now, although I lost some money on hans in 2007, yet, I recovered them using Fozzy, and SIBKIS.
Now, I am using a protofolio of 4 systems together.
you can check my live results on my site.
By the way, the daily 20 pips seems to be a nice consistent system with a high winning ratio. Best of all, its a FREE system !! People who share these kind of systems for free are real heroes. You can find about this system from their site -> Daily20pip official Site
If you are too lazy, the author gives free signals daily on his site
Mama mia! what the hell did you wanted to say here? I got no clue, because your english doesn't make any sense
sorry if my english isn't too good, especially if compare with native, and more particularly with england people.
just tell what you didn't understood.
Good thoughts BossXero !
dayTrd, scalping or even scaling are to be compared with F1 ; you do NOT start driving an F1, you start with F3 or whatever : that is one of the quaility a trader need to have, that s a pre-req! and it s called Patience! >> if you cannot watch a position develop, which means taking time to understand what is happening, then if you want to start scalping you are just living in "random city" / you bound to lose. Trading for a living is possible : but what the pros dont say is that when they scalp, scale or so they also keep some positions Long-term, bcz they know it is this one they will play around with or this one they will get the most from ! By "playing around with" i mean protecting it : when u have a swing or a LT posi° you manage it, you hedge it even! (only hedge when u in profit, rule #5)), you play around...although it s not a play....thus short term techniques are for people who understand the markets "perfectly" (way of saying) : know why u enter a trade, if you dont, stay in cash, understand what s behind the "price zone", understand why you have put the trigger, when you will exit and why you will....understand your strategy : this why you can t buy a strategy, nor a system, because this is you! not the guy trying to sell his c*** to you : psycho. is #2 pillar in trading.
As for account : what happen when you enter a trade? >> you also enter a statistical run, or serial, call it as u wish : you think the stat run will spare you, noway! you are part of it, or you dont trade! that is why losses are part of the business and small accounts are bound to fail, as well....anyone saying otherwise has been part of an extrem lucky stat run, but long term will prove him wrong ... as it always has. If you start with a nice account size and a good system (that mirrors your expectations and features) you have the "chance" to weather the storm ... think "tidal wave", keep this image : you measure its strength only when it s up on you....too late ))
now drawdown : like we said they are part of the game ... "tidal wave" again ... limit them >> more than trading books, buy stat books, physics and so on, you ll understand what neg streaks are.
Indicators : BossXero said it ... i want to add : if you understand risk and position mangement you will need one or two....trust me they all come back to the same thing.
simple things work best ; BUT you need to treat them as a Pro ; to do this you need to understand simple things can be complicated for us, human beings : example : no trader can understand completly what fibonaci's are untill he/she s been into quantic physics or so....do NOT just read what you find on the web abt Fibo's ... fibo's are part of something bigger than this ; that s what i mean by "simple complicated things" ... life is a paradoxal entity, why would trading escape this rule ... all of us are in direct contact with a swarming chaotic universe ... can you pick your run? ))
good luck to you all
Excellent post exni. I have always thought of the market as a chaotic random market, but one should always know how to deal with that.
i read a lot of stuff that are scaring me here on this post ... like people are really sure of what kind of startegy should be applied ... they gonna learn the hard way, that s too bad. I hope they wont suffer too much damage--
You think! LOL....