Nice morning on Forex now so far ....again cable my go to pair.....Swissie was a sweet buy but why take second best ?
tried to give a little insight here in this chart .....notice the bull fake play from 6am by Cable then settled into selling ......
i actually couldnt get in from 3020s which stepping back now was crazy slow.....but my actual trigger charts just werent telling me to play.....they keep me out of a lot more trades than missing sucessful ones so no complaints
(something that a consistent trader must follow or fail)
anyway no harm done ....ive had 2 decent zones to scalp ...first was a little tight ......only 2 x 5-8 pip scalps ...then second one was a cracker ......70 pip drop zone ...including a 60+ pip scalp move that opened up nicely .......and another 5-8 pipper ......1 fail so far ............so no complaints
scalping is hard....but the only way to make serious money trading with small accounts ......5 pips is a max stop for me off off 2% bank.......do the math on a 60 pip winner......thats how you start to make decent % returns per week / month / year etc ..........
but its bloody hard and will take years to find decent strategies ......plus you have to be at the screen of course ...i cant really EA what i do (god ive tried over the years with some great programmers)......as still too much "discretionary" decision making coming from me ......
good trading
N
update 12:35
following on from earlier .....i didnt chase cable north ......again discipline ...i felt it would come back .....lucky me ?
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