Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
EA - Thursday 31st after 9 21 am
continuation of comment above
If you took one sell and left one partial stake on - whether 30% or 25% or even 50% then you would have made say 12 -15 pips on first part and then be stopped out if you had put your partial stop in few pips of profit
If you had then sold again - this time you would have made at least 30+ pips from your scalp 70% or partial part
I only kept selling from the channel formed - mainly because I was not 100% focused and was not sitting around for 5+ hours - but still managed to get 3 more scalp sells in - making me easily over 130+pips with the partial stakes as well
However - if I hade been fully focused and chasing pips - instead of just making 50 pip or 100+ pips - you could have made at least twice that number
Here's the net results off the Scalps shown
S1 - 13 pips - S2 - 17 pips - S3 - 33 pips - S4 - 30 pips - S5 - 19 pips - S6 - 26 pips - S7 - 16 pips - - total 154 net pips after spreads etc just on sells
On scalp buys
B1 - 13 pips - B2 - 9 pips - B3 - 23 pips - B4 - 11 pips - B5 - 11 pips - last after 3 21 pm a buy - approx 58 pips in under 40 mins - total - 126 pips
Total 280 pips off a 65+ pip fall - some traders just don't get it - hopefully you will
I personally don't think you would get 13 scalps all correct taking 90% of the moves - not impossible - but not easy .
Instead - you should get 8 to 10 and at least 50% of total - so still over 130 pips - out of a 65+ pip move
PLUS
All the partial stakes on the earlier sells with stops in profits left on ;-)
This is what you should be looking for more in 2016
The session bias - ie the session meaning next 2 to 6 hrs - and then scalp bias with partials left on with the bias direction.
It makes such a difference to your results - and after all - that's what counts
Good Trading
F
continuation of comment above
If you took one sell and left one partial stake on - whether 30% or 25% or even 50% then you would have made say 12 -15 pips on first part and then be stopped out if you had put your partial stop in few pips of profit
If you had then sold again - this time you would have made at least 30+ pips from your scalp 70% or partial part
I only kept selling from the channel formed - mainly because I was not 100% focused and was not sitting around for 5+ hours - but still managed to get 3 more scalp sells in - making me easily over 130+pips with the partial stakes as well
However - if I hade been fully focused and chasing pips - instead of just making 50 pip or 100+ pips - you could have made at least twice that number
Here's the net results off the Scalps shown
S1 - 13 pips - S2 - 17 pips - S3 - 33 pips - S4 - 30 pips - S5 - 19 pips - S6 - 26 pips - S7 - 16 pips - - total 154 net pips after spreads etc just on sells
On scalp buys
B1 - 13 pips - B2 - 9 pips - B3 - 23 pips - B4 - 11 pips - B5 - 11 pips - last after 3 21 pm a buy - approx 58 pips in under 40 mins - total - 126 pips
Total 280 pips off a 65+ pip fall - some traders just don't get it - hopefully you will
I personally don't think you would get 13 scalps all correct taking 90% of the moves - not impossible - but not easy .
Instead - you should get 8 to 10 and at least 50% of total - so still over 130 pips - out of a 65+ pip move
PLUS
All the partial stakes on the earlier sells with stops in profits left on ;-)
This is what you should be looking for more in 2016
The session bias - ie the session meaning next 2 to 6 hrs - and then scalp bias with partials left on with the bias direction.
It makes such a difference to your results - and after all - that's what counts
Good Trading
F
