Just did 2 mini sessions today - purely for "interest" or "educational" benefit based on 10 pips asking how to trade fast ( i dont class it as scalping) and post etc. This is pretty much my set up with my other info on a 2nd monitor. The 2nd monitor gives me all the volume information I require etc (even though I was told by piphoe that its irrelevant :cheesy
And also maybe to create debate with regards to calling turning areas etc, as much is written about what can and can’t be done.
IE – what is a turning point, what time line, by how much etc???
Crossed off the amount, but its irrelevant as you can see entries anyway but the purpose is application rather than the result.
My personal belief is that the further you move away from a second chart, the harder it is (just my personal view - others are welcome to their own). Why? Intraday price is all about here and now; if you offer a deal to someone, you want to know if they want it NOW, not give them a day to think about it, if you get my drift.
I take trades of 20 secs charts - off the pulse of price flow. Idea to be in the market as little time as the market wants me to be in.
Yes DT made a comment of trying to "fade" the market, and at times I will get low ticked like yesterday, but other times its good for a decent move. All swings in roundabouts. My last trade today came all out (even tough Im sure I whacked 1 lot at 40???) anyway that’s how it goes, nothing is perfect. But stops must be used trading this way, too many stop outs means we need to perfect the entry technique further, but it can be done.
Lots of talk about how many pts we make etc – to me personally its not relevant unless im trading at full size, thus the account benefits from these pts accumulated.
Total time in the market 25 mins - £ s relevant to the individual.
Just posting this for an alternative view. Many men, many many many methods.
Just waiting for a vendor attack lol