Hmmm...firstly folk don't scalp for 20-30 pips with 25 pip stop. A 30 pip profit can often take hours to realise and I'd suspect it's generally off a 10/15 min TF. In my experience true scalpers look to close within minutes for 10 pips with a similar stop and there are guys I know of (using 1min tfs) that do a very good job trading the Euro..Not my thing but they'll take perhaps 20 very selective trades in a day once their indicators trigger and nearly always have pip positive days. 15 winners ( a few of those b.e.), 5 losers = 50 pips...
You may be surprised how *stable* most pairs are, it's actually rare to get shaken out of a trade by a constant random 30 pip movement, I'm often stuck in ranges of 10/15 pips for an hour or two..and if there were constant random 30 pip movements have a long hard think what we'd all be doing...😉
Secondly, if your entry/edge is consistently good enough then a 25 pip stop loss is perfectly adequate and not as you state "ridiculously small". In point of fact my recent losses (on my day-trades ) is circa 17 pips with a 25 pip stop loss and at the stage that I puke (off a 10/15 min TF) 9 times out of 10 it indicates to me (on day trades) that the trade has failed and it could be time to reverse the trade direction. Fellow traders actually reckon my stop is in fact too wide at 25 and it could be be tighter...
Thirdly I do occasionally suffer from delusions, but never were trading is concerned...😉
MMM , not delusional hey, let's go through this step by step hey!
😎
Firstly, you define scalping differently to me, who cares what you call it..does not change my point.
Secondly, eur/usd can easily have a daily trading range of 150 to 200 pips, 30 pips is insignificant and does not mean anything. Your statement that it is "rare to get shaken out" lacks substance.
thirdly, and I must qoute this one...this says it all.... "I'm often stuck in ranges of 10/15 pips for an hour or two"....bud, mate, bro, brother
😏.....after an hour ( not to mention two hours) the reason for you entering your short time frame trade is no longer there and you're riding lady luck all the way to the bank!!
And Finally, there are hundreds, if not thousands of COMMERCIAL reasons why banks, hedge funds, FTSE 100 companies and the rest are buying and selling currencies all the time during the day, and I doubt very much that your m5 and m15 charts can ever anticipate the affect this has on the short term price of currencies. You are a grain of sand in the universe trying to predict what will happen on Jupiter through your broadband line while sitting in your gown!
😛
Simply, you are delusional to think that you have or can master this short term RANDOM intraday movement in currencies continually. Step back a bit and look at the bigger picture, maybe 4hour,daily and things become a lot more clearer, but 25 pip stops don''t cut it in that world.
I think you would be seriously narcissistic to lead others to believe that they could day trade currencies, some can and you may but this is the exception. You have over the last week posted "trades" and been commenting on how easy it is!! If you can't post it live then don't post it...
