SUPPLY & DEMAND!!!

[Don_xyZ]

It is absoultely amazing at how much i suck at trading, outside of just trading patterns. You would think after all these years and all this chart time, I could win a few scalp trades. I *censored - swear word* hit 30 pip stops before i even get 10 pip profits, haha.

I see. There is really nothing wrong with hitting SL. It's part of the business, as long as you follow your trading plan to the T. There will be losing trades and losing days and it's always not pleasant when that happens. You just have to weather it. Trading is boring once you become highly efficient doing It because you know what to expect and what to do. if the result is good, good. If not, move on. I know this is easier said than done but ask everyone here and they'll tell you how it was for them. You just have to keep pushing forward.

[Don_xyZ]

It is absoultely amazing at how much i suck at trading, outside of just trading patterns. You would think after all these years and all this chart time, I could win a few scalp trades. I *censored - swear word* hit 30 pip stops before i even get 10 pip profits, haha.

Your mind isn't trained/conditioned to scalp. If you do train it you could mess up your other strategies.

Dude if you are trying to get 10 pips when scalping you are doing it wrong. Especially with a 30 pip stop. Sounds more like low timeframe swing trades.

IMO scalping is a sub 1R game. I do a combination of scalping and micro-swing trades (2R+)

If you catch 10 pips on a major currency take it. Learn how to see a profit a say to yourself "good enough, there will probably be more trades coming"

If you have a 3 pip to 5 pip SL you might grab 4 to 8 depending on how it looks. $400k FTMO risk about 70 lots then you'll grab $2800 to $5600 as an example. So $3500 average for 6 trades and -$3000 over 4 trades. Net $9000 with 10 trades and 60%.

Now the secret is out scalping isn't "Better" than swing trading.

I'd take a 5 pips trade or even 4 pips but only if the RR is worth it. But one thing I never take is anything with a reward less than 1R. That's just a bad deal for me though it might work good for other traders.

I took 50 to hundreds of pips and I still call it a scalp, off the Daily or the Weekly or Monthly candle. Depends on the perspective

I think the best strategy can be described as "the one that fits the user perfectly".

[aliassmith]

It is absoultely amazing at how much i suck at trading, outside of just trading patterns. You would think after all these years and all this chart time, I could win a few scalp trades. I *censored - swear word* hit 30 pip stops before i even get 10 pip profits, haha.

Your mind isn't trained/conditioned to scalp. If you do train it you could mess up your other strategies.

Dude if you are trying to get 10 pips when scalping you are doing it wrong. Especially with a 30 pip stop. Sounds more like low timeframe swing trades.

IMO scalping is a sub 1R game. I do a combination of scalping and micro-swing trades (2R+)

If you catch 10 pips on a major currency take it. Learn how to see a profit a say to yourself "good enough, there will probably be more trades coming"

If you have a 3 pip to 5 pip SL you might grab 4 to 8 depending on how it looks. $400k FTMO risk about 70 lots then you'll grab $2800 to $5600 as an example. So $3500 average for 6 trades and -$3000 over 4 trades. Net $9000 with 10 trades and 60%.

Now the secret is out scalping isn't "Better" than swing trading.

I'd take a 5 pips trade or even 4 pips but only if the RR is worth it. But one thing I never take is anything with a reward less than 1R. That's just a bad deal for me though it might work good for other traders.

I took 50 to hundreds of pips and I still call it a scalp, off the Daily or the Weekly or Monthly candle. Depends on the perspective

I think the best strategy can be described as "the one that fits the user perfectly".

Like I mentioned I'll take a profit even if the R is less than 1. The thing is I will also grab some greater than 1R trades that balance things out. In the end my profit factor moves around between 1.5 and 2.

If you are "scalping" the daily range, I think thats a very liberal use of the term.

Agreed that the best strategy is the one that works best for the individual.

[Mr. Hyde]

Your mind isn't trained/conditioned to scalp. If you do train it you could mess up your other strategies.

Dude if you are trying to get 10 pips when scalping you are doing it wrong. Especially with a 30 pip stop. Sounds more like low timeframe swing trades.

IMO scalping is a sub 1R game. I do a combination of scalping and micro-swing trades (2R+)

If you catch 10 pips on a major currency take it. Learn how to see a profit a say to yourself "good enough, there will probably be more trades coming"

If you have a 3 pip to 5 pip SL you might grab 4 to 8 depending on how it looks. $400k FTMO risk about 70 lots then you'll grab $2800 to $5600 as an example. So $3500 average for 6 trades and -$3000 over 4 trades. Net $9000 with 10 trades and 60%.

Now the secret is out scalping isn't "Better" than swing trading.

I'd take a 5 pips trade or even 4 pips but only if the RR is worth it. But one thing I never take is anything with a reward less than 1R. That's just a bad deal for me though it might work good for other traders.

I took 50 to hundreds of pips and I still call it a scalp, off the Daily or the Weekly or Monthly candle. Depends on the perspective

I think the best strategy can be described as "the one that fits the user perfectly".

Like I mentioned I'll take a profit even if the R is less than 1. The thing is I will also grab some greater than 1R trades that balance things out. In the end my profit factor moves around between 1.5 and 2.

If you are "scalping" the daily range, I think thats a very liberal use of the term.

Agreed that the best strategy is the one that works best for the individual.

Haha, what i meant with the 30 pip stop and 10 pip profit was my other trades. If i try sclaping i use 8 to 15 pips. No idea how you guys use 1 to 5. Trading has just sucked for me lately and trying to learn something new turns me into a whiny bithc. But i appreciate all the help guys

[Mr. Hyde]

So first trade I was thinking short. We were at resistance, zline, dragon line, Order blocks, candlestick pattern evening star, you freaking name it, it was screaming short. So I went long and ran the highs. Yay gold star for me. After running the highs we formed a ICT reversal from the mentorship program and had multiple FVG for entries. But kinda bullish bias so only half a trade for now. Lets see.

GBPUSDM5.png (31.59 KiB) Viewed 1268 times

GBPUSDM1.png (29.76 KiB) Viewed 1268 times

[aliassmith]

So first trade I was thinking short. We were at resistance, zline, dragon line, Order blocks, candlestick pattern evening star, you freaking name it, it was screaming short. So I went long and ran the highs. Yay gold star for me. After running the highs we formed a ICT reversal from the mentorship program and had multiple FVG for entries. But kinda bullish bias so only half a trade for now. Lets see.

GBPUSDM5.pngGBPUSDM1.png

Entering on that M1 chart you had many opportunities to use a 2 to 5 pip SL. How much did you grab...... 12pips?

Risking $1000 a pip you already have $12,000.
Now its time to close the store
OR,
$1500/pip on the next couple trades

[Mr. Hyde]

So first trade I was thinking short. We were at resistance, zline, dragon line, Order blocks, candlestick pattern evening star, you freaking name it, it was screaming short. So I went long and ran the highs. Yay gold star for me. After running the highs we formed a ICT reversal from the mentorship program and had multiple FVG for entries. But kinda bullish bias so only half a trade for now. Lets see.

GBPUSDM5.pngGBPUSDM1.png

Entering on that M1 chart you had many opportunities to use a 2 to 5 pip SL. How much did you grab...... 12pips?

Risking $1000 a pip you already have $12,000.
Now its time to close the store
OR,
$1500/pip on the next couple trades

I did use a 5 pip on the top entry and grabbed 6R. Ill get there eventually. i might drive all you insane, but ill get there

[aliassmith]

So first trade I was thinking short. We were at resistance, zline, dragon line, Order blocks, candlestick pattern evening star, you freaking name it, it was screaming short. So I went long and ran the highs. Yay gold star for me. After running the highs we formed a ICT reversal from the mentorship program and had multiple FVG for entries. But kinda bullish bias so only half a trade for now. Lets see.

GBPUSDM5.pngGBPUSDM1.png

Entering on that M1 chart you had many opportunities to use a 2 to 5 pip SL. How much did you grab...... 12pips?

Risking $1000 a pip you already have $12,000.
Now its time to close the store
OR,
$1500/pip on the next couple trades

I did use a 5 pip on the top entry and grabbed 6R. Ill get there eventually. i might drive all you insane, but ill get there

GBPUSD already had several opportunities with 2 pip SL

[Mr. Hyde]

Entering on that M1 chart you had many opportunities to use a 2 to 5 pip SL. How much did you grab...... 12pips?

Risking $1000 a pip you already have $12,000.
Now its time to close the store
OR,
$1500/pip on the next couple trades

I did use a 5 pip on the top entry and grabbed 6R. Ill get there eventually. i might drive all you insane, but ill get there

GBPUSD already had several opportunities with 2 pip SL

Let me get used to a 5 pip stop. When you use a 2 pip stop, how do you even do it. Just wait till its at an extreme or beyond, place the trade and hope it doesnt sneeze the wrong way and take you out?

[Mr. Hyde]

Alright. 4 pipper. We ran the lows. Then market structure shift and FVG. Lets see