Forex Trading - Ultra Short Term Scalping
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Uploader Comments (BKTraderFx)
All Comments (4)
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you said to trade at 1.4279 with TP 5 pips and SL 10 pips. on your chart this trade would give you about 3 loses (30 pips) and 1 win (5 pips)
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Burger King Trader
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Right, and then how much would I've made if I sold @ 1.44 and buy at 1.42. Easy to say after the hi & low of the trend is made. Anything can happen in between this trend.. it could shot back up and then turned profits into loss. Like he said trades like this will require preparation. I knew news was coming out and I scored big, not by getting in @ 1.44 and out @ 1.42, but by hitting levels between and compounding on the trend. Had over 200 pips
which is greater than just a 1.44-1.42 trade.
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Sure, maybe this way of trading will make you some money. Will also make your broker a ton of cash too. How much more would I have mad if I just sold @ 14300 and did not pay all those spread pips on the way down to 14200. Play the trend. The short scalps are for ups & downs. (short swings ie. 30 pips). Why pay spreads on downward trends?
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Two totally different approaches. This is a very controlled risk approach whereas trend trading requires much wider stops. Looking in retrospect its always easy to say trade the trend but in real life its much harder than you think.
BKTraderFx 2 years ago