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PTL Scalps

  • Post #1
  • Quote
  • First Post: Jul 30, 2017 2:48am Jul 30, 2017 2:48am
Just a place to post, and keep track of some scalps....
Look Sharp/Trade Tight
eyes on UJ, GJ, and AJ today....
Look Sharp/Trade Tight
  • Post #3
  • Quote
  • Edited 9:06am Jul 31, 2017 2:14am | Edited 9:06am
110.87 where I'm looking in the yen, decent looking level, maybe not the best, but it fits my criterion, so's I'll try it

prolly best to consider this area test this morning, so I'm out...
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Look Sharp/Trade Tight
  • Post #4
  • Quote
  • Edited Aug 1, 2017 2:40am Jul 31, 2017 3:20am | Edited Aug 1, 2017 2:40am
Had 129.95 on EJ, which just got tagged, but I discarded it as a lesser level, however I'd like to make a note of it none the less...

worth quick 10-15 pips, noted..
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Look Sharp/Trade Tight
will try 7475 in the kiwi if the chance presents...
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Look Sharp/Trade Tight
  • Post #6
  • Quote
  • Edited 7:59am Jul 31, 2017 5:57am | Edited 7:59am
non qualified level in cable, again talking notes on its behavior...

+10 reaction noted
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Look Sharp/Trade Tight
Quoting PayTheLimit
will try 7475 in the kiwi if the chance presents... {image}
missed that one..
Look Sharp/Trade Tight
GJ, good looking level, but pretty far away...think that's all that's left today, AJ is even further away...
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Look Sharp/Trade Tight
  • Post #9
  • Quote
  • Edited Aug 1, 2017 12:37am Jul 31, 2017 9:14am | Edited Aug 1, 2017 12:37am
lesser level now created in NU...again, just posting these to keep some notes on them, maybe they are feasible...

marking this one as a loss..
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Look Sharp/Trade Tight
Quoting PayTheLimit
Just a place to post, and keep track of some scalps....
PayTheLimit, how are you able to successfully keep your nerves in check? I've had a couple scalps that I've taken reverse on me, which I've then held until they reach slightly above BE, and closed the trade for a slight profit, only to see the price action run in the direction I originally thought it would.

Are you entering your trades either expecting to hit your predetermined TP or SL, with no exceptions?
Less is more
Quoting ScalpTaker
{quote} PayTheLimit, how are you able to successfully keep your nerves in check? I've had a couple scalps that I've taken reverse on me, which I've then held until they reach slightly above BE, and closed the trade for a slight profit, only to see the price action run in the direction I originally thought it would. Are you entering your trades either expecting to hit your predetermined TP or SL, with no exceptions?

You have to have an out my friend, cause one of those times a trade never comes back, then you got problems. Always have an out.
Look Sharp/Trade Tight
Quoting PayTheLimit
{quote} You have to have an out my friend, cause one of those times a trade never comes back, then you got problems. Always have an out.
My first account was blown because I never placed a SL (I was a newbie trader who thought they knew everything), but now I'm worried that I place my stops too close and get hit too often. When I scalp I aim to rake in 5 pips, using a 10 pip SL. I'm wondering if this is too tight?

How do you determine the amount of risk that you are willing to take on when you scalp?

(Not trying to hijack your thread, just asking a question about your trading method )
Less is more
Quoting ScalpTaker
{quote} My first account was blown because I never placed a SL (I was a newbie trader who thought they knew everything), but now I'm worried that I place my stops too close and get hit too often. When I scalp I aim to rake in 5 pips, using a 10 pip SL. I'm wondering if this is too tight? How do you determine the amount of risk that you are willing to take on when you scalp? (Not trying to hijack your thread, just asking a question about your trading method )
Tough question. With that type of risk/reward ratio you are going to need to be right a hell of a lot. But that's fine. I'm afraid there is no correct answer, you are going to have to see what type of results you can produce going forward. My two cents, start small, and don't overtrade. Less is more, like you say, over the long run.
Look Sharp/Trade Tight
Quoting PayTheLimit
GJ, good looking level, but pretty far away...think that's all that's left today, AJ is even further away... {image}
missed
Look Sharp/Trade Tight
  • Post #15
  • Quote
  • Edited 8:52am Aug 1, 2017 12:16am | Edited 8:52am
decent level in the AUD....
-10
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Look Sharp/Trade Tight
another non qualified level hit, and another plus 10ish...
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Look Sharp/Trade Tight
  • Post #17
  • Quote
  • Edited 4:02am Aug 1, 2017 1:44am | Edited 4:02am
another one in the swiss that doesn't fit the mold...

miss
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Look Sharp/Trade Tight
  • Post #18
  • Quote
  • Edited 8:52am Aug 1, 2017 2:12am | Edited 8:52am
7475 in NU, sames as yesterday, don't make the grade today, binned for observation...

-10
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Look Sharp/Trade Tight
145.17 fits the bill on GJ...
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Look Sharp/Trade Tight
NQ 3-1
Look Sharp/Trade Tight
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