It varies. I hold until it starts to turn against me. This means I often close positions which would have been far more profitable had i held. I always close out and wait for the next chance. I try not to make any loss so today had about 85% wins but sometimes only making $20 on the trade. If it hasn't gone up a few minutes after I enter then I am looking to exit at whatever I can get. Am up $6500 on the day, but nerves are shot now so going to stop. The thing about scalping it needs constant screen time. I don't scalp silver simply because the spreads kill it, but EUR-USD is 2-2.5 pips for me so is ideal.
Gold calls.Long term -medium term and intraday calls in gold is here !.
- Thread starter sujithsstorock
- Start date
- Watchers 330
It varies. I hold until it starts to turn against me. This means I often close positions which would have been far more profitable had i held. I always close out and wait for the next chance. I try not to make any loss so today had about 85% wins but sometimes only making $20 on the trade. If it hasn't gone up a few minutes after I enter then I am looking to exit at whatever I can get. Am up $6500 on the day, but nerves are shot now so going to stop. The thing about scalping it needs constant screen time. I don't scalp silver simply because the spreads kill it, but EUR-USD is 2-2.5 pips for me so is ideal.
bbillcee
Well-known member
- Messages
- 334
- Likes
- 0
i'm short at 780 as well....i'm holding:|
from what i see rising wedge in 5 min....maybe it'll dump us
mad mad world
Active member
- Messages
- 129
- Likes
- 0
How do you scalp so effectively ? what system do you follow, if you can share with us....
99 out of 100 times i lost in scalping so very much eager to learn something new....
Thanks
All I know is - Euro strengthening a lot now .. would indicate dumping
at this moment ..
Edit : On the other hand - Oil going down strongly - rock and a hard place for gold..
ascending triangle is more meaningful here IMO, it has some room to move still
artful_dodger
Active member
- Messages
- 217
- Likes
- 5
Does the daily spot on IG roll over automatically or does it just end the contract and deliver the profit or loss at that time?
Yes, please do.
. I can imagine the concentration it takes to scalp all day -I do it anyway and I don't really scalp!
I suppose it's just trendlines and quick shorts and longs. I'm going to
start experimenting with small trades (low outlay to start).
Sorry, I'm not sure. I would guess it rolls over. I'm with Finspreads- Gold Rolling Spread -
It just rolls over into the next day - but I've never let it roll yet.
Typical! Euro and GBP on strong recovery, falling back a bit now.. good luck anyway
artful_dodger
Active member
- Messages
- 217
- Likes
- 5
Ok thanks TrentT...yes euro dropping and oil too but not gold...obviously drank some red bull this morning.
Sorry, I'm not sure. I would guess it rolls over. I'm with Finspreads- Gold Rolling Spread -
It just rolls over into the next day - but I've never let it roll yet.
Typical! Euro and GBP on strong recovery, falling back a bit now.. good luck anyway
787 is a key resistance area, if it does not break it, then this is a good time to short for quick scalp
artful_dodger
Active member
- Messages
- 217
- Likes
- 5
Well I managed to short down from the peak to get some refund but overall a bad end to the day. Should have tapped out far earlier.
bbillcee
Well-known member
- Messages
- 334
- Likes
- 0
held from earliar now in green!!:clap::clap:
