Intraday Live short term trading calls from an Expert Retail Forex Trader

[KurtKrakkav]

Plenty. Every casino in the world uses the same technique to make money every day. I personally don't do that but I don't take 20 trades a day. I might take 4 at most.

Regarding your comment on data compiled by forex brokers. I have seen it and frankly don't think much of it. As a data expert myself who freelances to investment banks and hedge funds, I know the difference between a management report and an investigatory report. The first is only useful for high level review where you would make a decision as to what sort of business model would work. The second would be far more detailed where you would be able to track individual traders. You cannot make any judgment on any individual trader using a high level report so how can you state the data proves nobody does what F says? You can't. So unless you have tangible data for a reputable broker (one that would attract pro traders), you really don't have any evidence at all.

You know plenty of traders who haven't had negative day in 3 years and who've actually traded. NO YOU DON'T. THERE ISN'T ONE, IN ANY CAPACITY.

Human beings talk, word of mouth, not official data. What the posters on this thread are suggesting would make a trader stand out like a sore thumb, I would know about them and everyone I know would know about them. You'll just have to trust me on that one.

I will also leave this thread along with you Forker, in fact the forum. One week was enough.

All the best to you.

 

[KurtKrakkav]

There are thousands of scratch golfers in the world right ?.......that's even before,you talk about the top echelon of pro,s

Now Put them on their favourite course and allow them to pick when they tee off and also allow them not to play on days if they feel conditions are poor or indeed if they don't feel 100% ok......hey throw in big bucks for low scores as well

Now tell me what's the worse score such guys will come in with over x years of playing .......I can assure you it won't be that excessive

So why think a good scalper can't make money everyday based on Many years of experience and the right tools ?

All they have to do is break even......for a good scalper even a string of losses will only put you back say 20-30 pips.....that's a disaster in their books......just a few winners and one good run even in reduced stakes takes a big chunk back in minutes.....and remember most scalpers are hammering a lot of trades a day ....hundreds for some if needed

I have scalped up to 300 times a day in the past......that's more than some people trade in a month .......I'm not in f's league but I do know that sample,size is the X factor in scalping .........like a casino .......the larger the sample size the higher the probability becomes regarding the edge and the outcome

If a top golfer was told they have to hit one shot only onto the green per day then that's a problem re sample size ......allow them 18 holes and 70 odd shots to make the grade and the odds are exponentially increased they will deliver day in day out

N

In particular order:

300 trades in day? So assuming it's fiber you're trading and at the average MM fx'er. 300*0.8 (spread+comm) = 240pips just to break even. Hmmmm, in any one day you might make a profit, obviously not going to work though.



Notice the colour I chose below.

Basketball, golf!!
Having been a top 10 national competitor in my chosen sport, I understand how many hours and the sacrifices you have to make to make it to the top. Move the hoop around the court in a seemingly random pattern and while you're at it move that little hole around the green too. That makes your comparisons much more realistic. The same sportsmen can be at the top for years, scalpers don't last that long at the top, their performance varies, wildly at times. FACT

Just read a few more replies on this thread, delusional, tragic.

Submitted the wrong post first.

Hope some of you get a grip on reality before the markets get a grip of you, it really isn't a game. The amounts you can lose if the market gaps against you when scalping can leave you with a mountain of debt if you're leveraged too high.

All the best to you all.

 

[tar]

Hope some of you get a grip on reality before the markets get a grip of you, it really isn't a game. The amounts you can lose if the market gaps against you when scalping can leave you with a mountain of debt if you're leveraged too high.

All the best to you all.

Agree , lets not forget what the Swiss central bank did earlier this year , so if you were scalping any of the CHF crosses you would have been done for years to come if not forever .

I want to add here , based on a phd study only 1/360 made it daytrading US stocks for more than a year . And based on a study made by a member here in this forum from data collected from brokers all around the world around 0.5-0.7 % was profitable for +4 consecutive quarters trading forex . Now based on these numbers make your own conclusions and calculate what are the odds for someone to be profitable every day for years ! Such possibility should be ignored . As i said many times you don't need to do that to make money anyway .

 

[NVP]

LOL

Morning N

Only 82 copies now - 7 "dissers" have put their orders in now - but hope you dont mind N - as you being our accountant - I have told them because I want to help them and because they are "special" I will let them have 2 copies each at a "special one off price" of not $398 - not $325 - not $299 .................. but .............. just 6 easy payments of ONLY - $99 - and yes spread over 7 days

Cannot be fairer than that

maybe I am being tooo generous - but thats always been one of my failures - trying to help the "good guys"........



F

jees F ..........you are going to bankrupt us here ..:cheesy:..

we will need to now introduce MLM techniques and incorporate affiliate sellers

this is not going as well as I would have hoped

haha

jees - I remember a guy called Jason fielder got 4,000 people on a webinar once trying to flog them his Correlation code Cr*p......true or not I could see the participant people online and you have to say at around $1k a pop he certainly would have moved some crapola that day and made his accountant happy

N

 

[NVP]

And that's me done for this discussion. I'm not going to respond to any more remarks.

they'll keep coming at you dude ...........trust me they are never wrong

 

[NVP]

[/COLOR]

You know plenty of traders who haven't had negative day in 3 years and who've actually traded. NO YOU DON'T. THERE ISN'T ONE, IN ANY CAPACITY.

Human beings talk, word of mouth, not official data. What the posters on this thread are suggesting would make a trader stand out like a sore thumb, I would know about them and everyone I know would know about them. You'll just have to trust me on that one.

I will also leave this thread along with you Forker, in fact the forum. One week was enough.

All the best to you.

well at least you are leaving the thread ........we have a lot of dissers who have claimed squatting rights here

N

 

[NVP]

The comparison between Forex scalpers and the casinos - the house - is flawed , the house earns the spread , the scalper/punter pays it its a flawed comparison . You can compare casinos with brokers , and scalpers with punters and gamblers . And i've never seen anyone consistently making money in casinos let alone not having a losing day . Not to mention there is no proof grocery stores and casinos don't have losing days anyway .

Based on empirical evidence some daytraders made money , so it can be done and one can be profitable but not everyday ! And you dont need to be profitable everyday to make money anyway .

Most importantly one should prove first that he is profitable before proving not having a losing day , so guys who are touting such stuff are we going to see proof from them ?

Waiting ...

tar - how many trades do you take a day ?

 

[NVP]

In particular order:

300 trades in day? So assuming it's fiber you're trading and at the average MM fx'er. 300*0.8 (spread+comm) = 240pips just to break even. Hmmmm, in any one day you might make a profit, obviously not going to work though.



Notice the colour I chose below.

Basketball, golf!!
Having been a top 10 national competitor in my chosen sport, I understand how many hours and the sacrifices you have to make to make it to the top. Move the hoop around the court in a seemingly random pattern and while you're at it move that little hole around the green too. That makes your comparisons much more realistic. The same sportsmen can be at the top for years, scalpers don't last that long at the top, their performance varies, wildly at times. FACT

Just read a few more replies on this thread, delusional, tragic.

Submitted the wrong post first.

Hope some of you get a grip on reality before the markets get a grip of you, it really isn't a game. The amounts you can lose if the market gaps against you when scalping can leave you with a mountain of debt if you're leveraged too high.

All the best to you all.

cheers K ..........lets agree to differ on these points .........and speaking as someone who also competed with the national elite in my chosen sport I agree with you re the years of dedication and commitment required .......just like trading

N

 

[forker]

they'll keep coming at you dude ...........trust me they are never wrong

It doesn't bother me and I actually feel sorry for them. Some people are stubborn and we all know how that blindsides information.

 

[itspossible]

Hope some of you get a grip on reality before the markets get a grip of you, it really isn't a game. The amounts you can lose if the market gaps against you when scalping can leave you with a mountain of debt if you're leveraged too high.
All the best to you all.

One of the most pertinent ,intelligent posts i have ever read about scalping.
you should be begging this guy to stay on this thread.I know nothing about fx but i know enough to state that you need to get them stops in very quick in case of GAPS.

 

[NVP]

sure you can lose if the market gaps .............but this is scalping not gambling........so use your brain and avoid the high risk periods re news big time bar changes ............etc etc ...........


N

 

[NVP]

It doesn't bother me and I actually feel sorry for them. Some people are stubborn and we all know how that blindsides information.

well at least this thread highlights the 2 sides of the debate ..its proving comedic at times but I think you would have to be on mars to see some people disbelieve you can make money scalping it seems .....

and some of us claim you can ......

such is life
N

 

[itspossible]

sure you can lose if the market gaps .............but this is scalping no gambling........so use your brain and avoid the high risk periods ............do you scalp forex ?

N

INDICES-I agree that its right to keep out of volatile situations-do you use manual stops?

 

[Fugazsy]

LOL

Morning N

Only 82 copies now - 7 "dissers" have put their orders in now - but hope you dont mind N - as you being our accountant - I have told them because I want to help them and because they are "special" I will let them have 2 copies each at a "special one off price" of not $398 - not $325 - not $299 .................. but .............. just 6 easy payments of ONLY - $99 - and yes spread over 7 days

Cannot be fairer than that

maybe I am being tooo generous - but thats always been one of my failures - trying to help the "good guys"........



F

F

You have nothing to offer only BS and million of posts, I ask you for a single proof, not a statement, not a live call, only an historical chart because you are bombarding us every day you are the best forex trader on the all planet, have you guys seen any? No. Do you know why? Because you do not trade or you are not making even close the 50 pips every day you are strongly and constantly declaring.

The other day you told us you would have made 1000 pips on a 160 pips move in one of your constant spamming about how perfect you are, I asked you in various way to show us on a chart how you would have done it in hindsight, have you guys seen any? No. Do you know why? Because you cannot even work it out in hindsight how you would do it.

You, your guru and your apostles have offered very low quality posts here with the intention only to feed your huge ego as in making 1000 pips per day or making 40-50 % return in a day and everyday, I feel sorry for you, you have became the joke of the forum and you are still laughing.

this is just a post of one of you and they were delivered every day in abundance until we rightly decided enough was enough:
http://www.trade2win.com/boards/dis...ert-retail-forex-trader-5239.html#post2587958

and this a comment of one of our member in regard:
http://www.trade2win.com/boards/trading-journals/195260-all-fugazsy-75.html#post2588254

F get a job and a life an stop once for all with this tragic comedy play, it is very embarrassing.


Regards

 

[forker]

One of the most pertinent ,intelligent posts i have ever read about scalping.
you should be begging this guy to stay on this thread.I know nothing about fx but i know enough to state that you need to get them stops in very quick in case of GAPS.

A stop doesn't guarantee protection from gaps. This phenomenon can affect all trading strategies. Fx is large enough to make this a very rare event and in fact only relative to pairs where one of them is artificially manipulated by controlling bodies (aka being pegged). In all 15 years of trading currencies I have never seen a gap outside of this, only heavy volatility and slippage which would only affect you if your stupid enough to participate.

 

[Geofract]

The Earth is flat...

 

[malaguti]

The tooth fairy is real

 

[forker]

 

[tar]

The tooth fairy is real

 

[Forexmospherian]

F

You have nothing to offer only BS and million of posts, I ask you for a single proof, not a statement, not a live call, only an historical chart because you are bombarding us every day you are the best forex trader on the all planet, have you guys seen any? No. Do you know why? Because you do not trade or you are not making even close the 50 pips every day you are strongly and constantly declaring.

The other day you told us you would have made 1000 pips on a 160 pips move in one of your constant spamming about how perfect you are, I asked you in various way to show us on a chart how you would have done it in hindsight, have you guys seen any? No. Do you know why? Because you cannot even work it out in hindsight how you would do it.

You, your guru and your apostles have offered very low quality posts here with the intention only to feed your huge ego as in making 1000 pips per day or making 40-50 % return in a day and everyday, I feel sorry for you, you have became the joke of the forum and you are still laughing.

this is just a post of one of you and they were delivered every day in abundance until we rightly decided enough was enough:
http://www.trade2win.com/boards/dis...ert-retail-forex-trader-5239.html#post2587958

and this a comment of one of our member in regard:
http://www.trade2win.com/boards/trading-journals/195260-all-fugazsy-75.html#post2588254

F get a job and a life an stop once for all with this tragic comedy play, it is very embarrassing.


Regards

Hi Fugazsy

I have just answered one of your previous comment in full - please read it in full

You are always fabricating - which is a shame

As I have told you the info about the 1000 pip on EU out of 160 pip day as been on the site nearly a week

You say I have not done it etc etc

Like everything now you seem to be saying

ITS WRONG

Check it out on

http://www.trade2win.com/boards/tra...ail-intraday-fx-trading-journal-2015-a-7.html

Dont worry - you need not apologise for getting so many things wrong

Its no problem

Have a great weekend

All the best

F