XJO 0.16% 8,010.5 s&p/asx 200

scalping vs longer term , page-27

  1. 2,810 Posts.
    Personally I struggle with this question.
    My trading is in no man's land.
    I can scalp but it doesn't fit with personality.

    Clifford Bennett puts it best.
    Swordsman and Archers

    Left or right side of the brain.

    The best book on trading that I have read.
    Cheap and an Aussie. An unsung hero of ours.

    Further to the scalping, buy multiple single contracts
    and use multiple tactics. I'm not there yet and
    part of my no mans land. Sell the scalp, move stop to b/e
    and let run to a target and one with correct stops and
    bigger targets.

    Jaolsa good to see you back. Thanks for what you have
    taught me. Interesting that I'm looking for shorts and
    you long. A sign of a turn. Currently the trend is up,
    could easily go into another gear. Or drop quickly.

    Last night I posted an example of a FX chart via ichy.
    Very relavent to the bull bear turn discussion.
    Where is the USD at. This is the pairs that tells.

    An update. I posted that either a breakout or retrace to the first line and then the challenge which way next.

    An easy trade on so many pairs.
    Did I ride it? Sold my short of AUDJPY on the way to work,
    an hour before Wall St close. Too early but has now bounced.
    Still learning to trust my t/a.



 
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