Day Trader’s Weekend Aftermarket Lounge 22-24 Nov 2019, page-41

  1. 6,195 Posts.
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    @scooter83 in answer to your question sorry I couldnt respond in that thread for some reason

    I've been practising scalping gold on smaller time frames and just experimenting with what works for me what confirmation indicators work and finding my niche I guess. The main learning curve has been understanding macroeconomics and the ability to interpret the news and data correctly as in which way will this throw the market. Also not being in a position before data or news hits but taking a position as the data comes out and what the hell has Trump said or XI said all creates volatility. Because you can just get thrown all over the place not easy. Haven't got it downpat yet certainly not easy I just like keeping my brain busy. The spreads vary depending on the time of the day but in commodities they aren't wide as so much liquidity and in exotic currencies (which I don't trade) there can be some big gaps and it's like being caught in an illiquid spec stock. Have been using 100:1 leverage.Not even close to a lambo yet still got my opal card lol just enjoying myself really. I sort of enjoy doing my own thing am a bit of a loner like that.
    Last edited by steps_asx: 23/11/19
 
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