Hey forexbobbyc. I have been exploring a few. I try to use pivot lines, determine channel lines, and I support myself with MACD, parabolic SAR, and a few moving averages. I find that many times my predictions are correct, however I get stopped out before I can enjoy the profits. I think that perhaps I am trading too many contracts. I buy and sell usually $50,000, but my stop loss is set up to a -$30 at most. Perhaps if I switch to smaller lots I would be able to have some more room for the trade. I would appreciate if you would share any thoughts or perhaps any trading strategies that you found to be useful for scalping.
Hi there, In order to make things easier for you, you should try to stick to the six major pairs. These are EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD. Out of these six pairs, the EUR/USD offers much better spreads than the others. Thanks.
JDfn Administrator
Yes I am, how can I assist you? Are you demoing the market currently? Thanks for the interest.
Dec 19, 2011
Szymon Piecuch
Hey forexbobbyc. I have been exploring a few. I try to use pivot lines, determine channel lines, and I support myself with MACD, parabolic SAR, and a few moving averages. I find that many times my predictions are correct, however I get stopped out before I can enjoy the profits. I think that perhaps I am trading too many contracts. I buy and sell usually $50,000, but my stop loss is set up to a -$30 at most. Perhaps if I switch to smaller lots I would be able to have some more room for the trade. I would appreciate if you would share any thoughts or perhaps any trading strategies that you found to be useful for scalping.
thanks forexbobbyc
Dec 19, 2011
JDfn Administrator
Hi there, In order to make things easier for you, you should try to stick to the six major pairs. These are EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD. Out of these six pairs, the EUR/USD offers much better spreads than the others. Thanks.
Dec 20, 2011