Search result for:  minimum scalp

Yes, the trend can go much more than 1:2, the trader's equation gives you the minimum to be profitable, not the maximum. A scalp is a actually a 1:1 trade so if the BO height is 10 points your initial risk and therefore your initial profit target is 10 points as well. Once the trade goes your way you can switch to actual risk, reducing your profit target accordingly.

... 300$ meaning 3 pips after price has passed through the spread. and I see it might go back on me so I exit the trade manually. paying 50$ on commissions and I have 250$. the question is. on a real live account. can I make this fast trades and the computer will be fast enough to exit on time or will it take much more time to analyze my exit order? or are there other things to consider that may prevent me to trade this way on a real live account? I'm asking that because Al says 10 pips is the minimum scalp size. I understand this is the minimum I should loo ...

The issue is "with beginners" and not with scalping. Swing trading vs scalping is dependent on what the market is doing. In a trading range environment, swing trading doesn't work -> this is market dependent state. Because of the fear of loss, many may scalp to avoid risk. In trading, there isn't any "avoiding risk" but managing it. scalping successfully requires determining higher probability and this requires a foundation to recognize when there is a bias, which beginners are often unable to do reliably, as that takes skill and practice. The recognition of higher probability over time is more difficult and requires more patience than swing trading. Some personalities gravitate more towards one than the other. Therefore, the technique is market dependent, and the skillset of capability (swing/scalp/both) is trader dependent. Both aspects must be satisfied for success. So the question becomes skill level, and what market suits that during the window of opportunity. Good trades to you!

I don't have the trades equation in this case. If it hits my stop in one trade, I will make a complete loss, but if I make a profit, it will be half a loss. Sometimes the second target, in which case the profit will be 1.5 times the loss. But I do not know what the profit and loss conditions will be after 100 trades.

... and put risk at 2x reward. Scale in if possible, around 1x risk, exit quickly if it’s not moving in the desired direction or stalling within 1-3 bars. Is placing stop at 2x bigger than reward when scalping reasonable or is that too tight of a stop? If so, where would a more appropriate stop be placed? (in trends not in TRs) Mr. Brooks speaks of scaling in 2-3x of a minimum scalp size away, does that apply strictly to swing trades or does that also true when scalping? if so, how far away would you typically look to scale in? (in trends not in TRs) How coul ...

... BO happen? By forming Triangle at the top of TR. Where does MA doing here? Mkt has been rejected by 60 min MA for 3 or 4 times but did not go farther down (only went down for a scalp but not much. Bears could not able to put CSC bear closes with good body below the 20 MA but bulls can do. That big final bull closes above high of last 30 bars. Let's talk about Prob here. TR BO has high failure rate like 70% or more. But this is a strong bull bar, so prob of failure is much less than 70%. Let's time of the day. If it is late in th ...

... and bears and that's why trading can take place - both sides believe they can make money by buying and selling, so there is never certainty, but only doubt and therefore, confusion. It is entirely subjective and most of the time you can choose to buy, or choose to sell at any given moment. Again, it is like Alejandro said: you, we, and anyone else, can never be absolutely sure which way the market will move on the next bar. So, in your example you can decide that the market is in a TR (and it is) and go long with many different ways (some of which I expl ...

... the BPA website. The BPA markings are quite advanced and unless you have reasonable grasp of the fundamentals, it will be difficult for you to tally the markings of both websites. Do note, this suggestion is from most of the senior members and I have applied this religiously and rigorously. It works wonders. Second, I would like to respectfully disagree with Water Buffalo. There are examples of Al scalping on 10 second charts. He has been practicing his method of PA for over the past 30-40 odd years. Having been in his trading room for a few days, I can te ...

... day by day! Am planning to rewatch the entire course to solidify the foundation in my head That being said, I have quite a few questions that I could really use some help on if you guys don't mind! I think it would be inappropriate to separate my countless questions into each individual thread so I'm asking them all here. To start things off, I am currently located in Asia and as such am unable to sustainably trade the US open for SPX without burning out in the long run as much as I like the style and idea of it. As such does that mean the entire section ...

... the risk means, asses the trade and see if you can get that 2xrisk as a profit. If not don’t take the trade. Here is an excerpt; Trading Price Action TRADING RANGES, PART V Orders and Trade Management CHAPTER 25 Mathematics of Trading. Should I Take This Trade? Will I Make Money If I Take This Trade? Page 444 “ Once you see a possible setup, the first thing you have to do is determine how far away your protective stop has to be. Once you know your risk, you can decide on the number of shares or contracts that you can trade, keeping your total risk ...

... of the principles. But to answer your question: The only situation where you need a reward at least twice the risk, is in Major Trend Reversal trades (for a swing). In that case, your Stop Loss will always be relatively close to your entry. And almost in any case, where you reach your minimum target (minimum two legs), you will have a profit of at least twice your risk. Of course, in this case, you're often whipsawed: 60% of the time, and this under the condition you've picked your MTR-setup well. In case of a BO-trade, where you have a 60-70% chance of ...

For the past year, I've been following Al's teachings, pursuing swing and trend trading while avoiding scalping. I've never worried about risk because I've kept my positions very small, consistently practicing with small positions. I spend many hours each day watching forex charts, yet I've made very few good trades. When I open my charts every day, this is what I see Attachment : pic.png I‘m living in Perth, Australia, I can't trade Emini during our night hours, but during daytime here, forex activity is very low. I have no choice but to scalp. I really want to make successful swing trades, but after watching charts day after day, I feel exhausted. I can't sit in front of my computer all day waiting for a swing setup. The best I can manage is trading continuously for 2 hours before needing a break. I wonder if my situation also falls under what Al refers to as "beginners scalping because they fear risk"?

Hello traders, Like the title says what is better. I fell like I've either heard Bard or Al himself says that he scalps on the open of the market/session, like quick entry and quick exit when the market is 50-50 and look for swing trades when the market found its momentum maybe after the first 18 bar range and it kinda makes sense. After the 18 bar range their is a 90% chance that the high or low for the session been formed. So, after the Breakout of the range you could enter the market and place your swing stop on the low of the session(bull BO) and have a 90% chance of not letting the stop be hit. If the stop order entry swing trade doesn't have good follow through after the entry we could convert the swing trade to a scalp or even get out Breakeven and look to take the next trade. I would really appreciate an answer to the question. I don't know in which video I hear the above highlighted sentence I couldn't find it(maybe in youtube or BTC).