there is no type of trading as Scalping.

scalping type created by the DD brokers to prevent from missing entry and exit of trades.
trader can trade either tick or 1H chart. the only difference is the profit target in PİPs.
it can be either 50 pips or 0.50 pips. depends on the time frame.

at the end traders are looking for the same formations to enter/exit trades.

with STP STP/ECN brokers scalping is no more an issue for brokers. and all traders are well come.

as a result trading styles named swing or scalping are the same regardles of time.

walker

currently I do not trade but there si smoething starnge with EU in last 2 hours. I assume I missed a news.

at the end ( at least for now ) I found where I go wrong!

the reason why I destroy account while manual trading is; I stop using my entry exit signals and trade according to my mood.
early stages I was captured by the daily PH. I come over that. for now I should come over my mood of day.

from now I will keep all accounts traded at my portfolio and see how I handle this issue.

walker



old post from old thread about PH of the day.
Phsycology(Ph) of a trading day:

1- start of a day:
with every start I afraid of having loosers but also feel confident that Patterns works well.

2- first trades:
with every start most probably I had my daily goal in a very short period of time. Just watching and catching the patterns. entering trades and exit if necessery even in loss.

3 - daily goal achived:
this is the first break point of the day. after having achived the daily goal Ph changes. from that point I start finding reasons to NOT ENTER the new trades. because daily goal achived and the fear of loosing that is putting more pressure.

4- missing new winners:
the result of nr3 I start missing many winners. and this make me stressed and got angry to myself. that point is the second break point of the day.

5- finding reasons to enter new trades:
at that point I start FINDING reasons to enter trades. due I had missed some winners and now I must fill that gap in my mind. WHY NOT %5 instead of %1 or %2.

6- entering wrong trades:
now I had find the reasons to enter trades just %100 opposite of nr3. those are not exectly what I am looking for. I am just trying the fill the missed gap immediatelly and making wrong desecions. the another reason for this is the Rescue plan. at the backstage of my mind I know that I have rescue plan and this will rescue me if I take a wrong one.

7- Rescue:
as a result I enter wrong trades and those goes against me. at that point instead of exiting the trade at a certain point I keep loosing and start the rescue plan. ( this loose most probably is the result of a very fast price action/spike )

8- Back to start Ph:
when the afraid happens mind reset logic and start trading normal again. at the rescue stage I trade other pairs and make good profit.

8- end of the day:
most probably the rescue plan works ( you can call this basket or grid trading ) and day has saved.

EU closed wek just over 1.27600 which is 1.27777

so it does want to move long and get away from the gravity effect of ~1.2500
here at that level now should watch and see if it can stay over 1.27800 for at least 1 day.

if I had enough patient I could trade higher time frames with > 30 PIP target. but not for now. first I should come over my 'trading according to mood' issue with smaller time frames.


   xenon posted:
   if EU does not climb over 1.27600 in ~2 days then we will be looking for more lows ~1.25

Steve, after you made your goal. close PC , walk away and go and smell flowers.
You do not have to trade 24 hours a day. Find something else to do.


   xenon posted:
   at the end ( at least for now ) I found where I go wrong!

the reason why I destroy account while manual trading is; I stop using my entry exit signals and trade according to my mood.
early stages I was captured by the daily PH. I come over that. for now I should come over my mood of day.

from now I will keep all accounts traded at my portfolio and see how I handle this issue.

walker



old post from old thread about PH of the day.
Phsycology(Ph) of a trading day:

1- start of a day:
with every start I afraid of having loosers but also feel confident that Patterns works well.

2- first trades:
with every start most probably I had my daily goal in a very short period of time. Just watching and catching the patterns. entering trades and exit if necessery even in loss.

3 - daily goal achived:
this is the first break point of the day. after having achived the daily goal Ph changes. from that point I start finding reasons to NOT ENTER the new trades. because daily goal achived and the fear of loosing that is putting more pressure.

4- missing new winners:
the result of nr3 I start missing many winners. and this make me stressed and got angry to myself. that point is the second break point of the day.

5- finding reasons to enter new trades:
at that point I start FINDING reasons to enter trades. due I had missed some winners and now I must fill that gap in my mind. WHY NOT %5 instead of %1 or %2.

6- entering wrong trades:
now I had find the reasons to enter trades just %100 opposite of nr3. those are not exectly what I am looking for. I am just trying the fill the missed gap immediatelly and making wrong desecions. the another reason for this is the Rescue plan. at the backstage of my mind I know that I have rescue plan and this will rescue me if I take a wrong one.

7- Rescue:
as a result I enter wrong trades and those goes against me. at that point instead of exiting the trade at a certain point I keep loosing and start the rescue plan. ( this loose most probably is the result of a very fast price action/spike )

8- Back to start Ph:
when the afraid happens mind reset logic and start trading normal again. at the rescue stage I trade other pairs and make good profit.

8- end of the day:
most probably the rescue plan works ( you can call this basket or grid trading ) and day has saved.