Comment by Dipak Patil on June 14, 2012 at 9:09am
Comment by Peter jcp on June 14, 2012 at 9:37am Well Done Dips - great stuff - out of interest - what are the size of you stops - if you average gains are under 10 pips ??
Comment by Dipak Patil on June 14, 2012 at 10:06am basically my stops are 5 pips but i didn't need it,in my scalping method.
Comment by Dipak Patil on June 14, 2012 at 10:43am @pinbar thanks for giving such a creative time to my profile,thanks
Comment by Dipak Patil on June 14, 2012 at 10:56am
Comment by Peter jcp on June 14, 2012 at 11:16am I think your hobby Dips might end up making you more money than your engineering profession;-)
Pleased you work on type stops - because I have seen so many scalpers who have over 80% + success rate on small targets - but end up with bigger stops of say 20 and 30 pips - and find out over say 20 trades they get 16 correct - but the 4 bad ones wipe out their profits
You look as though you are having an excellent run of wins - have you had more than 4 go wrong in a row yet - as it does happen.?
So far from me over about 6 yrs of scalping i have had a run of over 32 trades go right in a row and also 7 go wrong consecutively. I learn from that so after 15 wins - i adjust down and also after 3 losses in a row - I stop and review the market and wait for another period or session .
Also out of every 10 win scalps you should have at least one or two which are worth letting run as they may achieve over 25 pip+. and even up as a larger move that you have caught from conception. Any luck on that so far ?
Regards
Peter
Comment by Dipak Patil on June 14, 2012 at 11:32am @peter my age is 21 i am student in the last year of degree,i wish to make charitable trust by these money ,i will not going to use single $ from it. that's why i achieved.and GOD helps me
regards,
DIPS
Comment by majimaji on June 14, 2012 at 11:43am Hi dips, agemate here... but i am in my final year Financial engineering... but its into derivatives.
Comment by Dipak Patil on June 14, 2012 at 11:48am @peter no luck at all,its all on technical concepts,i use concepts because i am engineer.
and most of them took from you by chat s.you are my guru so thanks to you also in supporting my carity
Comment by Dipak Patil on June 14, 2012 at 11:53am @simon what into derivatives
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