Scalping Strategy

[Catalonia]

Patrick_Rhodes

All I want to say is that retail brokers know you ( I ) will be sooner than later losers. If they see you making a lot of money they will put your trades through banks.

[Patrick_Rhodes]

Originally Posted by Catalonia

Patrick_Rhodes

All I want to say is that retail brokers know you ( I ) will be sooner than later losers. If they see you making a lot of money they will put your trades through banks.

Nice theory. If that were true I would be ecstatic. Because then I could scalp with immunity. No the brokers love scalpers because they make easy targets large or small.

Patrick

[MickMason]

Originally Posted by Tzachi

"Generaly if you stay in a trade over 2 minutes the brokers' software will not detect you as scalper. ( a former FXCM insider)"

This came Mr. K. a former trader at FXCM (2 years) desk at the New York downtown location.

I don't care if it came the Queen of Sheba it's just another conspiracy theory put about by those who don't know what they're doing blame their losses on the broker rather than accept the painfully obvious!

Broker 'radar' set up to seek out destroy anyone who opens closes a trade within x minutes is pure fiction it simply doesn't exist period!

Mick

[MickMason]

Originally Posted by Patrick_Rhodes

It is like one is saying to the other "I want to go higher I have a client who just went short." If the first broker doesn't have any bias he goes along raises his price up to two points (not three because then he would turn retail).

What!

You're kidding me right FXCM with 60000 clients 1.5mio trades executed each month picks out when one scalper goes long or short with his overleveraged mini account gets on the blower to his rival broker says 'let's screw the guy for 50 bucks' lol yeah ok.....

I think I'll get back to the real world now cheers!

Mick

[Patrick_Rhodes]

Originally Posted by MickMason

What!

You're kidding me right FXCM with 60000 clients 1.5mio trades executed each month picks out when one scalper goes long or short with his overleveraged mini account gets on the blower to his rival broker says 'let's screw the guy for 50 bucks' lol yeah ok.....

I think I'll get back to the real world now cheers!

Mick

Come see me after you have done 100 trades in one session. By then you will become a target also.

Let me tell you a story.

The names have been changed to protect the guilty.

There is a world out there with honey bees bee-eaters honey collectors. The honey bees used to get a lot more honey but now they are finding it very hard to survive. The Bee-eaters have proliferated have become very good at catching bees. They also do everything they can to make sure the bees are deprived of their honey they must bring as much honey as possible to the honey collectors in order to survive. Actually they do quite well because between selling honey to the honey collectors eating the bees they are quite happy.

Where do options fit into the above story?

Patrick

[MickMason]

Originally Posted by Patrick_Rhodes

.....

honey bees bee-eaters honey collectors.....

100 trades eh at 3pip spreads yup I guess I would be a target....for an Xmas card!

Q)What's more dangerous than being with a fool?
A)Fooling with a bee!

Anyways bee-hive yourself keep on droning on!

lol what's next Saxobank with a hotline to Greenspan asking if he could drop the 'measured pace' because they have a scalper with a dollar short position....


Mick

[Catalonia]

Patrick_Rhodes

If you want to scalp if you want to do it seriously do it with a huge account with 5:1 leverage. There are platforms out there with 1/0 spread on majors.

Scalping with 3 pips spread is the best way to lose all your money.

[Patrick_Rhodes]

Originally Posted by MickMason

100 trades eh at 3pip spreads yup I guess I would be a target....for an Xmas card!

Q)What's more dangerous than being with a fool?
A)Fooling with a bee!

Anyways bee-hive yourself keep on droning on!

lol what's next Saxobank with a hotline to Greenspan asking if he could drop the 'measured pace' because they have a scalper with a dollar short position....


Mick

Thanks for the laugh.

What is wrong with your logic? Surely if it is safe with a few contracts it must be safe with more? What have you got to lose? If you don't believe in scalping or day trading at all then we really aren't comparing apples to apples. In order to be a target you have to day trade or be a scalper. Talk to me after you have had some of that experience. We will see who laughs then.

Patrick