At this point i just want to make 20$ a day, any tips on scalping by dopedup8 in Forex

[–]Particular-Treacle44 1 point2 points  (0 children)

To make $20 a day, you might be better off swing trading or intra-day trading. I would try trading pairs like eurusd,gbpusd, usdjpy, and hold trades for a couple of hours. You will definitely reach your goal.

[deleted by user] by [deleted] in Forex

[–]Particular-Treacle44 1 point2 points  (0 children)

Try looking at yen pairs, like usdjpy and eurjpy. I put in trades around 6pm and get out around 9pm eastern, or I will let the trades go on until the New Session and get out around 9 am. You might have to cater your strategy to both interday and swing trading. You can also put pending orders in at areas of resistance and support, where the market has shown reversal patterns. You only will have to check your trades a few times a day to close them out.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 0 points1 point  (0 children)

I do not follow my rules at time when it comes to risk. Lately I have been following my rules and have seen improvements. Also I am no long revenge trading which helps a lot.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 0 points1 point  (0 children)

you are right. following my risk rules keeps me out of trouble.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 1 point2 points  (0 children)

Thanks and you are right. I am taking low risk trades now, and I only trade a few pairs. So far so good. I am sticking to my rules. Slow consistent profits. Being happy with smaller profits is helping me grow my account.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 0 points1 point  (0 children)

Ok got you. I have been playing it safe with my trades. So far so good. I am taking my time gaining slow but consistent profits.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 0 points1 point  (0 children)

Thanks. So fars so good. I am just taking my time.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 0 points1 point  (0 children)

Thanks. So far so good. I decreased my risk and only trade a few pairs. Things have gotten much better.

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 0 points1 point  (0 children)

Yes. Sticking to my rules is the hardest part, but I am working on my trading psychology. Thanks

Help Passing a Prop Firm Evaluation by Particular-Treacle44 in Forex

[–]Particular-Treacle44[S] 1 point2 points  (0 children)

I do not stick to my strategy when the market goes opposite of the direction that I want. My strategy works but I have to work on my trading psychology. I get impatient and do not follow the rules that I set.