Sculping Technique.. Breakout Patterns

[Les Lau]

dh agak dh,da telur di sblik maggie...

By the way,is ths a scalping method ?

Sya hairan la sme people say scalping,tpi dia hold lama2...bg sya scalping ni,op should b close within minit,pling lama pun 5 minit...

I don't hold lama, once enter, set Sl & Tp.

 

[syahays]

kalu tt nk buat paid class..sila masuk ke section yg betol..kalu nk ajar free...ajor ler...aku pon tumpang sekaki...

 

[xtraez]

kalu tt nk buat paid class..sila masuk ke section yg betol..kalu nk ajar free...ajor ler...aku pon tumpang sekaki...

setuju....method dia camno yer ??

 

[ajeez0708]

How do u measure ur desired TP? Furthermore how to identify if it is a false breakout? Mind sharing?

I don't hold lama, once enter, set Sl & Tp.

 

[NahnuFrX]

Ok, its scalping.

TT nanti tukar tajuk tu. betulkan sculping kepada scalping...segan kat set forex trader baca....kot2 ada plak yang tersalah fahaman

 

[Les Lau]

Gold breaking out upper side now.

Can consider enter 1607.00
Sl 1602.75

*This is just suggestion.
Remember trade at your own risk.

 

[Les Lau]

Just now want to upload chart enter buy 1607 but computer got problem..sory

 

[Les Lau]

How do u measure ur desired TP? Furthermore how to identify if it is a false breakout? Mind sharing?

Stop loss level we set just behind previous wave.

Like just now buy entry 1607.0
We set Sl level at 1602.5

Take Profit level we use Risk Reward Ratio (R/R).

Scalping R/R can be just 1:1

Longer term R/R can be 1:2, or more..

So Tp level is up to you!

 

[Les Lau]

Gold breaking out upper side now.

Can consider enter 1607.00
Sl 1602.75

*This is just suggestion.
Remember trade at your own risk.

Ok if you enter 1607,
scalping R/R 1:1 now we can close position around 1612!

*This is Live Trading!

 

[Les Lau]

.. Furthermore how to identify if it is a false breakout? ..

Sometimes we can't avoid a false breakout, then it will be a losing trade..

As long as in long term statistic, we Win more then its ok!