I post these tables for those who would be interested in seeing characteristics of fx scalping trades. It shows that scalping is one way of doing trades ,though it’s probably not the most comfortable one : it is a stressing and time consuming activity. A positive aspect is that your risk is minimal as the rule is to cut immediately a trade going south.

I am presently more attracted to longer term trades with more potential and I spend a considerable time developping trading strategies. That’s why I will not post daily scalping results anymore. My point was just to show that fx scalping is possible, but I don’t think this activity would help you build a fortune

For some reasons , I use a single screen, so at first sight it looks a bit cluttered. It’s a question of habit: I have everything I need under my eyes and I don’t need to turn my head to browse various screens.

12 trades today for no gain, but no loss either. Nothing to do with luck, just hard work to get back the early losses. You don’t bring in money everyday. For a scalper, the most important thing is to have the average profit higher than the average loss ; if not, the trader has to have many more winning trades than losses. Which was the case today.

Look at that , man : that’s a beauty. Those who read this blog have noticed I am a big fan of HP handheld calculators. Have been since 1980, starting with the HP 34 c.

July 2007 press release says: “HP today unveiled the retro HP 35s Scientific Calculator in commemoration of the original HP-35, the world’s first handheld scientific calculator launched 35 years ago. The new calculator is also HP’s most advanced scientific programmable calculator, featuring ample memory for keystroke programming, equation solving and more than 800 storage registers; 100 built-in functions; and a large, two-line display with adjustable contrast to easily view entries.”

The suggested US retail price is around $60. Don’t ask why but I paid last week 89 euro or the dollar equivalent of $137 here in Europe. Damn, I have noticed that we end up paying everything twice the price in the EEC: from contact lenses to about everything else .

Same with cars : I have to replace my old Merc 250 E with something more punchy. What about the new Mustang GT ? Prices start around $ 30.000 in the US. Fair price. O.K. I want one ! Well, you’ve got to be patient , son .

Nowhere to find in my country. Not distributed. I would have to go to a foreign importer specialized in US cars and after some research I understood I would have to pay twice the regular price at least. I don’t even speak about the hassle of all the administrative paperwork.

Well, at least I can have dreams, it’s still free in this country.

I don’t often trade stats for the simple reason that economic stats are rather unpredictable , especially the jobs ones. Forex is a school of discipline but I allowed myself some room to play this one. The assumptions were the following: an average or slightly disappointing figure wouldn’t sink the USD that much , especially with the actual recovery we have seen the last few days. But a positive or better number than anticipated would have a definite impact. Anyway, from time to time you have to allow yourselves to follow a hunch to release the pressure and give way to ‘gambling’ instincts . The amount involved in the trade was minimal, I was looking for fun but I am not crazy either. Stats trading can be devastating on your bankroll.

As written on their website: QuoteTracker is a Windows program that integrates with various datafeeds, brokers and financial sites to provide you with streaming real-time quotes, Live intraday charts with Technical Indicators, Level II quotes, Time and Sales, alerts, news monitoring, and everything else you may need to trade in today’s market.
It also ties into major brokers to give you full Integrated trading from within the software.

Best of all: it’s free.

I just discovered this amazing charting software and I must say I am extremely satisfied with the forex graphs : they are very clear , precise and the traders mind detect immediately any change and can act upon it.

Profit & loss on scalping activity: 21 trades and 43 pips gain or 4.5 % profitability on capital which is close to my 1% daily goal.

C’est dimanche , il fait beau et je suis encore devant l’écran; c’est à cela que l’on peut diagnostiquer une addiction au net.

Un billet en vitesse alors : j’ai été consulter les stats du serveur pour  voir les mots-clés qui ont permis aux visiteurs de tomber sur le site. Rien d’inhabituel si ce n’est la requête n°8 

Finally and much expected. I couldn’t resist scalping a few pips when crossing the 1.60 mark. The trade was not necessary as I expected a violent reversal but it was fun to be above 1.60 for 1/10 of a second

I found this useful site which presents a database of screens of what happened after news releases. This is an  extensive archive, no doubt you will find a lot of interesting stuff.