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DTT Scalping

Forex Scalping Part II – Is it Gambling? Redefinition of Risk

To the average investor, scalping might sound a bit like gambling; but it isn’t by any means. Scalping severely reduces a type of risk that’s inherent in any investment: the risk of being in the market. When a trader has a position open, he is exposed to market risk. At any time, the price could […]

Forex Scalping Part I – What is it?

Forex scalping involves the trading of currencies with the objective of obtaining small, quick profits from the market. It is possible to scalp on an ECN-type platform that gives a day trader the ability to play market maker; i.e., allowing him to buy at the BID and sell at the ASK or make the spread. […]

US Dollar Weakness Creates Scalping Opportunities

A day like today comes around once or twice a year. There were plenty of scalping opportunities today as the US Dollar got progressively hammered due to a widespread fear of a continually weakening US economy. Did we take full advantage of this “textbook” trading day in the forex market? Not quite… Today’s results were […]

A Somewhat Quiet Trading Day for Forex

The trading day began with a failed attempt to buy 35 lots of GBP/USD at 1.9057 at 10:49:48 GMT – a relative quiet period for the pound as the chart during that time showed. Why the “off quotes” rejection? I don’t know. Someday, someone from the other side might be able to explain it to […]

Good Day Trading On The Forex Market

Today was a very good day to day trade the forex market. The FXLQ server we are on went down for around half an hour early this morning – close to 5 AM EST. I notified FXLQ and it was quickly restored. Don’t know why it happened. I spoke to Brian from FXLQ this morning […]

Delays in Day Trading EURUSD

Most scalps positive on 35-lot day trades of EURUSD. Still experiencing same type of execution problems. For example, the trader experienced many trade rejections in a row with the “off quotes” message – especially when trying to close out a position, even though the price had not moved by more than 2-pips [the maximum deviation […]

Day Trading on EURUSD

Trader today tried scalping 35-lot clips of EURUSD instead of GBPUSD. Even though the euro moves less than the pound, so the potential profit per trade is less, maybe the increased liquidity of the EURUSD might reduce the frequency of the “off quotes” rejections. I can only hope! Just received the trade log from Nigel […]

Why MT4 Rejects Orders and Trading Delays Continue

So a gain turns into a loss while trying to exit. After two straight positive 25-lot transactions, one transaction wiped out all gains. See the section from the MT4 trade log that shows the losing transactions and the delay in exiting the trade. 15:52:48 ‘1002’: instant order sell 25.00 GBPUSD at 1.9121 sl: 0.0000 tp: […]