To clarify, does the vertical axis represent ticks of profit?
Jeff
Scalping - Momentum, Reinforcement and Speed
I initially thought that, but you can't green for a pound or more from a £10 stake if you're one tick scalping.
Jeff
Jeff
Tobedotty wrote: I'm guessing it's in pounds. Ticks is such a terrible measure of profit since it varies depending on where you're trading on the lader.
It would help if the Axis had labels, as I have no idea what the graph is showing. If the X axis is profit then what is the Y axis? and where does the 76% come from?Ferru123 wrote:To clarify, does the vertical axis represent ticks of profit?
Jeff
Thats how I read it Jeff
It does show how (when used correctly in the right markets), how powerful it can be.
I would be interested in knowing how to calculate the strike rate though, ie is it when both bets gets matched whilst the price is stable, or can the price drift slightly and then return to complete the trade. Just so I can compare it with my strike rate and have something to aim for.
Also, imagine if you had this automated and compounded the profits so that the stake increased slight after each successful trade (thats what I was doing in my video too, you will see the stake increase slight each time). During the course of the day, there will be a perfect market to trade and you should capitalise on it. That in turn links in nicely with the recent blog entry on risk management and maximising profits..
Well despite a shaky start; it turned out to be a good thread this didnt it!
Regards
Peter
It does show how (when used correctly in the right markets), how powerful it can be.
I would be interested in knowing how to calculate the strike rate though, ie is it when both bets gets matched whilst the price is stable, or can the price drift slightly and then return to complete the trade. Just so I can compare it with my strike rate and have something to aim for.
Also, imagine if you had this automated and compounded the profits so that the stake increased slight after each successful trade (thats what I was doing in my video too, you will see the stake increase slight each time). During the course of the day, there will be a perfect market to trade and you should capitalise on it. That in turn links in nicely with the recent blog entry on risk management and maximising profits..
Well despite a shaky start; it turned out to be a good thread this didnt it!
Regards
Peter
Unfortunately whenever I've tried scalping, all I ever end up with is a sea of red... what am I doing wrong? 
Ive just noticed we are Now Very Regular contributors!Euler wrote:I'll review this and see what we can do.LeTiss 4pm wrote:With regards to Archangel Professional status, which I fully agree is a nonsense, and very misleading to newbies, perhaps there should be a facility where forum members can give a green thumbs up to good comments and a red thumbs down to absolute drivel. People's Archangel status could then be based on their number of positive responses from other members, highlighting to newbies how helpful their advice usually is
Peter - I think we wil let you keep the guru tag!
That's a fantastically amusing start to the week - I'm a very regular contributor (I sound like a drug user)
The post count shows this already. Peter, I'd rather you either left all additional descriptions off, or allowed us to put our own descriptions
Zenyatta
I'm an international playboy and I'm the national lottery winner of New Zealand!
Euler wrote:To clarify the graph shows profit on the vertical axis and time, last Tues to this Monday on the horizontal axis.
Interesting graph now that we know the axis and an interesting blog article to support the data.
http://www.betangel.com/blog_wp/2013/10 ... till-work/
Peter, how many more days did it take to reach £120?
also, the forum chart was over a period of a week with just £10 scalps? How many scalps would that have been Peter? With 1 tick it must have been well over 1000?