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    Thread: Benzone's trading journal

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      Post Benzone's trading journal

      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.


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      Quote Originally Posted by Benzone View Post
      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.
      You are most welcome to the journal section of this great forum. Really i do not scalp but i would love to learn profitable method of scalping and also use it to make money in my forex trading. So make sure you update your journal as often as possible and if possible with chart illustrations for better understand.


    3. The following 6 users say Thank You to debren for this useful post.

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      Quote Originally Posted by Benzone View Post
      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.
      There is nothing impossible to achieve in life once determination is set in and that is also applicable to any trader willing to attain true trading success through a well strategized trading technique. I wish you success in your trading course and also welcome you into the big house of trading journals.


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      Quote Originally Posted by debren View Post
      You are most welcome to the journal section of this great forum. Really i do not scalp but i would love to learn profitable method of scalping and also use it to make money in my forex trading. So make sure you update your journal as often as possible and if possible with chart illustrations for better understand.
      I just like your response here, it is a perfect one. You do not scalp, but you are free to learning and you are open to say that also, this is a good one. I do not scalp, i do not like it too, but i do not join the traders that will be condemning the scalping way of trading. If you can trade well with scalping and make your money, just do it, not that you will be discourage other traders, that is why i like your comment bro.


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      scalping I think long wait for analysis but we take a little advantage, not worth the long wait in front of the chart, but if scalping can make profit why not, your journal is very good, because we must be smart in the analysis, I wait for other journal techniques of your


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      Quote Originally Posted by Robinmelodic View Post
      scalping I think long wait for analysis but we take a little advantage, not worth the long wait in front of the chart, but if scalping can make profit why not, your journal is very good, because we must be smart in the analysis, I wait for other journal techniques of your
      I am not suitable use scalping strategy, but I believe you can success using scalping. Learning is the way to being successful, if you will want to become successful then you have to do that through learning. Learning is the best way to being successful in forex trading. Therefore instead if hoping of making so much amount of money from forex trading we have to actually depend on learning and making sure that we have good trading skills and knowledge first.


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      Scalping is a interesting way to make money in short time but it is only possible if you properly know about market. this is not very easy like Buy or Sell with big lot size and then close it after earn some pipes. for this strategy we need proper money management planing. without proper planing we can even earn 1 pipe.
      it is really important for us to properly analysis the market and read the chart in which we want to trade. then check capital before open a trade because use big lot size with small capital is not a good idea. it is totally greed which can hurt us a lot.
      we also need to avoid scalping at the time of news because Fundamental analysis are really important for market movement and it can totally change the movement.
      always set TP and SL when use this strategy because without it you can't properly use this short way of earning handsome money.


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      Quote Originally Posted by Benzone View Post
      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.
      Halo, welcome to your own trading journal.
      Nice to see your scalping techniques combine H4, H1, M15, M5 and M1 time frame.
      It will be more simple to understand your scalping techniques if you upload your chart pictures.
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    16. #9
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      Quote Originally Posted by Benzone View Post
      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.
      Hi Benzone I saw your journal today and find that you are a newbie in journal forum. Your journal title looks interesting and shows that you have a interest in scalping according to me scalping is a very dangerous stragety in forex because it gives you a huge losses. I do scalping in start but now I left it I prefer only H4 and Daily time frame because it's a less Risky comparing to scalping. Kindly review my journal also hope you like it


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      Quote Originally Posted by Benzone View Post
      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.
      Welcome to the journal section Benzone!

      I consider scalper as smart and brave individuals because they have courage to scalp the market which is considered as risky and dangerous style of trading. Getting in and getting out of the market at the right time targeting only small pips is not an easy fate to master. There are great scalpers around, maybe you can show us how interesting and profitable scalping really is. Looking forward to see some of your chart set ups.

      Enjoy your journal and good luck!


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