for me this is the "original" style of what "scalping" is or where meaning of "scalping" is coming from : supershortterm trades working with buying / selling on bid + ask to make those very fast trades only going for 2 ticks or so.
thats the way such trader produces thousands of trades per day.
step by step the word "scalping" was used in gerneral for all kind of shorter term trades later and not only for this bid/ask play anymore.
Yes the guy is Mostafa Belkhayate in morocco , trading in multiseconds , instinct trading as he says.
Session of friday 5 mars , 8 minutes of trading during shoppy period , he sells an buys at 1 tick
When price get out of the range 1134.00 - 1133.75 he gets out of position directly .
Last edited by celan; April 19th, 2010 at 08:33 AM.
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Looks quite impressive Jugador. Are you still scalping? Still profitable? I'm just wondering: why did you only trade one side? And how did you decide to scalp at that moment? (I'm sorry to bother you with these newbie questions ).
@ Celan: Thanks for the additional info. Did he told more in the video regarding his method/style?
I'm not allowed to post any links, how annoying. :S Try googling on his name and forex factory, and the code for the Center of Gravity indicator can be found at mql4.
(Sorry for the brief post. Don't take it personal, but the great IE crashed two times while composing this post, so for the third time I'll keep it quite brief. )
I won't spend time in translating, and I don't think it will be as funny in english as it is in french. In french, it's really really fun, and you don't need to watch the video more than 2 minutes to understand that this is a joke.
This guy is a joke himself, and famous in France, as one of the worst "snake oil" sellers (which is a good performance, because we have some great experts in "snake oil" selling).
Here he is sclaping with a demo account, with a software which allows unrealistic fills (price touched -> order executed, with 1000 cars on each bid/ask...), exiting after 1 tick profit, his P&L don't show commissions, etc, etc.
The last time he was selling an indicator, which displayed support/resistance with great accuracy. Unfortunatly, it was repainting the past, and shows what was the resistance/support 3 hours ago .
Had a bad day, feel a bit depressed ?
Watch one of his videos, 30 minutes of laugh guaranteed
Usually in trading, those who know don't talk, and those who talk don't know. (Al Brooks)
success requires no deodorant! (Sun Tzu)
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