I start scalping few days ago I am looking for 10 to 12 pips profit each trade I know there is no 100% win system, if any one knows about scalping system links or ideas and also best time to trade I am in western US time zone and I am having problem to catch when there is movements
If you’re looking for one that has a decent return check out the Altered Towers Scalping Strategy thread in these forums. I’ve traded it occasionally and had success.
I was interested in scalping first but with things like spreads and news it’s hard to get those pips. I’ve thus started looking at longer TFs which have benefitted me. I’m new so I’m still learning as I go.
Check out Tymen’s thread on candlestick trading too in the newbie section. He’s got a great system that I’m learning right now.
You might search under name Anakin he had a thread where he was scalping sucessfully for a while turned $400.00 in to $4000.00 in 6 weeks.A very agressive money management(risking 30 percent of capital).He vanished and so did the thread a number of months ago.It takes certain kind of person who can trade and different kind of personality who can scalp.I wish you great success on your endeavor.
[QUOTE=LTX;140942]Issit this scalping method simple?
blue arrow = buy
purple = sell
Thanks a lot for the info, is this indicator, what’s the name of this and how I can get it, it seems to me its strait forward sign.
Again thanks waiting for your replay.
Yah this method is evolve from rainbow.
quite time proven method.
last time i using pure rainbow.
but now looking to buy the indi coz it more helpful in trading.
Great to hear the rainbow with position adviser indicator could be a road to success for you. Are you using it live yet? I loved the rainbow concept but on a 5 sec chart it was so fast to read bad trades before you were in trouble!
I see you are trading the GBP/JPY, I have looked at it. Had a session on it last Friday night night, such a great pair.
I am currently working on a scalp strategy on 15M charts. Quick system to grab 10+ pips as targets. Am still testing however. I will post update when I feel it is ready to put out to the community here.