I also avoid scalping because it can be a great risk if market is not in favor. If you had command on this strategy then it will be good and profitable for you . For scalping we should be very quick in decsions and risk management . It is highly profitable when you use big lots .
I think scalping is a viable strat, but you definitely can only do it during news events. Now that market volume has picked up a bit, I donāt think slippage is as huge a problem as it was back in the day, unless of course, youāre playing extreme events. The transaction costs can be easily overcome by the momentum, but it does require a ton of focus that most retailers probably canāt do. Weāll see how my further testing goes.
[QUOTE=āTheDayTrader;540539ā]
Yep, thatās a pretty common observation Mike. A lot of people are attracted to scalping because they have the impression thatās where the action is and they figure that the higher frequency they trade, the more money they can make. So they head to the M1 or tick charts and find out why itās called scalpingā¦ because they get scalped.
Trading is about loading the odds in your favour. Itās hard to do that on the M1 chart when your target is 5-10 pips away and your paying 2 pips of that to your broker and you have to analyse, trade size and execute your trade within 60 seconds. Itās too much pressure and all the odds are against you.
If youāve got a day job, trade the H4 or D1 charts a while. And backtest. Thereās plenty of trades on these timescales, you only have to scan the markets once per day, you can see your setups in the making days or weeks in advance, spreads are irrelevant (although rollover charges arenāt) and news volatility rarely spikes out your stop loss.
Give it a go for a while and see how it pans out.[/QUOTE]
TheDayTrader, i love your analysis, its pretty awesome . I will perfectly adopt it . I think due to my schedule i have to learn to be a day trader. I will be on the 4H trading
Actually Scalping means open trade for a very short period of time and i think its a good strategy if you are a good scalper.
[QUOTE=Fxmall;545488]Personally I avoid scalping thanks to the yen rumble and unless you know what you are doing, the DD will eat everything up[/QUOTE]
Kindly take a look at attached file for your consideration. critics are welcome 
Lately Iāve tried to get a better handle on scalping and found out I can do it profitably within a 30 min time frame. When itās under 30 mins unless there is a very strong trend, there isnāt much profit to be made after paying the spread.
Iāve tried to get a better handle on scalping lately and found out I can do it profitably within a 30 min-1 hour time frame, using the 1,5,10,15,30, and 1 hour charts as references . When itās under 30 mins unless there is a very strong trend, there isnāt much profit to be made after paying the spread. So far Iāve made a good 25% of my account after getting back into scalping. However thatās just been over the past week and Iām not sure if I can do this consistently.