Hello everyone… Let suggest to me …what is the best time frame for scalping.?..
5 second chart,
5 second ??
with all due respect Bufomarinus, Dont Concider Scalping,
This is coming from a scalper, which I am… Its annoying at best…
If I can give a small piece of valuable advise, Learn to Forecast the Pair you intend on trading… Once you can do that with success, look at the higher time frames, Like the 4H or Daily, Or weekly even…
What Im trying to say is, look for trading signals that have a high probabily to obtain more then 30 pip moves.
Im actually a horrible scalper to be honest… And I have been practicing for 32 months, and sometimes, well, alot of times, I still scratch my head of bad entries…
If you want to learn scalping, use it strictly for precision entry to maximize your trades value…
Scalping is a scared traders Trap… Especially in these days right now… There have been sooooo many whipsaws, soooo many backwards retracements, sooooo many face slaps…
Now, If I would of looked on a Higher time frame, Like the Daily, GOODNESS, I missed out…
I Love the action, Im a junky, Like sitting in a dark alley, with a bollinger band wrapped around my arm, trying to find a vein for the pinbar, with pips drippin down my forehead, as I steady push down the hammer and slowly inject the SandR deep into my system… Ahhhhhhhhhhhh,
Its just not worth it Bro,
Often people use the 5 or 15 minute chart and include higher time frame analysis for key levels.
Thank for the info …I’m new and try to learn something … The newbie always excited to do something without think any risk … Once again Thank you…
It depends on your strategy, but since you seem to not have one try one time frame (I recommend the short ones) and see how it works out and go from there.