Anyone expereince or pro pls help me up ? I need to know excactly wut is scalping. I do know the meaning of the word, but I am so lost when the word applies to FOREX. Wut does sclping mean in Forex ? Thx alot for helping ^^
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Quoting Glitz83DislikedAnyone expereince or pro pls help me up ? I need to know excactly wut is scalping. I do know the meaning of the word, but I am so lost when the word applies to FOREX. Wut does sclping mean in Forex ? Thx alot for helping ^^Ignored
Quoting Glitz83DislikedThx alot man but can i ask wut timeframe of chart to refer to for scalping ? The most ideal 1 I mean and if few 5 minutes we can earn 3 pips, it would be 30 pips in 50 minutes right ? damn nice right ?Ignored
Quoting Pips-HunterDislikedHi Fellow.
Scalping is very nice for me. I always use TF 5 min n entry market 1 minute before FA (news) released with target 15-35 pips.
Here is my methode, before FA released
Put your order:
BUY Stop Order 6-8 pips above current price and SELL Stop Order 6-8 pips below current price, with logical Target (15-25 pips) depend on FA/news
You can grab the pips wherever price goes .
Then 5 minutes after news released we can see the price direction n jump into the market anymore after retracement.
Hope this help
Pips-HunterIgnored
Quoting smjonesDislikedThis is not really scalping. This is just another variation of a straddle on a news trade... Watch out, both your orders are going to get hit, with a widened spread... I think everyone would be wise to read "Fooled by Randomness" It explains what does happen to the successful trader du jour. Watch out for those black swans...
LoL, ScottIgnored