Feb 04 at 06:33
Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
it depends. it can be 15. for me its 1 and 5. sometimes i quickly enter and exit for that i generally see the 1 and 5mins..it works for me
Feb 04 at 06:58
Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
Feb 04 at 07:07
perryjohn765 posted:
not sure what you exactly mean by that. scalping means entering and exiting the market quickly with small profits.
Got it! Got things mixed up, thanks anyway.
Feb 04 at 07:13
LyudmilLukanov posted:
Scalping is a short time trading strategy that requires only a couple of minutes to trade. They execute several trades for small pips in each trade.
How many trades on average? Say in a single day?
Feb 04 at 07:14
Tradelist45 posted:
we the traders should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this. its a very dedicated decision.
What broker are you using?
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
Feb 04 at 11:42
Darrensmith posted:Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.
Feb 05 at 06:19
tracepharikson55 posted:Darrensmith posted:Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.
Can you suggest any?
Feb 05 at 07:43
LeviSievwright5 posted:
It doesn't matter what strategy you use. But you can't put pressure on the investment. That's how you need to create your trading plan.
I am not planning on initially using a big amount, if that’s what you mean.
Feb 05 at 07:45
Dictiony posted:
Scalping is a quick way of making a profit and mostly new traders adopt it at the beginning of their trade.
Because it can be done using small capital right?!
