The way i tend to trade is by using your strategy on a 10 or 15 minute chart.
Go long when MA 50comes down from top and go short when MA 50 crosses it from below.
is it advisable to use a 10 - 15 minute chart for your your strategy. To scalp.
Appreciate the help
I tend to sit at my computer all day so scalping does suit me. But thank you so much for the information you have given me on EUR / USD - i think i will try to let my Profits go on a bit.
I just think that as soon as i leave my PC it will hit my S/L and i will lose out!!
Maybe i should trail...
Baruch,
Thanks for your reply, Maybe i am a scalper i dont know, but is it bad to be a scalper? I just thought that by doing it this way i will minimize my losses, (i understand my profits will be smaller too!
Hello all,
I am a complete novice to the forex market. I have started trading a live account but i tend to let a lot of pips slip past me by closing the position pre-maturely.
Meaning i pull out after 10 or 15 pips profit. Is this a very bad way of trading?
Am I going to lose out more...