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Not really ES... I know several traders scalp from M30 and 1H timeframe too... They are looking for their small set target with high probability during the breakouts or Sup/Res... Cheers,

The point is: If you loose 6-10 pips you can gain back within a day or two (and you will have money to take the next trade)... but time based exit will save you some pips as you will close the trades with -4 pips, if it does not move in your direction... Why small target of 3-6 pips: Easy...

Stop loss must be -6-10 pips... Penny Pinching... otherwise it would be like Big Ball system... which is not good... Cheers,

Absolutely... Stop reading books and stop searching for the next better indicator... Just use 1M or 5M timeframe -- Get in and out -- within a month your hit rate will increase -- with proper Money Mangement and compounding -- you will be laughing... You only need 2-6 pips per hit... With this...

I am doing this for 3 years... Market always range between 3-6 pips (and you have several currencies - one of them will give your daily bread -- and 24h)... Just use 1M chart and see how many opportunities showing up... You need a tool to filter the bad moves to get in and out -- my target is...

http://qweet.piranho.com/philosophy.htm

Best Wishes AMT... -- Linuxtroll