Scalping

Quote from daxscalper:

DAX.
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I agree.

Although I am not constantly in & out, so not really a scalper, but an intraday trader, from personal experience I can add that unless you are an exceptionally lucky individual with a great feel of a market, the following has to be established to continually derive benefit from trading, no matter how short or long you hold on to a trade:

1. Range/pattern analyses;
2. Establish appropriate risk/reward based on point 1;
3. Buy Lo/Sell Hi;
4. Scale out (ImO/E);
5. Understand how to read a headfake;
6. Many hours of screen time;
7. Try and find a set-up that is at least 50/50 win/loss;
8. Never average down what is a confirmed losing trade;
9. Don't overexpose trading capital;
10. Don't 'fall in love' with a trade;
 
Based on the different explanations about the method of scalping, I would say one of the most important factor would have to be SPREAD the big S.

do you agree?

ps. I wonder how the words best traders make a profit take for example the so called FX chiefs, other big players and even Palmeve. Look at their website PALMEVE it’s a dot-com.

however tho my favorite method of trading is based on Fibonacci. “GO FIB” :cool:

bye4now
 
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