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goes out the window during news. Now in order to scalp, you need a specific pattern that you look for you entries, this you will have to figure out for yourself. Qadri, department of Electronics Engineering, Sir Syed University of Engineering Technology (ssuet Karachi, Pakistan. On a good day if i decide to sit in front of my computer I can end the day up 30-40 pips. I place only about an 8 pip stop, And thats it, this is the only setup I trade when scalping. I do no trade minis or macros. Because they lack the confidence that their strategy works, a working scalping strategist knows the strategy works and has no fear if the the trade keeps going, they dont care, they know they can repeat the process. Farooq, department of Electronics Engineering, PAF-Karachi Institute of Economics Technology (PAF-kiet Karachi, Pakistan 75190. When you have scalped a few pips and youre on a streak, log out of your account and call it a day, walk away patting yourself on the back knowing others lost. I use NO indicators on my charts, you are scalping it serves no purpose.
When scalping you should use an ECN broker. Not in and hold for more. The point of scalping is to hit and run, even if its 2 or 3 pips, a scalper is out. Note, I trade 1 full lot at a time.
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The problem with people scalping is usually, they get a scalp it goes there way a few pips, then instead of getting out the greed sets in, they hold and it turns to a loss. Dont force setups that arent there. Dont overtrade either, and try to scalp every move, know when your on a run, walk away green. I dont care if it keeps going, I because that is all in hidsight, at the time you place the scalp You do not know which way it will turn, all you care is about is grabbing pips. Have self control is a key factor, not just in scalping but in trading overall. And some brokers dont even let you scalp. Scalpers, must scalp, and not break the method letting trades turn into swings, that defeats the purpose and will not be consistent.
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