DislikedBasically, the only real method I have been using is waiting for the 5,3,3 to cross over 20 headed to 80 or 80 headed toward 20. That move from one to the other is usually 2 or maybe 3 of the 5 min candles. It can be 4 or 5 but it moves pretty quickly. It is a very quick trade, just looking for that 3-5 pips. I also have the 14,3,3 stoch there to confirm direction and help determine the exit. I do have the mac-d and rsi there as well, but they are very secondary and there pretty much to confirm volume. Almost all of the swings in either direction today were of the 20-30 pip variety with no re-trace surprises.
Since 5pm CST, there have been 7 very predictable moves and each was an easy 5-10 pip safe profit. I tried to post a screen shot but I am having difficulties.Ignored
Out of curiosity, those trades you are talking about, were they in both directions? ie long and short, or just in one direction? I have found with scalping, that you increase your chances of a positive trade if you trade in the direction of the primary move, ie with a directional bias.
Really looking forward to discussing this further, as I have been trying to find something to increase the odds of taking 10 pips or so on a GJ 5M candle.
Regards,
K.