DislikedJust wanted to say Dude GREAT THREAD!!!! I've been looking for a really consistent scalping method...This is it...I have been trading for quite a while but on higher time frames...
I've traded this method for a while now both demo and real and haven't had a loser yet...Im still perfecting entries and of course exits. I love your plan because it is simple, which is essential using a 1 min chart. I combine your setups with fibs etc to try to achieve the ultimate entrances and exits...
I have a quick question---in your explanation on post 1 your state: NEVER TRADE AGAINST THE 5 MIN TREND, IF ITS TRENDING DOWN AND ITS GIVING YOU AN UP SIGNAL DONT TAKE IT ITS A RETRACEMENT WHEN IT COMES DOWN AGAIN TAKE THE SIGNAL.
My question is how are you determining the \"5 min trend\" ? As you know traders use various methods to determine the trend. So what are you using Dude?
Thanks again for your thread---I REALLY REALLY REALLY appreciate your time and effort and trading savvy...I also appreciate all the imput. There was an imput some posts back about the price going from marks by 50...ex:0- 50-100-150-200-250-150-100-50-0 etc. on the 1min chart...I had never noticed that before. This insight is GOLD-THANKS
Greg DIgnored
As for trend I use heiken ashi ...