I get out of trade with profit when momentum runs wild. I always put in limit order when the currency in M5 row starts jumping queue and it is in same direction that
of M15. M1, M5 and M15 should be in same green color and at the top 2 of the queue for me to select it as strong currency nd bottom 2 to be considered as weak currency. MAD does this job for me. I calculate the speed of the momentum by tick speed indicator. Any will do. I also use channel indicator to get a visual picture of support and resistance levels for analysis. In short, MAD itself is a system for scalp trading.
of M15. M1, M5 and M15 should be in same green color and at the top 2 of the queue for me to select it as strong currency nd bottom 2 to be considered as weak currency. MAD does this job for me. I calculate the speed of the momentum by tick speed indicator. Any will do. I also use channel indicator to get a visual picture of support and resistance levels for analysis. In short, MAD itself is a system for scalp trading.
Practice makes a person perfect