Hi Mike
I just saw the conversation in the E/U thread about scalping.
I thought maybe I leave a comment there but I'm too tired about that.
If Jacko says that scalping (I mean real scalping) doesn't have any value (for him) doesn't mean that there is no way to make money with ultra short term trading, he just don't do it and that is respectable.
Scalping has many advantage if you know how to manage it but it's not for everyone.
You need to know the same as a daytrader and a little more. It's very intensive in matter of work and produce stress but for me till the timestamp of this post is the fastest way to earn pips in FX.
Everyboy has a different style, no one is the right or the wrong one.
Wish you all a successful trading week.
I just saw the conversation in the E/U thread about scalping.
I thought maybe I leave a comment there but I'm too tired about that.
If Jacko says that scalping (I mean real scalping) doesn't have any value (for him) doesn't mean that there is no way to make money with ultra short term trading, he just don't do it and that is respectable.
Scalping has many advantage if you know how to manage it but it's not for everyone.
You need to know the same as a daytrader and a little more. It's very intensive in matter of work and produce stress but for me till the timestamp of this post is the fastest way to earn pips in FX.
Everyboy has a different style, no one is the right or the wrong one.
Wish you all a successful trading week.
DislikedI too have incorporated monthly pivots with my dailies.
S/R lines to be sure.
MikeIgnored