Scalping Versus Longer Time Frame

Scalping with 1min and 5min for a while with some success , there is so much attached in terms of emotions and having to sit all day watching the price movements.
In transiting to the longer time frame, one would like to find out a few things from those who have been in it.
1. What is the most appropriate approach
2. what time frame is better to start with.
3. what SL and Target can one anticipate
4.What Indicators / settings eg MACD, MA, etc.

Any advice will be welcome.

http://www.forexfactory.com/showthread.php?t=27286
http://www.forexfactory.com/showthread.php?t=2331

There is nothing more you need to know to be profitable.

Learn it - understand it - do it - Boom successful trader.

The only TF U should use is 30min MACD 30/12/9 and 8/11 MA cross over.

Then turn off pc, and stick to what you said you are profitable with.
Your eyes will show u more than any spaghetti so keep them learning one think.

Change TF only if you get to conclusion you picked wrong one.

Thank you for all your replies especially for the links...

Thanks Tjpld. This is as useful post as it can be. You actually showed the way for anyone to be profitable.
As for the topic, I used to want to become scalper. Now I trade 1hour,4hour,daily mostly. Even though I am not scalper now, but I enter and exit my trades far more precisely now just because of my scalper experience. Thanks to Linuxtroll, I go to 5sec graphs and just by reading what price doing, you might find some type of edge.

Here is what I found for myself. Scalping is not for me because it is just too brutal psychologically. Also I believe some people who is very talented can archive success with scalping fast, but this is maybe 2% of traders.
1. After a lot of trying I found that pattern work best for me, shown in Chapter 4 book Richard D. Wykoff-My secrets of day trading in Stocks. This is simple momentum shift that can work on just about any time frame.
2. I actually think that best start with 5 sec and learn to see pattern like described above on this time frame, because it will take a lot more time in practice on others timeframes.
3. SL is very subjective, but if you scalp let say on EUR/USD on 5 sec there is no point to have SL more then 10 pips. Usually if your stoploss hit it is indication of bad entery or momentum shift.
4. After paying around a lot with Linuxtrall rainbow, which is a lot of MA, I decided that for me works better clean chart with no indicators at all just plain price action.
Also one thing I am strong about,(many might disagree with me about this) for scalping there is no point to waist money on real account just play on demo for very long time. I think to win in the long run in scalping incredibly difficult compare to longer time frame trading, but experience in scalping will help you in the long run for your trading even if you not become successful scalper.
It is just my own observations, some traders might disagree with this but I am speaking from my own personal experience.

I glad that I found this thread. I actually started scalping on demo account just for fun and for 2 days results are just WOW.
I trade on live account long term strategies like I said before and I scalp only on live account if I see huge moves to be able to left position started with scalping but running for a long term.
But now I scalp on demo and it just too easy and effortless for some reason. I am sure I will run in into bad days but who knows maybe finally I can get what Linuxtroll been saying for years
Good luck everyone with your trading.

Andy, do you meen Linuxtroll Simple Scalping? Or anything else. I've changed to 1M to figure out some nic patterns around SR levels - worth of looking at...

Yes. I did read every post of Linuxtroll and he actually help me a lot. However after some profitable months I had also bad months. Eventually after a lot of trying I gave up on scalping and started trade only long term. I found something useful that I actually use in scalping now from DBIS strategy. For example, when my position 10 pips or more in profit then I close half position with profit and set stop loss on 10 pips and let it run for long term. 90% of those SL will hit but 10% of those will produce pretty good profit sometimes over 100pips.
What good about this, when I set stop loss after closing half position with profit now it is like free trade and I can go to sleep and not monitor this trade particular anymore.

This is some good strategy for scalping. However Ive started my long term stategy with good success. I scalp but add positions on retracement and allow it run. possiblly the period we are in also help in giving me some pips.


Have a pipful trade!