Scalping PIPs?

I've read many places the term Scalping pips. What is this exactly. I understand that one uses the 1 minute and 5 minutes, But it is so choppy. It is up then it is down then up so fast. How does one know when to get in and out. The EMAs Cross so often and sometime they cross more or less where you would of got in so you something lose the spead.

Thanks

There are many ways to scalp. Some people use strictly candlesticks, while some use the EMA method. You can also use the Stochastics RSI set at 7 or 5 to scalp. It pretty muchs depends on your personal preference.
However, you were correct in that it does move back and forth quickly. Scalping requires nerves of steel and constant attention to the trading platform.
Unless you are a seasoned scalper and have developed your own personal method, you will most likely find that scalping pays about 40% of the time. It's like learning to ride a motorcycle and then buying the fastest crouch rocket out there.

I'm not sure if you could actually scalp for serious income, and I'm not sure why you would want to.

Any MQL4 coder? i have strong information for coding an indicator "stochastics combined with EMA" if your willing to help this might benefit both of us i have an image of what im talking about....so Email { email address deleted by staff } i will share the image then we start from there.

Scalping just means you're constantly at the market going in and out. But to do so successfully, it requires a definite approach. If you define minute movements as general "choppiness", from my perspective, you won't have a good approach. I can't get results from seeing something to be choppy. And if I enter the trade with the depth that it's "choppy" guess what happens to me? I get bamboozled and there goes my money. I get results from knowing what to do the moment it comes down to it and I don't hesitate. You'd have to add actual depth regarding the data to understand what it means to profit off scalping, or any kind of trade. You're right though, it's choppy generally speaking. But there are subtleties for when it's not even if it appears to be.

If you can't clearly define to the degree possible of where a trade is profitable throughout consistently, you're going to lose.
If you have a mesh of trades some going for and against you where you don't really know, you're quite simply gambling and are working with random data.

If you back test 100% of the data, and you know 90% of traders fail.
What does that leave you? This is a million dollar question. If you can answer this definitely and have it defined with the data presented and the limits realized, you're a millionaire.
If the market was truly random in the perfect world I wouldn't see 90% failure rates. It means that the scale in the overall picture is tilted to a large degree, more so than the spread. Your job is to investigate, with a Sherlock Holmes touch of genius. And if you're not cut out to be Sherlock Holmes, you're a background character. So accept that too because life's good. Life doesn't tell you that there's only 1 Sherlock Holmes for the many people in the story. Some people are like Dr. Watson even... very intelligent just not Sherlock Holmes. 1 Sherlock Holmes in the city. And I'm here to tell you, you may not be the Sherlock Holmes type if the market is just... "choppy". Please don't be offended, such is life.

I concur on all counts, nothing to add here. Excellent post Swisse Its these details that define the difference and as you put it, how one approach the problem solving. Sometimes to "see" in the dark its a matter of using another of our many senses.

Then open a thread with the details; would be much effective! What do you think?