DislikedRJ, Can you please explain how are exits in scalping? Almost always I exit very fast gaining or losing.
Thank you very much.Ignored
I'm pretty much looking for spikes while the stochastic is in the extremes of oversold/overbought, as well as pivots and known S/R levels. The MA crosses do come into it, but they aren't my first thought.
In the 3 exits on the chart, the first was due to a spike while stoch very oversold. The second due to a spike while stoch overbought and turning over. The third, due to spike (that repainted), stoch oversold and PA hitting the Daily Pivot.
If you can get your SL to break even, try to let the trade run until you see an obvious sign to exit. What's the worst that can happen?.......your stop gets hit and you lose nothing....can't be all bad can it? May as well let the free trade run and see what fruit it bears for you
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