Trading Forex is Hard

5 was planed, managed it to 4 green .. price was hesitating too much 0,2 pips near my TP.

With a closer entry I had my 5!

5

EDIT- TP hit @2R

+7

Edit: hit 2R TP

- 2,5

So to conclude everything ive learnt about scalping the minute charts im going to try and end it short and sweet.

The charts have two things happening, first is the structure in general, because the theory is "what goes up must come down", These are really just pullbacks in the bigger timeframes but look slightly bigger on the minute charts, but to our advantage we can try and identify them as they form, and then either, take the pullbacks to the top (or bottom) until they form a range and are ready to return the move down (or up) or just wait for the tops (or bottoms) and try and scalp them to catch the whole move down(or up). Samples below (I think you understand the idea)





These moves (ofcourse) can come in bigger or smaller sizes.




They can take the whole chart for the day or a small portion of the chart, but guess what, the principal is and will still look the same.

Now, for the main tool you should be getting in and out of pullbacks that look like this




These are small moves anywhere from 3-7 pips but this is the main tool to getting in and out. They should look clear and you can watch them form live to be sure when you are getting in that they don't suddenly break and change to a different direction. a stop is usually put at the top or bottom of these but not too tight, as sometimes a tiny fake spike could take you out. (I've spoken about these here on the thread before, they are a staple and essential)

Some of them will look nasty like the image below, the solution is: be patient and watch the moment and watch it move, give it space to move in the direction you're expecting until it starts looking like the 'V'

Use pins for clues of exhaustion and reversals with each individual candle!

This is a really good post with many knowledge. Many thanks you have take the time for it.

Have a nice weekend.

Greets Michael

Wishing you all a good trading week.

Thank you. Which Broker do you use?

about 4

Second one is hit! Any opinion?

E/U buy trade, forming channel trade, stop around 1.0660

SL to BE. and finger twitching to close trade.

(I cant post live trades scalping the minute its too fast)

GBPUSD potential buy scalp



Failed buy trade.

BO

Hi Venividivici!

.. I m a couple of days free with my job, take the time and make it golden.

Hope you re doing fine.

Guido

Range bound!

Unfortunately I haven t seen this a little bit before.

Range bound with fishing liquidity.

Unfortunately a too tight SL (2 pips+Comm.)

Better too tight than too large-
- works also in many kinds