DislikedOne thing traders should also learn about is scalping..... With the right indicators and using the 5 minute chart you can get in and get out with 7-10 pip profit for each entry. This is what I have been doing while we are waiting for 30+ pip movement on the pivots...... By scalping I have made my 21 pip limit and everything from here is gravy. Right now we still have the 50% retrace due to it getting above the central..... This is one of the reason I try to stay out of trading between the central and daily when it is less than a 30 pip spread.Ignored
If possible would you be able to post some further details on your scalping method.
Whenever I look to trade short term scalps, unless the trade is supported by a nice candlestick formation I often find that most of the move within the range bound area is over if you wait for confirmation by traditional indicators.
Your method sounds robust and I think others would appreciate your assistance on trading markets when they are in the ranging phases.
Thanks for your help.
G-Man