I need a good 5 min. scalping strategy

so how is that working out for you after 1 and 1/2 years ?

Try searching for "10 pips per day scalping strategy". They should have it on this forum if not online.

if you want to try a indicator free you could take a look at
The System II (Yes with irony)http://www.forexfactory.com/showthread.php?t=80290

You have four choices

1 listen to idiots and loose

2 pay for crap you dont need and loose

3 make your own system, cant tell you how that probably will work out

4 dont trade

I think using tick charts with trendlines should be a good scalping strategy. Of course with a good broker so the spreads or commission is controlled.

Just sitting idle this week end & seeing whats going on other thread & come across here . happy new year to all .This as per price action to trades in corrective phase & may take the impulse only after break in the direction if the trendline .there are impulse & correction in every wave minute to big, impulse or correction , trend in trend , impulse in correction or correction in impulse .

In doing for only 5 mins job one to need lesser tf to use , say m1. picture shows all . find sr levels currently may in play from possible recent past , take trendline in recent movement & overall windowfull vews if any seen , up , down or ranging/sideways .start from one level where price stall m1 & follow corrective waves a b c d whatever small or big they may be but as a possible direction of the movements . depending on the lengths they can be bull set , bear set up , bear turn into bull or bull turned into bear , any.
for simplicity use direction at levels any as entry & take as less as pips one may desire without lust for more .if want more then reentry after the pullback , also present in smallest waves, set stop loss at breakevent to run it more . but fast scalping using m1 chart may not have the time to do so often without an ea do instead search one may set sl at be only.
to reduce risk if get enough time, may put sl above/below the level of stallation or sr related.greed less , take less , keep more patience & never forget close loosing any by chance happen to.

Only 1 trade per wave & never to trade the last from d turing point , rather wait & go after the breakout for next sr level stallation whatever smaller may be . strong sr from higher tf may take more pips than from lower tfs.
so do only 5 min including open & close trade with whatever pip you may get , happy with .



thanks , hope it may help.may not check here regularly & if any doubt one may use pm , I regularly use eurusd interactive thread though .

fontu