EURUSD, M1, 2011 August 17
Some traders here don't know where to find the right entry point. Maybe CCI(14) could be a help for you by switching
between M1 and M5.
Then you could also trade some M1 divergences like in the frame below.
It's absolutely equal if the market price would go more down (e.g. till mS1 1.4368). If you scalp the forex market you will make some points here and some points there.
I tend to trade more this kind of scalping stlyle:
The first thing to do when scalping the forex market is... Wait! Do not trade every market situation which seems to have a higher probability of success. Choose only these ones with the highest probabilities of a profit return and go in with higher lot sizes.
Some traders here don't know where to find the right entry point. Maybe CCI(14) could be a help for you by switching
between M1 and M5.
Then you could also trade some M1 divergences like in the frame below.
It's absolutely equal if the market price would go more down (e.g. till mS1 1.4368). If you scalp the forex market you will make some points here and some points there.
I tend to trade more this kind of scalping stlyle:
The first thing to do when scalping the forex market is... Wait! Do not trade every market situation which seems to have a higher probability of success. Choose only these ones with the highest probabilities of a profit return and go in with higher lot sizes.