karmapala's 3 pips scalping journal

Another thing I find helpful for scalping is to use bar charts. With candles, the eye tends to not see the wicks very well, and so you don't realise the full extent of a move. With the bars, you can see every pip that price took.



Another help is the TASAYC System thread here on FF. It's a long and detailed thread, but it is the best scalping thread I have found here. He also uses a small TP with a very large stop.

Have you ever looked into tic charts?

MT4 does not offer Tic200 charts but E signal does.

I am not sure how well tic charts work in FOREX as I have never really used or researched them in the FOREX arena however it might be helpful for you to look into it.

This is a 10 Minute YouTube video where a trader talks about the advantages of using a tic chart even over the 1minute chart for scalping.

It's possible using tic charts for you to improve your risk/reward ratio.

Found shooting star at EJ; even very busy but I can't left this behind:

http://i1229.photobucket.com/albums/...ps0912e241.png

You need to trade 1 pair and trade that well before bouncing between a bunch of different pairs.

Try 1 position in EUR/USD & 1 position in USD/CHF simultaneously and get some momentum that way.

Build an account balance first with (to use a baseball analogy) singles and doubles. Once in awhile you'll hit one out of the park.

Strive to become the Hit King.

Just my 2 cents.