Scalping - boon or bane?

Good luck by testing!
FXcube

EURUSD, M1, 2014 August 20

Profit #160 + #162:
+0.46 + 0.45 + 0.28 +0.40 = 1.59%

It's okay for today.

Filling up the warchest...
Maybe I'll taken more trades this afternoon for counterbalances some loss orders in the future.
FXcube

To await is a favoured coping style when scalping.
The next chance will come!
FXcube

Actual Account Balance
Swiss Scalpng A - (x9) - Leverage 1:50, Deposits: +300.-$ (Beginnig Date: 2014 August 15); actual: 355.30$, +18.43%
Swiss-Scalping-B - (x4) - Leverage 1:50, Deposits: +300.-$ (Beginnig Date: 2014 August 15); actual: 317.46$, +5.82%

Discretionary verus Nondiscretionary Systems?
I'm a trader who use a partial discretionary system. The partial discretionary system is one that generates signals that then are acted upon by me based on personal confidence in myself and my experience. By having some discretion, however, the system cannot be tested accurately because emotion can enter into the trading decisions and cause unquantifiable errors. So it's more a combination in both. You can work out by yourself some of the advantages and disadvantages of this approach by answering the question if it is always better to choose a nondiscretionary, mechanical system over a discretionary one.
FXcube

Nondiscretionary systems ae those in which entries and exits are determined mechanically by a computer.

When you trade the forex-market you've to understood that nothing is perfect and that market change character over time.
FXcube

I think that's the hard part. To accept particular, I'm not perfect.

EURUSD, Long @ 1.32821, Target @ 1.3290

Meditation could help!
FXcube

EURUSD, H1, 2014 August 20
Let's see if the actual H1 candle will close below the H1 support line.
The market after London Close should be more moving on in slow motion except of some news.

Stop Loss?
When going Long with EURUSD @ 1.32281 like #170 it need a SL, but where to set it when not throwing out by stop hunting.
That's one of the greatest qualified disadvantage when scalping! Normally I try to go on the market with lower risk (fewer lots), so I can expand the bandwidth.

Did you know the optimal f and the Kelly Formula?
So determining optimal position size, normal risk, reward to risk, theory of runs, final position size, initial capital, psychological risk, knowledge of the market, trade frequency, security quality, protective stops, ... and, ...what is when everything goes wrong?
FXcube

Think about it:
What is the chance of having a run of four losses?

Do you mean a martingale betting system is something when scalping?

Task:
You are employed as a money manager and know you will lose your job if your drawdown exceeds 17%. However, you have a system with a 30% MDD that you would like to use. How can you structure your strategy to use the system, but at the same time not exceed a 17% drawdown?

#170

Delete the target @ 1.3290
Exit @ 1.32852, +1.55$ (+0.516%)
FXcube

A bird in the hand is worth two in the bush.

EURUSD, M1, 2014 August 20

see #176

May I introduce...
..& here are the two birds in the bush.

EURUSD, M1, 2014 August 20
EURUSD, M5, 2014 August 20

There are actual 42 visitors and nobody publish any idea.
What's going on here?

Dear Scalping Trader & Non-Scalper!
Feel free to publish your scalping ideas or counter arguments at this board here!
FXcube

EURUSD, Long @ 1.32606

EURUSD, M30, 2014 August 20
Here's an actual view of overlapping candles at M30 chart.