EURUSD, M1, 2014 August 27
EURUSD, M15, 2014 August 27
Scalping at M1 with regard of the overlapping candles at M15.
(Entry @ 1.31757, Exit @ 1.31807, Volume: 0.05 Lot)
Profit: +5 Pips, +2.50$, (+0.83%; Basis: 300.-$ Account)
...& the pivotals are given exellent orientation in conjunction with the CCI.
FXcube
EURUSD, M15, 2014 August 27
Pareto-optimum or optimum?
When scalping you can optimzing your trades by monitoring higher timeframes, like in this trading example here the M15.
You recognize very easy that at this actual level it isn't intelligent when making any entry scalping orders at M1.
The market price is struggling around the middle line of these overlapping M15 candles.
When you will hedge these trades you are paying much more spread costs, which is only recommended at higher timeframes (H4/Daily by swinging trades).
The red (Short) and the green (Long) areas would given you more valuable odds of catching profitable trades, ...but somewhen these ranging market will come also to an end and a bigger price movement will occur.
FXcube
