Another simple system - Time-Frame 15

they are the 120 and 10 ema set to close..I actually mention these when fellow Meihk ask..you come across as very new to forex and maybe you should go to babypips to learn what forex is all about. I attended this school as well.GL

I started scalping on the 5 min. when I was first exposed to the forex "mess" without basic knowledge. Obviously, I blew up a few accounts. It was fast pace and target was 10 -20 pips. There weren't micro accounts and minimum lot size is a mini lot. It wasn't fair that you have to trade mini or standard lot when you start out on this journey. It is so much easier now for newbies to be able to trade .01 of a micro account and much higher leverage which can be good or bad..Nowadays,I prefer a slower pace and hence the 1 hour is suitable. Trading the hourly would require you to look at H4 at the very least..I believe in a ratio of 1:4 (minimum)..Emmanuel has taught many about ME/Me and I reckon it's a solid strategy...I do entries on the 5 min when trading oil but always checking H1/H4 to determine which direction is more probable. To me, it's a game of probabilities as we can't be sure where price will be heading..At the moment my mindset is on making as many pips as possible when I trade..Scalping requires a different mindset and approach where you should be thinking of making pips regardless of whether it is 2 pips or 15 pips..I tried to do that today but I can't overcome myself and that's why I think I will lose eventually unless I change my thinking..you can see with my g/y trade I still try to milk as many pips as possible..I believe scalpers would have checked out completely with 20 pips but not me..I will do another round of scalping during the Lon. session...let's see what happens tomorrow. regards

spot on ..only H1...you are a natural..you make a good forex trader I'm telling you again

@pips29 When you are scalping, where do you place your stop? Do you use a fixed Risk/Reward ratio when scalping? Won't you have an inverted risk/reward when scalping only 2 pips, or do you not worry about that when scalping?

sandrot, I think you misunderstood me..I was trying to say to be a scalper you must have this mindset where you say to yourself "if I don't win it's o.k BUT I must not lose" and so a scalper can take a 2 pip win quite happily..I am actually saying I find it hard to do that and so it could lead to my downfall as a scalper eventually. I like big pips and therefore I spend more time than required as a scalper which could be detrimental..I don't have a fixed stop as I tend to put it just above/below the recent high/low which is usually more than 15 pips. When scalping you can't be bothered with a r:r ratio as you should trade to win regardless of the no of pips. You can set a stop of 5 pips and get hit 90% of the time or set a stop of 50 pips and get stopped out 10% of the time..Which would you choose? I have not scalped in a long time but thought I might do it again when I saw the ninja doing his stuff applying Xman method and people got excited. I will engage another round of scalps during the Lon. session tomorrow... I will limit to two pairs as It's quite difficult when you have more..I wish to point out the 5 min is fast and furious and so you should grab what you can and not think of the r:r ratio..You do that on htf and mine is always 1:2 and above

H1 e/u
on this timeframe everything is showing down but I am going to zzzzzzzzzzzz..

Thank you very much Pips29! Your praise means a lot to me
Following you advice, I will definitely pay more attention to the TDI crosses. I'm hoping I'll get a chance to practice it tomorrow (Thursday) morning.

if you find it difficult to trade go back to arjun rules.
you should trade London open - 2 hours after USA open.

Hello my long trade on NU today. SL at swing low im leaving my house, be back at US open.

gone short based on TL and pa (H1 chart)

I am experiencing problems with TS2 when I try to move from one time frame to another...very,very slow

scalping mode now

looking like a lousy morning to scalp..market is lifeless

yeah i see its not moving much i took my profit from NU.

g/u scalp...is boring like...

this one came out right after so long...don't think I will scalp again...very boring

market flat like pancake

this one came out good. I have added a short on a scalp basis on the 5 min and taken off this scalp as well

second entry triggered in

I am not going to scalp anymore...it's just too tiring and takes up too much concentration