ONLY for Scalpers

Hi
I use the following scalping method on Intertrader in sterling based in the UK on
a spread betting account
The pip difference is 1/3 pips on the following that i trade
AM EURUSD,GBP/USD DAX
PM EUR/USD GBP/USD DOW JONES
I look to make 40 pips a day and only trade when markets are volatile which is
almost every day.
Trades are held from 1 min to 30 minutes
I monitor all trades and sell 70% of trade once target reached i use my own target
for remaining 30% which is maximum of 20 pips and minimum of 10 pips unless
closed at a loss.
About 80% achieve minimum target of 5 pips.
I have used this system for 2 months after having traded a number of methods during last 10 years.
MACD 5 8 9
PSAR 0.10 0.11
i USE 5 MIN CHARTS AND LOOK AT 1 AND 15 MINUTE FOR CONFIRMATION
I only enter trade when macd and psar are aligned
Feel free to trail this yourself or if FORUM want to check it out will welcome it.
Good luck

how many pipsdo u risk to make 5 pips? you have sais nothing about your stoploss.
thanks

hi
i tend to use stoploss set at 1 minute but look at 5 minute chart for confirmation.
Its varies from 5 pips to a maximum of 20 pips.
In the same way that if trading off 1/5 minutes and there is a change of psar
i mark the chart and look for entries and exit.
When i trade i try and get a feel for the market and add my own lines to charts with alarms for possible trades.
If the market is trading with little movement i use 6 pips as a stop as there is only 1 pip difference on eur/usd and dax and dow has minimum of 12 pips.
Hope this is helpful