TRO wherever you are, please come back and let us know how many pips you look for when scalping.
Many thanks
Bunny
Hi Bunny:
I am not looking for pips BEFORE I enter the trade, I look to see how many I can take AFTER I enter the trade.
Most people are focused on RULES.
If you are driving a car and you have the green light, you can GO. But if you SEE a car running the RED light, you DO NOT GO BECAUSE IF YOU DO, THERE WILL BE A CRASH!
That is the reason I want each trader to SEE for themselves.
If you are trading $100 or more per pip, maybe all you need is to gross 5 pips a day and you're done.
Someone pointed out VOLATILITY. Some hours are more volatile than others. But some traders may like a slower pace.
You don't have to trade 8 hours a day to be profitable. Just one or 2 trades can be more than enough DEPENDING ON WHAT YOU SEE!!
I never stated a rule about trading during news. Must I? Some traders love trading at this time and others refuse to trade during news.
The main point is that if you can NOT SEE how this method can work for you then DO NOT TRADE IT. If you SEE IT, then you'll be making money and you won't need back testing or me to convince you because YOU SEE IT FOR YOURSELF.
If you read
HERE
and work the exercises, you just might SEE PRICE for the first time.