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Cerberus
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:rofl: and berg means mountain Anyway, I think as Samuel23 pointed out if you keep S/L too close you will bleed your account to death with 1000 cuts - I know I did. Also imo anything shorter than 1H time frame is counterproductive. Scalping in FX is complicated due to the spread. In order to make any meaningful profit you need to trade more than one lot. I know there are plenty of scalper traders who claim to be successful but I think for short term in and out trading futures are much better suited.
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Here is a study that sheds some light. Seems one does have a slight edge with candle formation recognition. But who knows, study was done some 15 years ago so meantime markets have changed with new forces /machines in play. http://www.pitt.edu/~caginalp/Paper65.pdf