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bredin

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Everything posted by bredin

  1. The 'best time' depends entirely on how you trade. I couldnt care less about the exact time Im sitting at the computer since I use limit orders to control entry and basic exit conditions with alerts to let me know a trade has been entered, Of course, if you prefer stressful trading follow the plentiful advice in this thread. G.
  2. EURNZD its a litany of R->S S->R, BO/zero price action. simple and obvious, has been since i started trading it in 2009, nothing has changed. G.
  3. "I tried that and it doesnt work" Most annoying phrase on a forum. Or in life. "I tried" is a phrase used by losers in order to make themselves feel better about losing, a way to divert the cause of failure onto something other than themselves. What they mean to say is "I made a few trades and got it wrong, so I quit." Scalping does work, there are a myriad of methods (some better than others) that produce long term positive results with practice. The method taught to me to scalp on M5 also works on H4, which I am now trading exactly the same way except with less of my actual money on the table at any given point, a slightly tighter stop, and less intense chart time. To clarify, if my M5 risk was 10 pips, on H4 I have a smaller lotssize and so only risk 3-5 pips for gains of 7-10 pips. I may not be entirely clear, but guys that can calculate risk will be able to work it out Think of it as scalping in slo-mo G.
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