Yes mostly the NY session, but I will have a look anytime I can. You never know when you will come across one. Probably trade about 6 hours.

EUR/USD Scalp 1 min

nice job. yes, if you see it hanging around the 200 like that, just leave it alone and come back later.

EUR/USD Scalp 1 min

haven't been trading much. tax time!

EUR/USD Scalp 1 min

what you are talking about is why i always wait for a good move to happen before i get in. you trade less this way, but you are getting in at great prices. i can't give you an absolute answer on your exit, otherwise it would be a holy grail that ...

EUR/USD Scalp 1 min

You would not have entered there because it is basically the first push away from the 200, if that is in fact the 200 with envelopes around it. I wait for at least 3 pushes away first.

EUR/USD Scalp 1 min

Yes, I wait for it to break away from the 200 before considering entries. The further away the better. Better chance for retraces.

EUR/USD Scalp 1 min

I wouldn't trade in this area. It's too close to the 200 awaiting a breakout. Although it did work for you this time, you don't want to get caught on the wrong side of a breakout.

EUR/USD Scalp 1 min

This looks like a breakout move. I never trade these. You must wait for several pushes in one direction before considering getting in.

EUR/USD Scalp 1 min

No problem. If you are very patient and very picky, you can be well rewarded trading this way.

EUR/USD Scalp 1 min

Just be safe trading this way. One bad trade where you average in too much can wipe you out. I am more conservative, and will wait for a strong move to make a good run before I think about getting in. It increases my odds based on the theory that ...

EUR/USD Scalp 1 min

Well said. This point is key. Keeps you out of trouble. Waiting for at least 3 good pushes will keep you safe most of the time. Nothing is absolute, however.

EUR/USD Scalp 1 min

Nice. Do you stay in the trade if the RSI gets pinned up/down in the OB/OS territory on a strong move?

EUR/USD Scalp 1 min

I don't let it run too far, but each trade is different. Your money mgt. will dictate how far you let it go. It's discretionary for me.

EUR/USD Scalp 1 min

I don't have a hard stop loss set. I also average in. Go Bucks.

EUR/USD Scalp 1 min

Glad you are getting a feel for it. Let me know how the 12 pip stop works out for you on the EUR going forward. When you say double up, are you increasing lot size as you average in?

EUR/USD Scalp 1 min

Good job on waiting for that 3rd push. You don't ever want to get caught in a breakout.

EUR/USD Scalp 1 min

Use the RSI at 8.

EUR/USD Scalp 1 min

Good to see it working for you. However, by no means would I endorse your money management!

EUR/USD Scalp 1 min

yes, i am looking for divergence on the m1. when i refer to pushes, it doesn't necessarily matter where they take place. i am just looking for 3 or 4 pushes in one direction without a significant retrace.

EUR/USD Scalp 1 min

yes, that is why i trade this as a discretionary system. somebody may want to try it mechanically. i don't know the numbers would turn out in that instance though.

EUR/USD Scalp 1 min