3 Days result of scalping path.
Things to remember (for my personal note only)*:
1. Stick to the rules strictly. DO NOT enter when the price is in the middle of a range.
2. Wait till obvious R/S has been formed. Patience is the key. Do not rush nor late. Watch the timing for OP. Can use the trailing stop to maximize the profit.
3. First W%R then RSI. both in M5 and M15. OP only when both touch my target R/S.
Both indicators in H1 are only for the confirmation of longer trend.
4. Safer avoid NY Market. Noon in my time is better to scalp. Avoid high impact news. Works better in sideways.
Homeworks to do:
1. Still can't define the ideal SL. If it too close then it it easily being executed. Too far, then exceed my RR ratio and makes my drawdown exceed my target.
2. Have to try MA R/S and the ideal setting.
3. Try to increase the accuracy by combining more indicators if necessary (trial and error).
*) Notes for the readers: Sorry, these are only for my personal notes to remind me of the scalping system I'm developing right now. Since this is still in the progress of trial and error, I can't share it yet. Just ignore this posting since it is really for my personal use.
Maybe someday I'll share my scalping technique if I already satisfied of the result and consistently make the profits.
GG - 2013 04 26
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