Watch the pro do scalping b4.. so thinking that I should try too... and I daringly use real account to do it. I shouldnt, really. But, everything went well.
On the 1st 3 tries, did some error an d end up losing few pips. Set myself some rules later:
1) only use 5min chart to do scalping
2) take note of the indicators. I'm using MACD,RSI and Stochastic. To enter long, stochastic muz b at oversold level. The same with RSI. For MACD, crossover must have happened (still need more testing)
2 out of 3 of this indicators must meet the requirement to enter into trade.
3) must close position within ±10mins. Unless its a winning pip, adjust the SL to secure profit and leave it reach TP. In case it is unable to reach TP, close myself. And most important, always have a SL. Preferably around 10pips.
Result: I end up earning some pips back, and even manage to cover all the loss I made yesterday, with profits of course. =D
What I learn tonight:
1) scalping best done in a ranging market.
2) a trade system is really needed.
3) always take note of economic news. It can make indicators turn against me.
4) Twitter is one of the best source of obtaining info.
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