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The ideal duration of a scalping trade

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The ideal duration of a scalping trade

Postby basil » Wed Sep 09, 2015 9:01 pm

forex scalping 9 9 2015

We had two successful forex scalping trades today in Pound Dollar.

The first setup came after pound news in the morning ,industrial production.

The pair moved fast to south and we took the retracement in the borders of our Tokyo box.

The first scalping target came in three minutes which is the ideal scalping time.Trailing stop activated but unfortunately it didnt lasted and hit the trailing stop in the next 50 minutes,

Then the pair made another attempt to break the 50 area and we short it again.

This scalping took over one hour and we close it with just 5 plus pips. It reversed just after we close the trade.

We managed to remain green today too and that is what matters.

Conclusion

Ideal scalping time is less than ten minutes if a pair sticks in a specific level for a period of an hour or so it will reverse.Some people call this pattern 1 2 3 reject.

https://www.youtube.com/watch?v=4CfMcziS09w
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Re: The ideal duration of a scalping trade

Postby uncle gober » Wed Oct 28, 2015 7:03 am

scalpers must trade with innovative, competent, and technologically alert brokers only, who possess the expertise and the technical capability to handle the large volume of orders arising from scalping activity. A no-dealing desk broker is almost a must for a scalper. Since trades are mostly automated in the system of a no-dealing desk(NDD) broker, there is little risk of external tampering as the system is left to sort out client orders on its own (still profitable of course).
Become IB of Tickmill
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