Scalping

Scalping the market has always been a very "stressful exercise" for me. Watching for opportunities on a 5 minute chart is not only intense but really fast moving. However, I have been scalping the market since mid of 2008 with such uncertainty in the market and it has proven to be very effective to place my trade on a short term basis.

Timing of entry on such short term trade must be precise and exact to gain the best returns. The currency to trade must be of low spread, so EURUSD is really my choice of trade, although GBPUSD is usually much more volatile, with larger movements (good with profits but also comes with greater risk).

I will share with you with trade results of this technique that I'm using. A little difficult to show the actual results as I'm trading this strategy with my other strategies, so it's really difficult to segment out the results of scalping on my account.

I took a EURUSD 10 pips scalp position earlier and here's a print screen of my trade :

About one hour later, the position closed with my 10 pips gain in scalping.

Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.