terminal. Note for This system: do not trade right before, during or immediately after major news releases. It is not unusual for traders to place more than 100 trades a day.
I would advise that you should only scalp on a live account when you feel 100 comfortable with every trade. In reality, a candle, say, M15 may be closed green. Important: Recommended setup of the Price Action Scalper : I recommend to use the system on a couple of pairs at the same time.
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When you scalp a pair make sure that you purchase a high amount. (if you want more signals - you can open 5-6 pairs at the same time 4 timeframes for each) Simple and convenient! If all the above conditions met place a BUY order at current price: It is very important to wait until the price moves another 3 pips above the close it is your double confirmed entry signal. 10 11 attention: If the price does not break 3 pips of your entry level within the first 5 minutes of the hour Do not enter a trade! Warm regards Karl Dittmann December. 14 15 Place a fixed take profit at pips away from your entry point: Usually You can expect: of your trades to be profitable. Relatively small movements are easier to achieve, this implies that a larger supply and demand imbalance is required to ensure bigger price changes. The use of the books is limited to your personal use.