look at the five minute chart to see this better
lets say you entered in the strong down trend this morning at the 200 level,buy it bounced but as always with reversals you are counter trend often so when you go into green AGGRESSIVE STOP MANAGEMENT
YOU ARE SCALPING THIS IS HIGHER RISK QUICKER ACTION
IF YOU ARE STOPPED OUT FOR A SMALL LOSS 2-5 PIPS OR BETTER STILL BREAK EVEN CHILL BUDDY NO LOSS
YOU CAN ALWAYS RE ENTER
SCALPING rule 1 protect your capital rule 2 take your profits quick if they are offered
YOU ARE NOT LOOKING TO GET THE WHOLE MOVE !!!
lets say you entered in the strong down trend this morning at the 200 level,buy it bounced but as always with reversals you are counter trend often so when you go into green AGGRESSIVE STOP MANAGEMENT
YOU ARE SCALPING THIS IS HIGHER RISK QUICKER ACTION
IF YOU ARE STOPPED OUT FOR A SMALL LOSS 2-5 PIPS OR BETTER STILL BREAK EVEN CHILL BUDDY NO LOSS
YOU CAN ALWAYS RE ENTER
SCALPING rule 1 protect your capital rule 2 take your profits quick if they are offered
YOU ARE NOT LOOKING TO GET THE WHOLE MOVE !!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.