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Old 10-06-2005, 22:33   #38 (permalink)
natebuse
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Re: Scalping Strategy

I also trade off the 1 min chart and sometimes the 5min. I usually will only trade the eur/usd from around 7:00 - 11:30 or so. My main way I trade is off of s/r levels and I also use rsi to confirm my trades. I'm not sure if any of you have used any s/r numbers before, but I have been using some from www.rdstrader.com. Mike is originally a pit trader at the cbot and now trades online and helps others traders. I try and pull 6-10 pips per trade but also will hold for longer and if the market in trending. Then main problem is the trading platforms for forex are not made for scalpers. I'm looking into the institutional platforms that refco and fxcm offer to see if they are better.
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