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Originally Posted by MuddBuddha
I've had very good success scalping forex using a simple Stochastics chart @ 5,3,3 and a 5-minute line chart. I merely just follow the stochastics' peak and valleys.
It a simple, yet successful ,method IF you avoid the news outbreaks and don't walk away from the computer for mor ethan a couple minutes at any given time.
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Thanks for the rational reply. I also use short term oscillators and like to use a very short term weighted moving average, selling above and buying below. I use the MACD and RSI, and Aroon plus the wma. But I still maintain it is considerably easier to use the CME Futures Markets with a broker who charges the equivalent of less than one pip.
Patrick