Simple Scalping Strategy

That is what, I am also doing.I also scalp using the M1 and M5 charts, because we can easily predict the movement of markets for small number of pips, like 5-15, which is our main goal.However, I do not use any kind of indicator.I prefer to trade manually by looking at the charts up and down movements..

I didn’t tried sclaping so far that too on small time frames, if we know candle sticks well then we can also make some good pips with those analysis even in some Big time frames we can sclap well.

Yes, if we try on 5M or 15M time frame then we can have some good pips if we have any hammer candle observed in the chart,IN smaller time frames we see more number of trend reversal candle so we can make more pips.

if you follow candle stick analysis in Scalping then there is nothing to worry, we can find some good number of trend reversal candles in smaller time frames and if we follow them then we can see some good amount of pips in our hands, I am going to apply candle stick analysis in smaller time frames and test my scalping ability.

Candles will give better signals most of time but we should know what will be the movement when we see some particular candle in chart, if we see hammer candles in charts then movement will be different for every chart, for M5 we may see some 15 pips movement, H1 40 pips, H4 60 pips, Daily chart 100 pips and for weekly we see some 300-500 pips movement after previous hammer candle.

So if we scalp on M5 then the TP should be small as compared to M15.