Jump to content

villain

Members
  • Posts

    6
  • Joined

  • Last visited

Posts posted by villain

  1. Re: Is M5 scalping dead?

     

    I do trade the M5. I dont have all night or day to trade. I usually got only 3 - 4 hours after my daily work. well... sometimes it can extend to midnight but that's very rare. Moreover I haven't been able to predict the price action. So I can't put a limit order, I don't even know how to put a limit order.

     

    Hopefully one day I will be able... no.. I should be able. Last night I talked to an institutional trader. He managed many accounts. "How do you trade them all?" I asked. He said, "Limit order of course!! Then afterward you can enjoy your life outside." Yah.. he got a point there. But still... how do you predict that the price will go to certain point then it will reverse or continue or whatever?

     

    Oh yah.. back to the topic. I dont really scalp the M5. I usually take 20 pips on M5. I did tried to scalp the market last week. I raised the lot size then reduced the TP to 5 pips only. But it was erratic. Couldn't control the fear and greed. Eventually the capital was eroded badly

×
×
  • Create New...