quick twenty pips profit, from overbought to oversold levels. When the market moves, it may take less than half an hour. On top of this, scalp trading is cheaper. However, it is now evident that the spot price has broken a different, yet notable, rising trendline on this period and a correction back to the bigger trend may be underway. Next, you apply scalp trading strategies. The big, red candle is the market reaction to the last fomc (Federal Open Market Committee) decision. It means the main drivers for the market miss from the picture. It could be that the Elliott Waves count calls for a bullish move on the hourly chart. Source: m Figure 1: Monthly frequency over a long-term (10-year) time frame.
Or, a period when the overall market ranges. Assuming you have a stop loss (you must have one! Taking this into consideration, a trade can be fleshed out. Why wait for a hundred pips move, when you can grab them in small trades? Let me explain it forex reserves of saudi arabia in more detail below. So avoid trading them.