Not really ES... I know several traders scalp from M30 and 1H timeframe too... They are looking for their small set target with high probability...
The point is: If you loose 6-10 pips you can gain back within a day or two (and you will have money to take the next trade)... but time based...
Stop loss must be -6-10 pips... Penny Pinching... otherwise it would be like Big Ball system... which is not good... Cheers,
Absolutely... Stop reading books and stop searching for the next better indicator... Just use 1M or 5M timeframe -- Get in and out -- within a...
I am doing this for 3 years... Market always range between 3-6 pips (and you have several currencies - one of them will give your daily bread --...
http://qweet.piranho.com/philosophy.htm
Best Wishes AMT... -- Linuxtroll
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