Likely under 5 minutes. Remember, scalpers are after quick profit, with "quick" being the keyword. As you might already know, the longer you hold a trade, the riskier it is. And it's also worth remembering that scalpers only go after the same boring repetitive setup that yield profit for them. Hence, overtrading is not an issue as some might mistakenly think.
You are right in one respect , i do trade the same repetitive setup. but as you probably already know , ( Pattern recognition. candles are painted ) if you can see them ,well ,,,you can see them. The set ups are there to see . I am after ( a quick profit, but a steady risk reward, and consistent profit)
%% NO on the movies much; but i did pattern some bison, [bull elephant, different location LOL; occasional polar bears[mostly better behaved] than grizzly
No, you’re just a average guy. “2 minutes good for scalping? The therapists responded that scalping: lasting under 3 minutes warrants clinical concern. lasting 3–7 minutes is “adequate” lasting 7–13 minutes is “desirable”
There are only two things I care about before jumping into any trade. Is it overbought or oversold, and is it within my risk parameter? That makes me right in two respects.
Regarding bears I heard "If it's brown, lay down. If it's black, fight back. If it's white, goodnight," LOL
By the way - just South of where we lived - is the National Bison Range. You can drive trough - about a 10 mile plus trip - up over a mountain - come down the other side and depending on the time of day - you might be driving within feet of the Bison with NO FENCE between You and the Bison. That is another place where we took the relatives from New York that I mentioned from a previous post - and the same woman that freaked out in Glacier National Park - freaked out again - LOL. There are also Deer - Elk - and Bears on the National Bison Range.
I heard that the Grizzly will attack only to protect its territory.The Black will come to you...to eat you. Not sure how correct that is.
%% Cool candle patterns BELIEVE it or not a polar bear has black skin; +seldom fights a bull elephant LOL GOOG it + study its nose area, next to its nose, which it keeps covered when ambushing a seal LOL