Forex Elite Trader: Effective scalping strategy with minimal drawdown

6 minutes remaining to the end of 1st half of the hour

 

end of that time eurcad failed


this was the signal in case you missed it

 

cadchf at 0.633737 sl at 0.63647 close in 30 minutes if not in profit

 

what happens in the next 15 minutes matter a lot

 

Nine minutes remaining price seems to fall meaning we either close the trade or move stop loss if there is room

 

4 minutes to the end of the first half of the hour

It looks great!

 

first half of the hour over. Maybe price will move up

 

its playing games with us but I hope price moves up.

 

First hour complete. I've adjusted stop loss and will monitor price action over the next hour. The trade may not yield a profit, but it will not result in a loss

 

price failed to move up