Scalping

Just a thought - in Oanda's forums at least 2 rich people (with acc over 100k) were talking about scalping. Generally, it makes sense, intraminute bars are about 4-5 pips wide, and with oanda's 1.5 pips spread on EUR/USD, it might be profitable, or not. Generally MM comes into play as there are literally hunderds of signals during the day. I probably have to investigate this further. I wonder if CCI shows signals just as well on small timeframe charts. Maybe a small tick chart would do (up to 20 or so).

I probably have to look at that coin flip trade video on woodiescciclub. This might work well where you enter on green bars, and exit on red, considering the mini-trends are significant enough.

Isn't this grid trading, though? One reference in OANDA talks about 1000 trades per month, which is.. around 30 trades per day. Roughly a trade/6min. Managable. I wonder if it's possible to couple this all with trading news. Doing it with limit orders and otherwise going grid scalping? Definitely worth investing.


Notice the chart. The small swings are around 10 pips, each bar around 4 or so pips wide. If taken in account the 1.5 pip spread, so that would be around 5-8 pip target. Not bad if done 30 times a day. Ultimately, 150 pips per day? Just ultimately, of course. Maybe this 30 trades per day is even too little of a number. This one swing is 15min, for 10 pips. You can always couple that normal news trading which results in huuge moves. Well, this might be really worth investigating further. Suppose a 20-30 pip swing in a market. During that, the price usually bounces up and down many times, and if scalping, one could take advantage of those little moves, and then go up the timeframe for news trading. However it even works fine with new tradings where you generally would use 1min timferame.

Oanda's 1.5 pip spread one EUR/USD might make it possible. Gnerally, it won't differ from futures in that respect where you have to make at least +1 pip to make for the commisions.

Another good thing about this would be not-so-wasted time. Generally I can go mad waiting for set-ups to form, even on a lot of pairs.