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Scalping for fun!

Scalping is my favourite type of trading – for those who are busy who have limited time it involved having a trade that is on for say 5 or 6 minutes max. This type  of trading is far less time consuming than some trades that go on for days to achieve a target. I tend to look at the 4 hour chart first, look at the general trend of the trade then work up to the 5 minute chart adding resistance lines as I go. Using RSI (I’ll explain this in another post) and Momentum I gauge the direction of the trade, I’m generally looking for a trade that is moving fast in a particular direction to maximise profits.

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