#FreeTip
#Scalping
To succeed in scalping, it should necessarily be a rule based approach.
A simple scalping strategy in indices:
1) Timeframe - 2 min (STF)
2) RSI 5
3) RSI 5 in 10 min chart (2x of STF)
Strategy:
Long condition:
1) 3 should be above 50
2) Entry when 2 dips ..

...
below 30 and crosses above 30.
3) Keep 0.5% risk
4) Exit at 1: 2 plus RR.
Short condition:
1) 3 should be below 50
2) Entry when 2 moves above 70 and dips below 70.
3) Keep 0.5% risk
4) Exit at 1:2 plus RR.
practice required.
Need to be in front of screen.
Discount broker.