Wanted to start a journal. I will try and scalp pairs that have low spreads a little prior to the NY session starts, probably from 6am-11am EST.. I don't have any clue how this is going to perform but I decided I should give it a go.
I also trade a more conservative style and I will probably list those trades in the event the scalping doesnt work to my own liking.
For SCALP only
5 Minute chart.
Slope Direction Line-(Period 9, Method 3, Price 0)
Stochastic's -- (5,3,4)
When both indiors agree I'm likely to follow. Really dont believe there's a need to worry about the daily trend since I'm opting to get a few pips. Its likely to be a mental SL.
Maybe this will end up being profitable, but I have my doubts...