Disclaimer: This is my initial FAILED attempt to demone that scalping on very short time frames could be profitable to the retail trader.

Disclaimer2: You won't be able to invent an EA from what I discuss here. This thread will follow 30 trading days of a new Scalp account. The focus will be on approaches, but in addition mindset and scalping frame. Much will be subjective but of some worth.

Disclaimer3: This journal has been completed with 30 trading times recorded. Unfortunately, the account isn't profitable. At best, I was profitable to approximately 7%. It dropped into -25percent by Day 30.
Read along in the event that you are considering starting a little account to scalp intraday, maybe my experiences will save you from mistakes and errors so that your travel is going to be a positive one.

If you'd like to bypass the very first month, then the drawdown, and lots of egy changes...
leap to Page 4, Post #51 roughly.


Feb 2010: 5.96%
March 2010: -30.71percent
April 2010: 10.10%
May 2010: -29.64percent
June 2010: 10.01%
July 2010: -16.74percent
(account stopped July 13th 2010)