USDCHF

USDCHF
26th October 2016 contacttf
A scalper is a type of trader that may dart in and out of a stock or other asset class dozens, or in some cases even hundreds, of times a day.

This was a scalp trade, I was in and out within 5 mins. My system was showing bullish in the short term, but I could see resistance on the 1 hour chart.

I closed after a quick spike using TF1 method 1

Scalping is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become profitable. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains that the trader has worked to obtain.

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