ForexSpirit

I feel that I have learnt enough from my experimenting with the fti approach for it to be worthwhile returning to my scalping approach. I had originally anticipated that it might take me till the end of February to reach this point but after some reflection over the weekend I felt that the last three weeks provided plenty of insight on which to draw upon.

The first two changes I’m making to my scalping strategy is to only trade EUR/USD and to only place trades during the NY session during when I am able to actively monitor the market. No more overnight limit orders or dividing my attention across three markets.

My daily goals are to secure at least three profitable trades a day. I will be very cautious after five trades and thus it’ll be very unlikely if I make more than five or six trades in a single day. In pretty much every other area I’m still sticking to my original scalping guidelines.

The only other area that I am likely to change is the size of trades either during the drawdown of an open trade or after a loss has been booked.

Total daily pips: 55