Trade forex best scalping indicator
The Elliott Waves derived one. Hence, you can define a range. This is one of the most important events on the economic calendar. Typically, the market is slow on Mondays. Learn the 3 Forex Strategy Cornerstones.
The moment it came, it was a quick twenty pips profit, from overbought to oversold levels. The hourly chart works best here. If the market moves too fast, your order gets executed where the market is.
Hence, you can define a range. Moreover, the pips target may not even come. And, when to exit.
Even better, when traders expect a range. Hence, scalp trading becomes riskier. And, scalping their way out of it.
The fastest, the better. When the market moves, it may take less than half an hour. They use an oscillator like the RSI.