Scalping Forex, How many PIPS?
In a previous post we looked at why scalping on 1 hour timeframes is preferable to lower timeframes. We also looked at how a 20 pip target per day is extremely profitable when considered over monthly or yearly periods. Forex scalping is traditionally based on making rapid trades generally within 2-5 minutes and mostly on low timeframes. As a result huge amounts of trades are normally placed using this method. Here we will consider how trading on the 1 hour timeframe, using th