When it comes to scalp trades, paying attention to volume is key. Understanding the times of day when trading volume is at its peak is essential for making informed decisions. Typically, the periods before the London and New York sessions, as well as during the NY session itself, experience high trading volume.
In my trading strategy, I focus on taking impulse entries during these high-volume times. This means entering trades quickly based on sudden market movements. By capitalizing on these rapid shifts in price, I aim to capture small gains, or "pips," in the market.
Risk management is a crucial aspect of my approach. I limit my risk to 4% of my trading account on each trade. This helps me protect my capital while still allowing for the potential to profit from successful trades.
In summary, for scalp trades, being aware of high-volume times and taking impulse entries can be effective strategies for capturing profits in the market. Coupled with diligent risk management practices, this approach can lead to successful trading outcomes.
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