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Bob Volman - Price Action Scalping

  #60 (permalink)

Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
trendisyourfriend's Avatar
Posts: 3,853 since Oct 2009
Thanks: 3,428 given, 4,873 received

MrYou View Post
I don't know exactly how he would answer that, but I can guess.

He states his method would work for any instrument. Perhaps he is focusing on Spot Forex EUR/USD because its a good beginner/training instrument and he needs a single instrument for consistency vs jumping between instruments. Makes sense to me.

I was looking at FXCM spread for the EUR/USD and i think the average spread is 2.6 pips. With this method the author aims for 10 pips so if we substract 2.6 pips at the entry and 2.6 pips at the exit there is not much profit left. This is what i meant by paying a higher cost and why scalping in the Forex market is a losing proposition.

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