Scalping on daily chart could be very stressful. I have not tried it and will not try it

I would rather master the daily timeframe before I even look at scalping. I also have a job at present and don’t have the time to devote to it.

I have used scalping before, it does not work.

Even before I saw luckscout,I never used to scalp.scalp is just no sense.you have to muster candlestick and bollingger  bands.money will flow to your bank aCcount .

Eric – by EOD do you mean End of Day? Taking the closing price and then setting a TP & SL in both directions or closing candle trend ? Need a bit more explanation of the strategy you are asking about

I’ve never used scalping… and I understand it is a difficult and tedious job.

Scalping is very stressful and must have time to stay on your computer To analyse the market. You must also master lot of things (Market sychology ; Support and resistance levels, trends, price action etc…
I trade daily and weekly time frame.

I don’t scalp for now, it requires more time on your computer or phone and best good understanding of the market.you must have lot of experience identify strong pattern on time. I prefer higher time like daily, monthly etc…

Scalping is gambling in forex. It is not trading neither investment .

Scalping does have its place but it is a real skill. You have to have the right mindset and practise practise practise. I have a friend who consistently makes great returns every single day but I cannot seem to replicate his strategy.

I have never trade the daily chart. Usually I scalp the EUR/USD 5-minute chart.

I don’t do scalping but I will do it in near future if l Master trading as a professional trader.

fdk191503 do you use a particular scalping strategy?

If one is to do sclaping,you have to at least follow the direction of weekly,daily and 4 hr  time frame, but if you sclap in opposite direction the probability of success become low

If find it very stressing and misleading, it may not give you a clear picture to guide successfully.

I’m currently not trading, but I don’t encouraging anyone to use this EOD. It’s better to monthly, I’m told EOD can only get you into losses.

Scalping is gambling while trading

I SINCERELY ADVISE AGAINST SCALPING ON ANY TIME FRAME BECAUSE YOU CAN NEVER BE A CONSISTENTLY PROFITABLE TRADER THROUGH SCALPING.

Sometimes scalping is too risky if you don’t Master property the scalping strategy.

Many people are making millions of dollars through scalping, it is a matter of knowledge ,good strategy and experience.