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Forex Scalping can also be called a quick trading. It is a method where traders allow their positions to last only for a matter of seconds, to a full minute and rarely longer than is also possible to use the indicator very effectively in a conjunction with other forex indicators or trading system.
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Especially placing Stop- Loss or Profit- Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support ( S1, S2, S3) and resistance ( R1, R2, R3) levels very often and very accurately. The floor pivot points, presented in the first column of the calculation results table, are the most basic and popular type of pivots used in Forex trading technical analysis.
The pivot point is interpreted as the primary support/ resistance level — the point at which the main trend will be born. First- third level resistance and support points serve as additional indicators of possible long term using that system you blow your account, I tested already each day for 7 months, using a good mm, risk not more t then 1% per trade with stop loss 50cause cog repainting.