Good review Nitroc I agree...in my opinion he teaches pretty much everything you need to know to become a scalper.

He does not teach a system as such (more the methodology/art of scalping)...he suggests a number of different indicators you could potentially use to achieve the same result...i.e to read the market...and a number of ways to set up your charts. Scalping (or any style of trading for that matter) is not about which indicator you use, or how you set up your charts. Pick any indicator or 2 that you like and set up a template that will give you some idea of the trend direction, momentum, OSOB & divergence. Then study it...master it! That means spending literally 100's of hours in front of your screen watching every single bar forming, watching price-action and studying your chosen indicators & observing how they behave in certain market conditions and the many types of signals a simple standard indicator can give. Scalping is commitment with a capital C, discipline with a capital D & focus with a capital F. There is no secret template, system or inidcator. If you want to be a scalper or if you want to bend it like Beckham you need to practice, practice, practice and practice some more! If you are not dreaming about trading, seeing red & greeen bars forming in your head then you haven't practiced enough and haven't put in anywhere near enough screen time. That is what he teaches and what he does. He uses very low risk at 25 per pip btw (he recommends & indeed his students were trading 5/10 per pip I seem to recall, depending on their account size), but like you say thats nice pocket money if you can master the art of scalping. If you keep chasing systems and indicators looking for the secret to trading/scalping you are only going to become a Jack of all Trades (no pun intended) & a master of none. If you want another opinion of what it takes to become a successful trader or scalper watch some of Al Brook's videos. See how he spends his day locked away in a room, curtains closed focusing on every bar. Onbongo A member recently asked me for some tips on scalping, about my own strategy and how to best set-up your charts... I mostly trade the 15 min. & 1-hour timeframes intra-day, but I do some longer term trades also. I trade pure price-action, using support & resistance, pivot

points and divergence for entry & exit. My analysis is also sentiment based, i.e I spend a lot of time studying fundamentals to guage market sentiment & likely direction. When the conditions are right I do scalp a bit also. If the market is range-bound as it has been recently or up againsts strong S/R I may take quite a few scalps as price bounces of these areas. Often when I scalp in this manner I will simple do it straight of a 1-hour chart, by simply observing price, with nothing but pivotpoints on my chart, no indicators. Having said that I have also been messing around with scalping using both 1min. charts and Renko recently and had a lot of success with both. I have been using 2-pip Renko mostly for scalping. I have tried out a number of different indicators and come up with many ideas of how to trade Renko well. It really is just a case of trial & error. I recommend experimenting with various indicators & chart templates and simply applying them straight onto a Renko chart and see what it looks like. Scan back through recent price action for the last few days, weeks or more and see if your indicators/chart set-up gives good entry/exits or whether you maybe need to adjust the settings of some of your indicators to pick up the main moves in price and better time your entry/exit. However you set up your charts your main focus should still be on price-action. You should be looking to try and guage where the momentum is and preferably trade in the direction of that momentum and the trend direction for the time-frame or Renko charts you are using. There is no best way to scalp, but all methods require you to be able to watch and observe price-action and spot repeating patterns and price structure to guage the strength of a move, where a move might end, change direction, or simple run out steam. If you are looking for a ready made system to start scalping, believe it or not I have looked at Rita Lasker's Ultra Scalper indicators and honestly they are some of the best indicators I have seen for trading on the 1 min time-frame. This would be a good place to start for you unless you want to trade Renko. The only thing I would add to Rita's system is some kind of OSOB oscillator to catch the swings, time your entry and spot divergence. Again, I have experimented with a number of these and they all work well enough it is just a matter of choosing your favourite one and sticking with it so you become an expert using it. John Bartlett's video course (above) will give you many more ideas on both how to set up your charts, as well as on the psychology, MM & discipline required to master the art of scalping. Onbongo

Scalping conditions can only be determined on an hour by hour assessment of market conditions throughout any given day. You may get smooth, flowing, directional, highly-liquid conditions for a couple of hours after the London open on any given day, only for things to go completely flat/non-directional and the volume to dry up completely for a couple of hours leading into the U.S session open. You may find yourself giving back all the profits you made in the morning by being stopped out constantly for continuing to trade in non-directional market conditions with a very tight range, which is no longer suitable for scalping. Scalping is not easy! I think new traders are attracted to this type of trading for a couple of reasons: 1. They think scalping is for the cool kids. 2. They think you can earn more money scalping than intra-day/position trading. 3. They falsely believe, in my opinion, that it is easier to aim for 5/10/15 pips per trade than to aim for 40/50/100+. 1. Scalping is pretty cool. I'll give you that one...LOL 2. I am not sure I would agree that you can earn more money scalping than intraday/position trading, but certainly if you master this skill, you can be in and out of the markets in 1/2 hours, call it a day, completely switch-off from trading, and go play a round of golf if that's your thing. And there is no boring fundamental analysis. You can be completely oblivious to the bigger picture of what is going on with the Euro debt crisis and still make money scalping. Simply check there are no high-impact economic announcements due out & if the conditions are right, scalp away. 3. The smaller the profit target you aim for per trade, however, and therefore the smaller the stop-loss required to give yourself any chance of winning the percentages game, the higher the level of skill required (in all areas of your trading) to execute that system, over and over again, without trading errors. If you are aiming to lock in 10 pips+ min. per trade with a 10 pip S.L (1:1 Reward:Risk) you need to have the skills to time your entry into the market with laser-like precision. You need to have a very high level of concentration/focus, be able to think & act quickly, be able to think in terms of percentages (probability) and be able to trade without any emotions. Scalping requires the highest level of execution skill of any other style of trading. If you can not correctly determine the right conditions for scalping in the first place, not time the market with a high level of precision & lack the discpline to

execute your edge, (i.e, that means timing your entries perfectly & immediately closing out losing trades) with the minimum of hesitation & trader error, you are going to blow your account very quickly. The best way to develop these skills in my opinon is to start on the higher timeframes (1-hour +), learn the art of trading, develop all the necessary skills mentioned above & then work your way down to the 1-minute if thats what you really want to trade. But certainly a lot of practice is required beforehand. Basically, if you have to think before taking each trade & can not trade intuitively you are probably not ready yet for scalping on the 1 minute time-frame. Onbongo