Ask AI: describe a method of scalping futures contracts profitably

Scalping futures contracts profitably requires an aggressive trading strategy. To start, the trader should have a comprehensive understanding of chart patterns and technical indicators, and have a clear entry and exit strategy. Traders should also have a risk management plan in place, as scalping can be a high-risk activity. The risk management plan should include position sizing and stop-loss orders. It is also recommended to look at divergences between the price and the oscillator indicator to identify potential reversals in market direction. Traders should also look for a favorable Risk:Reward ratio when entering a trade. Finally, scalpers should take advantage of the high liquidity and low trading costs associated with futures contracts. Scalping opportunities are more likely to occur on lower timeframes, so traders should look at 1-minute, 5-minute and even tick charts for potential trades.