i am aware of the risk without stop loss

will try it out once in awhile ^^

this method works for ranging market only, and expecting the a reversal is not something u want to recover ur losses. If ur larger second/3rd/4th entry get taken out easily, ur acc will be in a deep hole to the point of no return. The market can trend to the point of no reserval for months. Look what EU did from 1.52 to 1.21. Pretty much I say it is a suicide method.

One of the better method is a having a Larger reward/risk factor For example, losing 50pips is unacceptable if your TP is less than 150pips. Risk and reward and money management is extremely important in winning this game. 

And understanding the trend of the market for the day and expecting to cut the loss quick so it can be small enough to recover quickly. The timeframe of the stock market opening can have a major effect on currency too so are stock market movement.

if u want to test a method, try test the worst possible condition that the market might throw at u.

Today met a very humble guy, who belongs to 5% of forex winner. He only trade support and resistance using daily and weekly chart. He trade very less, but the winning probability for each trade is very high. No one knows he trade forex until a very close friend of him told us.

Holding +440 pips in EURUSD. Target 1.2742 - 1.2716 region if strong confirmation with reversal sign at lower bollinger band. If market not reach, position will be closed (not holding over the weekends). Happy Pipping!

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I always failed to make money by scalping. The profit that i get doesn't make up for the losses that's why i stop scalping already. Now i trade using H1 or H4 chart. I always try to limit my sl between 50-60 pips, and set tp higher than that so that the profits more than losses. Of course it takes more patience to achieve that goal, but so far have more success trading this way.