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It is of great importance to understand the time that you choose to trade in and know what you can potentially expect at that time of day.
This differs for each instrument so it is essential to study market behavior for your particular instruments. I ordinarily trade only 3 instruments the DAX, Euro/USD and the GBP/USD and am familiar with their behavior throughout the trading day. Other vehicles work differently so I will only trade them (and I do occasionally trade S&P, WTI, , and other currencies) after I've studied their time related action.
Timing issues are hard to figure out and occasionally it's easier to acquire a trading system, not so that you can follow it stupidly but rather use it to supplement your own reading of the market. Always best to read forex trading system reviews. A systems I use regularly to supplement my decisions is forex rebellion. It fits in nicely with my MT4 setup and adds confirmation to the timed entry.
The favorite time to trade the DAX is close to the London open at 03:00 EST, as the open regularly brings a large surge in volume and it's easy as pie time to scalp.
It is routinely possible to achieve a gain of 20 - 40 points withing 30 minutes. As my daily target is 30 points and it is often hit within 30 minutes, I can then relax and look for perfect set ups that will not risk the gain.
Another good period to trade the DAX is around 13:30 UK time (08:30), but need to watch out for any news announcements as this is the time most US releases come out (CPI, GDP, NFP etc). It it a pretty volatile phase and once again it's easy to capture good trades then.
About 60 minutes after the markets open (London and NYC) we commonly see consolidation and I tend not to trade these periods, it can be quite frustrating.
You must have noticed how fast the time goes by when you are in a trade that is losing money and how slow it is when a trade you've entered just hovers around break even.
Of course it's the same period of time, it's just our mind playing tricks on us. In my view, I look for a trade to move my way within 2 bars (1 min, 5 min or any other time frame you trade). If it stall I close and wait. My experience is that if a trade doesn't move your way quickly, it is a less probable trade. Be patient before entering a trade and not after you've entered it.
Timing is a separate issue and depends on your trading system, one of the methods I use, is reversals at known pivot points. This is a rubber band form of trade and commonly a person can catch a reversal and a new short term trend.
In these cases, with scalping, if you have a particular price area you are targeting, timing makes a big difference, enter prematurely you may get stopped out, and if you enter too late you will miss out.
Therefore, remember that trading is 90% is a mental game, and if your mind is not sharp or you're not in a good state it's best to not trade, better to recover, and then go back.
I use meditation, and always make sure I am completely calm and confident before I trade. Lately I've been using a subliminal video and I find it's helpful, 10 minutes of watching and I am ready to make money efficiently.
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