Scalping Strategy

[Tzachi]

Any1 using scalping as the main way of trading?

I do I am using cci macd & adx on a 1 min chart. Looking to get 3-5 pips a trade go in ONLY with the trend. 3-5 trades per session.

Any others?
What strategy?

[pipman]

OK...i'll bite whats your setup?

[Tzachi]

Mainly cci crosses zero line confirming with adx cross up the 20 line macd signal is IN the histogram.

All on 1 min chart looking for up to 10 pips a trade. Everage trade brings 3-5 pips in 2 min round trip.

Do it a few times a day you will be OK.

MUST- get out when reach 5-10 pips. Dont be greedy there are many set up during the day no need to hope or try to be greedy lose whatever you already gained.

[SoundFX]

Doesn't that make you twitchy? If I was scalping I think I'd develop a permanent twitch. Why not increase the time frame you're using collect 10-100 pips doing the same thing? Less twitchiness.

[wowcrazy]

A screenshot of how your scalping strategy is being done would be nice.

I found a thread in strategybuilderfx.com that uses Zig Zags to scalp.
http://www.strategybuilderfx.com/for...ad.php?t=14724

Originally Posted by Tzachi

Mainly cci crosses zero line confirming with adx cross up the 20 line macd signal is IN the histogram.

All on 1 min chart looking for up to 10 pips a trade. Everage trade brings 3-5 pips in 2 min round trip.

Do it a few times a day you will be OK.

MUST- get out when reach 5-10 pips. Dont be greedy there are many set up during the day no need to hope or try to be greedy lose whatever you already gained.

[Tzachi]

Sound FX

No do not want to see my P/L going up down during the open position Like to see it going only one way - MY WAY.

If you take only a few pips a shot few trades a day you reduce your risk of large losses.

See how the floor traders work - in out with the trend for a short time many times a day. Some NASDAQ daytraders can make up to 300 trades A DAY !!!!! they know what they are doing.

If you looking to make a living in trading you cannot work as a position trader wait for the wind to be at you back. ( maybe if your position is in the millions to start with) You must go with any movment you detect to gain as many times you can - be a trader- TRADE- buy sell as many times you can.

Is'nt 3-5 pips a trade 3-5 times a day on a margin of 100:1 or even 50:1 with even only 1 regular lot can provide you with a VERY nice income? if it is 5 lots?

I know it can.

Its ok to be greedy but know when to take the money run. than be greedy again take the money run again again.....

That the beauty of taking money the market- you have REAL profit not on paper that the market can take it back the next bar.



Tzachi.

[vmadisetty]

Can we get a screen shot of this strategy. Thanks.

[Tzachi]

MY screen shot will not help you. Its you mind set. Its your emotions that need to be in the zone to deal with the trade not to gamble.

Its YOUR way to SEE if its going up or down now to go in to take WHATEVER the market gives you to get out as fast as you can BEFORE the market may take you profit away. The market is like the ocean the waves will ALWAYS come again so be smart not a gambler.

Get ant chart get cci on it get adx on it READ it. READ it. If you can see it great. If you canot its too bad you may need to find another way to make a living.


Tzachi.