Simple Scalping Strategy

MoneyTec Forums Trading Strategies Simple Scalping Strategy

This topic contains 40 replies, has 2 voices, and was last updated by  FXGuru 1 year, 7 months ago.

Viewing 11 posts - 31 through 41 (of 41 total)
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  • #918

    nahiyar
    • 0

    That is what, I am also doing.I also scalp using the M1 and M5 charts, because we can easily predict the movement of markets for small number of pips, like 5-15, which is our main goal.However, I do not use any kind of indicator.I prefer to trade manually by looking at the charts up and down movements..

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    #919

    andry777
    • 0

    We can also predict the movement of price in short time, is it sideways or not? If that is sideways condition so
    we can start to do scalping but if condition of market has tendency to become trending so we can leave the market
    without scalping at the moment and take other opportunity.

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    #920

    murali603
    • 0

    I didn’t tried sclaping so far that too on small time frames, if we know candle sticks well then we can also make some good pips with those analysis even in some Big time frames we can sclap well.

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    #921

    dollar
    • 0

    i agree with you. i also never try sclaping. but in my view if we use candle stick then we sure make good profit but big time frames not good for sclaping. In sclaping targets only 5-10-15 pips with in minutes. if go in big time frames then our tp become more & we find re-enter chance after long time.

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    #922

    murali603
    • 0

    Yes, if we try on 5M or 15M time frame then we can have some good pips if we have any hammer candle observed in the chart,IN smaller time frames we see more number of trend reversal candle so we can make more pips.

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    #923

    andry777
    • 0

    5M and 15M Time Frame are the best time frame for scalping, that is my opinion because if we used more than 15M Time Frame, i think that is not accurate anymore for short-term trading like scalping. And also, it’s better to look candlestick from last 5 Minutes to decide what will happen in the next 5 Minutes. If we used 30M, that is too long and it is good for determining tendency of trending only.

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    #924

    murali603
    • 0

    if you follow candle stick analysis in Scalping then there is nothing to worry, we can find some good number of trend reversal candles in smaller time frames and if we follow them then we can see some good amount of pips in our hands, I am going to apply candle stick analysis in smaller time frames and test my scalping ability.

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    #925

    dollar
    • 0

    as per my experience candles not give right singnal in small time frame. candles give batter singal if we use in day chart. In my view for scalping trading trend lines are good method. we can use other indicators aslo.

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    #926

    murali603
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    Candles will give better signals most of time but we should know what will be the movement when we see some particular candle in chart, if we see hammer candles in charts then movement will be different for every chart, for M5 we may see some 15 pips movement, H1 40 pips, H4 60 pips, Daily chart 100 pips and for weekly we see some 300-500 pips movement after previous hammer candle.

    So if we scalp on M5 then the TP should be small as compared to M15.

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    #927

    dollar
    • 0

    trading with candle in small time frame may be give good result. i dont have any exprience of scalping. i trade in day chart with the help of candles patter & techanical analyses. but in my view for scalping trading fundamental & techanical analyses is good and its simple method also.

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    #1580

    FXGuru
    Participant
    • 104

    It is absolutely critical to have simple strategy whether it works for scalping or long term. But in order to make any strategy work even if it’s just simple.

    I believe only demo account is the way forward for us to be able to work out things properly and to make any strategy work out as well. If we are not able to manage it correctly then we will only struggle to do things.

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