Indicators For Scalping, please post here

[pro87]

Hello again tymen1 i saw that you use candlesticks with small time frames and just get small pips . scalping did you try to use them in longer time frame like 1h ?I`m sure that you will have better results .... like i said i also use them but i don`t use Bollinger bands ...only stoch rsi and candles but i`m pretty pleased with my results.o yes and how much you average get per day ?

Regards,

Teodosy

[tymen1]

I use 12 time frames, the longest of these being 1 hour.

My approach is basically a scalping arrangement with a target of 9/10 pips on the first candle.

But if you go beyond the first candle, anything is possible via the way of earning pips.

My money take is irrelevant, anyway, i spend most of my time on the sharemarket.

[iinzall]

I am still keeping on learning Tymen, It's a great Method...

Regards,

IIN

[sameer666]

hi guys


i m trying to trade with candlestick really interesting as it seems. but i use daily charts and go for 100+ pips but at the moment i m struggling to find overbought/oversold indicator as all of them laggy or in accurate( by accurate i don't mean 100% but atleast 70%). so any suggestions on will be greatly appreciated

thanks

[iinzall]

Originally Posted by sameer666

hi guys


i m trying to trade with candlestick really interesting as it seems. but i use daily charts and go for 100+ pips but at the moment i m struggling to find overbought/oversold indicator as all of them laggy or in accurate( by accurate i don't mean 100% but atleast 70%). so any suggestions on will be greatly appreciated

thanks

There are many indicators to show price is in overbought or oversold. But may be you can use this one. A stochastic with colors. here is the link to the thread, there are may choices of the stochastic.

Stochastic Color Bar! - Forex Trading

Hope this helps.....

Regards,

IIN

[sameer666]

hi

thanks for reply, the main confusion is that some say stoch is good some macd, some other indicator, i just need something that is better of the range of indicators that are available. thanks again


cheers

[sameer666]

hi guys

this is the most confusing state of the market to me, when the trend keeps going up or down but steadily instead of fast and sweet way . any one have any suggestion how to see for reversal ?

cheers

[Tess]

Why not take the easier & more obvious option, & run with the trend?

If prices are travelling ok on the hourlies, zoom into a lower timeframe reference (15 or 30m) & buy a pullback in an uptrend/sell a rally in a downtrend.

When prices begin to display reversal behaviour (lower lows & highs/higher high's & lows) on say a 60min chart, then is the time to begin looking for your reversal set up's. Yeah?

[sameer666]

hi

thanks tess for the reply, but the chart i posted is daily chart, so wat to do in that case ?


thanks

[Tess]

Well, given that I know nothing of your trade templates, general prep or work planning etc, it's difficult to assess what you look for & how you plan your preparation/research etc.

But if you're attempting to leg in via a Daily guide, then one option would be to simply drop down a couple timeframes & fine tune your entry via the technicals on the lower chart references?

If the Daily is in trend mode then your 60-240m frames will be in harmony. Just use your normal trade triggers/set up criteria to leg into a directional move.

Again, one such option would be a pullback on the 60min or 30min timeframe?

I dunno, like I said, it depends what you use to trigger & manage entries.