##### Best way to scalping #####

botwa09 · October 9, 2009, 7:57pm

I start scalping few days ago I am looking for 10 to 12 pips profit each trade I know there is no 100% win system, if any one knows about scalping system links or ideas and also best time to trade I am in western US time zone and I am having problem to catch when there is movements

Thanks a lot.

soul786 · October 9, 2009, 9:46pm

If you’re looking for one that has a decent return check out the Altered Towers Scalping Strategy thread in these forums. I’ve traded it occasionally and had success.

I was interested in scalping first but with things like spreads and news it’s hard to get those pips. I’ve thus started looking at longer TFs which have benefitted me. I’m new so I’m still learning as I go.

Check out Tymen’s thread on candlestick trading too in the newbie section. He’s got a great system that I’m learning right now.

Letseethepips · October 9, 2009, 9:48pm

You might search under name Anakin he had a thread where he was scalping sucessfully for a while turned $400.00 in to $4000.00 in 6 weeks.A very agressive money management(risking 30 percent of capital).He vanished and so did the thread a number of months ago.It takes certain kind of person who can trade and different kind of personality who can scalp.I wish you great success on your endeavor.

kodziro · October 10, 2009, 5:30am

Hi.

From my experience, best place and time to scalp is when the price is testing some resistance/support levels with nice price action + divergence.

Cheers

LTX · October 11, 2009, 1:24am

Issit this scalping method simple?

blue arrow = buy
purple = sell

[/QUOTE]

botwa09 · October 11, 2009, 3:21am

[QUOTE=LTX;140942]Issit this scalping method simple?

blue arrow = buy
purple = sell

Thanks a lot for the info, is this indicator, what’s the name of this and how I can get it, it seems to me its strait forward sign.
Again thanks waiting for your replay.

Apocalypto · October 11, 2009, 6:48am

This is my canvas,

nice and simple, follow a developed trend enter on the retracement. first after the cross is normally the best.

Apocalypto · October 11, 2009, 6:51am

Hi LXT,

How r u finding rainbow scalping?

I looked at it in 2007, but i had issues with managing the risk.

LTX · October 11, 2009, 7:30am

Yah this method is evolve from rainbow.
quite time proven method.
last time i using pure rainbow.
but now looking to buy the indi coz it more helpful in trading.

Apocalypto · October 11, 2009, 8:09am

Hi LTX,

Great to hear the rainbow with position adviser indicator could be a road to success for you. Are you using it live yet? I loved the rainbow concept but on a 5 sec chart it was so fast to read bad trades before you were in trouble!

I see you are trading the GBP/JPY, I have looked at it. Had a session on it last Friday night night, such a great pair.

Do you primarily trade the GBP/JPY?

LTX · October 11, 2009, 9:04am

My main pair is E/J.
Want ur main strategies most used?

Apocalypto · October 12, 2009, 6:49am

Hi LTX,

E/J is a nice pair.

I follow a 1min chart on three pairs $/JPY G/JPY and G/$. I have been looking more to the GBP/JPY ans USD/JPY for the last few days.

I use a system called the floor trader method. it uses two moving averages to determine the trend, then you trade of retracements with the trend.

takes some time to get your eye in on decent entry signals.

Cheers,

soul786 · October 12, 2009, 8:49am

I am currently working on a scalp strategy on 15M charts. Quick system to grab 10+ pips as targets. Am still testing however. I will post update when I feel it is ready to put out to the community here.

Soon