Hi everyone.
I’m learning scalping.
Is anyone willing to explain their scalping strategies and chart setups ?
Please share, I’d like to learn and implement them.
Thanks.
Go on over to Free systems section and you’ll find some scalping strategies there as well as the threads to participate in. If you’ve already checked them out be a little more clearer with what you’re looking for. Scalping can have a broad definition. Some strategies are based on a one minute time frame, some are based on an hour; some are based on price action with no indicators, some are price action with indicators.
Thanks gp00053.
Hello traders,
Please suggest some books for detailed study on scalping and news trading strategies.
When you say news, what do you mean? Are you talking about events on an economic calendar? If you are my strategy is simple. I don’t trade any pair that has major or medium announcements for 30 minutes before and after.
Personally I can’t recommend any books on scalping. When I was looking for scalping strategies I started at baby pips in the free section. Next searched “forex scalping strategies” on the internet and u tube. I found a basic scalping strategy I liked, then started practicing it on a demo account, and then started personalizing it Kept the parts I liked changed the parts I didn’t liked.
You want a strategy that addresses: trend, momentum, beginning of a up or down candle move, support and resistance. For me I used indicators to address each of them? You also want to have a strict set of rules to trade by. No one else’s strategy will work as well for you, until you use it in practice and get enough experience to personalize it. All trading is based on price action; where has price been and where do you think it’s going to go. Everyone approaches price action differently depending on why and how they are trading. The most successful use a personalized trading method, that all things being equal will give them more winning trades than losing ones. Then they apply their trading method using proper money management, patience and discipline.
I think you should try visit this link: 301 Moved Permanently I have been testing some scalping strategies at Profiforex lately.