Scalping strategy to finish the year strong

@huntleyalan
Alan, don’t worry about it. The whole point of the forum is to try and have everyone, everyone, everyone, making money.

The MACD signal is the vertical lines on the histogram changing from above or below the zero line to the opposite side.

The Cap Channel is a free indicator in the mqls marketplace, so is the Order Block Catcher. ( I’m using a different indicator than the order block catcher now. Because it doesn’t go to higher time frames than the h4. I am now using the clever smart indicator, also free and in the marketplace.).

Putting the EMAs in the oscillator window is not necessary. That was simply a personal decision I made to clean up the main chart. You can certainly put the EMA’s right in the main chart window.

The tickseparatevolume. Shows who was in control, buyers or sellers. If you want quick money and the buyers are well in control. You may want to enter the trade when those in control are pushing in the same direction you hope the trade/price goes. I also rely heavily on this indicator when trading king of Forex style. If price has moved far away from the 9ema on one of my king of Forex chart templates, I wait for this indicator to go to 0/0 or to show sellers are in control if I am above the 9 EMA. Conversely showing buyers are in control if I am below the nine ema.

I want to refer back to information I posted I think a few weeks ago. The order of confidence of the signals. The strongest signal, in my opinion, is the order block. Second, is the EMA cross or bounce. The third is the macd histogram lines changing from above or below to the opposite side. The macd, of course, offers more if we want to go in depth. When all EMA’s are over a zero line, that indicates a longer term uptrend. Some may want to link this idea to the style of trading where if price is above the 200 EMA, you are only looking to buy. If all the EMAs are below the zero line, you would only be looking to sell. I have not utilized this structure myself. But I suppose many traders do

All of the above is just what I have noticed to be generally true. I am at the point in my trading where I think most any strategy, in the right hands, is profitable. You and I are what makes it work or not work based on our decisions and how well we follow the rules.

Today was my best trading day of the week, I hope yours is going well too.

Edit: I have not investigated the website for any of the indicators named above. The information cleaned from them seems to be very apparent.

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