Scalping and trading strategy
Sep 22, 2017 at 07:02
Scalping is a short time trading approach which success depends on lowest trading spreads, so we the traders who are particularly scalpers have to choose the currency pair which has comfortable trading spreads. Even though many of us depend on EUR/USD for scalping but I don’t like this bass pair for the sake of scalping in a proper way due its volatile movements.
Sep 27, 2017 at 13:27
Admoni posted:
Scalping is a short time trading approach which success depends on lowest trading spreads, so we the traders who are particularly scalpers have to choose the currency pair which has comfortable trading spreads. Even though many of us depend on EUR/USD for scalping but I don’t like this bass pair for the sake of scalping in a proper way due its volatile movements.
:)
I have never said this before, but I will repeat it one more time :)
For scalping is vital execution - not just tight spreads :)
Member Since Nov 03, 2015
9 posts
Sep 27, 2017 at 14:39
I personally prefer the lower volatility pairs. I have found I get stopped out more frequently with the higher volatility pairs. As such, I do not trade JPY. I also do not trade from 2pm-6pm MDT to avoid getting bad spreads.
Short-term price movements are market inefficiencies - take advantage
Sep 28, 2017 at 14:44
Scalping requires a lot of patience to watch the screens for long time. Also, one loosing trade can wipe out a series of profits which can bring frustration if you are manually trading. But you can develop semi-automated trading systems for helping you for scalping.
Low spread, good execution and good market movement is required for being successful in scalping. In scalping you are targeting small pips quickly and so you have to pay the spread to broker every time you open and close a trade irrespective of profit or loss. So only highly profitable trading set ups should be executed.
Low spread, good execution and good market movement is required for being successful in scalping. In scalping you are targeting small pips quickly and so you have to pay the spread to broker every time you open and close a trade irrespective of profit or loss. So only highly profitable trading set ups should be executed.
Artificial General Intelligence
Sep 29, 2017 at 09:09
leo23 posted:
Scalping requires a lot of patience to watch the screens for long time. Also, one loosing trade can wipe out a series of profits which can bring frustration if you are manually trading. But you can develop semi-automated trading systems for helping you for scalping.
Low spread, good execution and good market movement is required for being successful in scalping. In scalping you are targeting small pips quickly and so you have to pay the spread to broker every time you open and close a trade irrespective of profit or loss. So only highly profitable trading set ups should be executed.
i think manually administrated trade is much viable option while doing hyper scalping.. as we are opening position on a min or 5min time frame, to cut down losses immediately if things are not moving in our direction, second option will be to have a very tight SL.
Oct 03, 2017 at 13:38
aqazi posted:leo23 posted:
Scalping requires a lot of patience to watch the screens for long time. Also, one loosing trade can wipe out a series of profits which can bring frustration if you are manually trading. But you can develop semi-automated trading systems for helping you for scalping.
Low spread, good execution and good market movement is required for being successful in scalping. In scalping you are targeting small pips quickly and so you have to pay the spread to broker every time you open and close a trade irrespective of profit or loss. So only highly profitable trading set ups should be executed.
i think manually administrated trade is much viable option while doing hyper scalping.. as we are opening position on a min or 5min time frame, to cut down losses immediately if things are not moving in our direction, second option will be to have a very tight SL.
You can scalp also on M15 or M30 TF - this will give more time for reaction :)
For more aggressive scalping - tick charts are great :)
Some of my chart are set on 144 ticks
Oct 04, 2017 at 07:28
BaldoN posted:Yes, scalping in a higher timeframe is a better option to improve performance of scalping by avoiding the quick reaction based false trading decisionsaqazi posted:leo23 posted:
Scalping requires a lot of patience to watch the screens for long time. Also, one loosing trade can wipe out a series of profits which can bring frustration if you are manually trading. But you can develop semi-automated trading systems for helping you for scalping.
Low spread, good execution and good market movement is required for being successful in scalping. In scalping you are targeting small pips quickly and so you have to pay the spread to broker every time you open and close a trade irrespective of profit or loss. So only highly profitable trading set ups should be executed.
i think manually administrated trade is much viable option while doing hyper scalping.. as we are opening position on a min or 5min time frame, to cut down losses immediately if things are not moving in our direction, second option will be to have a very tight SL.
You can scalp also on M15 or M30 TF - this will give more time for reaction :)
For more aggressive scalping - tick charts are great :)
Some of my chart are set on 144 ticks
Artificial General Intelligence
Member Since Dec 11, 2015
1487 posts
Oct 04, 2017 at 15:00
Would trading on M30 still be considered scalping? Isn't it too long a time frame for that?
Oct 05, 2017 at 07:38
Each the trader has a choice of the broker to be used , should the trader can choose a broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this.
Member Since Aug 27, 2017
994 posts
Mar 11, 2020 at 12:46
sometimes scalping causes huge trouble but overall its really good and comfortable for the traders who above have low amounts.
forex_trader_1153031
Member Since Feb 28, 2020
77 posts
Mar 12, 2020 at 05:40
Don't use one trading strategy, like me I switch from system to system, if the market is flowing, I switch to trending system, if its ranging, I do taking profits as fast as I can, but trending market is best for me, but I switch to system from time to time depending on market conditions
Member Since Feb 19, 2020
19 posts
Mar 12, 2020 at 14:46
JapaneseGroupFx posted:
Don't use one trading strategy, like me I switch from system to system, if the market is flowing, I switch to trending system, if its ranging, I do taking profits as fast as I can, but trending market is best for me, but I switch to system from time to time depending on market conditions
like this gentleman said, don't focus on 1 strategy. It's like having multiply incomes from different field you know, be flexible.
