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Scalping and trading strategy

Sep 22, 2017 at 07:02
2,306 Views
47 Replies
Member Since Aug 09, 2017   95 posts
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.
Member Since Apr 18, 2017   718 posts
Sep 24, 2017 at 06:50
Well, I use mainly moving average trading strategy for scalping trading! In average I get 10% monthly return in my live trading! Yes, I do mainly scalping trading, because, it offers me quick trading result either it’s SL or TP.
Member Since Mar 20, 2016   2 posts
Sep 25, 2017 at 06:18
USD/JPY is a great pair I find for Scalping :)
Don't fake the parade on a nasty trade
Member Since Sep 26, 2017   2 posts
Sep 27, 2017 at 06:31
JPY pairs can offer a better scalping as volatility is higher. for me pound/yen is the way for scapling :)
Member Since Feb 12, 2016   522 posts
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
Member Since Feb 12, 2016   427 posts
Sep 28, 2017 at 07:12
One more additional pair good for scalping - AUD/JPY Enjoy 😄
Accept the loss as experience
Member Since Oct 12, 2016   855 posts
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.
Artificial General Intelligence
Member Since Sep 26, 2017   2 posts
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.
Member Since Apr 18, 2017   718 posts
Oct 01, 2017 at 06:40
All major pairs are suitable for scalping because of low trading spreads!
Member Since Feb 12, 2016   522 posts
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
Member Since Oct 12, 2016   855 posts
Oct 04, 2017 at 07:28
BaldoN posted:
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
Yes, scalping in a higher timeframe is a better option to improve performance of scalping by avoiding the quick reaction based false trading decisions
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?
Member Since Aug 11, 2017   886 posts
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 Sep 18, 2017   1 posts
Oct 06, 2017 at 09:11
hi mohaa just asking is xm good for a 15min -30min scalping
money against the pip
Member Since Sep 07, 2017   13 posts
Oct 12, 2017 at 14:49
Most brokers are fine with 15-30 min trading. It is only when it is down to seconds that there can be problems
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.
JapaneseGroupFx
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.
Member Since Jan 10, 2020   37 posts
Apr 10, 2020 at 12:10 (edited Apr 10, 2020 at 12:10)
I'll never believe scalping can earn enough money. Аor me scalpers are newbie. Just starting their way into the trade.
But for experienced traders, scalping isn't suitable as for me.
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