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What indicator you use for scalping?

Furax
Jan 05 2016 at 14:20
posts 92
Looking for a scalping efficiant method ?
Just have a look to this :

https://www.forexagone.com/forum/questions-debutants/comment-trader-si-l-on-a-peu-de-temps-9944






Fichiers joints:


On entend l'arbre qui tombe mais pas la forêt qui pousse...
kieran (snapdragon1970)
Jan 05 2016 at 14:37
posts 1944
It depends on how experienced you are on using BB,I use it quite successfully trading Eur/Usd,a few points about price action,firstly to see real price action you have to be trading futures on level 2,secondly volume cannot be measured on a retail trading platform if your trading FX ,price action does have meaning when trading but not from a retail aspect

"They mistook leverage with genius".
Furax
Jan 05 2016 at 17:45
posts 92
snapdragon1970 posted:
It depends on how experienced you are on using BB,I use it quite successfully trading Eur/Usd,a few points about price action,firstly to see real price action you have to be trading futures on level 2,secondly volume cannot be measured on a retail trading platform if your trading FX ,price action does have meaning when trading but not from a retail aspect


Don't forget you have this possibility for scalping with your MT4 :



like a pro :)


Fichiers joints:


On entend l'arbre qui tombe mais pas la forêt qui pousse...
FXtrader2010
Jan 05 2016 at 19:40
posts 724
scalping FX spot, the method to making 1 billion into 1 million as quickly as possible.

BellaVista507
Jan 06 2016 at 00:30
posts 251
JacoAF posted:
BellaVista507 posted:
Furax posted:
no indicator needed, only price market... so price action.


 I agree with you... If you student of forex, and you study price action, then no indicator could ever trump that. I've seen here that it has been mentioned that BB give guide you very well on entry. I, however, believe that isn't true. Understanding why the market breaks out, and why it 'goes flat' is the start of knowing how to use price action and only price action.


What you says makes sense, however, I don't believe that using only price action as a tool will give you the best advantage to find the best high probability trades. If you know how to use the RSI or MACD and combine that with Market Structure (Support and Resistance), Fib Levels and Candlestick Formations you can get higher quality trades that will give you the best Risk/Reward ratio.

I must confess, I am a short term swing trader (manual), so my technique may work best on my style of trading. Scalpers may find using raw price action a more effective alternative. However, I would not advise new traders to attempt scalp trading manually if you don't have plenty of experience analyzing price action. I think the emotional stress alone of the fast paced nature of scalp trading will probably kill new trading accounts quickly.


 I will agree with you. I honestly have never used RSI or MACD, however, I do use candle formations. When I say candle formation, I am talking about a specific amount of candles on the any specific tf, and then I come up with my R:R. I've always said it in my past post that being 'accurate' is what is key for me. So that is what I aim for when I scalp. I don't care if a currency has dropped 500 pips, I won't buy unless specific formations are playing out. I honestly don't see how anyone can wager on 'support and resistance'.

Furax
Jan 06 2016 at 01:19
posts 92
Need an indicator system ?... beware of brain storming ...



Alarms :



Indicators list :







Fichiers joints:


On entend l'arbre qui tombe mais pas la forêt qui pousse...
Jaco Ferreira (JacoAF)
Jan 06 2016 at 06:20
posts 130
BellaVista507 posted:
JacoAF posted:
BellaVista507 posted:
Furax posted:
no indicator needed, only price market... so price action.


 I agree with you... If you student of forex, and you study price action, then no indicator could ever trump that. I've seen here that it has been mentioned that BB give guide you very well on entry. I, however, believe that isn't true. Understanding why the market breaks out, and why it 'goes flat' is the start of knowing how to use price action and only price action.


What you says makes sense, however, I don't believe that using only price action as a tool will give you the best advantage to find the best high probability trades. If you know how to use the RSI or MACD and combine that with Market Structure (Support and Resistance), Fib Levels and Candlestick Formations you can get higher quality trades that will give you the best Risk/Reward ratio.

I must confess, I am a short term swing trader (manual), so my technique may work best on my style of trading. Scalpers may find using raw price action a more effective alternative. However, I would not advise new traders to attempt scalp trading manually if you don't have plenty of experience analyzing price action. I think the emotional stress alone of the fast paced nature of scalp trading will probably kill new trading accounts quickly.


 I will agree with you. I honestly have never used RSI or MACD, however, I do use candle formations. When I say candle formation, I am talking about a specific amount of candles on the any specific tf, and then I come up with my R:R. I've always said it in my past post that being 'accurate' is what is key for me. So that is what I aim for when I scalp. I don't care if a currency has dropped 500 pips, I won't buy unless specific formations are playing out. I honestly don't see how anyone can wager on 'support and resistance'.


Hey man, if it works for you, that is all that counts in trading. I've been trading for just over 5 years now, and believe me I have tried just about all methods and styles of trading. I've tried scalping using only pure candle charts (no indicators whatsoever) placing multiple orders simultaneously and closing them simultaneously using Multi-Terminal and 1 minute charts, al within 30 seconds.

The thing is, my personality is of such nature that scalping is just too stressful for me long-term. So I eventually, after years of trial and error, developed my own personal style of swing-trading that works for me. So the average period between opening and closing trades are now hours and days, using chart time-frames of 1 hour to daily charts. And in order for my own method of trading to work for me I had to try and figure out where large institutional market moves start and end so I can trade with them and not against them. This is why Support and Resistance levels are so important to me. Just a side note, Support and Resistance levels on 1 minute and 5 minute charts are pretty useless - burnt my fingers many times on that one.

Like I said, what works for me, may not work for others. Same with any other trader's method of trading. We are all individual people, with individual personalities. And I think this is what makes trading so great. You meet all kinds of interesting people who have very different but interesting methods of trading. To new traders I can only give this advice. Investigate all types and methods of trading, and then go and find the perfect combination of skills and tools that work for you. In the end, all that really matters is that whatever you do, or methods of trading you use, have to be profitable and sustainable in the long run.

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
cedtrading
Jul 14 2016 at 12:33
posts 46
no indicator .... just the candle and price action is the best , and i use statistics also, personally this is the best for me, i trade 4 years already and i can say only this still working well.

mlawson71
Jul 16 2016 at 10:59
posts 1487
I am learning how to scalp through pure price action as well, though it's going slowly.

PipAKazi
Jul 17 2016 at 13:55
posts 14
mlawson71 posted:
I am learning how to scalp through pure price action as well, though it's going slowly.


You are doing the best thing possible then man. One suggestion i would give to you all new traders is start to understand how economy works rather then cluttering up your screen with indicators. The two best indicators for beginners in my humble opinion are MACD (12,26,9) and CCI(14). Avoid smaller timeframes. Use only 4hr for newbies, smaller timeframes you will over-trade and burnout.

Set goals and work hard, one PiP at a time!
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