Scalping Forex Strategy

Post on: 27 Апрель, 2015 No Comment

Scalping Forex Strategy

I wasnt even going to put this on the website because it works to good, lol.

Thats not the reason actually, I think that to many people look for the holy grail of trading and it doesnt really exist.

Nothing out there can win 99% of the time so people move on to the next strategy and so on.

The point of this website is to show actual sure-fire tactics that work in almost any market.

The kind of things the big boys look at to make there trading decisions.

Scalping on the other hand is very hit and miss. Doesnt belong on this website.

This is why you should have a good understanding of the market before you even try to scalp.

The market can chew you up and spit you out in a day if your not careful scalping.

That is why I wasnt going to put this up. But for traders that want to scalp and already have a VERY GOOD understanding of the forex market. here it is.

My Forex Scalping Technique

Click on it for a nice big picture.

If you have a keen eye you probably noticed every bar on this chart is the same size (9 pips). Thats because this is a range bar chart. Simple explanation is whenever price moves 9 pips a new bar is formed, you can set the range to whatever you like but for scalping you want it to be low.

The momentum and trend lord indicators are there to filter trades but there not really part of the system in any way.

Scalping Forex Strategy
  • Short Trade Rules
  • price is making lower lows
  • or making lower highs
  • 1 or more bullish candles close
  • on first bar closing bearish enter
  • use filters at your discretion
  • Long Trade Rules
  • Price is making higher highs
  • or higher lows
  • 1 or more bearish candles close
  • on first bullish candle closing enter
  • filters are at your discretion

Stop Loss: Keep it small, 9 or 10 pips. also if a bar closes against you I often exit and enter the other way. You can see in the picture there is one trade like that.

Take Profit: This is completely up to you. You have to read the market, sometimes I exit my entire position, sometimes half and let some go, sometime I let all of it ride if the market is really moving.

This system is completely up to the discretion of the user. Thats why you should only try and use this trading system if you are already competent in the market and understand the way price flows.

Please do not leave comments about this system being inaccurate because I will just remove the page and everyone will lose out.

This is a good system in volatile markets and Im sure many experienced traders will appreciate it.


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