Best scalping egy
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Thread: Best scalping egy

  1. #1
    Quite simply put, I'm looking at different scalping egies to utilize in between my primary (longer duration ) egy. I'm currently analyzsing a egy based on an indior call 3 level ZZ Semafor about the 5 minutes TF which appears promising and can post additional information if anybody is interest.

    But more significant, I would like folks on here to post their best scalping egies to feel free to discuss.

    Let's scapl together,

  2. #2
    Quote Originally Posted by ;
    Straightforward scalping egy.

    Get any price which finishes in 000 (4 digit), or 0000 (5 digit).

    Position pending order over current price and below current price at the nearest psych points. TP/SL of 10 pips.
    What do you mean by 0000(4 digit) or 0000 (5 digit)? Do you mean like 1.6000,1.5000,1.4000,1.3000 or even 1.40000,1.50000 et.c. ?

  3. #3
    Yes he refers to round amounts. With 5 Digits you have one 0 of course.

  4. #4
    Yep.

    I don't bother using the midpoints between around amounts. This is much more a supplemental egy to my other ones.

    To get a 4 digit yen pair: xx0.00
    To get a 4 digit non-yen pair: x.x000

    To get a 5 digit yen pair: xx0.000
    To get a 5 digit non-yen pair: x.x0000

    The justifiion is straightforward enough. Those amounts are easier to remember.

  5. #5
    Quote Originally Posted by ;
    Yep.

    I don't bother with the midpoints between round amounts. This is a supplemental egy for my other ones.

    For a 4 digit yen pair: xx0.00
    For a 4 digit non-yen pair: x.x000

    For a 5 digit yen pair: xx0.000
    For a 5 digit non-yen pair: x.x0000

    The reasoning is straightforward enough. Those amounts are easier to remember.
    Hmm. . .Is this a scalping sttategy?It is clear that this set-up might not evolve even in a whole week.So is looking for 10 pips at a complete week a scalping method?I think scalping is a procedure or practice wherein a trader execute trades with and goal like 10 to 30 pips in a little movement that can occcur and re-occur in like two or more times in a day.Or am I wrong?

  6. #6
    Scalping as I specify it

    Taking advantage of high probability repeated small inconsistencies or patterns in a specific market.



    By my definition, a scalp setup is a repeated setup caused by an inconsistency in the market. There might be as much as a month between scalps by my definition, which suits me perfectly. I use several different system forms in my trading, so I am able to wait around for the next scalp setup.

  7. #7
    Trading often doesn't necessarily make you more effective. It is all about your pip value. One 80% trade a week for 10 pips at $100 per year pip averages $600 a week. Obviously this is an extreme example, most people trade more often, but the point remains applicable. I am working on a scalping method right now with RSI(6) divergence and around numbers to net between 10 and twenty pips. My problem is that I exchange more often than I should.

    It is wonderful how uninteresting simple profitable trading could be. We must destroy it by trading C setups to keep the thrill.

  8. #8
    Quote Originally Posted by ;
    Scalping as I define it:

    Taking advantage of large likelihood replied little inconsistencies or patterns in a given market.



    In my definition, a scalp setup is a repeated setup caused by an inconsistency on the market. There could be as much as a month between scalps by my respect, which suits me perfectly. I use many different system forms in my personal trading, so I am able to wait for another scalp setup.
    Ok sir,I understand that you have adequate trading systems on your arsenal.But I really do n`t think I can exchange with sl 10 pips and tp 10 pips.I will reduce my confidence.

  9. #9
    Quote Originally Posted by ;
    Trading often does not necessarily make you more successful. It's all about your pip value. One 80% commerce a week for 10 pips at $100 a pip averages $600 per week. The point is still applicable, although Clearly this is an extreme example, the majority of people trade often. I'm working on a scalping method right now with RSI(6) divergence and round numbers to internet between 10 and twenty pips. My problem is that I trade.

    It's wonderful how uninteresting simple profitable trading can be. We have to destroy it by trading C setups to keep...
    May God help me to understand how to scalp for 10 pips. . .My issue is I cannot place sl less than 50 pips.Iam a swing trader actually and not that Iam already there.That is why Iam curious to understand.

  10. #10
    Quote Originally Posted by ;
    Ok sir,I understand that you've got adequate trading egies on your arsenal.But I don`t think I will exchange with sl 10 pips and tp 10 pips.I will lose my confidence.
    Wellyou can do just two things...
    Raise your assurance Loe another system. I did both.

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