Hello everybody,
This topic was created to find members who trade with ZO SYSTEM and share their scalping strategies.
ZO SYSTEM is a system from Vietnam and has developed in the past 2 years. This system is a very extensive system of multi-frame transaction analysis and some members often spend time only for short-term trading. I hope this topic will bring together members like me who are trading with the ZO system and exchange related knowledge together.
Note: This topic will not share any indicator and does not recruit any new members. It is only used for learning and share trading experiences.
This topic was created to find members who trade with ZO SYSTEM and share their scalping strategies.
QuoteDisliked
Why Scalp?
Scalpers like to try and scalp between five and 10 pips from each trade they make and to repeat this process over and over throughout the day. Using high leverage and making trades with just a few pips profit at a time can add up, especially if your trades are profitable and can be repeated many times over the course of the day. Remember, with one standard lot, the average value of a pip is about $10. So, for every five pips of profit made, the trader can make $50 at a time. Ten times a day, this would equal $500.
The Scalper's Personality
Scalping, though, is not for everybody, and one thing is for sure: You have to have the temperament to be a scalper. Scalpers need to "love" sitting in front of their computers for the entire session, and they need to enjoy the intense concentration that it takes to scalp. You cannot take your eye off the ball when you are trying to scalp a small move, such as five pips at a time. Even if you think you have the temperament to sit in front of the computer all day, or all night if you are an insomniac, you must be the kind of person who can react very quickly without analyzing your every move. There is no time to think. Being able to "pull the trigger" is a necessary key quality for a scalper. This is especially true in order to cut a position if it should move against you by even two or three pips.
By Cigarguy at this topic.
ZO SYSTEM is a system from Vietnam and has developed in the past 2 years. This system is a very extensive system of multi-frame transaction analysis and some members often spend time only for short-term trading. I hope this topic will bring together members like me who are trading with the ZO system and exchange related knowledge together.
Note: This topic will not share any indicator and does not recruit any new members. It is only used for learning and share trading experiences.
Keep the faith and keep going