Sharing scalping templates that actually work

same as mine previous

what I use is.
look in same direction of the price move.
Better then keep look and down

The NZD/X pairs are starting a retrace
X/NZD going higher

5 min scalping

https://www.investopedia.com/article...inute-momo.asp

Great work here BrianDingo! You are one of a kind scalper I respect! Cheers!!!

Thank you for those kind words BB.

FOR THOSE WHO CHOOSE TO USE THE STOCHASTIC,

https://tradingstrategyguides.com/be...ding-strategy/

from what i read about divergences , it actually is a bearish divergence.

https://fxdailyreport.com/best-scalping-forex-brokers/

I use Stochastic and want to say that is good.

Me to 15/3/3

I prefer CCI set to 50 but thats just me

Mine is 14,3,3. But I know you trade on smaller time frames.

Hi Knorttzcsch,

Try looking at the 10/200 MA, in the one or two min chart, you will get earlier entries,

And try and focus on the candlestick patterns at the tops and bottoms, and you will be a lot better off for this as well.

These patterns below are from your charts, my friend, and are all great entry points.

Keep up the good work, and you will be rewarded.

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https://forex-indicators.net/recommend-indicator

https://samuraitradingacademy.com/7-...tion-patterns/



https://www.babypips.com/learn/forex/head-and-shoulders

Here we go folks

https://www.investopedia.com/article...%20to%20master

5-8-13 Moving Averages
The combination of 5-, 8- and 13-bar simple moving averages (SMAs) offers a perfect fit for day trading strategies. These are Fibonacci-tuned settings that have withstood the test of time, but interpretive skills are required to use the settings appropriately. It's a visual process, examining relative relationships between moving averages and price, as well as MA slopes that reflect subtle shifts in short-term momentum.

Pros

1. Scalping requires less market knowledge–helping newcomers.
2. Forex scalping has low barriers to entry, making it good for retail forex traders.
3. The liquid forex market means trades can be entered and exited easily.
4. Since trades are held for a short period, losses from reversals can be reduced.

Cons

1. Leverage with forex scalping can magnify gains but also magnify losses.
2. The small profit-per-trade makes it challenging to reach a trader's financial goals.
3. One large trading loss can wipe out the gains from many profitable trades.
4. Forex scalping can be risky due to market volatility.

The Pros of Scalping
As a result of the low barriers to entry into the world of forex trading, scalping has become a viable strategy for the retail forex trader. Scalping is popular with newcomers since the strategy requires less knowledge of the market and established trading theories.
Since the forex market is large and liquid, traders can get in and out of trading positions easily.
Scalping is a good choice for those who hate waiting for a trade to close. Positions are generally held for a very brief timeframe, and that allows for a lower chance of reversals that can harm a trading position.


The Cons of Scalping
It's important to note that the forex scalper usually requires a larger deposit that can handle the amount of leverage the investor must take on to make the short and small trades worthwhile. Leverage is a form of margin in which the position is magnified since the trader borrows from the broker to expand the position size. However, just as leverage can magnify gains, it also can magnify losses.
The profits are smaller on each trade, which makes it challenging to reach a trader's financial goals. A “5-pip” yield on trade might be insufficient for many traders.
As a result of the small amount of profit per trade, one trading loss can obliterate any gains from several successful trades. Good trades can yield a 1:1 risk to reward or less.
The volatility or wild swings in the currency market can add to scalping gains and profits, but also exacerbate losses. Forex scalping can be risky and wipe out a trader's brokerage account. For example, a trader might not have an exit strategy or a stop-loss trade in which the trade is automatically unwound. If the trade moves adversely, the forex trader can incur frequent and significant losses. As a result, newcomers to forex trading should understand the ins and outs of forex scalping before initiating their first trade.

Best online trading platforms

https://www.investopedia.com/best-on...rokers-4587872

An excellent starting point for the newbies

https://www.babypips.com

https://www.forexearlywarning.com/forex-lessons