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Scalping Techniques That Work

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  • Post #41
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  • Sep 1, 2021 7:43am Sep 1, 2021 7:43am
  •  Ryder
  • Joined Mar 2010 | Status: Member | 473 Posts
Quoting de5151
Disliked
There are many good scalpers here and many that would like to become good scalpers. I do quite a bit of successful scalping and I like to scalp Gold mostly. I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair. This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems! Without really commenting on this, I like to keep an eye on support and resistance zones and...
Ignored
Thanks for the thread, de5151. Any chance you have a .mq4 file for "Symbol changer profit display.v5" you could post? I am using an older version that I modified to read the pairs from a file in the common/files directory. Like your v5 better, but need to mod it to read the pairs symbols from a file. Thanks.
 
 
  • Post #42
  • Quote
  • Sep 1, 2021 8:09am Sep 1, 2021 8:09am
  •  Ryder
  • Joined Mar 2010 | Status: Member | 473 Posts
Quoting Ryder
Disliked
{quote} Thanks for the thread, de5151. Any chance you have a .mq4 file for "Symbol changer profit display.v5" you could post? I am using an older version that I modified to read the pairs from a file in the common/files directory. Like your v5 better, but need to mod it to read the pairs symbols from a file. Thanks.
Ignored
Also, VWAP gets a divide by zero error in the log file. Here is the error message from the log file: "VWAP XAUUSDi,M15: zero divide in 'VWAP.mq4' (61,30)". Post a .mq4 file for VWAP and I will fix this for you.
 
 
  • Post #43
  • Quote
  • Sep 1, 2021 9:02am Sep 1, 2021 9:02am
  •  Sepp1985
  • | Joined Jan 2018 | Status: Member | 20 Posts
Quoting scsstnt
Disliked
USDCAD H1 structure - News Soon GDP Q2 {image}
Ignored
Hi mate,

I have a question. You said you mark you zones based on H1 engulfings. Can you be a bit more specific on how you mark them? Really appreciated. Want to follow your approach.
 
1
  • Post #44
  • Quote
  • Sep 1, 2021 11:20am Sep 1, 2021 11:20am
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,426 Posts
Quoting Sepp1985
Disliked
{quote} Hi mate, I have a question. You said you mark you zones based on H1 engulfings. Can you be a bit more specific on how you mark them? Really appreciated. Want to follow your approach.
Ignored
Hey, ok sure......on a bearish engulfing pattern you got 2 candles call it C1 & C2,draw a horizontal line at C1 open and C2 enguls C1 and wait on a retest of the OPEN/LOW price,drop to LTF and you always have some pips there.The setup becomes invalid if price CLOSE above the highs of C1/C2.You might observe price spikes above to remove you from any active positions,they love doing that all the time... but eventually it closes below the highs.Opposite for bullish engulfing pattern.

Attached Image (click to enlarge)
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  • Post #45
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  • Sep 1, 2021 12:04pm Sep 1, 2021 12:04pm
  •  Sepp1985
  • | Joined Jan 2018 | Status: Member | 20 Posts
Quoting scsstnt
Disliked
{quote} Hey, ok sure......on a bearish engulfing pattern you got 2 candles call it C1 & C2,draw a horizontal line at C1 open and C2 enguls C1 and wait on a retest of the OPEN/LOW price,drop to LTF and you always have some pips there.The setup becomes invalid if price CLOSE above the highs of C1/C2.You might observe price spikes above to remove you from any active positions,they love doing that all the time... but eventually it closes below the highs.Opposite for bullish engulfing pattern. {image}
Ignored
Wow! Thanks a lot for your detailed answer. Will take a look at it.
 
1
  • Post #46
  • Quote
  • Sep 1, 2021 12:17pm Sep 1, 2021 12:17pm
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,426 Posts
Quoting Sepp1985
Disliked
{quote} Wow! Thanks a lot for your detailed answer. Will take a look at it.
Ignored
You're welcome my friend
 
1
  • Post #47
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  • Sep 1, 2021 1:06pm Sep 1, 2021 1:06pm
  •  hafiziyusri
  • | Joined Mar 2016 | Status: Junior Member | 1 Post
Hi,

Have anyone try scalping using ichimoku indicator? is it mostly works on m15 and below?

Appreciate on the sharing.
 
 
  • Post #48
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  • Sep 9, 2021 10:31am Sep 9, 2021 10:31am
  •  Jazba2
  • | Joined Aug 2021 | Status: Junior Member | 2 Posts
if one can get the volume figures in real time than he can take his trade without any indicators. I mean if I know bears volume is higher than the bulls so that does mean market to go further downside. is there any tools available that can guide about the volume ?
 
 
  • Post #49
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  • Sep 20, 2021 5:20pm Sep 20, 2021 5:20pm
  •  Ihyx
  • | Joined Sep 2021 | Status: Member | 31 Posts
Quoting de5151
Disliked
The indicators. {file} {file} {file} {file} {file} {file} {file}
Ignored
does all the attached files work for mt5 or only for mt4?
 
 
  • Post #50
  • Quote
  • Sep 20, 2021 10:36pm Sep 20, 2021 10:36pm
  •  RickM
  • Joined Sep 2015 | Status: Member | 2,143 Posts
Quoting Jazba2
Disliked
if one can get the volume figures in real time than he can take his trade without any indicators. I mean if I know bears volume is higher than the bulls so that does mean market to go further downside. is there any tools available that can guide about the volume ?
Ignored
Hi Jazba

It doesn’t work that way, volume can be bearish but if the limit orders are stacked bullish, up it goes.
Buyers and sellers don’t decide on direction, it’s all about current liquidity density.
Cumulative delta can help a bit, but you need data from the futures market.
Trading thin liquidity at the boundary of the charts
 
3
  • Post #51
  • Quote
  • Sep 22, 2021 11:13am Sep 22, 2021 11:13am
  •  Jazba2
  • | Joined Aug 2021 | Status: Junior Member | 2 Posts
thats make sense
 
 
  • Post #52
  • Quote
  • Oct 6, 2021 11:11am Oct 6, 2021 11:11am
  •  aaronbronte
  • | Joined Oct 2021 | Status: Junior Member | 1 Post
I have a question on Pivot points vs Fibs are they usually used in scalping if so which is preferred ?
 
1
  • Post #53
  • Quote
  • Oct 7, 2021 10:32am Oct 7, 2021 10:32am
  •  RickM
  • Joined Sep 2015 | Status: Member | 2,143 Posts
Quoting aaronbronte
Disliked
I have a question on Pivot points vs Fibs are they usually used in scalping if so which is preferred ?
Ignored
I would say neither, both work for swing trading.
More to the point, I would decide on your preferred time frame you will be trading before you look at indicators. Then the choice comes between being a trend / breakout trader or a Exhaustion reversal trader.

What tickles your fancy?.
Trading thin liquidity at the boundary of the charts
 
4
  • Post #54
  • Quote
  • Oct 11, 2021 4:11pm Oct 11, 2021 4:11pm
  •  djahidait
  • | Joined Feb 2020 | Status: Professional Trader | 97 Posts
Quoting de5151
Disliked
There are many good scalpers here and many that would like to become good scalpers. I do quite a bit of successful scalping and I like to scalp Gold mostly. I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair. This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems! Without really commenting on this, I like to keep an eye on support and resistance zones and...
Ignored
I suggest you to check Big E strategy it similar to yours but with years of effectiveness
Trading is a business
 
1
  • Post #55
  • Quote
  • Oct 13, 2021 5:53pm Oct 13, 2021 5:53pm
  •  Trader.jane
  • | Joined Oct 2021 | Status: Junior Member | 1 Post
Quoting de5151
Disliked
There are many good scalpers here and many that would like to become good scalpers. I do quite a bit of successful scalping and I like to scalp Gold mostly. I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair. This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems! Without really commenting on this, I like to keep an eye on support and resistance zones and...
Ignored
Thanks a lot for sharing!
 
 
  • Post #56
  • Quote
  • Oct 20, 2021 12:53am Oct 20, 2021 12:53am
  •  nourhanfahmy
  • | Membership Revoked | Joined Sep 2021 | 54 Posts
@aaronbronte Pivot points can be used but they work best when combined with other kinds of technical analysis which is not really feasible in scalping. You have to make quick decisions and just can’t spend your time applying different technical analysis tools. Also Pivot points are based on simple calculation which doesn’t ensure precise prediction. Pivot points are good for slightly long term trades when you have the time to take help of other tools. Although it’s a great way to identify the areas of support and resistance.
 
 
  • Post #57
  • Quote
  • Dec 3, 2021 12:20am Dec 3, 2021 12:20am
  •  livetolove03
  • | Joined Apr 2021 | Status: Member | 45 Posts
Quoting RickM
Disliked
{quote} I would say neither, both work for swing trading. More to the point, I would decide on your preferred time frame you will be trading before you look at indicators. Then the choice comes between being a trend / breakout trader or a Exhaustion reversal trader. What tickles your fancy?.
Ignored
Hi RickM,
For crypto trade, we can get quote level 2 from biggest exchange like Binance.
Could you give us the way to trade with DOM or suggest the source we could learn to trade with DOM?
Thank you.
 
 
  • Post #58
  • Quote
  • Dec 3, 2021 1:24am Dec 3, 2021 1:24am
  •  RickM
  • Joined Sep 2015 | Status: Member | 2,143 Posts
Quoting livetolove03
Disliked
{quote} Hi RickM, For crypto trade, we can get quote level 2 from biggest exchange like Binance. Could you give us the way to trade with DOM or suggest the source we could learn to trade with DOM? Thank you.
Ignored
Hi livetolove

The issue with crypto is many traders stack their liquidity at the first available position to avoid market trades which cost more to execute - about 1% for many exchanges.
Therefore the DOM on crypto seems to be mainly cheap arse traders trying to save a penny.
This warps the order flow of crypto in my opinion - making it harder to establish current liquidity levels down the order book.

If I was you, I would focus only on recently executed market orders looking for exhaustion instead.

But hang around as I also have a Binance account and currently running some tests on this exact issue.

Cheers
Trading thin liquidity at the boundary of the charts
 
2
  • Post #59
  • Quote
  • Dec 3, 2021 3:08am Dec 3, 2021 3:08am
  •  tiborf71
  • Joined Apr 2011 | Status: survivor | 3,666 Posts
I tested delta based trading.m1-h1.
my experience is that there are very good times when you can make a profit .but if there is a lot of volatility, you can easily at aloss out and lose the profit you have made so fa.
if the volatility is higher then the delta approach is unreliable.
 
 
  • Post #60
  • Quote
  • Edited 7:32am Dec 3, 2021 6:35am | Edited 7:32am
  •  RickM
  • Joined Sep 2015 | Status: Member | 2,143 Posts
Quoting tiborf71
Disliked
I tested delta based trading.m1-h1. my experience is that there are very good times when you can make a profit .but if there is a lot of volatility, you can easily at aloss out and lose the profit you have made so fa. if the volatility is higher then the delta approach is unreliable.
Ignored
Hi tiborf71

Forget the Delta for one moment, you need to establish what the baseline volume output is first, before understanding how to trade with Delta.

Delta is the eforts of smaller traders to seek their own market direction in direct compertetion against bigger players.
Sounds like a losing battle doesn't it, WILL ITS NOT.

You mentioned higher Volatility being bad for Delta, you have myself and ryuryu scatching our heads and thinking "what's the man talking about, here's an unloseable trade right here in front of your eyes".

Without volatility, trading with delta is an extremely difficuit game with only a small trading edge. Volatility is caused by a massive increase in volume thats way above baseline volume theshold and it takes the game away from bigger players and hands the baton over to the masses. Strong Delta becomes the sole factor now in deciding market direction but whats essential - high values of aggressive market orders


Better still - can you see the Delta controlling the market in this trade?
Both ryuryu and myself took this trade for a great result.

I took a trade at the "white 11" at the flipping of delta, the result was a single big trade provided my daily imcome.
And the trade lasted two minutes. GBPUSD London Session

Not even time to drink my coffee


Cheers
Attached Image (click to enlarge)
Click to Enlarge

Name: gukkkkkkkkk.png
Size: 411 KB
Trading thin liquidity at the boundary of the charts
 
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