the best time to scalp | Forex Factory

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the best time to scalp

  • #1
  • First Post: Aug 22, 2024 9:19pm Aug 22, 2024 9:19pm
If I understand correctly, most of scapling is anti-trend. Thus, the timing of scapling is crucial
1. After daily breakout
2. After daily RSI drop back to 70
3. After bearish/bull ratio close to 1: Count of hourly bearish candlestick/Count of hourly bullish candlestick in past 24 hours

The ultimate goal is to locate daily top/bottom.

Trade less, profit more.
  • #2
  • Aug 23, 2024 5:14pm Aug 23, 2024 5:14pm
Quoting phrixusong
If I understand correctly, most of scapling is anti-trend. Thus, the timing of scapling is crucial 1. After daily breakout 2. After daily RSI drop back to 70 3. After bearish/bull ratio close to 1: Count of hourly bearish candlestick/Count of hourly bullish candlestick in past 24 hours The ultimate goal is to locate daily top/bottom. Trade less, profit more.
I do not agree with scalping being anti-trend. Scalping is being contrarian to the retracement, not the trend.
That said, for me in scalping there is no trend at all, just waves. You have to keep track of at least 2 or 3 waves of different lengths.
The right time is catching the short wave when it is forming or has just formed, following the direction of the longer one.
It is crucial to know whether the move is at the beginning, in the middle or at the end of a wave.
  • #3
  • Aug 25, 2024 8:59pm Aug 25, 2024 8:59pm
Quoting pescador
{quote} I do not agree with scalping being anti-trend. Scalping is being contrarian to the retracement, not the trend. That said, for me in scalping there is no trend at all, just waves. You have to keep track of at least 2 or 3 waves of different lengths. The right time is catching the short wave when it is forming or has just formed, following the direction of the longer one. It is crucial to know whether the move is at the beginning, in the middle or at the end of a wave.
Thanks. Most of my topic is regarding the timing of the end of a wave, which is identical to direction reversal
  • #4
  • Last Post: Aug 26, 2024 6:20am Aug 26, 2024 6:20am
The best time to trade any market is when it's liquid. For forex, most traders focus on the US session, from 8:00 AM to 12:00 PM, when the market sees peak volume. However, it also depends on the currency pair you're trading, so you need to consider both countries' time zones. The EUR session is also good, but the US session is typically the best. Your strategy plays a role as well—sometimes, less liquidity can work in your favor. It all comes down to knowing your game.

As for scalping, it can be both contrarian and trend-following. The idea is to make quick trades, sometimes just one for a few minutes that could catch a long run, or 10 or more trades capturing tiny movements within a few minutes to seconds.
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