I need a good 5 min. scalping strategy | Forex Factory

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I need a good 5 min. scalping strategy

  • #1
  • First Post: Dec 28, 2007 5:23pm Dec 28, 2007 5:23pm
Hi there. I need a good scalping system on the 5 min. chart and I don't want to use moving averages and oscilliators. Does anyone know of such a system?
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • Dec 28, 2007 5:26pm Dec 28, 2007 5:26pm
Quoting Gambler180
Hi there. I need a good scalping system on the 5 min. chart and I don't want to use moving averages and oscilliators. Does anyone know of such a system?
Try searching the forums for 5 min scalp and you'll find what you're looking for.
  • #3
  • Dec 28, 2007 5:32pm Dec 28, 2007 5:32pm
Quoting Gambler180
Hi there. I need a good scalping system on the 5 min. chart and I don't want to use moving averages and oscilliators. Does anyone know of such a system?
Do a search for "How I blew my account."
  • #4
  • Dec 28, 2007 6:18pm Dec 28, 2007 6:18pm
Do a search for: "I'm lazy and I don't know how the search function works"
Happy Pip-hunt... KISSes
  • #5
  • Dec 28, 2007 9:13pm Dec 28, 2007 9:13pm
We will enjoy taking your money gambler.......
Same Whore .... Different Dress
  • #6
  • Dec 28, 2007 10:30pm Dec 28, 2007 10:30pm


Phil and priest.



Too much guys. That's hilarious.

So sad it's also true.
  • #7
  • Dec 28, 2007 10:49pm Dec 28, 2007 10:49pm
You guys are evil... and I was going to wish you a Happy New Year!

I will do it anyways, Happy New Year's
  • #8
  • Dec 29, 2007 2:21am Dec 29, 2007 2:21am
Hey come on guys, this guy is probably a total newbie who hasn't got the first clue about trading - so cut him some slack will ya. Everyone starts somewhere right.

But yeah - take their advice and use the search function.
  • #9
  • Dec 29, 2007 3:08am Dec 29, 2007 3:08am
Try checking out this link http://www.forexfactory.com/showthread.php?t=11854
  • #10
  • Dec 29, 2007 4:55am Dec 29, 2007 4:55am
i cannot understand why someone would want to scalp off the 5min charts and bag 10-15 pips, when using a higher timeframe can yield hundreds of pips, and also you are not glued to the screen

please explain

do you get high scalping off the 5 min ? hell, try the 1 minute, that is the real thrill

(sorry for the sarcasm but i think i am doing you good by clearly telling you that scalping the 5 min charts is NOT the way to go)
Twitter: @forexpokerpro
  • #11
  • Edited 6:14am Dec 29, 2007 6:03am | Edited 6:14am
Linuxtroll manages to scalp 5 second charts and I'm pretty sure he is not the ONLY profitiable scalper in the forex market! Find what works for you.
  • #12
  • Dec 29, 2007 2:21pm Dec 29, 2007 2:21pm
Quoting BBPI_fxtrader
i cannot understand why someone would want to scalp off the 5min charts and bag 10-15 pips, when using a higher timeframe can yield hundreds of pips, and also you are not glued to the screen

please explain

do you get high scalping off the 5 min ? hell, try the 1 minute, that is the real thrill
(sorry for the sarcasm but i think i am doing you good by clearly telling you that scalping the 5 min charts is NOT the way to go)
And are you really getting this hundreds of pips?
Do not think so...
Rethorical question: What is more risky, being in the trade for five minutes or holding a position for weeks?
IMO Scalping may be very profitable and what is important it's easier to get consistent profit with scalping than long term trading.
Gambler180: Go to linuxtroll thread and prepare yourself for long days of learning. Maybe what he teaches will suit you.
What makes me a little bit upset is your forum nick... gambling is NOT the way to go.
  • #13
  • Dec 29, 2007 5:31pm Dec 29, 2007 5:31pm
whats more risky---mn or weeks?
Its all realitive. How much per pip .01 ct or $1000 per pip?
3 to 1 rr and stoploss along with broker commission have to be factored in.
If holding a position for 3 weeks in a 500 pip loss is the answer .. count me out.
  • #14
  • Dec 29, 2007 5:53pm Dec 29, 2007 5:53pm
I guess that didnt answer the question on scalping
below is for s/p but could use on forex...I have a few times
I do other things now./
Attached File(s)
File Type: pdf tooI_kelvin1 scalping.pdf   135 KB | 4,584 downloads
  • #15
  • Dec 31, 2007 6:56pm Dec 31, 2007 6:56pm
Thanks 4XWeezal for the pdf
  • #16
  • Jan 4, 2008 10:42pm Jan 4, 2008 10:42pm
using Aroon indicator. 5 pip is not a problem.

but try to study it. first.
  • #17
  • Dec 28, 2008 11:43pm Dec 28, 2008 11:43pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting 4XWeezal
I guess that didnt answer the question on scalping
below is for s/p but could use on forex...I have a few times
I do other things now./
Season's greeting to you... at least for the pdf
I like the Big Dogs because I trade like them
  • #18
  • Dec 29, 2008 12:57am Dec 29, 2008 12:57am
If you don't know how to read candles/candle formations and/or pure price actions, then I wouldn't advise trading without indicators.

One of my favorite systems to use on lower timeframes is the 5 Min MACD. Here the link: http://www.investopedia.com/articles...inute-momo.asp

Stick to the system and don't change a thing. It works like a charm on any pair and any timeframe larger than 5Min. To be honest, I started using this system on the 5Min chart and ended up liking it better on 4Hour chart or higher. A very accurate system on higher time frames.

Since then, I've moved on to my own system but every now and then I put it to use. Currently, my system works like a charm and having two profitable systems under your belt is better than none.
  • #19
  • Dec 29, 2008 2:52am Dec 29, 2008 2:52am
Quoting Jhig
If you don't know how to read candles/candle formations and/or pure price actions, then I wouldn't advise trading without indicators.

One of my favorite systems to use on lower timeframes is the 5 Min MACD. Here the link:...
Thanks :-)
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #20
  • May 6, 2010 8:25pm May 6, 2010 8:25pm
Thanks 4XWeezal, there's a couple in that pdf that work nicely, CIO people.
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