Scalping 10 sec., 30 sec., M1

Scalping 10 sec., 30 sec., M1

I wellcome you today to explore the scalping trading strategy and hope you find some useful information for yourself that will eventually improve your trading. Scalping involves risks as well as any other trading style. If you done correctly and holding trading positions for a very short period of time you'll collecting quick profits as they appear.

Indicators
At 10 sec. Time Frame: BB (14,2), EMA 9 or 10; - (CCI 14), (EMA 50, EMA 200), (ADX 14).
At M1: GannHiLo, BB (14,2), CCI (14), RSI (14); - (and BB 14,1).

Currency
EUR/USD (tightest spreads).

Note
Look at Pivot points (H1, H4, Daily) and Fibonacci, Support and Resistance Levels at higher timeframes, too (M30, H1, H4), Price Action.

Target
0.5 - 7 points.

Timeframe
10 sec., 30 sec., M1, M5

Entries
10 sec. Timeframe
Option 1:
Entries are made when candles are crossing the EMA 9 line (you can take as well as EMA 10) from below/on high and moves upwards/downwards or the middle line of BB at 10 sec. (upside or downside movement) and looking at M1 if it goes further in the right direction - if so then by holding further on the trade - so trading with two monitors might be an advantage.
or
Option 2:
Focussing at the EMA9-Line crossing over the middle band of BB.

M1 Timeframe
When the candle crosses GannHiLo (or closes at the counterpart side of it).
see further: p.13, #188

Profit taking
Exits can be at the first cross at
10 sec.: EMA9/50 or EMA9/middle-BB-line;
M1: candle/GannHiLo or at a peak of CCI or RSI, which one is higher (see trade examples).
Since EMAs (9, 50) should be running along side (up or down) let your trade run.

Stop Loss
Contrary to popular belief I'm not a friend of setting a Stop Loss. May be to set a stop loss perhaps 5 pips above the last candle or at the counterpart upper or lower Band of Bollinger Band. "Sim" has specified my intention at p. 15, #223: "It is illogical when you undestand price movement that when scalping you take every loss as it happens. Trading full time you would leave positions open until you KNOW you need to close them."
See further: p.16,#229

Marketmovements
Sideway channels at the 10 sec. chart involves that the winning pips are smaller compared to the markets' downside or upside movements at M1 or M5. BB lines are good barriers for the entries and exits. Take a look at the chart in a "sideway movement" at the upper- und under-BB-lines.

Practical Use
Scalping is possible in a sideway, up- or down-channel and take a look at both timeframes the 10 sec. and at once M1, to cope it. You can trade only 10 sec. without M1 or exclusive of M1 but to the best advantage it is monitoring the price action in multiple time frames (10 sec., 30 sec., M1, M5) - with having regard to M5 see the conception from "sirogreness", p. 17.

The 200 Period EMA gives more a global orientation where prices are going on just now. EMA 9 can pullback at the 10 sec. chart but if it crosses into the 50 Period EMA then the trend is weakening and may be about to break. Take a look at this time at M1.

Scalping with Bollinger Bands
See also the topic "Scalping with the help of Bollinger Band": Scalping 10 sec., 30 sec., M1 - Bollinger Band - Version 2010 March 06.pdf.

ADX, +DI, -DI
You can use the crossing of +DI and -DI to determine the trend direction; when +DI crosses -DI upward it’s a bullish signal. Conversely, when +DI crosses -DI downward it’s a bearish signal.
See also "Practical needs in scalping" p.2/3: Scalping 10 sec., 30 sec., M1 - ADX - Version 2010 March 07.pdf, (p.18,#267).

Multiple Time Frame Analysis (MTFA)
In scalping it makes sense as well to use three or more time frames when making trading decisions. This is because if your entry and exit orders are based only upon just one time frame by disregarding the wider trend so risk becomes higher for trading belike against the longer term trend. Multiple Time Frame Analysis (MTFA).pdf, p.23,#336.

Trading Examples
p.1,#1, #2, please. Entries and Exits are labelled.
further examples: p.1,#14, p.2,#33, p.5,#70, p.6,#86, p.9,#131, p.11,#155, p.12,#167, p.12, #168, p.23, #332, p.23, #333, with PinBar, p.23, #345;

Trading Example - Life Recorded (TELF)
"Scalping, Trade Example 10 sec., 2010 Februar.flv" (EURUSD, 10 sec.) - Length: 5:21 min., (without voice), p.3,#38
http://www.myotherdrive.com/dyn/pv/7...uar.flv?sort=0
"Scalping, Trade Example 10 sec., 2010 March 02, 14h28.flv" (EURUSD, 10 sec.) - Length: 3:48 min., (without voice), p.10,#149
http://www.myotherdrive.com/dyn/pv/2...0.6a65fi?sort=
"Scalping, Trade Example 10 sec., 2010 March 05" (EURUSD, 10 sec.) - Length: 5:57 min., (without voice), p.16,#239.
http://www.myotherdrive.com/dyn/pv/7...005.flv?sort=0

Demo Account
Swiss Fond 50'000.-
Open Day: 2010 February 22
Deposit: 50'000.- $
Equity: 120'977.27 $,
Profit: + 70'977.27 $
over 120% within 1 month
see attachment, p.25, #363
http://www.myfxbook.com/members/Fore...nd-50000/18667
http://twitter.com/#search?q=forexcube

Cognate Subjects
Scalping with the help of Bollinger Band, Scalping 10 sec., 30 sec., M1 - Bollinger Band - Version 2010 March 06.pdf, p.18, #263.
ADX, Scalping 10 sec., 30 sec., M1 - ADX - Version 2010 March 07.pdf, p.18,#267.
Multiple Time Frame Trading (MTF), p.18,#268, Multiple Time Frame Analysis (MTFA).pdf, p.23,#336.

Interpretation
"sirogreness": p.12,#166 (incl. EMA 20)

Further scalping methods
which seems to have the potential to put pips in your pocket everyday.
Gratefully refer to the follow traders for their inputs:
"sirogreness": p.17,#244,#248,#252 (incl. indicators & templates),#254; http://www.forexfactory.com/showthre...222387&page=17

To appreciate my work
see p. 21. #303

Setup your FX Demo Client Account
I invite you to open at my FXManager Demo Account a Demo Client account to make the first experience how profit are maken:
Account Number - Home Currency - Margin - Account Name - Web Link
-----------------------------------------------------------------
846210 USD 50:1 Swiss Fond HP https://fx2.oanda.com/ma/landingpad_...4PRB5ESgoQCkQ=, or
660641 USD 50:1 Swiss Fond https://fx2.oanda.com/ma/landingpad_...4PRB5ESgoQCkQ=
see more explanations: p. 23, #342

Civilized Aspects
At all interested "scalping 10 sec., 30 sec., M1" traders.
Perhaps someone could explain me why my 4 stars (former 5 stars) were deleted. So I think I am out of here! - 2010 March 15.


Adored trader

So it's time to say good bye! , p.28, #417


Best of luck in scalping the Forex.
Forexcube
mailto: [email protected]
http://www.forexcube.ch

Scalping

Indicators
Commodity Channel Index (CCI): Apply to: Weighted Close (HLCC/4); Period: 14, Levels: -100 / 0 / +100
Relative Strength Index (RSI): RSI Period: 14
GannHiLo: Lookback: 5
Bollinger Bands (BB): Period: 20, Deviation: 2; Shift: 0; Apply to: Close

EURUSD, M1

P1 - P7 are Entry Points and the red arrows possible Exits.

Preferred Trades:
P1 (Ente Long), P2 (Enter Short), P3 (Enter Long), P4 (Enter Short), P5 (Enter Long), P6 (Enter Short), P7 (Enter Long)

Label
Red arrows: possible exit points

All helpful, critical and friendly comments are wellcome!

Open Day: 2010 February 22
Deposit: 50'000.- $

http://www.myfxbook.com/members/Fore...nd-50000/18667
http://twitter.com/#search?q=forexcube

Kindest regards

Forexcube

Profit: + 440 pips today!

See attachment, please

wooww good result.but you've worked with gann hi low?

Hi, mate,

How and when do you close your losing positions? What's your money management in dealing with them?

Thanks

Hello Tingus

My target is 1% a day the rest is risk capital. The account is now open since 3 days and has make a profit over + 15'000.- $. - 1'500.-$ (500.-$ x 3 days) so I have a risk capital around 13'500.-$ . If I trade I take a look at the pivot points (H1, H4, daily) and I let the loosing ones running till the next pivot. Go often in with one or three more positions. The market price drift often back at the pivots and always they are coming back in a sideway market.

How do you manage your scalping positions?

Kindest regards

Forexcube

Hello eTrader

It is a demo. With a live account I make 20% less pips.

Kindest regards

Forexcube

Sorry eTrader I don't post personal dates at a public thread.

Nobody does this here! Do you do it?

Too hazardous!

Forexcube

Normally I hedge the position when I'm not sitting in front of the monitor and positons are open. The first three positions, which you see at the figure are longer term which all could recognize when looking at "Time" and at "T/P". Next time these few ones could be marked with the commment "longer term trades" at sb.'s desire, even so they are better distinguishable but among the crowd of scalping positons they are insufficient.

Forexcube

Sorry, what are the exact entry rules for this systems template in particular?

Thanks,

J

Hello J

Entry points:
10 sec: Candles crosses EMA9 and EMA9 often the middle line of BB.
M1: If candles are in sideways channels at the bottom of BB than an entry rule is given when the candles crosses GannHiLo upwards.

Exits:
The tops of the CCI and RSi at M1 shows possible exits. By looking at the M1 charts often CCI comes earlier than RSI.

Kindest regards

http://twitter.com/#search?q=forexcube
http://www.myfxbook.com/members/Fore...nd-50000/18667

Profit + 546 pips today!

EURUSD, M1

Trade Example

Fantastic results
But sorry i do not understand

Wow you are on fire Forexcube !

Luke

Hello traco1

Can I invite you to ask your question(s)?

Kindest regards

Last week I have make over 1'000 pips on one day in 10 hours when I try this strategy the last one before opening today.
I think that was extreme!

Kindest regards

Forexcube

Where do I get a 10 sec chart from ? can I do this with 1 Min ?
Would y say this is more of an advance system ?

What the the best time to use this system ? Best period for ranging market !
btw i will begin to test it tomorow and i will follow you on Twitter

Luk