Scalping - boon or bane?

Swiss-Scalping-B - (x4) - Leverage 1:50, Deposits: +300.-$ (Beginnig Date: 2014 August 15); actual: 308.25$, +2.75%

Dear Scalping Trader or Non-Scalping Trader
Feel free to publish your scalping ideas at this board here.
I have my doubts if scalping is a method. I don't think so.
FXcube

Hi FxCube,
I don't consider myself as a scalper or a professional trader. But the truth is that I've been watching some ''hardcore'' scalpers in vip live chat room. And as I have seen your first picture, where you are letting the losing position run against you and then closing with few pips profit. This is really not what would these people do. They all were people like you with 10+ years experience. The best thing they did was their trades timing, entering with 3-5 pip SL ang getting RR 5 sometimes even 10,15 etc... Just amazing. I tried to do things like they did, but I simply couldn't trade like they did, I am too slow, still a little bit based on emotions, and don't have the edge they had.
So, I wish you good luck with this, you are experienced enough to be like they were and do the best!
Best regards,
Daniel

Forex Cube,

i am so much interesting in scalping method,my experiences only around 6 years,and througout those years i have lost so much only little withdrawed,until now
i try to find the perfect entry method of scalping,how fast entry ,how fast exit depend on the time frame i enter,but now the most i used for scalping are base on price action against news and base on indicator for now im using Bolinger Band and Moving Averages,recently i made some improvement of my scalping and some withdrawal around 1.5 k usd ,but still long to cover all my loses after so many years,i hope i can learnt more and become sharp,my methode now more to controlling the risk even the stop lose can be the pain to the ass when its triggered,...

i am interested to study on small time frame scalping ,but now my base more to 1 hour candlesticks movement.

Just have a couple of questions to all...
Thans in advance,will appreciate all the answers...
So:

Have u heard or read about any broker who ever disallow long term trading?) Till now there are many which or directly or with their trading conditions making scalping almost impossible? what do you think-why?

Have u ever heard or read that any of private trading companies (not banks,hedge funds,big financial insitutions etc) use long term trading in their business?

Don't you think that if you want to trade for living in long term and it is not a hobby you should have at least 30000 dollars at your deposit to be able to have reasonable MM ?

I have heard a lot of times from a lot of persons that scalping is very difficult and stressful that it is inharitance only for pros. My next question is -for what are you in the market to become a professional trader or just to spent your time. If for the first purpose don't you think that for becoming at least good specialist
,you should make a really difficult things,and pass a really difficult path? And don't you consider that through scalping you can achieve this goal or decide that trading is not for your personality much more faster because the logic of the market is the same for all timeframes ?

*just a little input,even I trade M1 -scalping for me it is not to take just ''a couple'' of points,but to take what the market can offer for current time and situation.

Have a nicest weekend,guys!

Thank's Daniel!
I wish you a lot of green pips!
FXcube

Knowledge is power.
FXcube

http://investazor.com/2013/08/21/sim...rategy-system/

Simple Forex Scalping Strategy For EURUSD and GBPUSD
By Alexandra Tarlia

If you are interested in forex scalping and you are a beginner, read our Forex Scalping – Complete Beginner to Advanced Strategy Guide to understand the concept. If you past the first steps it’s time to Choose The Right Broker For Scalping and also the best Currency Pair for your simple forex scalping system.
The strategy presented in this post it is one of the simplest and it can be used on currency pairs with medium volatility and low spreads like: EURUSD, GBPUSD and USDJPY. The recommended time frame is 5 minutes. The systems is a combination of candlestick patterns, which offers reversal signals, and the Relative Strength Index (RSI), which announces market exhaustion in overbought and oversold signals.
The candlestick pattern preferred for this scalping strategy is the Shooting Star. It announces a reversal of the power from the bulls to the bears. This pattern should be searched only on the highs of a trend, it is a bearish signal and it doesn’t matter the color of the candle.

http://investazor.com/wp-content/upl...13-280x300.png

The RSI used it is recommended to have 14 periods. If the number of periods is too small it will give many but of low quality signals, while if the number of periods will be higher the quality of the signal could improve, but the number will drastically drop.
Let’s get to the practical part of the trading. There are 2 scenarios that you could look for:
Look for a Shooting Star, drawn after a strong move, and for the RSI to get into the overbought area. If you get both signal from the RSI and confirmation from the candle stick pattern, open a sell order on the opening of the next candle after the formation, set a stop loss order above the Shooting Star’s upper shadow and a Take profit at 50% of the previous rally.
You can see an example in the image down below.

http://investazor.com/wp-content/upl...20.08.2013.png
Again look for the same pattern, drawn after an ascending move, and for the RSI to draw a divergence. These signals do not appear that often on the 5 minutes chart, but the time frame can be reduced to 1 minute. The signals given by the divergences are usually stronger than the ones given by the overbought. Place the Sell Order at the opening of the next candle, set a Stop Loss above the Shooting Star’s upper shadow and the take profit at 50% of the previous move.
You can find an example down below.

http://investazor.com/wp-content/upl...20.08.2013.png
Let’s make a short recap of this simple forex scalping strategy :
This system is pretty basic – It is a bearish system but the signals can be adjusted to work as a bullish one too. It works best on currency pairs like EURUSD, GBPUSD and USDJPY and the time frame recommended is a 5 minutes one.
A trader should look for the formation after a strong up move confirmed by an overbought RSI or a divergence on the oscillator. Set a sell order on the opening of the next candlestick; place a Stop Loss above the Shooting Star’s upper shadow and a Take Profit at the 50% of the previous move.

Best Forex Scalping Strategies - The Myth of Profits and a Reality of Losses

Urban Forex 10 Pips Per Day Scalping Strategy

hey silly question but i can only trade the us session because day job

can i scalp or is it imposible?

thanks for answer

Hi arlucad!
Acquire experience if you can scalp during the us session.
I can & I know many other sclapers, too!
FXcube

can u explain a scalping strategie for us session or for all sessions?

most strategies i found are for london session...

see here some examples, please:

Scalping 10 sec., 30 sec., M1
http://www.forexfactory.com/showthread.php?t=222387

Simple Scalp Machine
http://www.forexfactory.com/showthread.php?t=292842

Scalp & Swing
http://www.forexfactory.com/showthread.php?t=285159


...& take a look here, please:

1. Tips and Facts about Scalping in Forex
2. Forex Scalping Systems
3. Forex Brokers that Allow Scalping: Research and Results

Tips and Facts about Scalping in Forex
http://forex-strategies-revealed.com/scalping-tips

Forex Brokers that Allow Scalping: Research and Results
http://forex-strategies-revealed.com...owing-scalping

Forex Scalping Systems
http://forex-strategies-revealed.com/scalping-systems

Scalping systems:

1. Scalping ideas (ADX and Bollinger bands)
2. Scalping system #1 (Economic news releases)
3. Scalping system #2 (Morning breakouts)
4. Scalping system #3 (2 SARs to go)
5. Scalping system #4 (5 pips with GBP/USD)
6. Scalping system #5 (Tops & Bottoms)
7. Scalping system #6 (EMA Bands)
8. Scalping system #6-a (Trend Trades)
9. Scalping system #7 (Great GBP/JPY 1M scalping strategy)
10. Scalping system #8 (1 minute Scalping with Pivot Points)
11. Scalping system #9 (Trading by Psychological Levels)
12. Scalping system #10 (Capture M30 direction - xx.00 xx.30 strategy)
13. Scalping system #11 (The Center of Gravity)
14. Scalping system #12 (Three EMA's scalping)
15. Scalping system #13 (CarlPlayer scalping system)
16. Scalping system #14 (EURUSD scalping with Bollinger Bands)
17. Scalping system #14-a (Bollinger Bands + RSI in a range)
18. Scalping system #15 (Black Magic)
19. Scalping system #16 (Sidekick system)
20. Scalping system #17 (Scalping, long term trading)
21. Scalping system #18 (Scalping 1 min EU)
22. Scalping system #19 (X-Scalper)
23. Scalping system #20 (Florin's scalping system)
24. Scalping system #21 (Utmost simple scalping)
25. Scalping system #22 (Simple scalping)
26. Scalping system #23 (Keltner Scalping System)

i like the ema band system what du u think about=?

#23

Hi danos!

Where to set an exit stop is more a matter of risk tolerance & not a hard rule when using a scalping strategy what the most literature misguidedly & incorrectly recommend? Let me explain it by reference to an "Exit Stop".
In an exit stop, an investor is closing a position and, thus, not decreasing risk. This is not to say that stops should be used carelessly. Indeed, by placing stops too close to current price action, an investor can be easily "whipsawed". Scalping traders seems to be more exposed to that risk. A whipsaw occurs when an investor buys a security price falls, the investor sells the security, and then the security price goes up above the original purchase price, which you have refer to my first picture (#6). When now at this point many scalpers like to go out with their trades in a loss what's that? The investor's original opinion was correct, but he or she still lost money.

The word "whipsaw" comes from the timber industry where a long, thin, two-man wood saw would often get caught in a log, if not properly handled, and whip the sawyers back and forth without cutting the wood and subjecting them to "two damaging and usually opposing forces at the same time" (www.randomhouse.com). The whipsaw resulted from lack of analysis and lack of patience, just as in investing.

(As a side note, frame #18 demonstrate one more Scalping Long Order on my other scalping account exact at this turn around EURUSD, Long @ 1.33825 till 1.3386 in the expectation of making more profit, so also #19).

Kindest regards
FXcube

More haste less speed.
Zeal without knowledge is fire without light.
(Blinder Eifer schadet nur. Eile mit Weile)

so.... which of those methods do u use ?