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Attachments: Scalper Guide
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Scalper Guide

  • #1
  • First Post: Sep 29, 2016 1:13pm Sep 29, 2016 1:13pm
Heres my scalping technique, I dont like the words Strategy or Method.

I use a 1 Minute chart to look for my entry, and I use a 30 tick chart to get out, as it shows me earlier than the 1 Min. (Find your own tickcharts I wont promote products here)

First chart 1 Minute timeframe (what it looks like):

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 306 KB


What im looking for? Im looking for pull-backs against the moving averages on levels turned support into resistance and vise-versa, that do not cross the moving average boundary:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 321 KB


After I decide when to get in I will open my tick chart and will keep my trade open as long as it stays inside the moving averages boundary, and soon as it breaks that boundary ill close and look for another trade:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 280 KB


The template:

Attached File(s)
File Type: tpl template_name.tpl   6 KB | 1,277 downloads


And good luck.

Dont ask me what tick chart I use, I dont promote others businesses.
  • #2
  • Sep 30, 2016 5:39am Sep 30, 2016 5:39am
do u trade this rainbow scalping live or demo?

i like this art of charts but i dont get the entrys in linuxtrolls thread or others. I hope to get more infos here☺
Everyday better.
  • #3
  • Sep 30, 2016 11:23am Sep 30, 2016 11:23am
​What tick chart do You use?
  • #4
  • Sep 30, 2016 11:32am Sep 30, 2016 11:32am
Quoting Anusragger
​What tick chart do You use?
30 ticks..but you could try 40 ticks or less 20...up to what feels better to you.
  • #5
  • Sep 30, 2016 11:34am Sep 30, 2016 11:34am
Quoting arlucad
do u trade this rainbow scalping live or demo? i like this art of charts but i dont get the entrys in linuxtrolls thread or others. I hope to get more infos here☺
Check image #2

Pullback against the moving averages without breaking the last barrier, on a level in which price action is turning support into resistance or vice versa.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 262 KB


If you dont want to keep going in and out, you can always hold your trade and move your SL to breakeven as soon as you are in some profit, you may be able to catch large moves.
  • #6
  • Sep 30, 2016 1:56pm Sep 30, 2016 1:56pm
Okay yea i will try this.

But i will trade this with futures and because of the low timeframe i trade only eur and gbp

Do u use any other indis or filter?

I test this over the weekend and see how it gos in the simulator^^
Everyday better.
  • #7
  • Sep 30, 2016 2:15pm Sep 30, 2016 2:15pm
Quoting arlucad
Okay yea i will try this. But i will trade this with futures and because of the low timeframe i trade only eur and gbp Do u use any other indis or filter? I test this over the weekend and see how it gos in the simulator^^
The only extra thing to say is, if you are scalping you dont care about fundamentals, so avoid news times.

Which simulator do you use ?
  • #8
  • Sep 30, 2016 2:32pm Sep 30, 2016 2:32pm
An extra simulator for ninjatrader, and scalptool with simulated data.

Jea normaly i dont trade 30min before and after news except nfp that day i dont trade.
And you?
Everyday better.
  • #9
  • Sep 30, 2016 3:36pm Sep 30, 2016 3:36pm
I use wmas from 10-240 in 10er steps. What rainbow do u use?
Everyday better.
  • #10
  • Sep 30, 2016 3:55pm Sep 30, 2016 3:55pm
Quoting arlucad
I use wmas from 10-240 in 10er steps. What rainbow do u use?
20-160 linear weighted, no shift - in tens also
  • #11
  • Sep 30, 2016 3:57pm Sep 30, 2016 3:57pm
Okay i will change my settings. So we both have the same settings
Everyday better.
  • #12
  • Sep 30, 2016 4:36pm Sep 30, 2016 4:36pm
Nice technique. Can't check with tick charts right now, but would your exit be very different if you were to use the 50 MA (e.g.) with a different color for exit boundary on the M1 also?
  • #13
  • Oct 1, 2016 10:57am Oct 1, 2016 10:57am
Quoting Go5
Nice technique. Can't check with tick charts right now, but would your exit be very different if you were to use the 50 MA (e.g.) with a different color for exit boundary on the M1 also?
Im not sure, I have already written how the technique is with the template included, if you want to do it a different way feel free.
  • #14
  • Oct 1, 2016 1:33pm Oct 1, 2016 1:33pm
Quoting venividivici
{quote} Im not sure, I have already written how the technique is with the template included, if you want to do it a different way feel free.
Thanks. I don't want to change anything (didn't even trade this once..), just asking . If it gives the same exits, it would be simpler without the tick chart, that's all.
I'll have a go and compare...
  • #15
  • Edited 2:03pm Oct 1, 2016 1:35pm | Edited 2:03pm
I would trade it with tick charts so u will get the exit signal much accurate than on time charts.

I trade this now the whole day in the simulator and for my instruments 30-50 ticks works really well.

And i search trough all charts about rainbow scalping and get a better idea so that i will trade this on a demo next week. So we will see how it goes

And the break of support and resistance work like a charm. Only wait for pullback to a exact ma doesnt work for me.
But i think a bigger chart like m5 or so will hold us back to trade against the bigger trend doesnt it? Ur opinion pls.
Everyday better.
  • #16
  • Oct 1, 2016 2:57pm Oct 1, 2016 2:57pm
Quoting arlucad
I would trade it with tick charts so u will get the exit signal much accurate than on time charts. I trade this now the whole day in the simulator and for my instruments 30-50 ticks works really well. And i search trough all charts about rainbow scalping and get a better idea so that i will trade this on a demo next week. So we will see how it goes And the break of support and resistance work like a charm. Only wait for pullback to a exact ma doesnt work for me. But i think a bigger chart like m5 or so will hold us back to trade against the bigger...
Im happy to hear you see it working for you.
In regards to tick charts yes, you can trade it only with tick charts, but you will have to open and close alot more times than a 1 minute, But this will also give you much smaller pip losses also.
In regards to higher timeframes, the concept of support turning into resistance and vice-versa is something that works on all timeframes however higher, the higher the more pips, also the bigger stoploss tolerance..but thats not scalping.

The moving averages are there to help you visually, and for me the most important is not to guess when to get out, but to clearly get out when they break through the last barrier.
  • #17
  • Oct 1, 2016 3:07pm Oct 1, 2016 3:07pm
Which indicator do you use on MT4 to get tick chart?
  • #18
  • Oct 1, 2016 3:36pm Oct 1, 2016 3:36pm
Quoting balouf
Which indicator do you use on MT4 to get tick chart?
I use a paid tickchart indicator for the mt4, maybe you can google it.
  • #19
  • Oct 1, 2016 3:37pm Oct 1, 2016 3:37pm
How big is your Sl? i use min 4 Pip and max 12pips

My TP is 1. Step is 1:1 and Put the stop to Be 2. Step let it go to your criteria on the tick chart.

When u google "Tick chart mt4" you will find real good indis here on FF
Everyday better.
  • #20
  • Oct 1, 2016 3:39pm Oct 1, 2016 3:39pm
Quoting arlucad
How big is your Sl? i use min 4 Pip and max 12pips My TP is 1. Step is 1:1 and Put the stop to Be 2. Step let it go to your criteria on the tick chart. When u google "Tick chart mt4" you will find real good indis here on FF
Hey arlucad, post some screenshots of trade examples if you want? would be nice to see.
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