There are many good scalpers here and many that would like to become good scalpers.
I do quite a bit of successful scalping and I like to scalp Gold mostly.
I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair.
This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems!
Without really commenting on this, I like to keep an eye on support and resistance zones and pivot points along with S1, S2, R1, R2 -- so I have this on my template. I like the fxr indicators for this, the only pain is that they update the indicator about every month and one has to install the updated indicator or you get an annoying update message on your template. They will probably update them in a couple of days since it will be the beginning of May.
The technique --> wait for a semafor 3 to appear on the 5 minute chart (keep in mind they repaint). Watch the TDI to make sure there is a cross of the green line over/under the red line. Wait for price to "clearly" break above/below the VWAP line. Now enter. Put your stop a little above/below the VWAP. Ride the trade to the next support/resistance or trail your stop or shoot for a certain amount of pips.
See pic for two good trades today on Gold for an example.
Just one technique if you are interested.
I do quite a bit of successful scalping and I like to scalp Gold mostly.
I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair.
This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems!
Without really commenting on this, I like to keep an eye on support and resistance zones and pivot points along with S1, S2, R1, R2 -- so I have this on my template. I like the fxr indicators for this, the only pain is that they update the indicator about every month and one has to install the updated indicator or you get an annoying update message on your template. They will probably update them in a couple of days since it will be the beginning of May.
The technique --> wait for a semafor 3 to appear on the 5 minute chart (keep in mind they repaint). Watch the TDI to make sure there is a cross of the green line over/under the red line. Wait for price to "clearly" break above/below the VWAP line. Now enter. Put your stop a little above/below the VWAP. Ride the trade to the next support/resistance or trail your stop or shoot for a certain amount of pips.
See pic for two good trades today on Gold for an example.
Just one technique if you are interested.
