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Scalping Techniques That Work

  • #21
  • Aug 27, 2021 8:33am Aug 27, 2021 8:33am
Quoting eietrader
{quote} Yes, is risky but the most important is how much profit you have at the end of the week....
OK, but no Stop Loss ?
This looks like suicide in metals ....

OK, what's your plan in case the price just trigger the trade and goes opposite after that ?
  • #22
  • Aug 27, 2021 9:12am Aug 27, 2021 9:12am
Quoting eietrader
{quote} Of course. There will be days when you will lose your account. That's why I've said that the deposit will be split into 5 parts at the beginning of the week. But the secret is to know when to stop. Today I've made x2.5 and I won't trade anymore. Next week and I start with $200 each day. On 23 and 24 I was on vacation I didn't trade. On 25 and 26 I've made x2. Normally 1 or 2 days of the week and I'm losing the account. Like I ve said, I am using another strategy also. with risk-reward 1-3 but I need to wait 5 years to accomplish my target....

Got it!
Thanks for your explanations!

Do you mind to share the other strategy with 1:3 ?
  • #23
  • Edited 7:15pm Aug 28, 2021 4:34pm | Edited 7:15pm
Quoting eietrader
You can try it with $10 and see how it works I have 60 pips margin for my transactions I will open next week a journal and I will post all my trades. Just to show that is possible. Have a great day!
Your strategy and plan is amazing,good idea,there is one thing missing. I can help you frame your charts for higher win rates and each time you dive in,the drawdown is less and less than what indicators are telling us generally and what the world's traders are fed via these metatrader platforms.Deposit less withdraw more

Its weekend,this is a LIVE moving market on Deriv MT5 synthetic indices platform 20 pts per traded compared to XAUUSD,different instrument altogether,its not really where you would buy/sell from the screenshot,but i'm testing market structure thats 1 cent a pip you see there.This is the framework I setup and could also do it without indicators too.

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All that remains just left the last position on you all see what happened,more than enough profit taken

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  • #24
  • Aug 29, 2021 10:07am Aug 29, 2021 10:07am
Quoting eietrader
{quote} Thanks. I will try on a new account next week. With my plan, you just need 4-5 trades to double your account.
Keep it simple and effective,thats the plan,you are always welcome my friend.
  • #25
  • Aug 29, 2021 10:10am Aug 29, 2021 10:10am
What is your SL in pips,maximum risk per deposit? Lets use $10 as you stated,as 5X deposit equates to $100

I'm trying to work out a formula and tradeable zone to remain consistent with entry/risk
  • #26
  • Aug 29, 2021 12:30pm Aug 29, 2021 12:30pm
Generally speaking-

another scalping technic that rewarded me some Euros is to scalp at the London opening the Dax30 when general market sentiment points in certain direction.
Sometimes the market sentiment is so unique, that you can predict with very high propability in which main direction the opening will go. That is the case when US Markets (indices) showed some weekness, asian markets show weekness as well, and no other good news are published in Germany. Inspite the direction is clear (mainly up), Dax allways moves also sharply down, and that is the moment when i push the "fire" button. Right after the openimg dont jump in for the up move, just wait for some seconds pullpack, and than jump in long, and close after the next upmove taking some pips.
Very simple.
But that only works, as i mentioned, when market sentiment is clear- otherwise Dax can be a brutal biest and wipes you out in seconds
  • #27
  • Aug 29, 2021 1:45pm Aug 29, 2021 1:45pm
Quoting eietrader
{quote} I'm using 1000 leverage and my lot is calculate based on 60pips SL. I can make easy x2 per day but this is a fun account so I want to see how much I can make. Maximum was x4 This week I will start with $200 per day. At the end of the day I take my profit and I start again the next day. Seems that I can't open a topic with my trading jurnal because I need more posts. Let me know if you have more questions.
Thank you,good knowing that you're managing risk with calculation,most important...you're always welcome here to create your own thread,i did one recently and enjoying communication with traders all over ,will keep in contact.Keep safe.
  • #28
  • Aug 29, 2021 10:43pm Aug 29, 2021 10:43pm
Quoting eietrader
{quote} I'm using 1000 leverage and my lot is calculate based on 60pips SL. I can make easy x2 per day but this is a fun account so I want to see how much I can make. Maximum was x4 This week I will start with $200 per day. At the end of the day I take my profit and I start again the next day. Seems that I can't open a topic with my trading jurnal because I need more posts. Let me know if you have more questions.

Not sure if you're up and caught this move your account might be doubled ,just have a 3:1 RR trade,I was selling on a different trading system,anyhow EMA 100 and MACD fall in line perfectly to allow the break ,retest and sell. Gold will become more volatile just before London,then calm and again at 8AM,take care.

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  • #29
  • Edited 7:26am Aug 30, 2021 7:14am | Edited 7:26am
Something weird happened,maybe promoting telegram channel on FF had the membership denied access,it can work its a great idea
  • #30
  • Aug 30, 2021 8:16am Aug 30, 2021 8:16am
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  • #31
  • Aug 30, 2021 9:20am Aug 30, 2021 9:20am
10 pips - The member had no intentions of making this strategy commercial,it was suggested that I can go ahead and post,I'm no commercial person either,i help for free.....I earn enough money in forex and football strategies,no need to sell anything guys.If you gain some profit from here, all thanks and credit to that member.


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  • #32
  • Aug 31, 2021 5:53am Aug 31, 2021 5:53am

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  • #33
  • Aug 31, 2021 6:07am Aug 31, 2021 6:07am
Quoting scsstnt
Hi,

Do you have any particular algorithm for building the zones ? If yes, do you mind to share it ?
  • #34
  • Aug 31, 2021 6:40am Aug 31, 2021 6:40am
Quoting forexcentric
{quote} Hi, Do you have any particular algorithm for building the zones ? If yes, do you mind to share it ?
Identify Bearish and Bullish engulfing patterns on HTF...mark the zones like on H1,then on M1 the scaping is much more effective and accurate
  • #35
  • Aug 31, 2021 7:10am Aug 31, 2021 7:10am
Statistics from last 4 weeks and rising volume/volatility.Take what you need leave what you don't
Those are the time you want to be trading Gold.

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  • #36
  • Aug 31, 2021 7:28am Aug 31, 2021 7:28am
USDCAD H1 structure - News Soon GDP Q2
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  • #37
  • Aug 31, 2021 8:00am Aug 31, 2021 8:00am
Study forex well,it will constantly pay you,as small as the profit maybe,compound your acct,not sure about months or years to come,where ever you live....the world is not what it used to be......help the needy if you can.

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  • #38
  • Aug 31, 2021 9:26am Aug 31, 2021 9:26am
60 pips - Check the zone nothing moved except price

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  • #39
  • Aug 31, 2021 9:34am Aug 31, 2021 9:34am
USDCAD - After news

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  • #40
  • Aug 31, 2021 10:16am Aug 31, 2021 10:16am
2nd TP was that boxed zone below,I closed before

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