1 - EUR/USD Daily Chart Source: Wordon Brothers Figure 2: EUR/USD Weekly Chart Source: Wordon Brothers In the example above, the weekly chart shows a strong upward bias of the EUR/USD. The price is below moving average 5 periods. By redundancy in trading jargon, I mean having the ability to enter and exit trades in more than one way. Best times for Scalping : There is an ongoing debate about the best times for successful scalping in the forex market. In particular, some scalpers like to try and catch the high-velocity moves that occur around the time of the release of economic data and news, such as the announcement of the employment statistics. Submit Andrew, x- scalper strategy is an strategy based on FX scalper indicator.
Only trades on the short side once the RSI crosses over the 90 plot guide, and the long side once the RSI reaches below the 10 plot guide, are entered. Fx scalper green bar above. In this part well discuss this important subject in detail and give you usable hints for your trades. Scalping is based on the principle that profitable trades will cover the losses of failing ones in due time, but if you pick position sizes randomly, the rules of probability dictate that sooner or later an oversized, leveraged loss will crash all the hard work. Using erratic trade sizes while scalping is the safest way to ensure that you will have a wiped-out forex account in no time, unless you stop practicing scalping before the inevitable end. When to Scalp and When Not To Remember, scalping is high speed trading and therefore requires lots of liquidity to ensure quick execution of trades. Therefore, be sure to understand the trading terms of your broker. On the other hand, there are particular price patterns and configurations where scalping is more profitable. You cannot take your eye off the ball when you are trying to scalp a small move, such as five pips at a time. Sometimes this is the stated policy of the firm, at other times the broker creates the conditions which make successful scalping impossible. Be sure your internet connection is as fast as possible.
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