Forex scalping strategy successful black

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You should draw a trend line from the last high or low prior to the cross of the 50SMA to the next high or low. This will form a small resistance or support line. Trade Set up Rules The price and candles must all stay on the correct side of the small trend line.

Otherwise, the possible trades will be canceled. Pullbacks of candles towards war zone must be smooth and flat. After identifying the first candle to enter the war zone, wait for the second candle to pullback from 21MA towards 10MA and then enter the trade on the pullback. Circles 1 show the first sell signal and circles 2 show the second sell signal.

The small resistance trendline is shown as the dotted black line. The price action accurately reverses in the war zone and continues to the downside. The Trade Enter the trade in the war zone by making a market order and putting your stop loss 6 or more pips away.

Do not use a trailing stop loss. Profit limit must be between 10 and 15 pips. Only trade where there is a good set up. In a bearish market, when the price reaches the lowest EMA, it is a sign to sell. The opposite is true in a bullish market. When the price meets the highest EMA, it can be a sign to buy.

Set a stop-loss a bit before or after the meeting point. This will prevent you from getting stopped out early, just in case the price dips below before rising. Give the Stop-loss some space from the lowest price. By looking for EMA meeting points in conjunction with the current price, we can more certain or buying and selling points. A crucial thing to point out about exponential moving averages it that what they show you is past prices. They always lag a bit behind the real trend.

Because of this, they cannot always be relied upon. Volume and price action This strategy uses volume indicators to look for price action. It is based on the theory that changes in volume are usually followed by price action. In a sense, volume is your signal and the price action is your confirmation. When volume is low, it can be a sign that a trend is dying and may reverse, or that it is taking a break before continuing.

Typically, low volume is followed by high volume and then price action in the short term and not necessarily in the long term , which makes it highly useful for forex scalpers. To use volume, forex scalpers need to be patient during a ranging market, spot volume spike alongside price action and buy before prices go up.

Once they are high, sell. Be sure to wait for confirmation of a bullish trend before relying on volume! When it comes to trading volume in the forex market, traders need to be careful where they are getting the information from. Most brokers who offer this feature will likely just offer the volume they see from trades they are fulfilling.

This is because the forex market is decentralised and because of that it is almost impossible to gain a complete picture of where money is moving. One last thing to remember about trading volume is to never trade one movement! Look for a series to be sure the environment is good to trade.

Using Stochastics and a trend line This strategy uses the stochastics indicator in conjunction with a trend line. Stochastics measures if something is overbought underbought. If it is above 80 it is classed as oversold and below 20 is underbought. Ideally, to implement this strategy, you need to have an uptrend or a downtrend as it will be hard to use this strategy in a ranging market.

On your platform, draw your uptrend using the trendline tool. What you are looking for is where the trend line is met or crossed over. This acts as a signal to potentially buy or sell. After this, you need to look for either an overbought or underbought condition in the trend.

Then, use the stochastic as a guide to enter or exit on pullbacks. You can tweak this strategy to use a channel pattern instead of a trend line to more clearly mark support and resistance levels. This is a good strategy because you have two conditions met.

Trading on a trend is one and the overbought, underbought condition from the stochastics acts as the second. Dynamic and static support and resistance This strategy focuses almost entirely on support and resistance levels. As a rule, three or more points can indicate a line of support or resistance. Static support and resistance are the levels from the beginning of the day, the highest and lowest points. This must be identified when you start trading Dynamic support and resistance are always changing depending on market fluctuations and are far more subjective.

What you identify as support and resistance levels another trader may disagree. Look for areas where static and dynamic support meet. These can be your buy and sell points. This strategy is very simple and can be used in conjunction with other indicators to gain further confirmation of buying and selling points.

Bollinger Bands Bollinger bands are used to see volatility. The further they are from the centre, the more volatile they are. They measure the highest and lowest points of an instrument and can be great for knowing when to avoid the market if it is ranging.

In which case, the bands will be close to each other. This strategy is very simple. When prices reach the upper band, go short and when prices reach the lower band, go long. Despite the above, this strategy can also be used in a ranging environment as well as a volatile one, though it can be more difficult. Whatever strategy you decide to use, keep it simple. Simplicity in trading forex is underrated and will always earn you far more than a complicated strategy.

This is because simple strategies are far easier to learn and repeat. The more parts there are to your strategy, the more things there are that can go wrong. Simple strategies are also easier to remove emotion from your trades as well, reducing the pressure on you to succeed. Learn what works best for you and stick to it. Do not automatically trust the strategy you come across. Always test it, even the ones we have told you about should be backtested first.

While the strategies we have listed are effective, they still might not work for you. The best place to do some backtesting it with a demo account. That said, you need to be careful with demo accounts as the market conditions they offer are never real.

In the real world, market execution is never so fast and immediate. Prices change fast and there is always slippage. If you test a strategy in a demo account and think it will work well in a real environment, then proceed to test it there as well. Key points Forex scalping is where you make many small trades. Over time, small gains amount to a large profit. Make sure you have all the scalping necessities. Those are: a fast broker; fast platform; the right mindset.