Tools of the Trade: Scalping Strategies That Work

[Emma Carter]

What specific techniques or tools have you found most reliable for identifying high-probability scalping opportunities in Forex trading?

 

[ChelseaR]

I like to combine EMA (20 and 50) with volume indicators and price action around support and resistance levels to confirm the activity in the direction of the trend. I'm on the lookout for more techniques, will definitely let you know if I find something.

 

[rmufti68]

I would like to use the EMA with 20 & 40 or 9 & 18 to be honest. However we should also take one or two confirmations before taking out any trade.

 

[hayseed]

What specific techniques or tools have you found most reliable for identifying high-probability scalping opportunities in Forex trading?

//-----

psar breaks might work.....

perhaps hma, alma and coppock thrown in for filtering purposes......

such as only trade psar breaks when all 4 agree......

resist the urge to trade against the higher timeframes.....h


//------

 

[hayseed]

should have mentioned to learn what or what not to expect at the top of each hour...... obviously the london and new york opens spikes/range can give false signals.... i don't trade those hours for that reason.....

but also, almost invariably 5am est and 6am est will have a spike in volume and range..... that 1 minute spike can give false signals.....

we have all heard professional traders advise us to know your markets...... seems to be good advice.....

32 minutes till 6 am...... spike expected.....h
//-----



//------

 

[hayseed]

but also, almost invariably 5am est and 6am est will have a spike in volume and range..... that 1 minute spike can give false signals.....

we have all heard professional traders advise us to know your markets...... seems to be good advice.....

//------

the 6am est volume spike...... whether long or short, it can whack us.....

whipsaws like clockwork.....h

//-----