Price Action Scalping Ebook Scalping in the forex market involves trading currencies based on a set of realtime analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. Forex junkie & price action trading specialist! Here I share my knowledge & experinces with technical strategies, focusing on swing trading, and breakout trading. I am also obessed with trading psychology, and my new area of research - data mining & quantitative analysis.
Does the money move the price or does the price move the money? The money moves the price! Conspiracy is a crime not a theory. Large Traders do not commit crimes but they do create random order. Do the Large Traders condition the trend of the market? Of course they do! Trade like a Large Trader! Do what the big boys do! Hold on to the Large Traders tail and enjoy the ride! What are you waiting for?
The stop-loss is the food of the Shark, sorry, the Large Traders! Do not offer yourself! My first passion is trading The price goes another 3 pips below the close. If all the above conditions have been met — place a SELL order at the current. This example is, of course, perfect. In this case, other candles being red, we will have to wait for the next. Place a fixed stop loss at 2 pips below the low of the previous 1 hour candle.
When the price reaches 15 pips — stop loss is transferred to breakeven. Depending on your trading preferences, you can resort to the trailing stop. Take-profit should always be times. Price Action Scalping I. Price Action Scalping II. Deedou Wednesday, 14 August What are you doing if you are having an opposite signal all candles are showing the same direction when you are already in a trade? Are you closing the actual trade and enter the new trade?
Brad Alexander Tuesday, 17 September Hi William I am demo-ing your strategy now and have a couple of questions. Have you tried using any indicators for trends? Do you find this strategy works better during certain times of the day? I am finding that the London session is too volatile but the New York session seems to be giving me better results.
Also, in your example, when you say "wait for the next candle" on the m15, do you mean the next m15 candle or H1 candle? Shahel Ahmed Thursday, 09 February Andrey Tuesday, 16 May Dion Saturday, 26 May Share your opinion, can help everyone to understand the forex strategy.
It gives a good chance of profit, with proper risk management - and the possibility of a stable income. If you choose "Vertical" in the "Window" menu Metatrader 4 four screens in the terminal will be placed in adjacent windows in order.
In the picture Price action candle scalping system in action. On M15 chart — a 9:
The money moves the price!