5mnts chart for scalping

[ayushsrk]

hello friends, as we know that through the scalping we easily make good income in short period. but what we do . i use this system.

1. use the 5mnts time frame chart.
2. use the candlestick
3. follow the daily time frame chart.. for daily trend.
4.use the resistance & support level for enter the order.
5. use the pivotpoints on daily chart.
6. use the pivot level for my take profit and stoploss target.


and in this system , i am able to make daily one or two trade easily per pair.

Majority of the points that you have mentioned about your strategy of trading are quite good because the use of candlesticks over bars is always recommended to all the traders for sure.And also using the time charts are good but I would like to say to all the traders whether they are scalpers or swing traders to utilize all the charts and resources available to be making a good deal of analysis and not only stick to one type of a chart.

Many traders are there who if are scalping here then they only prefer to use the 5 minutes or shorter time frames and not the higher ones for their analysis as they think that it is useless.And the same thing is with the swing traders as they donot really use the shorter time frames rather always the long ones like 1 day or 4 hours etch.But using such monotonous time frames I think are not going to give the traders a right analysis of the market rather they will lose in their trades with lack of market understanding.

[ajoy]

In Forex market those who are small trader that men those who have small capital they like to use scalping,even most of them do the scalping.I think 5 M chart is better for them.whose who are expert they can earn more money to do scalping. height they can use 30 M chart for there business.

[ashvini]

Well for some one who is aware of the daily trend for sure would not scalp in the forex market because they can make more money by following the trend and thus would trade along the trend. But there would be traders who would still be scalping because they want to make quick money with bigger lot sizes and thus would scalp.


Scalping is one of my favorite strategies and i like to scalp in the ranging market which will give me protection from too much of losses or drawdowns. Thus, its always good for the traders to scalp if they have aim only for few pips and no trading for more time because we just need to realize the profits as fast as possible.

[HansipFX]

Yes all the rules that you make may be good, but inyour suggestion, what currency pair is good for this strategy ? I am not familiar with scalping strategy, so when a good time to use this strategy? I hope you make the strategy more complete to let us all easy to understand.

[HIFTAR]

Scalping is very risky but there may be more profit in short time... so if u have some idea of scalping then u use this style on day trading. so u easuly make good profit. I also do not understand about scalping, because of my first trade using supply and demand analysis, it's hard for me to do scalping, For scalping a trader should have deep insight of market and should have knowledge of price action.

[banamali]

Yes i do believe that 5M chart is best for the scalping.we do scalping for short time,so we do not need to see the long time.scalping is basically one kind of technical analysis.If you can do technical analysis perfectly of course you can do scalping by seen market movement.

[nadeem16155]

yes you are right you can do scalping with 5 minutes time frame and you can also take help from candlestick too but all for to do must have knowledge and experience if you have good knowledge and experience about forex trading then you can earn good profit and can also analysis market trend well but without knowledge and experience its so difficult to do trading at real account

[einsamkeit]

it is more effective to use 1 minute chart to scalp with require the one pip spread fixed it is the maximum spread that llowed to be scalped more than one pip spread i think it is better to trade swing or longterm because if you are often to enter market but pay more spread it would eat your profit swing trade is mroe safe you can try it

[Md_shobuj]

I am scalper I am using a 15 min chart and used an indicator that tell the market situation next what the move market done but I am not making consistent profit from that i need strong system i not know about support and resistance i want to know and tell me about pivot pins and detail in the next thread kindly please. I old all time frames for scalping, and it is real weighty for me to get more info almost the marketplace place, and they know their own part which we poverty, and my formidably rules, i unsealed occupation when the small human aforementioned path with the higher one, and also my old holder as my optimal indicator and equidistant steers point operation resistance with dynamical.

[lastnet]

Scalping is one of my favorite strategies and i like to scalp in the ranging market which will give me protection from too much of losses or drawdowns. Thus, its always good for the traders to scalp if they have aim only for few pips and no trading for more time but without knowledge and experience its so difficult to do trading at real account

[sekiryutei]

surely that 5 min chart for trading is all for the best. i never seen any other way to earn better money actually other than this one. let's say that you trade by the event but most likely the data event will rally the chart for 5 minutes till 10 minutes. and that's why better to use the 5 minute chart under such situation.

[Rajonbd]

I think for good scalping we can always use 15min chart , When I am scalping on my trading then I am always use this 15min chart , and 75% time I can success with this . If people want to make a good analysis for scalping then its really good option for that to first learn about well that how to make a good knowledge about forex for make this best way for them to earn always good profit from their scalping .
So first we need to make our experience high for choose which method will help us for make good profit in Forex .

[MDSN]

hello friends, as we know that through the scalping we easily make good income in short period. but what we do . i use this system.

1. use the 5mnts time frame chart.
2. use the candlestick
3. follow the daily time frame chart.. for daily trend.
4.use the resistance & support level for enter the order.
5. use the pivotpoints on daily chart.
6. use the pivot level for my take profit and stoploss target.


and in this system , i am able to make daily one or two trade easily per pair.

Yes 5 minutes chart is best. You can also use 4 hour and 1 hours chart for market direction because it will reduce the risk in Forex market trading. Trading on market direction is the best strategy to make easy profit withe less risk in Forex market trading business. Forex is the risky busienss and you can reduce the risk in Forex by Learn Forex strategy because it will reduce the risk in Forex market.

[Believer]

it is more effective to use 1 minute chart to scalp with require the one pip spread fixed it is the maximum spread that llowed to be scalped more than one pip spread i think it is better to trade swing or longterm because if you are often to enter market but pay more spread it would eat your profit swing trade is mroe safe you can try it

wow, in the time frame m1 many false signals occur, if you're not careful, you will loss your trade. most of the scalper using m5 and M15 timeframe. I also think it's great to be a scalper but it is not easy for me, it takes too much time. I only have time in the morning before leaving for work. so I'm more suited to intraday trader.

[featurelion]

I did not like scalping because scalping strategies are very risky and most of the times it gives us so much loss and we may also blown our account. I have tried many scalping strategies based on indicators based on moving averages, bollinger bands and rsi. These indicators many times gives me bad result so for now i am doing long term and short term trading. These tradings control my emotions in a trade and i will be able to earn more and more money by doing these tradings.