A holy grail scalping strategy

Discussion in 'Trading' started by Forexer Guru, Oct 5, 2023.

  1. Right now I have missed the opportunity to scalp EURCAD.
    Please someone follow my strategy. I need help making some improvements to it.
    One can be able to help me only after understanding the strategy.

    upload_2023-10-6_12-33-14.png
     
    #41     Oct 6, 2023
    MarketMovers likes this.
  2. I mean with the price at .4474, which is above .4468 by 6 pips, I have already missed that opportunity. I will not trade EURCAD even if the price falls to .4457. The momentum buildup has been lost (this momentum build-up is a key ingredient in my strategy).


    upload_2023-10-6_12-38-19.png
     
    #42     Oct 6, 2023
    MarketMovers likes this.
  3. I will have specific things that I will point out that I believe need to be relooked.
     
    #43     Oct 6, 2023
  4. Hi @maxinger
    I had not read this.
    I do appreciate and understand your view.
    My strategy entails earning at least 10 pips. and risking no more than 20 pips.
    If you take any three pairs say eurcad, eurgbp, and gbpcad, its possible to identify instances where one can earn those pips
    Entry point is key because I want to minimize loss as much as possible in the event that price goes against me.
    Relook at those three pairs
     
    #44     Oct 6, 2023
  5. This message is specifcally for those who do scalping. I mean after you have understood my strategy, that is not the end, we need to move to the next step which is increasing the number of trades.
    For instance, today, I just missed EUCAD because my entry point was not reached.
    My selection of the entry point is a big problem.
    This is the eurcad is shared. wasted opportunity
    I hope I have communicated the kind of help I am seeking

    upload_2023-10-6_15-9-39.png
     
    #45     Oct 6, 2023
  6. https:// forums.babypips. com/t/marketmover-trading-system/1211888

    Remove the two spaces, scroll down to this message below and you will see I had a terrible week. I did not lose anything but out of 4 trades (I should say opportunities), I missed 3 trades including today. I managed to take advantage of eursgd alone.
    So lets look at this strategy together and improve on it

    This is the message 3 days ago
    upload_2023-10-6_15-14-55.png

    Trades mates lets meet next week.
     
    Last edited: Oct 6, 2023
    #46     Oct 6, 2023
  7. schizo

    schizo

    So???

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    #47     Oct 6, 2023
  8. @schizo Hello.
    Please refer to my chart
    As I pointed out,
     
    #48     Oct 9, 2023
  9. who thinks its time to scalp USDCAD. @maxinger please have a look at it.
    I am not trading this pair at the moment (therefore not providing specific entry point or sl). remember all my trades are long

    upload_2023-10-9_10-2-43.png
     
    Last edited: Oct 9, 2023
    #49     Oct 9, 2023
  10. schizo

    schizo

    If you zoom out, you would see that it's actually in a downtrend. Anyway, it would be better to go long at the lower channel, but since it's in a downtrend, it would be even better to sell short at the upper channel.

    upload_2023-10-9_0-17-34.png
     
    #50     Oct 9, 2023
    Forexer Guru likes this.