A holy grail scalping strategy

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

  1. USDCAD
    This is 15 minutes timeframe
    upload_2023-10-10_9-59-14.png
     
    #51     Oct 10, 2023
  2. who is of the same view?
    However, it may not work because the last 1 hour opened at 0.9061 and closed below that level
     
    #52     Oct 10, 2023
  3. I said I would like to discuss and share my scalping strategy.
    Lets refer to USDCAD above. Apologies its USDCHF
    The last one hour bar (high+low)/2 =.9060 (this would have been my entry point)
    Unfortunately the same bar opened at .9060 and closed at 0.9059 (that is below opening price)
    That meant I couldn't trade it.
    However, I could easily have earned 10 pips from 0.9060 to the current price at 0.9070
    upload_2023-10-10_10-34-13.png

    If you have questions just inbox. No need to ask on behalf of others.
     
    Last edited: Oct 10, 2023
    #53     Oct 10, 2023
  4. Remember, this is scalping strategy. You don't earn a lot of pips and you don't risk a lot of pips.
    But you can increase lot size significantly, risking unto 2% to earn 2% because you are sure the trade will not fail you.
    That is the beauty of scalping based onthis strategy
     
    #54     Oct 10, 2023
  5. The next pair I will analyze is EURSGD
    entry point 1.4435
    sl 1.44146

    If price falls to from the current level (see the chat below) to 1.4435 don't hesitate to risk something. Its always good to use demo account
    upload_2023-10-10_10-56-40.png
     
    #55     Oct 10, 2023
    MarketMovers likes this.
  6. Now look at AUDNZD
     
    #56     Oct 10, 2023
  7. We missed eursgd as you can see. (because price did not follow my rules, entry point 1.4435)
    As for AUDNZD, what do you think will be the outcome?
    upload_2023-10-10_11-7-7.png
     
    #57     Oct 10, 2023
  8. AUDNZD recommended entry point 1.0655 sl 1.06406
    However, 1.0655 not a must you can buy right now.
     
    #58     Oct 10, 2023
    MarketMovers likes this.
  9. also since this is scalping, holding time is 2 hours or less
     
    #59     Oct 10, 2023
    MarketMovers likes this.
  10. so we have 1 hr 30 minutes to close this trade
     
    #60     Oct 10, 2023