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Today I want to introduce you to my new scalping strategy using my Ultimate Trend Trading System. With this strategy you will be using a 1M chart and you can completely ignore the histogram at the bottom. As a matter of fact, I turn it off to avoid any confusion.
With this strategy, all you have to do is trade from arrow to arrow while following the corresponding Heiken Ashi candle. So, for example, if you have a green arrow, wait until you have two blue candles form before you place a trade.
Once you place a trade then all you have to do is wait until you get the opposite color arrow and close the trade. I would NOT use a stop loss or take profit using this strategy because many brokers like to hunt your TP & SL.
You will need to have time set aside that you can be at your computer and do this. If you are on the go and are not able to use your home computer, then you can use your mobile device but you will need to use a remote desktop app to connect to your home computer and trade in that manner.
One thing I would like to note is that I like to set a stopwatch for 5 minutes and come back to my charts and look at it every 5 minutes to see what is going on with my trade. This is pretty fast paced so you need to pay attention and watch these trades. Don’t place a trade and the go about your day and forget this. Make sure you have time set aside to manage this!
I hope this works for you and please let me know if you have any questions or comments by sending me a private message on Facebook. You can also leave a comment in my Facebook group and myself or another trader can assist you as well.
Thank you and have a wonderful day!
Scalping Trading System, Ultimate Trend Trading System – New Scalping Strategy.
Is forex a scheme?
Foreign exchange trading is not a Ponzi plan or a fraud. It is a function of the manner in which the market works and also how those who run the marketplace supply liquidity to ensure that little independent traders can participate with the Huge Young boys.
Just How Foreign Exchange Scalping Works.
Forex Scalping is not unlike day trading in which an investor will open up a position and then close it once again during the existing trading session, never carrying a position into an additional trading duration or holding a placement over night. Nonetheless, while a day trader might seek to take a setting once or twice, or even a few times a day, scalping is a lot more unbalanced as well as will certainly trade numerous times during a session.
Whereas a day investor might compromise 5- and also 30-minute graphes, scalpers typically compromise of tick graphes as well as one-minute charts. Particularly, some scalpers like to attempt to catch the high-velocity moves that take place around the time of the release of financial data and also information. Such news consists of the news of the employment statistics or GDP numbers whatever is high on the investor’s financial agenda.
Scalpers like to try and scalp in between 5 and also 10 pips from each profession they make and to repeat this process over and over throughout the day. Pip is short for “percentage in factor” and also is the tiniest exchange rate activity a money set can take. Utilizing high take advantage of and also making trades with just a few pips profit at a time can build up. Scalpers obtain the best outcomes if their professions are profitable and can be duplicated often times throughout the day.
Remember, with one basic great deal, the ordinary value of a pip is about $10. So, for every single 5 pips of profit made, the trader can make $50 each time. 10 times a day, this would certainly equate to $500.
Exchange rates constantly put on the price of one money about another. The order in which the pair are listed (USD/CAD versus CAD/USD) issues. Bear in mind the initial money is always equal to one system as well as the second currency is how much of that second money it takes to buy one system of the very first currency. From there you can compute your conversion demands. Banks will markup the cost of currencies to compensate themselves for the service. Shopping around might conserve you some money as some firms will have a smaller sized markup, relative to the market exchange rate, than others.
Ultimate Trend Trading System – New Scalping Strategy, Get trending information and posts top searched Scalping Trading System and financial alerts, analysis, trading signals or Foreign exchange financial expert comparisions.
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