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Scalping Techniques That Work

  • #41
  • Sep 1, 2021 6:43am Sep 1, 2021 6:43am
Quoting de5151
There are many good scalpers here and many that would like to become good scalpers. I do quite a bit of successful scalping and I like to scalp Gold mostly. I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair. This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems! Without really commenting on this, I like to keep an eye on support and resistance zones and...
Thanks for the thread, de5151. Any chance you have a .mq4 file for "Symbol changer profit display.v5" you could post? I am using an older version that I modified to read the pairs from a file in the common/files directory. Like your v5 better, but need to mod it to read the pairs symbols from a file. Thanks.
  • #42
  • Sep 1, 2021 7:09am Sep 1, 2021 7:09am
Quoting Ryder
{quote} Thanks for the thread, de5151. Any chance you have a .mq4 file for "Symbol changer profit display.v5" you could post? I am using an older version that I modified to read the pairs from a file in the common/files directory. Like your v5 better, but need to mod it to read the pairs symbols from a file. Thanks.
Also, VWAP gets a divide by zero error in the log file. Here is the error message from the log file: "VWAP XAUUSDi,M15: zero divide in 'VWAP.mq4' (61,30)". Post a .mq4 file for VWAP and I will fix this for you.
  • #43
  • Sep 1, 2021 8:02am Sep 1, 2021 8:02am
Quoting scsstnt
USDCAD H1 structure - News Soon GDP Q2 {image}
Hi mate,

I have a question. You said you mark you zones based on H1 engulfings. Can you be a bit more specific on how you mark them? Really appreciated. Want to follow your approach.
  • #44
  • Sep 1, 2021 10:20am Sep 1, 2021 10:20am
Quoting Sepp1985
{quote} Hi mate, I have a question. You said you mark you zones based on H1 engulfings. Can you be a bit more specific on how you mark them? Really appreciated. Want to follow your approach.
Hey, ok sure......on a bearish engulfing pattern you got 2 candles call it C1 & C2,draw a horizontal line at C1 open and C2 enguls C1 and wait on a retest of the OPEN/LOW price,drop to LTF and you always have some pips there.The setup becomes invalid if price CLOSE above the highs of C1/C2.You might observe price spikes above to remove you from any active positions,they love doing that all the time... but eventually it closes below the highs.Opposite for bullish engulfing pattern.

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  • #45
  • Sep 1, 2021 11:04am Sep 1, 2021 11:04am
Quoting scsstnt
{quote} Hey, ok sure......on a bearish engulfing pattern you got 2 candles call it C1 & C2,draw a horizontal line at C1 open and C2 enguls C1 and wait on a retest of the OPEN/LOW price,drop to LTF and you always have some pips there.The setup becomes invalid if price CLOSE above the highs of C1/C2.You might observe price spikes above to remove you from any active positions,they love doing that all the time... but eventually it closes below the highs.Opposite for bullish engulfing pattern. {image}
Wow! Thanks a lot for your detailed answer. Will take a look at it.
  • #46
  • Sep 1, 2021 11:17am Sep 1, 2021 11:17am
Quoting Sepp1985
{quote} Wow! Thanks a lot for your detailed answer. Will take a look at it.
You're welcome my friend
  • #47
  • Sep 1, 2021 12:06pm Sep 1, 2021 12:06pm
Hi,

Have anyone try scalping using ichimoku indicator? is it mostly works on m15 and below?

Appreciate on the sharing.
  • #48
  • Sep 9, 2021 9:31am Sep 9, 2021 9:31am
if one can get the volume figures in real time than he can take his trade without any indicators. I mean if I know bears volume is higher than the bulls so that does mean market to go further downside. is there any tools available that can guide about the volume ?
  • #49
  • Sep 20, 2021 4:20pm Sep 20, 2021 4:20pm
Quoting de5151
The indicators. {file} {file} {file} {file} {file} {file} {file}
does all the attached files work for mt5 or only for mt4?
  • #50
  • Sep 20, 2021 9:36pm Sep 20, 2021 9:36pm
Quoting Jazba2
if one can get the volume figures in real time than he can take his trade without any indicators. I mean if I know bears volume is higher than the bulls so that does mean market to go further downside. is there any tools available that can guide about the volume ?
Hi Jazba

It doesn’t work that way, volume can be bearish but if the limit orders are stacked bullish, up it goes.
Buyers and sellers don’t decide on direction, it’s all about current liquidity density.
Cumulative delta can help a bit, but you need data from the futures market.
Trading thin liquidity at the boundary of the charts
  • #51
  • Sep 22, 2021 10:13am Sep 22, 2021 10:13am
thats make sense
  • #52
  • Oct 6, 2021 10:11am Oct 6, 2021 10:11am
I have a question on Pivot points vs Fibs are they usually used in scalping if so which is preferred ?
  • #53
  • Oct 7, 2021 9:32am Oct 7, 2021 9:32am
Quoting aaronbronte
I have a question on Pivot points vs Fibs are they usually used in scalping if so which is preferred ?
I would say neither, both work for swing trading.
More to the point, I would decide on your preferred time frame you will be trading before you look at indicators. Then the choice comes between being a trend / breakout trader or a Exhaustion reversal trader.

What tickles your fancy?.
Trading thin liquidity at the boundary of the charts
  • #54
  • Oct 11, 2021 3:11pm Oct 11, 2021 3:11pm
Quoting de5151
There are many good scalpers here and many that would like to become good scalpers. I do quite a bit of successful scalping and I like to scalp Gold mostly. I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair. This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems! Without really commenting on this, I like to keep an eye on support and resistance zones and...
I suggest you to check Big E strategy it similar to yours but with years of effectiveness
Wealthy
  • #55
  • Oct 13, 2021 4:53pm Oct 13, 2021 4:53pm
Quoting de5151
There are many good scalpers here and many that would like to become good scalpers. I do quite a bit of successful scalping and I like to scalp Gold mostly. I will share one of my main scalping techniques that I use on Gold, along with the indicators and template for any who would like to try. This technique will work on most any pair. This thread is for other scalpers to share a technique they like to use that is successful -- there are so many it seems! Without really commenting on this, I like to keep an eye on support and resistance zones and...
Thanks a lot for sharing!
  • #56
  • Oct 19, 2021 11:53pm Oct 19, 2021 11:53pm
@aaronbronte Pivot points can be used but they work best when combined with other kinds of technical analysis which is not really feasible in scalping. You have to make quick decisions and just can’t spend your time applying different technical analysis tools. Also Pivot points are based on simple calculation which doesn’t ensure precise prediction. Pivot points are good for slightly long term trades when you have the time to take help of other tools. Although it’s a great way to identify the areas of support and resistance.
  • #57
  • Dec 2, 2021 11:20pm Dec 2, 2021 11:20pm
Quoting RickM
{quote} I would say neither, both work for swing trading. More to the point, I would decide on your preferred time frame you will be trading before you look at indicators. Then the choice comes between being a trend / breakout trader or a Exhaustion reversal trader. What tickles your fancy?.
Hi RickM,
For crypto trade, we can get quote level 2 from biggest exchange like Binance.
Could you give us the way to trade with DOM or suggest the source we could learn to trade with DOM?
Thank you.
  • #58
  • Dec 3, 2021 12:24am Dec 3, 2021 12:24am
Quoting livetolove03
{quote} Hi RickM, For crypto trade, we can get quote level 2 from biggest exchange like Binance. Could you give us the way to trade with DOM or suggest the source we could learn to trade with DOM? Thank you.
Hi livetolove

The issue with crypto is many traders stack their liquidity at the first available position to avoid market trades which cost more to execute - about 1% for many exchanges.
Therefore the DOM on crypto seems to be mainly cheap arse traders trying to save a penny.
This warps the order flow of crypto in my opinion - making it harder to establish current liquidity levels down the order book.

If I was you, I would focus only on recently executed market orders looking for exhaustion instead.

But hang around as I also have a Binance account and currently running some tests on this exact issue.

Cheers
Trading thin liquidity at the boundary of the charts
  • #59
  • Dec 3, 2021 2:08am Dec 3, 2021 2:08am
I tested delta based trading.m1-h1.
my experience is that there are very good times when you can make a profit .but if there is a lot of volatility, you can easily at aloss out and lose the profit you have made so fa.
if the volatility is higher then the delta approach is unreliable.
  • #60
  • Edited 6:32am Dec 3, 2021 5:35am | Edited 6:32am
Quoting tiborf71
I tested delta based trading.m1-h1. my experience is that there are very good times when you can make a profit .but if there is a lot of volatility, you can easily at aloss out and lose the profit you have made so fa. if the volatility is higher then the delta approach is unreliable.
Hi tiborf71

Forget the Delta for one moment, you need to establish what the baseline volume output is first, before understanding how to trade with Delta.

Delta is the eforts of smaller traders to seek their own market direction in direct compertetion against bigger players.
Sounds like a losing battle doesn't it, WILL ITS NOT.

You mentioned higher Volatility being bad for Delta, you have myself and ryuryu scatching our heads and thinking "what's the man talking about, here's an unloseable trade right here in front of your eyes".

Without volatility, trading with delta is an extremely difficuit game with only a small trading edge. Volatility is caused by a massive increase in volume thats way above baseline volume theshold and it takes the game away from bigger players and hands the baton over to the masses. Strong Delta becomes the sole factor now in deciding market direction but whats essential - high values of aggressive market orders


Better still - can you see the Delta controlling the market in this trade?
Both ryuryu and myself took this trade for a great result.

I took a trade at the "white 11" at the flipping of delta, the result was a single big trade provided my daily imcome.
And the trade lasted two minutes. GBPUSD London Session

Not even time to drink my coffee


Cheers
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Trading thin liquidity at the boundary of the charts
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