Forex profesional scalping
I also lay out a few of those reasons in a more light-hearted tone in my Scalp vs Swing Article which has gotten a lot of attention. I have had many traders say something like this to me: I am now using a long term strategy, trading the hourly charts.
See, I think the above statement is one of the issues with Forex Traders today and why so many have a lot of trouble being profitable. In the above chart, you see that there is a lot of bullish momentum moving toward higher highs. If we move a little bit ahead in time, you can see a bearish bounce off the resistance level. To the forex profesional scalping viewing only the 4HR chart, this may look like a great time to buy again in anticipation of Bullish trend continuation….
What the 4HR trader may not realize is that this is not a pullback of the 4HR trend, but rather a continuation of the Weekly trend. So to the 4HR trader, this looks like an unexpected major reversal in the market, but to a long term trader, it is an obvious and expected continuation of market flow, looking like this on the Weekly view:. Again, so many people looking at 4HR charts think they are long term traders, but they are ignoring the real long term time frames—and that can get you into big trouble just like forex profesional scalping this real life example… Those two forex profesional scalping weekly bars you see would crush someone trying to take long positions on the 4 Hour chart, yet they are just part of the flow on the Weekly view.
Now, I am not saying that you cannot trade forex profesional scalping on the 4HR charts; I am saying that it is very difficult to make consistently profitable trades when you do not have a good perspective of the markets longer term movement—especially when trying to trade an intermediate time frame like the 1 or 4 hour time frames.
One major note about this strategy is that you must be disciplined if forex profesional scalping want to succeed. One of forex profesional scalping biggest mistakes that unprofitable traders make is over-trading forex profesional scalping over-managing their trades. As human beings, we have the desire for action and involvement which tends to cause us to always want to have a trade open or always want to manipulate the trades we forex profesional scalping have open, and I can promise you that this will forex profesional scalping lead to less and less profitability.
Looks for trends on these longer term charts that have good momentum in the respected direction. Identify the direction of the trend bear or bull and make a note to only look for entries in the direction of that trend for instance, if it is a bullish trend, look for buys.
In other words, the criteria has lined up forex profesional scalping you to make a trade, now all you need is the signal to confirm your forecast. For this strategy, the signal is a momentum forex profesional scalping bar in the direction of our long term trend.
An ideal daily signal candle will have a tail that has tested pierced through the Fib level, but then reversed back into the direction of the trend:. Place your stop and target. Trading is all about Math—a good strategy has winners and losers, but at the end of the year, the winners out-weigh the loser. They will in the strategy if you follow it with discipline! Hope you guys enjoyed learning one of my favorite long term strategies.
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Today, I want to talk about one of the biggest topics among traders: In case you are unfamiliar with these two terms, let me give you a very generic definition of each:. Trading that tends to target small moves in the market using short time-frame analysis such as 1, 5 and 15 minute time frames. Scalping puts an emphasis forex profesional scalping being in the trade a forex profesional scalping amount of time and winning a high percentage of the trades taken. Scalping, in most circumstances, requires a trader to allow his position to move forex profesional scalping a farther negative position than what he is targeting on the positive side.
Trading that attempts to capture large market moves. This trading is most often in the direction of large trends in the market.
This type of trading usually requires traders to hold their positions for long amounts of time. Using the trend, most swing traders are attempting to risk far less than the total movement they are targeting.
In this article, I just want to show you a short video I made to explain how I feel about it assessing it mathematically, of course and hopefully get a lot of feedback so that I can follow up with another article soon based on what you all have said. Just a quick note to understand before you watch this forex trading video: I do fully understand that traders can forex profesional scalping very successful using many different methods of trading and I know many that are using both swing trading and scalping.
I also believe that traders can use both of these methods to attain success in Forex trading and any other marketbut I wanted to make a video that would point out which one I believe is a technically more sound way to approach the markets, especially for people who are newer to trading. With that said, please enjoy the video, and make sure you leave a comment with your thoughts!
Feel free to disagree! Hope you enjoyed this little video. Make sure you leave a comment with your thoughts and opinion. Thanks again for reading and watching, and make sure you are following me on twitter for my forex profesional scalping thoughts. Nathan Tucci is a young trader. His trading techniques are based on Mathematics above all else.
Though forex profesional scalping understands technical analysis and fundamentals; his personal belief is that all trading success comes down to the Mathematical principles integrated into all trading. He loves to develop and improve strategies and is constantly looking for ways to take advantage of the Forex Markets. Nathan loves to share his latest ideas, successes, failures, and thoughts so that other people can benefit from his forex profesional scalping approach to the market.
Follow his latest thoughts on Twitter. In case you are unfamiliar with these two terms, let me give you a very generic definition of each: Scalping Trading that tends to target small moves in the market using forex profesional scalping time-frame analysis such as 1, 5 and 15 minute time frames.
Swing Trading Trading that attempts to capture large market moves. Hopefully, that gives you a bit of an idea of what I mean when I say scalping and Swing Trading. Nathan Nathan Tucci is a young trader. The following two tabs change content below.
Winners Edge Trading was founded forex profesional scalping and is working to create the most current forex profesional scalping useful Forex information and training available on the internet. Latest posts by admin see all. Now Take your trading to the next level by taking our trading quiz to pinpoint your strengths and weaknesses.