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Scalping is forex trading strategy which is generally used on short time frames like one minute or 5 minute time frames to take small profits. The following is one of the scalping strategies. Use this strategy in London and US market timings as this is when the market movies in a trend most of the times. You can use this strategy from one or two hours before the London market as the market sometimes starts moving in a trend before one or two hours of the London market begins.
Time Frame: 1 Minute
Indicators:
- 25 period exponential moving average
- 50 period exponential moving average
- 100 period exponential moving average
Currency Pairs: Since scalping involves small profits in a smaller times like few minutes to an hour this technique is better for currency pairs that have small spread like EURUSD, GBPUSD etc.
Buy Entry: Enter long trade when the price crosses above the all the moving averages. When you get a 5 to 10 pip profit exit the trade. You can use the stop loss below the last low of the price. The following is an example of buy entry.
scalping stratey buy entry
Sell Entry: Enter sell trade when the price crosses below all the moving averages. When you get a 5 to 10 pip profit exit the trade. You can use the stop loss above the last peak of the price. The following is an example of a sell entry.
scalping stratey sell entry
this one minute forex strategy looks simple and effective, i tried it once and it profits me 30 pips, but the next day i use the same strategy i lost it all back, can you show me more example on gbpusd and eurusd with this strategy and exactly how to enter the market with stoploss,sometimes it it already way pass all the moving average and it turns around, and i will lose money on that. also i only trade from 10 pm-2am and 5am-7am los angeles time, please help me;also when you say 5-10 pips and i have to exit the trade,please don’t tell me every time i use this strategy just once for 5-10 pips and this is scalping??? please help me.
Hello Mike,
Sorry to say this but this is a scalping technique only and normally all scalping techniques involve 5 to 10 pips profit only.
hi – re: strategy looks interesting. experienced any sort of success with it?
Seems like Raj doesn’t read. It clearly states above that this is a scalping system. I have been playing with it for a few minutes now and it seems to work well. Patients is needed as you need to wait for the cross of the indicators before you get into the trade. Looks good to me
Hi, New to this so forgive the thinking out loud. Would you not sell and the price passes below the 1st moving average?
disregard my previous post i thought the sell was to exit the buy trade….newbie stay quiet
This symple system is powerfull if know how use it. its can profits until 2++ pips maximum. just make an entry if 50 and 25 above or below ema 100 . before make any order ,make sure there is not over buy or sell . make entry at the earlier point of breakout on ema 50 . if u just simply want a small pips, u can add ema 10 and 5 for exit .
if u expert and already knw hw the market act, u can c the false breakout and can detect ranging market between ema 100 and 50 . if want to knw more . just send an email to my richard_abas@ymail.com
I combine this method with support and resistance lines from 15 minute cahert brought over to the one minute cahart. I keep both charts open. On the 15 minute cahrt I have 12 SMA and 85 SMA lines only.
When the one minute gives a buy signel and the 12w SMA crosses the 85 SMA at nearly the same time, then their is enormoys profit available, I let it run with a stop loss. Usually such point is also very close to a support or resitance line. Can someone more clever then me check it out.
hi everyone is anyone can advice me 6 pairs to trade same time which are very good plz,
Hello,
I ask you do you calculate MA on Close, High, Low or else?
Thank you!
Best regards
I use the 1 minute chart to look at patterns while i use the 1 hour chart to look at trends and candlestick patterns. The 1 minute i would use patterns to identify possible direction. I normally go in and exit with about 10 pips. My aim is to target 10 pips but higher is better when it runs fast. Once i get 10 pips then i am out for the day. I would target to increase my pip value rather than holding on to position to gain more pips. Just my experience
I don’t use any indicators other than support and resistance, patterns, candlestick patterns and volume. I would able to trade between 10-20 times in a day but i look for the best and reliable pattern to ent my trade and i will try to enter my trade once the pattern is formed. I normally try to sell at resistance level and buy at support level provided the pattern is form for picture clarity