Thanks for stopping in! We have had many requests for the best scalping system for quite a while now. So we decided to get on board and give you easy scalping technique that we think is one of the best scalping strategies you can find. This particular strategy is included in our best trading strategy series we created to help traders learn to trade successfully. You can try this with a 1-minute scalping strategy as well but we will focus on M5 and M15 charts.
The simple scalping strategy uses the volume indicator coupled with price action analysis. So the more people are getting in at the time, the longer the volume line will become becuase there will be more movement in price action with all of those entry orders flying in. So it makes sense that the volume indicator is, first of all, very accurate, and second has no real lag to it. Because of that, I would not use this strategy 30 minutes before and after a major news announcement.
To find out if there will be a news announcement just check below for the latest important news:. Any trading platform is okay because the Volume Indicator comes standard on all trading platforms. What you want to look for first is if the volume indicator is showing you any trend, reversal, or just stagnant price action. The way it works is that if the volume indicator increase, so will the price action because there is a plethora of interest in that current pair.
The strategy we want to focus on mainly is trend trading. The volume indicator should tell you an enormous amount of information. If you see the volume indicator do this:.
Dying and heading for a reversal. In this case, it took a break. There were fewer buyers and sellers at the time traders making trading decisions before it then picked up and continued to the upside. Our strategy takes advantage of this pullback before the price action continues upward in this example. This part is all up to you. Using our example, the Volume indicator shot up drastically meaning that traders are getting in on the action and thus driving the price upwards!
Once you see this Big Spike or See that the Volume indicator is showing that there is some action heading your way you want to get ready to enter this BUY trade because all things are pointing upwards. Your exit strategy is simple. You go for pips. Also, You Place a pip stop loss. You do not want to get out too early.
Simple Scalping Strategy could be a powerful 1-minute scalping system as well and if you try in on the time frame let us know your results! We could use the best scalping strategy indicator volume and have a whole basket of strategies to use with it. Grab the Free PDF Strategy Report that includes other helpful information like more details, more chart images, and many other examples this simple Scalping Strategy in action!
What do you think of this Scalping Strategy? Do you trade on lower time frames with great results? Please share, we would love to hear. Thanks for sharing this strategy. My two trades all winners! I have a screenshoot. Will test it more. Looks like you followed the strategy perfectly. Thanks for sharing your results and keep up the good work.
Where do you get your major announcements from. Also does this work in the asia session. What is the Volume indicator for Forex? How does it Work? To start, here is what it looks like: So let us get to it! To find out if there will be a news announcement just check below for the latest important news:More...