Market Overview

Now, let me introduce you to another trading technique of making it big in the Forex market and walk away with mega profits within the shortest trading time.

What is Scalping? Pick your calculator now and calculate 5pips on a 2.00 standard lots of 5 trades per day for 20 trading days (5pips x 5 trades x 20 dollars x 20 trading days = $10,000 monthly) If all the scalping techniques are adhered to. Don’t trade without setting your stop loss when scalping. Trading without stop loss could wipe off your account with this strategy.

Scalpers often engage in multiple trades per day. Some traders execute several trades and make profits with ease. Scalps are executed in the direction of the current trend of the Forex market. Scalping is best used in conjunction with or as a supplement to other trading techniques – so keep trading your normal strategy that you are used to and add scalping to your trading toolbox.

Secondly, trading to capitalize on the regular market turnaround time of the New York opening session. Then if the news is worth trading, trade and make more profits. Countertrend trades: Scalping when the market is silent or consolidating during the trading day. Trend continuation trades: These methods focus on entering the market in the direction of a trend AFTER the trend has gone underway. They are also classified as retracement trades.

The scalping trading strategy that I will be sharing involves simple indicators; MACD and MOVING AVARAGE(s).

The signal line is the 9 day EMA of the MACD. The MACD line. The MACD histogram is simply a bar chart located at the bottom/top of the chart, where the MACD and signal lines are plotted.

A Trade Signal is received when the MACD crosses the signal line. Traders can enter positions following the direction of the MACD Overbought/Oversold. Moreover, MACD proves most effective in wide-swinging trading markets and there are three popular ways to use the MACD: Crossovers, Overbought/Oversold Conditions, and Divergences.

CROSSOVERS: The basic MACD trading rule is to sell when the MACD falls below its signal line. While a buy signal occurs when the MACD rises above its signal line. MACD overbought and oversold conditions exist vary from security to security.

Now, for the Scalping Trading Strategy, you will modify the MACD default by 2 deviations. And you must follow the trading rule strictly, work on your trading plan and target per trade. Preferably, 5 to 10pips is attainable with this system but once you make your target, PLEASE close your trading platform to avoid over trading, agreed and losses.

Add EMA 4 (yellow), LMA 10 (DarkTurquoise), LMA 120 (white), LMA 40 – 90 (red) to your trading chart.

I believe you know that there are three types of market trend; and you should not trade against the trend because the probability of trading along the trend is more than trading against it.

Also confirm you signal when the MACD histogram is above the 0 line; signaling upward momentum.

Sell Signal

The EMA 4 crossed LMA 10 down. Set your Stop Loss 10pips above the LMA 120.

TRADING PERIOD FOR THIS STRATEGY: Always watch out for good trading opportunity between 7:45 am NG time to 11:45 am for morning trading session, while 1.00 pm NG time to 3.45 pm is advisable for afternoon session.

TARGET: The purpose of scalping is making small profits while exposing a trading account to a very limited risk, which is due to a quick open/close trading method. Then 15 minutes after the (FA) news, you could trade.

Scalping The Forex Market For Mega Profits

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