1.7 Pips Scalping EURUSD Forex LIVE! Day Trading How To Trade Scalp Euro €$ Price Action Setup Tren
Net 5.6 pips in 8 minutes scalping EUR/USD Euro € US$. Over 5 positions: 00:00 - 07:56: STO 1.09173 : 0.8 pips, 00:00 - 07:56: STO 1.09173 : 0.8 pips, 00:00 - 07:56: STO 1.09173 : 0.8 pips, 01:55 - 03:42: STO 1.09185 : 1.7 pips, (0.2 pips slippage in my favour!), 05:43 - 07:50: STO 1.09189 : 1.5 pips. 'Market order' placed at 1.09163 & 1.09170, and later 1.09189 to close the positions: So that the trade is executed the moment the price reaches that level. It's MUCH quicker than me trying to catch it with a mouse click, as often the liquidity disappears before I even get chance to click! ESPECIALLY true in volatile market conditions - which are prevalent post-announcement, or in fast markets, or if many other market participants are using the 'Order Book' too! As a Scalper: take the profit when it is offered..... Too many times before, I hesitate, and the price is GONE! It's always good to take risk off the table.... Mid afternoon London PM Session, Early morning, New York AM Session. Waiting to see a continuation of the downtrend. 'In' & 'out' reasonably quickly (2 - 8 minutes), which is not too bad for scalping / ideal for day trading. NOT exactly how to scalp EUR/USD Euro € US$. However, not too bad..... Lines on the charts are: Exponential Moving Average 20 (EMA20) Exponential Moving Average 50 (EMA50) Exponential Moving Average 100 (EMA100) Volume Weighted Average Price (VWAP) As Rockefeller said "The secret of success is doing ordinary things exceptionally well"! The more hours I spend in front of the screen trading (albeit at minimum size, until I stop making so many silly mistakes and break my bad habits), the more I think that Rockefeller's is bang on the money: "The secret of success is doing ordinary things exceptionally well"! It's as simple as that! You have to do your opening and closing exceptionally well. You have to manage your emotions exceptionally well. You have to manage your risks exceptionally well. I also have Mike Bellafiore of SMB Capital to thank for many of his great YouTube videos. His concept of 'One Good Trade' has helped clarify the market for me. Think of it like this: The past is in the past, so don't let if affect you. You are here and now, and what matters is making your next trade the best it can be! Get that right, one trade at a time, and everything else should start to fall into place, and take care of itself. I think it's very true. These days, I don't think about making money. I just concentrate on getting the next trade 'right', or as good as I can get it. Here is a link to a SMB Capital video about scalping: www.youtube.com/watch?v=YQ9RRItnI3Y It's FULL of pearls of wisdom! You will also find many other SMB Capital videos on YouTube, ALL of them full of wisdom and experience! Watch as many as you can! It's fabulous that they share so much valuable content with the world! Here is a link to 'B The Trader': https://www.youtube.com/@BTheStory It's an absolutely FABULOUS channel, FULL of interviews with top traders!!!! SO MUCH wisdom and experience in these traders, and it's all there for you for free to watch!!! Watch some of the videos, and subscribe to his channel, it's well worth it!!!! Here is a link to No Nonsense Forex: https://www.youtube.com/ @NoNonsenseForex This channel is also full of excellent content!!! Whilst not a scalper, the channel is still full of great knowledge! Watch the videos and subscribe, you are sure to learn. Here is a link to WillssFX: https://www.youtube.com/@WillAldridge This is another channel with fascinating content. There is always something to be learnt from another successful trader. Here is a link to Japanese Forex Trader Kei. He talks about his insights into 'BNF' (Takashi Kotegawa), one of Japan's very best traders. Especially: not letting emotions into trading! https://www.youtube.com/watch?v=AglvA1tduMA Here's another useful insight: https://www.reddit.com/r/Forex/comments/12h0voi/what_helped_me_become_profitable/ Price Action Trading Setups. Day-trading Forex. Trading Price Action Trend Following Forex Strategy. Day Trading & Scalping lessons for beginners. A good example of day trading & scalping (though there is still LOTS of room for improvement). Real trade(s), Real account, Real losses, Occasional profits! If you enjoyed the content, please 'like'. Please 'subscribe' to support the channel. Please 'comment'. Please click the 'bell' to be notified of new trades when posted. If there is anything that you would like to see in a future video, please let me know. Thank you for watching. This text and video are for entertainment purposes only. Scalping lessons for beginners. Day-trading lessons for beginners. Day Trading lessons / Day Trading For Beginners.
Net 5.6 pips in 8 minutes scalping EUR/USD Euro € US$. Over 5 positions: 00:00 - 07:56: STO 1.09173 : 0.8 pips, 00:00 - 07:56: STO 1.09173 : 0.8 pips, 00:00 - 07:56: STO 1.09173 : 0.8 pips, 01:55 - 03:42: STO 1.09185 : 1.7 pips, (0.2 pips slippage in my favour!), 05:43 - 07:50: STO 1.09189 : 1.5 pips. 'Market order' placed at 1.09163 & 1.09170, and later 1.09189 to close the positions: So that the trade is executed the moment the price reaches that level. It's MUCH quicker than me trying to catch it with a mouse click, as often the liquidity disappears before I even get chance to click! ESPECIALLY true in volatile market conditions - which are prevalent post-announcement, or in fast markets, or if many other market participants are using the 'Order Book' too! As a Scalper: take the profit when it is offered..... Too many times before, I hesitate, and the price is GONE! It's always good to take risk off the table.... Mid afternoon London PM Session, Early morning, New York AM Session. Waiting to see a continuation of the downtrend. 'In' & 'out' reasonably quickly (2 - 8 minutes), which is not too bad for scalping / ideal for day trading. NOT exactly how to scalp EUR/USD Euro € US$. However, not too bad..... Lines on the charts are: Exponential Moving Average 20 (EMA20) Exponential Moving Average 50 (EMA50) Exponential Moving Average 100 (EMA100) Volume Weighted Average Price (VWAP) As Rockefeller said "The secret of success is doing ordinary things exceptionally well"! The more hours I spend in front of the screen trading (albeit at minimum size, until I stop making so many silly mistakes and break my bad habits), the more I think that Rockefeller's is bang on the money: "The secret of success is doing ordinary things exceptionally well"! It's as simple as that! You have to do your opening and closing exceptionally well. You have to manage your emotions exceptionally well. You have to manage your risks exceptionally well. I also have Mike Bellafiore of SMB Capital to thank for many of his great YouTube videos. His concept of 'One Good Trade' has helped clarify the market for me. Think of it like this: The past is in the past, so don't let if affect you. You are here and now, and what matters is making your next trade the best it can be! Get that right, one trade at a time, and everything else should start to fall into place, and take care of itself. I think it's very true. These days, I don't think about making money. I just concentrate on getting the next trade 'right', or as good as I can get it. Here is a link to a SMB Capital video about scalping: www.youtube.com/watch?v=YQ9RRItnI3Y It's FULL of pearls of wisdom! You will also find many other SMB Capital videos on YouTube, ALL of them full of wisdom and experience! Watch as many as you can! It's fabulous that they share so much valuable content with the world! Here is a link to 'B The Trader': https://www.youtube.com/@BTheStory It's an absolutely FABULOUS channel, FULL of interviews with top traders!!!! SO MUCH wisdom and experience in these traders, and it's all there for you for free to watch!!! Watch some of the videos, and subscribe to his channel, it's well worth it!!!! Here is a link to No Nonsense Forex: https://www.youtube.com/ @NoNonsenseForex This channel is also full of excellent content!!! Whilst not a scalper, the channel is still full of great knowledge! Watch the videos and subscribe, you are sure to learn. Here is a link to WillssFX: https://www.youtube.com/@WillAldridge This is another channel with fascinating content. There is always something to be learnt from another successful trader. Here is a link to Japanese Forex Trader Kei. He talks about his insights into 'BNF' (Takashi Kotegawa), one of Japan's very best traders. Especially: not letting emotions into trading! https://www.youtube.com/watch?v=AglvA1tduMA Here's another useful insight: https://www.reddit.com/r/Forex/comments/12h0voi/what_helped_me_become_profitable/ Price Action Trading Setups. Day-trading Forex. Trading Price Action Trend Following Forex Strategy. Day Trading & Scalping lessons for beginners. A good example of day trading & scalping (though there is still LOTS of room for improvement). Real trade(s), Real account, Real losses, Occasional profits! If you enjoyed the content, please 'like'. Please 'subscribe' to support the channel. Please 'comment'. Please click the 'bell' to be notified of new trades when posted. If there is anything that you would like to see in a future video, please let me know. Thank you for watching. This text and video are for entertainment purposes only. Scalping lessons for beginners. Day-trading lessons for beginners. Day Trading lessons / Day Trading For Beginners.