How I do scalping as a day trading and short-term investing strategy

[Forexer Guru]

@trend2009 i trade when the market is least volatile that means avoiding high impact news

 

[Forexer Guru]

@trend2009 i also pay attention to interest rates, i look for strong support and weak resistance

 

[Forexer Guru]

@cvds16 maybe Real Money is in long term trading strategies. but could real money also be in short term strategies in case you do not find it in the long term trading strategies?

 

[Forexer Guru]

I tried long trading for so long but no growth, see below

I dont regret it though,

I learned to keep my dd very low in addition to learning how to scalp

 

[maxinger]

Hey @maxinger
I dont know you personally but I remember that name. Long time.
I tried long trading for so long but no growth, see below.

View attachment 305265

Luckily I discovered a scalping strategy. I want to see how it goes. I was scalping GBPUSD despite the high impact news....


View attachment 305267

Below is the trade,




View attachment 305263


see the current price

View attachment 305269

I tried investing, position trading, swing trading. It didn't work for me. I am a full time day trader.

I have some day trading info in this ET journal.

You have to try various things and see which best suits you.

 

[Forexer Guru]

You have to try various things and see which best suits you.

that is the spirit

 

[Tradess0610]

@cvds16 maybe Real Money is in long term trading strategies. but could real money also be in short term strategies in case you do not find it in the long term trading strategies?

I think real money is everywhere - you just need to find a strategy that suits you. Practice practice practice.

And risk management of course.

 

[Forexer Guru]

Practice practice practice.

@Tradess0610 that is the deal, practice and risk management

 

[easymon1]

Hey @maxinger
I dont know you personally but I remember that name. Long time.
I tried long trading for so long but no growth, see below.

View attachment 305265

Luckily I discovered a scalping strategy. I want to see how it goes. I was scalping GBPUSD despite the high impact news....


View attachment 305267

Below is the trade,




View attachment 305263


see the current price

View attachment 305269

Double Bottom and Tops paired with measured moves,
_Have Very Specific Rules
_Have Very Simple Rules
_Allow Quick Stats Generation
Double Top and Bottom
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309

 

[Forexer Guru]

@easymon1 you cracked it, you will always see double bottoms in all my trades,