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

[SimpleMeLike]

I have tried several long-term trading strategies for several years but failed. I think scalping is much better

Good Morning Forexer Guru,

Correct, scalping provide me more control.

There is 23 hours to trade, why waste your precious time trying to swing trade. Take a scalp and be done for the day and go enjoy life.

 

[AlexFas]

For those who trade in the US market and use technical analysis, I recommend additionally using gamma and open interest levels in options. They are very helpful for day trading and other trading styles. This is the real force that influences the movement of the market. It's fuel from market makers who hedge their positions. I recommend checking the levels on the openinterest . tech

 

[Forexer Guru]

Hi @SimpleMeLike

Good Morning Forexer Guru,

 

[Forexer Guru]

For those who trade in the US market and use technical analysis, I recommend additionally using gamma and open interest levels in options. They are very helpful for day trading and other trading styles. This is the real force that influences the movement of the market. It's fuel from market makers who hedge their positions. I recommend checking the levels on the openinterest . tech

It looks as if it is a helpful resource, but I am totally blank. I don't know how to interpret those charts/data

 

[Forexer Guru]

attempting to scalp cadjpy, not the best pattern but my risk is minimal

 

[Forexer Guru]

 

[Forexer Guru]

@easymon1 this pattern was not the best, but you can see double bottom almost forming,

 

[Forexer Guru]

time not on my side because I am at work, just spotted the opportunity while skimming through the charts

 

[Forexer Guru]

i gotter close it before hitting take profit but we will revist

 

[Forexer Guru]

t but we will revist

after 3 hours