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Topic: how do you catch your deals as a scalper? (Read 285 times)

hero member
Activity: 2786
Merit: 646
June 19, 2021, 04:42:15 AM
#29
When you are a scalper then it doesn't really matter on what trend you've been playing with the price movement and heck this is I truly believe the most hardest part
of trading since you would really be need to be active as much as possible and don't miss out the right timing on pulling off profits.

Indicators I mostly used.
1.Support and Resistance
2.Moving Average
3.RSI
4.MACD
5.Waiting for Bias on other timeframes

You should really be attentive most of the times if you don't want to miss out chances.
hero member
Activity: 1610
Merit: 507
I'm not a big fan of scalping but I do it when I know something is bound to happen. Like right now, Bitcoin is going to get rejected at the 41000$ price or 42000$ price. So when it happens it'll be dumped back to below 40k$ price. If it crosses strongly then it'll go towards 45k$.
But the price will not move so fast unless good news happens and makes the price up after traders read the news.

It is not easy to use scalping as we need to check how far the price will moves, which is difficult to know. Maybe we can trade with fast following the price movements, but you do not need to follow the price if you think that the price already moves faster than before.

I prefer daily trading or check for the price move before trading so we know that it is good to trade or wait for more.

If you think your strategy is good and you can profit from that, you can continue doing scalping trading. However, if you learn the other method of scalping trading, you need to know that maybe you need to modify the strategy to work for you.
legendary
Activity: 1890
Merit: 1018
I'm not a big fan of scalping but I do it when I know something is bound to happen. Like right now, Bitcoin is going to get rejected at the 41000$ price or 42000$ price. So when it happens it'll be dumped back to below 40k$ price. If it crosses strongly then it'll go towards 45k$.

Seemed obvious to you too ? I was hearing many traders waiting 49k or higher.

For me, it was more based on a general negative sentiment on the market, that we did not suffer enough and that there was a lack of new cash coming to buy.
hero member
Activity: 1078
Merit: 504
I'm not a big fan of scalping but I do it when I know something is bound to happen. Like right now, Bitcoin is going to get rejected at the 41000$ price or 42000$ price. So when it happens it'll be dumped back to below 40k$ price. If it crosses strongly then it'll go towards 45k$.
sr. member
Activity: 1988
Merit: 283
When it comes scalping there are some tools actually that become useful since candles in the chart were to difficult to read and etc.. And this is what i used for it.

Williams alligator
Bollinger
RSI
SAR
Stochastic
Supertrend
Macd

For me so far it's still good but sometimes i used to combine those indicators wherein to get the specific information when it comes to trade even the chart of coin were unpredictable..
full member
Activity: 616
Merit: 100
https://exip.live/
I think scalping on spot market is very hard to do because we only possible to gain profit from the increasing price. I see many trader doing scalping on leverage and futures trading, that allow to make profit from uptrend and downtrend. To make profit consistently from scalping is very hard, and less probability to success from it. Only trader with good psicology and good risk management can make it. Use of stop loss is should be in scalping to minimize loss.
legendary
Activity: 1890
Merit: 1018
Have a sentiment on the market then :

-Go with the trend for a short profit
or
-Bet that it will go down to wash the x100 degen before it moves up or down
or
-Bet on a reversal for a bigger profit, the trade will likely start in the red
hero member
Activity: 1386
Merit: 655
Bitcoin is achievement
Scalping is one of the quick ways of making fast money in the trading world. Scalpers take trades in minutes and make profits or loses in a minimized way, except when big lot sizes are used. A scalping strategy is determined by the kind of asset one is trading be it currency, Bond, commodity, Crypto etc.

There is no 100% trading strategy which is the reason why what works for one may not work for another. Sometimes one may not be patient enough to acquire or learn all the necessary things that is necessary for one to trade a particular market. This have really affected a lot of traders searching for the holy grail strategy that has no lapses.
copper member
Activity: 2702
Merit: 1247
Try Gunbot for a month go to -> https://gunbot.ph
Usually, I do grid trading, if anyone is familiar. This is when you put multiple buy orders and sell orders at a certain price distance with the current price. It's a great way to trade because you wouldn't have to worry too much about predicting the market direction, and you could continuously average down or take profit trade. It works with a small timeframe and would be ideal if you have an outstanding balance as well.

I do this automatically with Gunbot, so it's not that tiring and wouldn't take too much of my time. I monitor it from time to time to make sure that it's operating the right way.
legendary
Activity: 1624
Merit: 1799
Binance #SWGT and CERTIK Audited
In fact, I find it difficult to do all of the things that I mentioned on a daily basis to do scalping trades. You can follow these steps to make long-term investment deals, but doing scalping will be very stressful for me.
For me, I monitor the area in which the currency moves up and down, then I set a certain point to buy and another to sell and that's it. I do this once or twice and then go back to watching the currency for some time.
hero member
Activity: 2814
Merit: 766
My own ways to scalp.

Indicators used:
-Bollinger bands
-Moving averages
-RSI

Ive been using it when dealing with price action and i do look for some biases towards between shorter and longer
timeframes and if i do find out some trend or possible reversals then thats the time i do get in.
hero member
Activity: 1202
Merit: 545
Price action is what I use mostly while scalping. The movement of candles gives me enough information to make my decision. Hammer, engulf candle combine with resistance/support and supply/demand zone make perfect trades. With the initial technical analysis, I believe I can make 2-4 trades with a pair in a day as long as I can be patient.

Damn, I am a scalp addict. I used to make more than 15 orders a day, and it really made me sick. Patience is what I lack of, and it has caused me to lose a lot of money. I can't stand watching those candles forming and running. Thus, I try to draw my analysis on any pair I can't in order to find a good trade, even after I have a losing trade. Scalpers are the most profitable traders but also lose the most. Just try not to become selfishly greedy
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
Scalping is actually quite hard since I can leave a trade open for days and sometimes I miss the take profit point. What I use for scalping is the Exponential Moving Averages. I use the last two moving averages and that is the 50 and 200 moving averages.

What I do is to open a trade at the point the 50 and 200 moving averages crossed, either by buying or selling depending on the direction of the market and wait for them to cross again to take profit. This works most of the time but sometimes the trade might be open for weeks and sometimes months.
full member
Activity: 546
Merit: 159
You are over-complicating scalping by using a bunch of half-useless tools in trading view. You should not build your strategy on these indicators, at one point they simply will not work as it should and you will lose money. Build a scalping strategy at levels. Levels are the most reliable indicator of entering trades on the chart.
Scalping is most effective, productive and profitable for bull trend. If you do scalping trades with a coin that has a temp mini bear time, you will get losses.

Scalping or other trading methods, traders have to exit the market before the new cycle comes. If you are too slow and don't exit before the time, your temp profit from scalping will be stolen by Mr. Market. It is bad to blame that scalping method is bad because of your bad decision (don't exit).

Support and resistance are enough for scalping in mini bull trend.
legendary
Activity: 3542
Merit: 1352
Excel is fun
I don't rely too heavily on technical indicators. I only ever use Elliott waves, daily trading volume, community interaction, and dev interaction with its community. The latter part is as important as the first tools, because even if the patterns are good and indicate some rises, without community engagement you cannot be sure that there will be someone that will buy those coins in the future, unless of course if the coin already has an established market of its own.
jr. member
Activity: 33
Merit: 1
Elliot waves and some candlestick patterns are useful for scalping.
But recently when I did some scalp trades, I tried to use Bollinger bands, which is kinda useful too. I just watched it from Youtube before on how to use Bollinger bands, it is a newbie-friendly indicator that may help you to find a good trade entry.

Yeah I know about candlestick being useful at times when you understand it. And Bollinger band too but I have not watched the practice on YouTube. You could send a link to that about bollinger if you still having it and the parameter setting .

IDK about you guys, but Bollinger band  is laggy, and can't count on it alone, from my perspective i won't enter the market without elite waves theory which I recommend for every trader, mastring Elliot wave is a GREAT book to start about it
Note; not easy, needs a lot of time, BUT WORTH IT 
sr. member
Activity: 2296
Merit: 332
Elliot waves and some candlestick patterns are useful for scalping.
But recently when I did some scalp trades, I tried to use Bollinger bands, which is kinda useful too. I just watched it from Youtube before on how to use Bollinger bands, it is a newbie-friendly indicator that may help you to find a good trade entry.

Yeah I know about candlestick being useful at times when you understand it. And Bollinger band too but I have not watched the practice on YouTube. You could send a link to that about bollinger if you still having it and the parameter setting .
legendary
Activity: 2590
Merit: 1195
Livecasino, 20% cashback, no fuss payouts.
You are on point with you analysis but for me personally I do more research around the project to see if there is something big happening soon. It proved for me to be better then only to focus on charts. As for leverage trading I do that at x10 and I always put a stop loss at -1.5% and take profits around 2% or more it depends of situation. For leverage I focus more on charts but usually coins track BTC so you can go by that if you don't want to go any deeper in it.

Stop loss at 15% of your bankroll? Very dangerous, if only for 2% of profits? I mean, with the kind of volatility we see that stop loss is SO easy to hit at 10x leverage.

Big moves seldom effect the way we think too. See stimulus checks on weekend? then BTC went down. No news now and it's back up today. Swings and volatility with no reason or no immediate impact.
legendary
Activity: 2254
Merit: 1338
Buy/Sell crypto at BestChange
Elliot waves and some candlestick patterns are useful for scalping.
But recently when I did some scalp trades, I tried to use Bollinger bands, which is kinda useful too. I just watched it from Youtube before on how to use Bollinger bands, it is a newbie-friendly indicator that may help you to find a good trade entry.
sr. member
Activity: 2296
Merit: 332

what strategy do you use?


for me
 I rate  the trade like this
point for an Elliot waves pattern
point  if there's a bullish divergences on the indicators
point if there's a classic pattern (triangle, channel, etc..)
point for the candle i want to join after
point if there's a good volume
looking in the order book to see any big orders in any price to count them as resistance or as Support, and see how the bid and ask is going.
looking at the fip level  and see where are we on it
looking at volume profile resistances or  Supports

what do you think of my way of trading? , tell us how you scalp.

IMO sorry all these opinion and rating you listed does not represent a scalpers too and focus except few.

As a scalper, they concern with timing and unusual with very low time frame like 5, 10 or 15 minutes trade time to out of trade. They may look for candle formation, support and resistance. It is timing for a scalper.
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