how do you catch your deals as a scalper? - page 2.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: Fatunad on March 17, 2021, 02:33:30 PM

Quote from: Mahmoud70 on March 17, 2021, 12:01:25 PM

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

Usually these things do particularly means with price actions. Things ive been using? Common ones.

-Fibonanacci
-EMA
-RSI
-MCD
-BB
-Some candle patterns (Usually reversal ones)

These are the main technical tools ive been using when doing day trades.

Other then these indicators, it is very important to trade in a certain time frame. If you are scalper, it not good if you open the 4hr chart and apply these indicators there. You need to focus more on 15 mins or 5 mins charts and identify the M and W pattern to quickly get-in get-out of the trades.

Mahmoud70

jr. member

Activity: 33

Merit: 1

Quote from: maxreish on March 18, 2021, 12:46:03 AM

There is nothing wrong about your usual activity, if that benefits you and gives you profits as a Scalper then you can just do your normal deals. Although, I didn't do much as what you are usually doing, because I only used three indicators (MA, RSI and Stoich rsi), I also do some check with divergence and volume as it is a great help for me but whatever your deals, just do not forget to integrate stop loss.

i don't really use stop limit, my deals are usually 24h long max, I usually put alerts if a price drops down, but not an SL

maxreish

sr. member

Activity: 1330

Merit: 326

There is nothing wrong about your usual activity, if that benefits you and gives you profits as a Scalper then you can just do your normal deals. Although, I didn't do much as what you are usually doing, because I only used three indicators (MA, RSI and Stoich rsi), I also do some check with divergence and volume as it is a great help for me but whatever your deals, just do not forget to integrate stop loss.

adaseb

legendary

Activity: 3808

Merit: 1723

How many scalpers do you know that are actually successful? Honestly we all want to be scalpers however its extremely difficult being profitable this way in the long run. You should just focus on longer term trades instead of trading the 1 minute chart trying to gain 0.50% using 25x leverage.

The M1 chart is just so random at times and it can be very unpredictable, save yourself the headache. If you trade the hourly or daily you and thousands of other traders are probably looking at the same pattern and you got a decent chance of the trade working out. This is why its easy trading stocks on the daily because there are many technical traders out there that look at the same thing as you and when it hits a certain price usually there will be a reaction. This is not possible on the 1 minute charts.

goaldigger

sr. member

Activity: 2422

Merit: 357

Scalpers have to do their best to see the best entry and exit point, I’ve tried this before using Fibonacci, EMA, MA, and I tell you that its really stressful. I’m quiet contented if I made a 5% profit as a whole everyday.

Price analysis is very important, scalpers have to plays the market with a lot of strategies and we all have different approach as a scalpers. This can be more profitable if you’re playing with a good capital, again this is risky so you should not do this if you’re a newbie in trading.

Mahmoud70

jr. member

Activity: 33

Merit: 1

Quote from: JooBra on March 17, 2021, 02:27:27 PM

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.

how could I follow 6000 coin events? , and how can I know the right news to follow? , you know, there's a lot of fake news and media.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: Mahmoud70 on March 17, 2021, 12:01:25 PM

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

Usually these things do particularly means with price actions. Things ive been using? Common ones.

-Fibonanacci
-EMA
-RSI
-MCD
-BB
-Some candle patterns (Usually reversal ones)

These are the main technical tools ive been using when doing day trades.

JooBra

full member

Activity: 1204

Merit: 162

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.

Mahmoud70

jr. member

Activity: 33

Merit: 1

I've been looking for good scalping strategy's and I think scalping when you see a coin god an unnormal volume, I tried to use a scanner like the one on trading view but didn't know what setting to put on it
as a scalper, what are the ways to find the deal for you?
how do you rate the deal before going in?
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.

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