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.
Topic: how do you catch your deals as a scalper? (Read 342 times)
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$.
But the price will not move so fast unless good news happens and makes the price up after traders read the news.It is not easy to use scalping as we need to check how far the price will moves, which is difficult to know. Maybe we can trade with fast following the price movements, but you do not need to follow the price if you think that the price already moves faster than before.
I prefer daily trading or check for the price move before trading so we know that it is good to trade or wait for more.
If you think your strategy is good and you can profit from that, you can continue doing scalping trading. However, if you learn the other method of scalping trading, you need to know that maybe you need to modify the strategy to work for you.
I'm not a big fan of scalping but I do it when I know something is bound to happen. Like right now, Bitcoin is going to get rejected at the 41000$ 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$.
Seemed obvious to you too ? I was hearing many traders waiting 49k or higher.
For me, it was more based on a general negative sentiment on the market, that we did not suffer enough and that there was a lack of new cash coming to buy.
I'm not a big fan of scalping but I do it when I know something is bound to happen. Like right now, Bitcoin is going to get rejected at the 41000$ 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$.
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..
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..
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.
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
-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
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.
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.
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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.
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.
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.
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
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.
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 .
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.
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.
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.
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.
what do you think of my way of trading? , tell us how you scalp.
-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.
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
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.
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.
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.
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.
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.
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.
what do you think of my way of trading? , tell us how you scalp.
-Fibonanacci
-EMA
-RSI
-MCD
-BB
-Some candle patterns (Usually reversal ones)
These are the main technical tools ive been using when doing day trades.
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.
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.
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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