Forex Trading Strategy with Scalping – 6

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Forex Trading Strategy with Scalping – 6

As a continuation of the scalping strategy, this section will discuss the trading time period that is suitable for the scalper. Some scalpers like choppy market conditions and no clear or random direction, while others prefer to market conditions with clear and strong direction of movement and high volatility.

As a continuation of the scalping strategy, this section will discuss the trading time period that is suitable for the scalper. Some scalpers like choppy market conditions and no clear or random direction, while others prefer to market conditions with clear and strong direction of movement and high volatility. Even though both styles are equally profitable, the time period for each market condition is different. The true scalper does not hold his trading position for too long and barely implements money management in detail, therefore the scalper always tries to find a choppy time period or a certain moment where volatility moves a currency very high, in order to gain benefits in a short time. Here is the trading time period often used by scalpers:

7:00 to 8:00 am EST :

This time period is when the European market moves choppy as traders prepare to enter the New York market at 8:00 am EST. Although the London and Frankfurt markets are still open, the liquidity is much reduced as the trading volume shrinks. The release of important European economic data is over at this time (usually released around 4 am) and traders opt out of the market while preparing further strategies to welcome American players.

The scalpers who love the choppy conditions usually enter the market at this time period. With choppy market conditions and tend to be rather quiet, the scalper can apply the trading strategy by utilizing two-way fluctuations are relatively stable. The results are quite effective and consistent as long as no breaking news or unexpected events can affect the market. Approaching an important fundamental news release of the United States or Canada (usually at 8:30 am EST), the market may move with high volatility in anticipation of pre-news releases. Scalper has memorized the pattern of price movements, usually the market formed a triangle pattern (triangle), and they will trade by opening a position in the price range within the triangle. Based on the rules of triangle pattern pattern, the price will break strongly when the news release is important.

8:00 to 10:00 am EST :

This time period is highly risky for inexperienced newbie scalper. At this time the New York, London and Frankfurt markets are all active and some important economic data is usually released in this time period. During this period of time the market was very liquid and volatile so that scalping techniques and strategies were needed to be able to play in tune with market price fluctuations.

At low time frames (5 minutes or 1 minute) the trend always changes quickly and sharply, commonly called micro trends (because it occurs at a low time frame). To be able to anticipate these changes quickly and accurately, scalpers must master detailed technical analysis with high application capabilities.Experienced and experienced scalpers will certainly choose to trade in this time period. In addition there are many opportunities to open a position, the resulting profit is also quite adequate. Scalper will open and close its trading position in tune with trend, and if market conditions are good they apply trailing stop at a position while opening new positions.

3:00 to 7:00 pm EST :

This period can be divided into 2 parts, between 3:00 to 5:00 pm EST where some banks in the United States are open, and between 5:00 to 7:00 pm EST, most trading time quiet. Almost all major markets have closed, and although still in trading time but the activity has been much reduced. Scalpers who like slow and quiet market movements usually start trading activities in this time period. They take advantage of market direction fluctuations that are directionless with a small range. In these hours it is suitable to apply the robot in addition to manual way trading. With the robot can be obtained relatively fast trading results with low risk.

Scalping Forex System

For scalpers who like market conditions are somewhat volatile, they can trade between 3:00 a.m. and 5:00 am EST, while those who like the choppy condition will enter the next hour. It is actually quite difficult to open and close positions on market conditions like this. Scalper work around this by opening several trading positions and immediately closing (multiple trades) in a row in a very short time.

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Forex4Live.com is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
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