To me scalping is a form of trading that's done when you're in between your moving averages or in between support and resistance levels like inside of those zones or when you are inside of consolidation and distribution areas. A lot of you claim to be scalpers on small time frames when the truth of the matter is you are simply impatient and you use 1 minute, 5 minute, 15 minute or less time frames on your charts.
With that being said one thing that you need to have a good grasp on is how to range trade and in this video I'm going to show you what you should be looking for when you arrange trading.
------------- Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling. In day trading, scalping is a term for a strategy to prioritize making high volumes off small profits.
Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Thus, having the right tools—such as a live feed, a direct-access broker, and the stamina to place many trades—is required for this strategy to be successful.
Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling. Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Having the right tools—such as a live feed, a direct-access broker, and the stamina to place many trades—is required for this strategy to be successful. A successful stock scalper will have a much higher ratio of winning trades versus losing ones, while keeping profits roughly equal or slightly bigger than losses. A pure scalper will make a number of trades each day—perhaps in the hundreds.
@ShareGuru4u, it doesnt matter which. in the video i described which moving averages i am using and what their lengths are.
munawarh971
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informative video
SwallowPremium
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Good look at the market, keep up the good work)
prakashabc32
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Super 👍
sups000
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Hi nice video. Just a query, how did you draw the box when there was no price action earlier?
CoffeeshopCrypto
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@sups000 the box is based on the last low and the last high of the previous downtrend I have my script set to automatically extend the Box a certain number of bars into the future. now I can draw this visually or I can let the script to do it for me which would be an estimation