Premises Of Scalping

There are a few main premises of scalping that are useful to keep in mind to understand the logic behind these techniques. Smaller moves are easier to gain - In my previous eBooks I mentioned that the larger your target pip gain the higher the possibility that the target won't be reached. I have been known to say that it is easier to catch 20 pips than 200 simply because in the time that it would take to reach that goal the market sentiment could change due to unforeseen circumstances. As a...

The Joy Of Scalping

Why be a Forex Scalper Simply put, it is both fun AND profitable The concepts are easy to learn, easy to do (once you're skilled at it), provides you with an adrenaline rush, and can fatten your bank account. Personally, I think that of all Forex trading methods that scalping is simply the most fun. The trading style is mentally stimulating, and it's exciting to watch your profits grow. If you are a chronic trader, someone who enjoys doing frequent trades, you'll find that here you'll have the...

Serious Trading Computer

I wasn't going to add this topic (as it isn't specific to scalping techniques) but decided to include these thoughts here for you as it can give you a solution to the problems that I've faced for a while before figuring it out myself. These ideas are useful for you regardless of what style of Forex trading you do, however for a scalper these ideas can be of immense value due to the fact that you want to keep a more constant pulse on the market. I have an office in my home where theoretically I...

Sharp Reversals

Many times a peak (or valley) doesn't just slow down allowing you ample time to wonder about what is going on. Sometimes a reversal just happens to which you'll need to be able to quickly read the signs and make an appropriate decision. Notice the peak of this petit uptrend. There are a couple of interesting things about this example. First of all notice the top candle. That single candle sends you a strong signal warning you of a potential reversal. I sometimes call candles like that as a...

What Is Scalping

Scalping can have various descriptions depending on whom you ask. Some folks would say that some Forex Surfing techniques are considered scalps due to the small size and duration of the trades. Different traders have different techniques for scalping, but one thing that can be universally agreed upon is that scalping involves tiny trades (both in amplitude and duration). Typically, scalping is a specialized technique that involves making a tiny trade to capture a very small movement in the...

Trading Mechanics

Before we delve into the scalp trading opportunities, setups, and techniques we first need to discuss how to do the mechanics of entering, modifying and exiting trades. In Forex Surfing I explained how to place Entry Orders setting up a trade to occur once a specific price is hit , so I won't be discussing that here. What I will cover is how to manually enter a trade at current spot price, modify your stop, and manually exiting a trade at current spot price. These skills will be explained with...

Adding Sex Lines

In my eBook Forex Sailing released simultaneously with this eBook I talk extensively about S.E.X. Lines, what they are and how to use them. I'm just going to assume you've already read it, but if you haven't then skip reading this section and come back to this once you have read about S.E.X. in Forex Sailing. I've personally found that S.E.X. lines work GREAT for Scalping, and are quite useful. On your one-minute candle chart set your S.E.X. lines to 15, 30 amp 60. Take a look at the following...

Kamikaze Scalpers

I think that is it worth mentioning here that there are people that I would label as Kamikaze Scalpers. This IS NOT something that I would endorse for you, but will mention it here because sooner or later you will be tempted to start thinking about it, and there are many people who do it. Because scalping involves tiny trades in duration and amplitude many scalpers trade significantly larger amounts of lots regular or mini to leverage the tiny pip gains into more substantial profits. The...