What's the best way to scalp?

[turner12]

We all. have different ways to trade but the most common that I hear about is scapling or daily trades..
I've been doing scalps on US30, sometimes it goes well and other times really bad.
Anyone has an idea how to do it best???

Looking forward to getting some feedback.

 

[caseyy27]

I am a scalper. I also do the top-down analysis to know whats the trend. and execute my trade on 5mins chart using price action and candlestick patterns.

 

[joyaxiam]

my best scalping system setup so far, is to use alligator ichimoku combined with imoney line, 144LWMA and the hawkeye volume indicator on 1 min chart. If price below kumo cloud, imoney line, 144LWMA, volume bearish keep shorting. If price above kumo cloud imoney line, 144LWMA volume bullish keep long. You can find imoney line, hawkeye volume indicators easily online. I have also put in Alzig arrow and votex arrow to help me with decision making.

I have run forward and backwards testing on this system. Its the best setup so far. Nevertheless, you need to do your homework to train your eyes and mind to see the signals. This setup must paired with larger timeframe, i.e. 30 min, 1H chart. With Alzig arrow, normally its about 5 - 10 pips stop loss.

Good luck!

 

[BrandonTN]

I am a scalper. I also do the top-down analysis to know whats the trend. and execute my trade on 5mins chart using price action and candlestick patterns.

What resources do you recommend for learning top-down analysis?

 

[joyaxiam]

Is there an adviser on this system?

Nope. I wish someone can make one.

 

[cattube992]

Hello, first of all, let me tell you about my poor English. I do 5 to 10 transactions every day using the 5-minute swing method.