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Scalping or Trend riding
What is your opinion of scalping vs trend riding? Has one or the other been more successful?
I personally feel that scalping is best done by EA's, humans are ok but, the software is much much faster and doesn't break the rules based on emotional investment.
In manual trading I find the best way to make money is playing trend reversals.
First you have to Identify a trend, doesn't matter up or down.
Now that you know there is a trend, you figure out when is the most likely point of trend reversal.
You can do this many ways. I suggest using some helpful indicators. Such as parabolic sar, exponential moving averages, drawing your price levels for supports and resistances, drawing your trend lines to identify known patterns that could indicate a trend reversal or continuation, and especially, fibonacci replacements levels.
Before entering a trade, have your risk management in place. In considering risk management, take into account your balance, how much you are willing to risk or lose worst case, as well as how much you feel would be a decent profit.
After identifying a trend, using indicators and chart drawing analysis to identify possible reversal levels, I then wait for at least 2 sometimes 3 confirmation signals of the reversal or continuation of the trend. Once such confirmation could be the changing of dots on the parabolic sar, another could be the crossing of a sma over the ema, and as well as candle stick analysis(patterns as well as signal candle formation).
I believe this is a decent basis for a strategy in manual trend trading.
We the traders who are particularly scalpers have to choose thebroker which always ensures lowest trading spreads, if we want to get maximal result by scalping that brings profit in a short time. as a professional scalper now I am comfortable with TempleFX which until the end of time ensures flexible trading spreads from 0 pips including minimum margin requirements. By using their lowest trading spreads I am able to predict the real faction of this market with certainly when scalping.
so, my trading life is very much profitable.
I’m not sure what do you mean this thread actually! Scalpingdoesn’t mean trading against on the market trend! Of course you can open your scalping trade position according to the market trend! I’m a scalper, and don’t compromise about my entry quality, so no chance with reversal market! Basically, I have more than 200 trading instrument facility from trade24 broker, so I can evaluate good entry points perfectly!
Scalping is nice, but then what makes it different from BOs? While it can be an ok strategy, you don't use what forex offers to full extent - I mean trends. What about combining both approaches? Hold a position while making some short-term predictions.
I sometimes do scalping. Scalping implies brief time trading. A trade which is opened for a short time period like 7 to 10 pips is called scalping. Professionally I am a vendor. I am also benefit by a couple of sights as a vendor. This trading sort saves my basic time and gives me trustworthiness. As a seller I have the shrewd advancement with Jmfinancial.Eu which causes me in scalping and hedging. I have moreover fast execution office. I likewise get up to 200:1 leverage. It gives mind boggling spreads beginning from 0.0 pip.
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