Forex Trading Strategy: Scalping the EUR/USD in Forex Market

According to the trade2win.co.uk glossary, Scalping is the practice of buying a stock/currency, holding as long as the trend continues, and then selling as soon as the momentum appears to be slowing.

For you who love the short time trading the scalping technique sometimes useful to make more profit in one day. You enter the position whenever you think that the markets will move in the direction that you could predict and then close the position whenever you think the markets will move in the reverse direction.

Scalping in the forex markets sometimes so risky but if you could identified the markets movement, and you familiar with the pattern, you could making profit with this technique.

I love the scalping technique especially in EURO/USD pair. This pair is so "Trendy" and little bit stable than the Cable (GBP/USD), if the markets going to up it would up following it's main trend and vice versa. I usually doing this technique in 30 Minutes time frame, enter the market when the trend i predict just starting and then close the position when the trend in the reverse trend. Look at this picture below:


Basically on that picture you could see, we enter the markets when the candlestick cross over the Time Series Forecast (TSF;Indicator in the green line), and then we close our position regarding the markets going to make the reverse trend that indicated by candlestick cross over the TSF.

You could try this technique on your virtual account. I am using Marketiva trading platform in forex trading, if you want to join marketiva just click the "Marketiva" Button below this blog header.

Happy Trading...