Dear Traders,submitted by Horizon_Trading to u/Horizon_Trading [link] [comments]
My name is Ludovico and I am an associate of Horizon Trading team. Today, I would like to share with you a scalping technique that will give you an advantage in following price action fluctuations. Most importantly, this article will focus on fast timeframes trading tactics, how to spot important key levels and trigger your positions.
So, do scalping and price action go well together?
Considering that price action aims to predict what price is doing right now and where is heading, fast mindset and quick analysis become crucial; scalp trading is about the same thing. A scalp trade will take approximately 1 to 30 minutes, so to be effective and consistent in this discipline one must be reacting rapidly to price movements. Therefore, scalp requires quick analysis, quick responses and quick decisions, and at its core there is price action, which as well is all about speed and efficiency.
Now let s move on today’s topic on how to steadily understand fast trading potential earning set ups and to become a killer scalper.
What is scalping trading?Scalping is a trading style that specialize in profiting off small price changes. It requires high level of concentration, because, due to its speed, a trader must have a strict entry exit strategy, otherwise one large loss could cancel all the many small gains in a blink of an eye.
The main features of scalping are:
Less exposure, lesser risk: A smaller exposure to price fluctuation will reduce the odds to run into adverse events.
Smaller moves are easier to forecast: Because like every market forex works on principles of supply and demands, a higher imbalance is needed to generate bigger price changes.
Smaller fluctuations are more regular than wider ones: Even in days when markets tend to less volatile, working with smaller timeframes such as (M1, M5, M15 & M30) will still grant chance of earning more frequently.
While swing trading relies on big price moves, therefore aiming for long trend following a scalper will trade that fluctuation continuously. Price action comes into play here, a solid scalp trader must be very aware of level of support and resistance and when the price could bounce off.
See image Below:
Figure 1: Support & Resistance, XAUUSD, M1, (23rd July 2019
In order to better find these areas a comparison between timeframes is necessary considering that is always advantageous to highlights the most recent zones of support & resistance (2 to 5 previous days)
Once understanding levels strategy become easier to follow, let’s find out.
Simple scalping and Horizon X scalping patternWhen trading trends continuously, important is to gauge market signals which indicate the trend is strong, opening to new potential earning scenarios for investors. When noticing price is coming back to retest important key levels forming pullbacks, a trader should always look out for entry-points.
Scalping pullbacksScalp traders must focus on key resistance and support level to find entry point while trading pullbacks. Here at Trading Academy we developed a system, based on fast moving price action that will enable traders to have successful daily session.
We based our method on understanding where big money players come into action and by following their liquidity volume open winning positions. Horizon X is based on several scalping price patterns which find their fundamentals in risk and money management, key levels and entry points.
See image below:
Figure 2:Scalp trading pullbacks, XAUUSD, M1, (23rd July 2019)
In the picture above I highlight the principle of trading pullbacks in M1 timeframe, this method relies on entering the market in specific hot spot key levels. Even though many traders globally do not take into consideration risk management, our vision is that while scalp trade, investors should follow clear objective rules to be effective, here is one of our coral patterns and its trade management rules.
Horizon X Pattern #3This pattern aims to gauge momentums, big money players moves, consisting in fast formation of large body candle sticks (black bearish/white bullish)
Figure3: Pattern #3 configuration
To be formed Pattern #3 require several steps to be accomplished by the market before we can enter our position with confidence:
Entering the marketPattern #3 can be traded by entering the market within the retesting price area at consolidation level, however the tactics would be based more on aggressivity of trader personality and behaviour. In this booklet we will describe the most commonly used one.
Entering in consolidation structure
Market needs more liquidity for further movement and is going deeper toward the structure taking stop losses of weak traders. Smarter investors, however, use these stop losses for their position gaining, entering the market when a fractal is formed.
See image below:
Figure 4: Pattern #3, entering market at consolidation structure, USDCHF H1 (22nd July 2019)
Entering at consolidation boarder
Price touches edges of consolidation and starts to reverse. We would like to open position when fractal is formed.
See image below:
Figure 5: Pattern #3, market entry at consolidation border, GBPUSD M1 (14th Mar 2019)
See image below:
Figure 6: Pattern #3, market entry after false break out, GBPUSD M1 (6th June 2019)
Trade ManagementSimilarly, we can use 4 elementary exit strategies of our Horizon X Pattern #3.
Sunday, 19 February 2017. Forex Fraktal Ausbruch System It was Williams who for the first time suggested that the market was chaotic, multiple-factor and self-regulating system and cancelled all linear models. How to use fractals in Forex . Fractal links of exchange prices and the repeating structures have been confirmed by the results of computer modeling. The fractal (fr om Latin fractus) means a steady scalable design of irregular shape emerging ... Application of Forex Fractal Trading Strategy. Forex Fractals show Low and High of the price on a chart and is applied in a "breaking" strategy when the price leaves frames of Fractal. In order to get trading signals, Forex Fractals trading system as a rule should be combined with Alligator Indicator which was also developed by Bill Williams. Here are the basic rules according to his theory ... Forex Fractal Strategy. The chart above gives you a very good idea of emerging patterns clearly visible for trades in the EUR/USD forex pair. Forex fractal strategy first came on to the forefront thanks to the efforts of Bill Williams who had a number of indicators as a part of his overall trading system, one of which was the Fractal Technical Indicator. FOREX-SYSTEM. Hľadať . Úvodná stránka ... Forex indikátor fraktály je technickým indikátorom, ktorý vyvinul známy obchodník Bill Williams. Na rozdiel od väčšiny iných indikátorov sa fraktály zobrazujú len ako jednoduché šípky, nad alebo pod grafom ceny. Fraktál na forexe sa sformuje po tom čo sa náležite zoradí 5 po sebe idúcich forex sviečok. Rozlišujeme dva ... 91# Forex Profit System; 92# Forex Volcano Scalping; 93# Trade The News Strategy; 94# Trader Wawasan; 95# 5 min Method; 96# MQLPRO stoc/cci/VB; 97# Laguerre Scalping; 98# AFX Trader; 99# VForce System; 100# Thrall Scalping; 101# 5 min Trading System ; 102# Predator Scalping Trading System; 103# Day Trading GBP/JPY; 104# Vlad System 15 min Day Trading; 105# Scalper Wave; 106# 1 min Scalping ... Fractal Strategy is an trading system with Bill Williams fractal indicator. Free Forex Strategies, Forex indicators, forex resources and free forex forecast . Home Page; Blog; Newsletter; Forex Products Reviews ... Ein Long-Signal entsteht beim Fractal-Up, wenn das Hoch von Nr. 3 überboten wird. Im Gegensatz dazu gibt es ein Short-Signal beim Fractal-Down, wenn das Tief von Nr. 3 unterboten wird. Beim Alligatorsystem sind die Abwärts- und Aufwärtsfraktale in einer einfachen Linienform dargestellt. Das Fünfer-Zählprinzip ist dabei stets die Grundlage. Buy and Sell fractals may share price bars (e.g. use the same bars from the set of 5). How to trade with Fractals. Fractals as breakout points. Since fractals highlight points at which price failed to hold and therefore reversed, it is logical that once price beats its old fractal, there is a new strength coming. Trading-System ist Ihr Weg zum Erfolg auf dem Markt! The Trader’s Path: Learn forex; Empfohlene Literatur; Lexikon; CleverFX Enzyklopädie. Nach Sachgruppen; Nach Alphabet / von A bis Z ; Bonus für Artikel; Analytik. Fresh-Prognose. Elliott-Wellen Analyse für Forex; Fundamentale Analyse; Technische Analyse basierend auf Breakout; Analysis of margin levels; Trading signals; Plan der ...
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