Scalping Trading Top 5 Strategies: Making Money With: The Ultimate Guide to Fast Trading in Forex and Options

 
 
Indicators Used:
As previously mentioned, the Short Momentum Scalper strategy will
require you to use an hourly chart for your technical analysis. You will
need this chart to be equipped with the 8 period and 34 period EMA
indicators. You will also have a 5-minute chart open which you will use to
conduct each trade. On this one, you will only use the 8 period EMA
indicator, the 34 period EMA won't be needed here. The 8 period EMA
indicator along with the price bars will help you determine your exact
entry points for both long and short orders.
 
 
Long Order (Purchasing) Entry Overview

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To open a long order form, you will want to see a certain trend take place
on the hourly chart. This trend will show the 8 period EMA line cross over
the 34 period EMA line, and the market price will rise above both of the
EMA's. When this happens, you will then look to the 5-minute chart.
There, you want to see the price cross over the 8 period EMA line. When
this happens, you are ready to open a long order form. Every time the price
crosses the 8 period EMA line on the 5-minute chart, you can open more
orders if you choose to. This is one of the customizable features of this
strategy, which increases your exposure. This can heighten your risk, but
also increase your profit potential. Use stop-losses and take-profits to
avoid any major losses when you're opening orders.
 
 
Short Order (Selling) Entry Overview
When you're preparing for your short order entry positions, you will be
looking for the exact opposite conditions as you were for the long order
entries. Here, you want to see the 8 period EMA drop below the 34 period
EMA, and the price should drop below both. When this happens, you are
ready to move over to the 5 minute chart and prepare to find your exact
short order entry position. In this chart, you will want to see the price drop
below the 8 period EMA line. Once you see this, you can open your short
order entry form. Every time the price crosses below the 8 period EMA,
you can open more short orders if you desire. As I said in the last section,

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always use your stop-losses and take-profits to avoid any major losses with
your trades.