Yeup, I'm now there reading and testing the ideas.
Scalping Forex is a great thing if you found the right approach to it.
Good luck everyone and enjoy the website!
Forex scalping systems
Cheese ~C:>
Thursday, December 13, 2007
Tuesday, November 6, 2007
Same Forex chart - 5 min trading
As I was writing my previous post I also spotted a perfect entry point.
I wrote earlier about 200 EMA and its importance for large time frames as well as for smaller time frames.
If you look at the screen shot you'll see that price came to test 200 EMA for the first time, and bounced upwards. Then it tested it again and broke below it. Now a downtrend on 5 min chart is unfolding. I set my downtrend trend line and waited for price to come and test 200 EMA from below. I've circled this point in yellow.
It is a perfect point to enter Short: I've got 200 EMA test + downtrend trend line test.
Happy Shorting :)
I wrote earlier about 200 EMA and its importance for large time frames as well as for smaller time frames.
If you look at the screen shot you'll see that price came to test 200 EMA for the first time, and bounced upwards. Then it tested it again and broke below it. Now a downtrend on 5 min chart is unfolding. I set my downtrend trend line and waited for price to come and test 200 EMA from below. I've circled this point in yellow.
It is a perfect point to enter Short: I've got 200 EMA test + downtrend trend line test.
Happy Shorting :)
Forex 5 min charts trading
I've made a screen shot to support my previous posts about 5 min trading in Forex.
I am a trader who trades all kinds of charts including 5 min charts. And believe me, if you call them "noisy", I would tell you that there is as much noise as 1 hour charts and higher.
If a trader wants to trade Forex using small time frames, he will learn and do that with the same success as others trade hourly and daily charts.
Till next time,
good luck!
I am a trader who trades all kinds of charts including 5 min charts. And believe me, if you call them "noisy", I would tell you that there is as much noise as 1 hour charts and higher.
If a trader wants to trade Forex using small time frames, he will learn and do that with the same success as others trade hourly and daily charts.
Till next time,
good luck!
Friday, October 19, 2007
5 minute Forex charts are not random!
Ok, here we are. Today my post is about scalping in 5 minute Forex charts.
Those small Forex time frames may scare some big Forex traders, but they are very appealing to small traders. And there is a reason for that:
While trading daily or hourly a trader stays constantly under the pressure and stress, even if it is minor, it is still there. The stress is caused by inability to know what is going on with the market while a trader is away from the chart.
This state of mind is not known to scalpers. They always know what the price is doing simply because they watch it tick by tick.
Now, talking about randomness on small time frames. Ok, take the first tool - trend line, set it on 5 minute chart. What do you see? Price obeys the line! When a trend line is broken we can see a sell off or a rally. No randomness, same rules as for large time frames.
Well, let's take Fibonacci tool now. Set it on 5 minute chart, try it even on 1 minute chart - no randomness there either - retracement levels and extension levels are followed.
Now, take your favorite 200 EMA. For those who don't have this tool in favorites, anyway, try it out. What we know about 200 EMA is that it sets visual border between bulls and bears. We know, traders use this 200 EMA on daily, hourly etc frames. See how nicely 200 EMA plays its role on 5 minute frame... Now switch to 1 minute... Amazing, it is still works there showing bulls and bears territories!
Want more examples? Forex traders, like me, like you - scalpers, use MACD, Stochastic, CCI, RSI, Moving averages etc etc etc on 15, 10, 5 minute and 1 minute time frames and are happy with the patterns they observe.
In my sole opinion, Forex traders who call small time frames random simply don't know how to trade them. I also know that my favorite 5 minute time frame is not random! I profit from trading with it, I profit constantly and make my decision based on a strict set of rules, not and never spontaneously! Scalpers are simply faster decision makers then position traders, but both use same knowledge about Forex trading, apply same tools and see same patterns.
Till next time,
Happy scalping in Forex!
Those small Forex time frames may scare some big Forex traders, but they are very appealing to small traders. And there is a reason for that:
While trading daily or hourly a trader stays constantly under the pressure and stress, even if it is minor, it is still there. The stress is caused by inability to know what is going on with the market while a trader is away from the chart.
This state of mind is not known to scalpers. They always know what the price is doing simply because they watch it tick by tick.
Now, talking about randomness on small time frames. Ok, take the first tool - trend line, set it on 5 minute chart. What do you see? Price obeys the line! When a trend line is broken we can see a sell off or a rally. No randomness, same rules as for large time frames.
Well, let's take Fibonacci tool now. Set it on 5 minute chart, try it even on 1 minute chart - no randomness there either - retracement levels and extension levels are followed.
Now, take your favorite 200 EMA. For those who don't have this tool in favorites, anyway, try it out. What we know about 200 EMA is that it sets visual border between bulls and bears. We know, traders use this 200 EMA on daily, hourly etc frames. See how nicely 200 EMA plays its role on 5 minute frame... Now switch to 1 minute... Amazing, it is still works there showing bulls and bears territories!
Want more examples? Forex traders, like me, like you - scalpers, use MACD, Stochastic, CCI, RSI, Moving averages etc etc etc on 15, 10, 5 minute and 1 minute time frames and are happy with the patterns they observe.
In my sole opinion, Forex traders who call small time frames random simply don't know how to trade them. I also know that my favorite 5 minute time frame is not random! I profit from trading with it, I profit constantly and make my decision based on a strict set of rules, not and never spontaneously! Scalpers are simply faster decision makers then position traders, but both use same knowledge about Forex trading, apply same tools and see same patterns.
Till next time,
Happy scalping in Forex!
Thursday, October 4, 2007
Is price on small time frames in Forex random?
Let's continue about scalping, my favorite method of Forex trading.
Like many serious traders I read about Forex and learn every day. The topics about scalping in Forex are always the most controversy. The biggest disagreement is probably clustered around the randomness in Forex...
I'm talking about randomness of price fluctuations on small Forex time frames, such as 5 minute, 1 minute and less.
Forex traders, wich I usually disagree with say that: "Price has no order on small time frames in Forex. It is simply the noise, chaos and randomness, which naive beginner traders fall in for and eventually lose their investments..."
Well, that's not true. I'm going to back up 1 minute and especially 5 minute time frame here, because I love trading them and haven't lost my account yet (this "opportunity" is so distant if you know how to scalp) and prove that there is no randomness in price movements on small time frames in Forex. Stay tuned.
Till the next post,
have a great Forex scalping day!
Like many serious traders I read about Forex and learn every day. The topics about scalping in Forex are always the most controversy. The biggest disagreement is probably clustered around the randomness in Forex...
I'm talking about randomness of price fluctuations on small Forex time frames, such as 5 minute, 1 minute and less.
Forex traders, wich I usually disagree with say that: "Price has no order on small time frames in Forex. It is simply the noise, chaos and randomness, which naive beginner traders fall in for and eventually lose their investments..."
Well, that's not true. I'm going to back up 1 minute and especially 5 minute time frame here, because I love trading them and haven't lost my account yet (this "opportunity" is so distant if you know how to scalp) and prove that there is no randomness in price movements on small time frames in Forex. Stay tuned.
Till the next post,
have a great Forex scalping day!
Saturday, September 29, 2007
Conclusion about Forex scalping
Scalping can be very profitable for traders who decide to use it as a primary strategy as well as for traders who will use it as additional supplementary method. Adhering to the fast exit methodology is the key point in making small profits compound into larger gains.
Short time exposure of the funds in the market in each trade and frequency of small moves are two major factors that have become the reason why Forex scalping has gained so much popularity among Forex traders.
It is possible indeed to make money with Forex scalping. However, to be successful a trader should have good trading strategy and also there should be a match between this type of strategy and trader’s own personal trading preferences.
Short time exposure of the funds in the market in each trade and frequency of small moves are two major factors that have become the reason why Forex scalping has gained so much popularity among Forex traders.
It is possible indeed to make money with Forex scalping. However, to be successful a trader should have good trading strategy and also there should be a match between this type of strategy and trader’s own personal trading preferences.
Monday, September 24, 2007
Cons of Forex Scalping
Among the strongest cons of Forex scalping is the fact that Forex brokers in their majority do not like scalpers. And, although Forex scalping is absolutely legal, a true Forex scalper can find him/herself “asked” to change a broker or change his/her trading habits to continue trading at current place.
These restrictions on scalping in Forex are posed because no brokers are willing to lose their additional profits which they make when traders happen to be in a losing position. Actually, there is kind of controversy here, because scalpers do make money for brokers, as each time trader enters a trade he pays the spread and only then starts earning money.
Additional cons of Forex Scalping lie in the fact that scalpers need to use higher leverage in order to make higher profits. However, this also means higher risks in trade.
Is Forex scalping so useless? No. There are serious pros which make it look very appealing to many Forex traders. In addition, for some traders it has become the only way to trade in Forex and make good profits.
These restrictions on scalping in Forex are posed because no brokers are willing to lose their additional profits which they make when traders happen to be in a losing position. Actually, there is kind of controversy here, because scalpers do make money for brokers, as each time trader enters a trade he pays the spread and only then starts earning money.
Additional cons of Forex Scalping lie in the fact that scalpers need to use higher leverage in order to make higher profits. However, this also means higher risks in trade.
Is Forex scalping so useless? No. There are serious pros which make it look very appealing to many Forex traders. In addition, for some traders it has become the only way to trade in Forex and make good profits.
Thursday, September 20, 2007
Google misterious indexing
It is funny... I saw my new Forex blog being finally indexed by Google couple of days ago. And now again, it disappeared despite my best attempts to obtain 2 permalinks and regularly post content to the blog. Hmmm...
(In case you wonder what I'm talking about, it is about this line you type in Google's search: site:forexminute.blogspot.com Then you will be able to see how many pages Google has indexed already if any).
It is very strange indexing behavior indeed assuming that Blogger.com belongs to Google. What else should their users do to please those web indexing robots?
(In case you wonder what I'm talking about, it is about this line you type in Google's search: site:forexminute.blogspot.com Then you will be able to see how many pages Google has indexed already if any).
It is very strange indexing behavior indeed assuming that Blogger.com belongs to Google. What else should their users do to please those web indexing robots?
Wednesday, September 19, 2007
Advantages of Scalping Forex
A good thing about Forex scalping is that it allows collecting small but constant profits every several minutes.
Such small profits do add up quickly, so while a day trader is waiting and hoping for his big win, a scalper already has profits on the table and moves on to collect further gains.
The main advantages of scalping are:
- Small price moves which are more frequent than larger ones; this enables scalpers to be constantly in trade. Even during “quiet market” there are many small movements which are enough for scalpers to make profits out of it.
- Smaller profits are easier to collect, eventually they sum up into a big one.
- Lessened exposure risk due to short time being in the market diminishes the probability of price turning against scalper before he collects profits.
Forex scalping is profitable for traders with the right approach!
Such small profits do add up quickly, so while a day trader is waiting and hoping for his big win, a scalper already has profits on the table and moves on to collect further gains.
The main advantages of scalping are:
- Small price moves which are more frequent than larger ones; this enables scalpers to be constantly in trade. Even during “quiet market” there are many small movements which are enough for scalpers to make profits out of it.
- Smaller profits are easier to collect, eventually they sum up into a big one.
- Lessened exposure risk due to short time being in the market diminishes the probability of price turning against scalper before he collects profits.
Forex scalping is profitable for traders with the right approach!
Tuesday, September 18, 2007
What is Forex Scalping?
Scalping in Forex is a trading style. Forex scalping is all about opening and closing positions in seconds or minutes at most once the trade brought some profits, usually about 2 to 5 pips. As Forex market price never stands still, there are always a way to earn on those constant price fluctuations.
Scalping can be adopted as a primary or supplementary style of trading. While scalping traders try to take as many small profits as possible before these profits “evaporate” and then traders move onto opening new trading positions.
Scalping results can be achieved only if a trader is ready to be constantly in trade and monitor all open positions closely. Scalping is indeed a hard work that involves a lot of concentration and fast decision making.
Scalping can be adopted as a primary or supplementary style of trading. While scalping traders try to take as many small profits as possible before these profits “evaporate” and then traders move onto opening new trading positions.
Scalping results can be achieved only if a trader is ready to be constantly in trade and monitor all open positions closely. Scalping is indeed a hard work that involves a lot of concentration and fast decision making.
Monday, September 17, 2007
Come on Google!
Come on Goooooogle,
Come and index my blog... :)
Waiting is boring. It seems to be true, you need 2 links pointing at you before Google Bot "eats" your content. Otherwise you are going to wait long...
Come and index my blog... :)
Waiting is boring. It seems to be true, you need 2 links pointing at you before Google Bot "eats" your content. Otherwise you are going to wait long...
Thursday, September 13, 2007
Forex minute trading blog
My blog will be just a way for me to share my thoughts about Forex trading.
I've been studying Forex for more than 2 years now and trading for 1 year.
I'm not the biggest dog out there, but I do a lot of work to become a successor one day and start making the real big money. Now consider me as a learner and explorer of the Forex world.
Join me from time to time to see what i have to say about Forex.
I've been studying Forex for more than 2 years now and trading for 1 year.
I'm not the biggest dog out there, but I do a lot of work to become a successor one day and start making the real big money. Now consider me as a learner and explorer of the Forex world.
Join me from time to time to see what i have to say about Forex.
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