Scalping Forex with Camarilla pivots

Camarilla pivots or Camarilla equation method offers some new trading opportunity to Forex scalpers. Camarilla equation method is based on predefined support and resistance levels and has clear rules of where to enter, which way to enter, where place stops etc.

It looks this way:


The idea is that you are able to scalp counter trend whenever price hits Level 3. Remember to take small profits. But when price goes through Level 4 you scalp with a trend. Don't be greedy, take small profits there as well.

A bit more detailed explanation here: How to trade with Camarilla pivots.

After adding Camarilla pivots to your charts (mt4 indicator can also be downloaded from the source above), go to either 15 or 5 min or 1 min chart.
You'll notice that Camarilla pivots are not always obeyed by price. Don't worry. The main trick is not to hurry up with the entry, but rather wait for candlesticks to signal a reversal. Study some basic candlestick reversal formations if you need to.
This Candlestick reversal source may help.

Scalping with Camarilla is an option if you are up to trading a new Forex trading stuff.

As always, happy scalping!

Banks are biggest Forex scalpers

Yes, you heard it right. Banks are the most aggressive scalpers on the market that anyone else.

Just think about it, we are told that scalping is a wrong strategy, that there is so much noise in the market on small time frames that it is impossible to trade is profitably in the long run, that scalping never fits strict money management rules..

Yet, millions are spinning in the hands of skillful bankers, who enter and exit in a tight margin of few seconds, barely holding positions more than a minute.
Banks scalp heavily. Rear insiders, who saw banks' trading approach confirm in forums and private discussions that banks do scalp, and, in fact, scalping is the only strategy they use! Even when bank is losing they quickly pull all funds out and then look elsewhere for other profit opportunities to cover losses. Also banks always(!) get better quotes and thus are always few steps ahead of other Forex participants. In total sum, banks rarely lose!

Us, we struggle with long term investments, pay rollovers, get whipsaws, see winning positions turning into losers of becoming break even... Our trading experience is rich, what can we say.

Scalping is good! Not easy to master, but hard work pays of. Also among successors in Forex, there are lots of scalpers.

To successful scalping!

The best time to scalp in Forex

After studying market behaviour for a while I have noticed the time where scalping appears to be more successful.

The best time of the day to apply Scalping strategy in Forex is the opening of London session. Starting at 8:00am GMT and till 9:00am GMT Forex market appears to be more predictable, there are less whipsaws, price movements are more defined.

The two major European currency pairs - EUR/USD and GBP/USD are the perfect target for morning Forex scalping.

The opening of the London trading session is always busy, it brings a lot of participants to the market. During the first trading hour a prevailing trend is established. Quite often it is a continuation of the initial trend before 8 am.

Anyway, whatever direction Forex market chooses to trend in, it tends to follow it quite neatly for the whole hour - a perfect setup for scalping, there are often no whipsaws and a clear decent size price shifts.
All these conditions allow ideal profit potentials with minimum risks to Forex scalpers.

Good luck scalping!