My Scalp Trading Strategy: How It Works!

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Avatar for Eybyoung
2 years ago
Topics: Trading, Strategy

Disclaimer: All of this are based on my experiences, if you want to try the strategy do it at your own risk. Always DYOR and TAYOR! I am not financial advisor.

Scalping is collecting small gains despite the market is not making bigger price moves. Scalpers are doing a lot trade volume but not huge gains since we are only catching a few price movements in the market.

The strategy works fine with both BUY LONG and SHORT SELL, but remind you that you have to be quick on your entry and exit since 1m or 5m TF is a very volatile time frame.

BUY LONG POSITION

  • It is a position where traders believe or predict that the price of the coin will rise in value or trend will be bullish.

EMA Indicator appearance

If you want to scalp in buy long position make sure that EMA indicators look like the photo above. The three EMA's should be distant from each other and the direction will be heading upward. Just look at the arrow I draw above.

MACD Indicator appearance

MACD should appear like the photo above, the yellow line should be on top of the purple line with space not hugging each other like the one below the text on the photo. But it does not appear like that when the coin start going up, just look at the MACD of it is already kissing, and looks like they will cross in the next candle.

RSI Indicator Appearance

RSI should be like MACD the yellow line which is the RSI 13 is on top of the purple line the RSI 50 when you enter a buy long position. RSI works accurately how the candlestick moves than the MACD, so you can use the RSI to look for a nice exit.

Applying all the indicators in a chart

That should be the appearance of all the indicators if you wish to have a BUY position. Make sure that the EMA are distant from each other and heading upward, the reason why they should be distant from each other is the EMA3 will be your stop loss. Make sure that MACD is bullish, the yellow line above the pink line, while RSI 13 is above RSI 50.

The candle was circled above are the candles that are good for an entry position, MACD, and RSI already crossed.

You can make multiple entries as long as the indicators are present in the second chart you can enter twice those I put straight line will be your exit then you can have second entry, make sure that the candle does not touch with the EMA1(20) and the price correction candle did not touch the EMA3(100) then it's good to sign that the price will push another high.

Short SELL Position

  • A short sell position is an entry that traders believe the coin will drop in value or the trend will be bearish.

EMA Indicator Appearance

If EMA in buy long should head upward, EMA in short sell should be heading downward and also the distance from each other, just refer to the photo above how it looks like.

MACD Appearance

MACD should be like the photo above if you wish to enter a sell position, the pink line should cross or above the yellow line. But sometimes MACD is late but it's accurate, if RSI already below and MACD is just kissing it's already a good indication for price change trends.

RSI Indicator Appearance

RSI is very accurate to the candlestick movement, if you want to enter sell position RSI 13 which is the yellow line should be below the RSI 50 maroon line. RSI is much advance than MACD but sometimes it can lead to fake movements so better wait for MACD confirmation. RSI is best for an exit plan.

Applying all the short sell indicators in a chart

That is how it looks like when all indicators are applied in the chart, always make sure that the candlestick for your entry didn't touch the EMA1(20) anymore, because if you enter with the candle that still touching EMA1 it might be a fake movement and will suddenly rise of fall. Always enter a position in a confirmation candle.

🚧 Caution

DON'T EVER ENTER A TRADE when EMA is distorted, even ig the MACD and RSI is showing any indication of what trend it is. Do not gamble, you will end up losing your trade!

For Stoploss and TP

You can set your TP 2x higher or 1.5x higher on your entry price, while stop loss will be EMA3(100) or you can monitor the chart, if you are a scalper always monitor the chart.

Important keys to remember

  • Always make sure EMA is not distorted and distant from each other

  • MACD and RSI should coincidence with the trend shown by EMA

  • Always enter on the confirmation candle

  • Do not enter a position on a candle that is still touching EMA1(20)

  • Always stick to the strategy

  • Do not get FOMO, never enter a trade without the presence of the 3 main indicators

  • Do not enter when a confirmation candle is big, it will probably change direction after seconds as the buying or selling pressure is high.

  • Use stop loss and TP.

  • Strategy is working fine with 1m and 5m but I used 1m for quicker trades.

This is what I earned with the strategy, from $35 it became $213.42 but now it's only $30 left because I withdraw it for personal use and reasons, if you happen to read my noise. cash post. I will start from the beginning again with the strategy.

Related Articles:

Scalp Trading Strategy: Set Up

Things To Consider Before Applying My Scalping Strategy (Advise)

Important notice;

Please backtest, DYOR (do your research), and TAYOR (trade at your own risk). Do not blame me if ever the strategy does not work with you because probably, you missed some indicators to note before you enter a position. Don't ever blame me for your actions, I held no liability for it because I have done all the reminders before I tell you how it works! If the strategy does not work for you, better find another more profitable strategy, dyor, and keep learning!

Welcome to the trading journey!

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Avatar for Eybyoung
2 years ago
Topics: Trading, Strategy

Comments

Hanggang basa n lng muna aq..πŸ˜…

$ 0.00
2 years ago

Ohhhhh so this is it 😍 Imma try this haha

$ 0.00
2 years ago

nag nosebleed ako pero thank you po sa tips si save ko po to

$ 0.00
2 years ago

sinend ko sa kuya ko.sya nalng mag scalping..ahha di talaga ako confident sa mga ganito baka maubos funds ko

$ 0.00
2 years ago

Saang chart yan sis makikita. Tiningnan ko sa binance hindi ganyan ang hitsuraπŸ€”

Edited. Binance pala yan.. iisa ang line sa RSI ko taz walang EMAπŸ˜….

$ 0.00
2 years ago

E set mo yan basahin mo set up nasa baba link

$ 0.00
2 years ago

Ah ok... Tnx❣️

$ 0.00
2 years ago

Hay EMA nakakahilo ka! πŸ˜…πŸ€£πŸ€£πŸ€£ dlawang beses ko binasa nakakhilo talaga hahaha. Masave nga to.

$ 0.00
2 years ago

Hahahaha mahirap matutunan yan sa isang basahan lang πŸ˜‚

$ 0.00
2 years ago

Oo nga... Sinave ko taz inscreenshot ko..parA kahit offline pwede ulit basahin, πŸ˜…

$ 0.00
2 years ago

Nice strategy with accurate TA. πŸ‘Œβ€οΈ

$ 0.00
2 years ago

Thank you 😊

$ 0.00
2 years ago

Galing.. Btw, caption mo sa MAC sell photo is wrong πŸ˜… pink line above the yellow line.
Pro correct naman sa description below.

Anyway, i will save this and do backtest sa SG.

$ 0.00
2 years ago

Naku mali mali na hahaha nakakatamad kase mag edit nang mga yan πŸ˜‚yaan mo papalitan ko later. Need to recharge lang.

$ 0.00
2 years ago

Save ko muna to, bat parang nakakanhilo na nasa unahan palang lalo na yang si ema na iyan 😡.

Pero yang scalping if tama talaga prediction mo ang ganda nyan kay BCH gawin. Kasi kanina diba, I mean start pa kahapon biglang tataas at bababa si BCH, grabing laking gain nom if ever malaki leverage mo 😱, from $1025 to $960 real quick 😱. If natyempuhan mo ang gana nyan oii 😍🀩

$ 0.00
2 years ago

Oo timing din talaga ang scalping, lately wala ako sa timing nakalipad at nakababa na pag open ko binance kaurat πŸ˜‚

$ 0.00
2 years ago

Ehhh, need to rest din kasi. Ikaw na mismo nag sabi nyan ee. Rest muna oi at makipag play kay Partner, ay hindi pala dun pala kay Rayleigh ano ba kasi ahahaha.

$ 0.00
2 years ago

Bhe nanamnamin ko manga at baka matututo ako. Magloss pa lang kasi s trade ng alam ko e. Baka sakaling maggain ako para maiba naman 🀣🀣🀣

$ 0.00
2 years ago

Hahahhaa ako din nmn bhe may loss pa rin πŸ˜‚ hirap din talaga nang pinag gagawa natin namimigay pera sa binance πŸ˜‚

$ 0.00
2 years ago

Ahahahahaha natawa naman ako mag loss palang ang alam πŸ˜‚πŸ˜‚. Madam try mo sa SG.

$ 0.05
2 years ago

Antigas lasing ulo ko πŸ˜‚

$ 0.00
2 years ago

Ahahahaha, di na mawawala yan madam, kahit sakin nga ee ahahaha

$ 0.00
2 years ago