Scalping is one of the popular strategy of Forex.
If you get big trend, even 1minite time frame chart, you have possibility of taking big profite.
but. Scalping is high risk tradeing methold.
The most important things about Scalping is ….
These 3pointo are most important when you trading Scalping
To get take profite,,,,,so you should better keep that in your mind.
and you will have good oppotiunity of taking profite.
How to taking profite about 3minite Scalping with 1minite time frame
This is 1minite time frame chart of EURJPY and this time, USAJPY was going up.
Crossing Yen is a pairs of currencies suitable for scalping.
Because. Crossing Yen is likly to be high Volatiliy….Therefore it is suitable for scalping.
( exsept USAJPY)
How to taking profite by 3minite Scalping with 1minite time frame
It is not so difficult…Just focus on price actin
Draw Surport and resistance line
There is many Surport line and Resistance line on the market…..
espesialy 1minite time fram chart, there is 3or 4 lines on the chart.
Traders, should pay attention to that always……
because Trand will be rebound or riverse, when candle sticks reach there.
(Not every time…but if you don’t know this..you should better to know it)
Find Reversal point
Reversal (Rebound) price is good entry pointo for Scalping, it is not only Scalping
but also Daliy forex tyrading…
because….Mostry Professional trader’s strategy is based on Reversal pattern.
That is why Reversal strategy is works well on the market. even short time fram like 1minite chart.
Focuce on the price action on the mrket
Please carefully look at the chart above…..
You can recognize the signal of reversal , before the candle sticks riverse
This is Bulish Patttern of Candle stick price action.. it is called Dragonfly Doji known as very famouse reversal pattern
Tat EURJPY chart also same pattern.
Candole Sticks Price fluctuates according to the market psychology of the market.
Traders should bettre to know daily market psychology always when you open chart
and finding entory point.