Dear Traders,submitted by Horizon_Trading to u/Horizon_Trading [link] [comments]
My name is Ludovico and I am an associate of Horizon Trading team. Today, I would like to share with you a scalping technique that will give you an advantage in following price action fluctuations. Most importantly, this article will focus on fast timeframes trading tactics, how to spot important key levels and trigger your positions.
So, do scalping and price action go well together?
Considering that price action aims to predict what price is doing right now and where is heading, fast mindset and quick analysis become crucial; scalp trading is about the same thing. A scalp trade will take approximately 1 to 30 minutes, so to be effective and consistent in this discipline one must be reacting rapidly to price movements. Therefore, scalp requires quick analysis, quick responses and quick decisions, and at its core there is price action, which as well is all about speed and efficiency.
Now let s move on today’s topic on how to steadily understand fast trading potential earning set ups and to become a killer scalper.
What is scalping trading?Scalping is a trading style that specialize in profiting off small price changes. It requires high level of concentration, because, due to its speed, a trader must have a strict entry exit strategy, otherwise one large loss could cancel all the many small gains in a blink of an eye.
The main features of scalping are:
Less exposure, lesser risk: A smaller exposure to price fluctuation will reduce the odds to run into adverse events.
Smaller moves are easier to forecast: Because like every market forex works on principles of supply and demands, a higher imbalance is needed to generate bigger price changes.
Smaller fluctuations are more regular than wider ones: Even in days when markets tend to less volatile, working with smaller timeframes such as (M1, M5, M15 & M30) will still grant chance of earning more frequently.
While swing trading relies on big price moves, therefore aiming for long trend following a scalper will trade that fluctuation continuously. Price action comes into play here, a solid scalp trader must be very aware of level of support and resistance and when the price could bounce off.
See image Below:
Figure 1: Support & Resistance, XAUUSD, M1, (23rd July 2019
In order to better find these areas a comparison between timeframes is necessary considering that is always advantageous to highlights the most recent zones of support & resistance (2 to 5 previous days)
Once understanding levels strategy become easier to follow, let’s find out.
Simple scalping and Horizon X scalping patternWhen trading trends continuously, important is to gauge market signals which indicate the trend is strong, opening to new potential earning scenarios for investors. When noticing price is coming back to retest important key levels forming pullbacks, a trader should always look out for entry-points.
Scalping pullbacksScalp traders must focus on key resistance and support level to find entry point while trading pullbacks. Here at Trading Academy we developed a system, based on fast moving price action that will enable traders to have successful daily session.
We based our method on understanding where big money players come into action and by following their liquidity volume open winning positions. Horizon X is based on several scalping price patterns which find their fundamentals in risk and money management, key levels and entry points.
See image below:
Figure 2:Scalp trading pullbacks, XAUUSD, M1, (23rd July 2019)
In the picture above I highlight the principle of trading pullbacks in M1 timeframe, this method relies on entering the market in specific hot spot key levels. Even though many traders globally do not take into consideration risk management, our vision is that while scalp trade, investors should follow clear objective rules to be effective, here is one of our coral patterns and its trade management rules.
Horizon X Pattern #3This pattern aims to gauge momentums, big money players moves, consisting in fast formation of large body candle sticks (black bearish/white bullish)
Figure3: Pattern #3 configuration
To be formed Pattern #3 require several steps to be accomplished by the market before we can enter our position with confidence:
Entering the marketPattern #3 can be traded by entering the market within the retesting price area at consolidation level, however the tactics would be based more on aggressivity of trader personality and behaviour. In this booklet we will describe the most commonly used one.
Entering in consolidation structure
Market needs more liquidity for further movement and is going deeper toward the structure taking stop losses of weak traders. Smarter investors, however, use these stop losses for their position gaining, entering the market when a fractal is formed.
See image below:
Figure 4: Pattern #3, entering market at consolidation structure, USDCHF H1 (22nd July 2019)
Entering at consolidation boarder
Price touches edges of consolidation and starts to reverse. We would like to open position when fractal is formed.
See image below:
Figure 5: Pattern #3, market entry at consolidation border, GBPUSD M1 (14th Mar 2019)
See image below:
Figure 6: Pattern #3, market entry after false break out, GBPUSD M1 (6th June 2019)
Trade ManagementSimilarly, we can use 4 elementary exit strategies of our Horizon X Pattern #3.
Forex trading with fractals - How to use fractals in Forex +65 3159 3652 . English Русский Indonesia 简体中文 ... represent the powerful tool of a technical analysis and can be the basis of constructing the steadily profitable system. Back to list of articles. Read more. 03:21 27.06.2016. Fibonacci Forex Strategy. 02:07 08.06.2016. Best Swing Trading Strategies . 07:12 25.05.2016 ... It is from this idea that he generated the trading strategy based on the fractals theory. Since then, the strategy has been used by major players in the stock commodity and Forex markets with great success. Application of fractals in Forex trading. In the Forex market, fractals are determined by 5 or more candles in a particular pattern. If the ... Practical example of forex trading based on fractals. In math, fractals are infinitely complex patterns that are self-similar across different scales. Each part of this pattern repeats the whole formation. In trading, fractals are indicators on candlestick charts that identify reversal points in the market. A fractal is a pattern that is a price extreme featured in the period of five and more ... Williams’ fractal strategy is based on working out of the two signals from this scheme of fractals and balance lines. After the first opening on the fractal signals, the volume can be added to the position after the appearance of an additional signal of the remaining three dimensions. This makes it possible to take the maximum profit from any trend movement. The principle of operation of the ... Forex Fractal Strategy. The chart above gives you a very good idea of emerging patterns clearly visible for trades in the EUR/USD forex pair. Forex fractal strategy first came on to the forefront thanks to the efforts of Bill Williams who had a number of indicators as a part of his overall trading system, one of which was the Fractal Technical Indicator. 113# Koala Forex System; 114# 30 min strategy; 115# Heiken Ashi Technique; 116# Trendline Forex Entry Signal, Two High Probability Setups; 117# Trendline System; 118# Simple MA+MACD ; 119# Sperandeo Victor, Trendline Method; 120# Trading System, EMA RSI Trend; 121# Ichimoku Kinko Hyo Forex Strategy; 122# 15 min MTF; 123# ADX trading System; 124# Braydensgrail; 125# THE GMMA – BUBBLE TRADING ... Fractals - an indicator introduced by Bill Williams. Simple and versatile, fractals can be used as a stand-alone indicator or in combination with other Forex indicators. Bill Williams also gives us his approach to using fractals in trading, which we are going to highlight here as well. Using fractals in Forex trading can be applied to a breakout, swing trading and trend following strategies. How do fractals work in trading? Fractals are indicators on candlestick charts that identify reversal points in the market. Traders often use fractals to get an idea about the direction in which the price will develop. A fractal will form when a particular price pattern happens on a ... Fractals used in forex trading may show the same form at every size scale,.find eamt automated forex trading system software downloads at cnet download, the most comprehensive source for safe, trusted, and spyware free downloads on the web.quickly find and trade fractal retracements.cerchi forex.click here to download the simple forex fractals trading strategy.3 use.trade the forex market risk ... Fractals could be added to the strategy: the trader only takes trades if a fractal reversal occurs near the 61.8% retracement, with all the other conditions being met. The chart below shows this ...
[index]          
Best Forex Trading System - Part 4.4 - Critical Study of SR Fractals and FX Flows Today we discuss how to line up multiple time frames within your forex trading plan. We then discuss how to choose the correct currency pair to trade using a quick relative strength exercise ... This video, presented by Mark Thomas from TradeOnTrack.com, describes the design of a trailing stop system which is based on fractals. It is useful when trading the forex markets using any trend ... Hello friends today video's is a amazing trading system (fractal alligator trading system) In this system required two indicator combination fractal & alliga... Great RSI and envelopes trading system ... Fractal Based Support and Resistance Trading.mp4 - Duration: 9:52. ChaosTrader63 43,969 views. 9:52. Price trap - aggressive and profitable forex ... Fractal Based Support and Resistance Trading ... Simple Trading System-Moving Average Crossover That Works.avi - Duration: 6:26. Brandt Hackney 49,113 views. 6:26. win forex with fractal strategy ... Guide Channel and provide the tools and trade forex systems, binary option. Keeping the channels of the financial news and gather the knowledge related to financial investors have good knowledge ...