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i am scalping the opening hours, previous hour high or low break , 5 pip profit then out , since 6 months now and do very nice profit ,, 90% work, make 18 to 25 pip per day , some days not working so i cut the lose early and accept the game rules . thanks mark i develop my strategy from your ideas every time u give ideas i try to improve my strategy from that.
cutting loss- so important. even though this is also important when doing 'normal' (non-scalp) trades, not following this has led to undoing of day(s) of successful scalps. nothing worse after a nice run of small, but confidence-inspiring scalps to be undone by being loose with your stops.
Very interesting, I've always kept an eye on the levels but setting alerts and really focusing on them instead of following every move might be a very good idea for me. Gonna play around with it! Thanks!
Win, win, win.... having very good trades, then ... OMG! 😭Too late to look left! My bitter experience. The price had reached the previous day's low. My profit turned to a huge loss. Since then, I always try to identify scalper's paradise zone in advance. Setting alerts is really a good idea. Your video reminds me my bad old days.😓
I've got a question Mark. Do you mean the open and close of a particular market session, Eg: London session, or are you referring to the open and close, inclusive of all sessions?
Hey there, great video! For indices what you consider the close/opening? Stock hours or broker hours? I believe we should follow stock hours but having your opinion is important.
obviously youtube got offended by my last comment and offered me this one...I really do overcomplicate the things, this old video explained it to me...
I’m sorry to be so negative, but this stuff about the rhythm of price movement seems like magical thinking to me. When you describe watching price action near the highs or lows, seeing it peter out or speed up as the market approaches certain levels - how often do we see it push, then peter out, push, then peter out, then finally push through? How could you possibly know whether and when it would finally extend past a level?
Scalpers don’t mark previous highs and lows. Highs and lows are useless. Best to mark TPO value areas highs and lows. This is obvious to any professional trader. It sounds almost stupid to recommend marking highs and lows.
Most of the scalpers scalp momentum (i do too) so how do you teach algo to sence momo or to sence when momo is dryied up and time to get out? For me scalping is an art an algos are not a spoon for that mouth (my and only my point of view).
![How to Avoid Big Hits [LOSSES] As a Scalper! 😱](http://i.ytimg.com/vi/FGXRoQO9OlQ/mqdefault.jpg)
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
i am scalping the opening hours, previous hour high or low break , 5 pip profit then out , since 6 months now and do very nice profit ,, 90% work, make 18 to 25 pip per day , some days not working so i cut the lose early and accept the game rules . thanks mark i develop my strategy from your ideas every time u give ideas i try to improve my strategy from that.
Over trading and not cutting a trade without thought caught me today and undid two days profits. Always learning! Thanks for the tips on scalping.
cutting loss- so important. even though this is also important when doing 'normal' (non-scalp) trades, not following this has led to undoing of day(s) of successful scalps. nothing worse after a nice run of small, but confidence-inspiring scalps to be undone by being loose with your stops.
Always appreciate your short, precise and straight to the point videos....thanks for this tip.
Last point is so true. 1 loss will mess up a good week of work.
You are the best! I love you how more of a strategy you prepare the mindset. Brillant!
Very interesting, I've always kept an eye on the levels but setting alerts and really focusing on them instead of following every move might be a very good idea for me. Gonna play around with it! Thanks!
You are gold. One of the few who add true value to the community
Win, win, win.... having very good trades, then ... OMG! 😭Too late to look left! My bitter experience. The price had reached the previous day's low. My profit turned to a huge loss. Since then, I always try to identify scalper's paradise zone in advance. Setting alerts is really a good idea. Your video reminds me my bad old days.😓
I’m enjoy your videos... short and to the point ... I’m learning more in 10 minutes then an hr of who knows as I lost the idea... thanks so much
Very helpful advice, again, thank you Mark!
Very useful advice! Thanks a lot, mate!
such EXCELLENT advice, thanks for posting.
thank you Mike, I really appreciate your video
great stuff!
When do you set high and low of day ? After 30 min or market open?
Setting alerts are key to stay focused
Is Number 1 essentially the same as the "inside bar breakout" strategy?
I've got a question Mark.
Do you mean the open and close of a particular market session, Eg: London session, or are you referring to the open and close, inclusive of all sessions?
Great tips
Hey there, great video! For indices what you consider the close/opening? Stock hours or broker hours? I believe we should follow stock hours but having your opinion is important.
Mark, my man!!! I fucking love you!
Very basic question: how do you decide when to fade and when to expect an extension/continuation?
Check some of the material here ua-cam.com/users/ukspreadbettingsearch?query=when+to+fade+or+follow
obviously youtube got offended by my last comment and offered me this one...I really do overcomplicate the things, this old video explained it to me...
Outstanding video! Cheers!
That is trading simply. have an strategy and stay on that.
Thanks!
More scalping videos please
Great video
Great!
I’m sorry to be so negative, but this stuff about the rhythm of price movement seems like magical thinking to me. When you describe watching price action near the highs or lows, seeing it peter out or speed up as the market approaches certain levels - how often do we see it push, then peter out, push, then peter out, then finally push through? How could you possibly know whether and when it would finally extend past a level?
Sending this to Mark. He might well address this in a future video.
UKspreadbetting thank you
this guys extremely hard to understand but once you can understand him everything makes sense.
That is not scalping!! That is a valid day trade methodology, though.
Thats all i ever do is SCALP....lol
Scalpers don’t mark previous highs and lows. Highs and lows are useless. Best to mark TPO value areas highs and lows. This is obvious to any professional trader. It sounds almost stupid to recommend marking highs and lows.
Stay 2ned
You speak too fast ..wouldnt want to higjlight but may be others are ok.
I don't think scalping should be done manually. Algo would do better and faster than human.
Algo's don't have intuition
Most of the scalpers scalp momentum (i do too) so how do you teach algo to sence momo or to sence when momo is dryied up and time to get out? For me scalping is an art an algos are not a spoon for that mouth (my and only my point of view).
just put in yesterdays high, low and close YHLC take 2min manually or less
Great video