Comments on: My Forex Scalping System Revealed http://www.forexindicator.org/my-forex-scalping-system-revealed.html Best Online Forex Indicator Guide Sat, 28 Aug 2010 05:11:35 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Kelvin http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-634 Kelvin Wed, 14 Jul 2010 06:01:59 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-634 Hi Joe If you are not sure about the pivot point system, you can read up on it here http://www.forexindicator.org/forex-pivot-point-trading-tutorial.html Whether you are able to plot the pivot points or not depend on the trading system you are using. If your MT4 platform do not have the feature, you can do a manual plotting. All you need is to collect the previous day open, high, low and close value of the currency pair you are interested in and then plot it into a pivot point calculator which you can find easily online and it will automatically calculate the value of S1, S2, S3, Pivot, R1, R2 and R3 for you. Next you simply have to plot it on your trading platform and you are ready to use it. Hi Joe

If you are not sure about the pivot point system, you can read up on it here

http://www.forexindicator.org/forex-pivot-point-trading-tutorial.html

Whether you are able to plot the pivot points or not depend on the trading system you are using. If your MT4 platform do not have the feature, you can do a manual plotting. All you need is to collect the previous day open, high, low and close value of the currency pair you are interested in and then plot it into a pivot point calculator which you can find easily online and it will automatically calculate the value of S1, S2, S3, Pivot, R1, R2 and R3 for you.

Next you simply have to plot it on your trading platform and you are ready to use it.

]]> By: Kelvin http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-633 Kelvin Wed, 14 Jul 2010 05:50:51 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-633 Hi Boyxx If you are trading off the 5 minutes chart, the highest and lowest point will be from that particular chart. Usually I will take the A and B of the most recent major swing highs and lows, the best way to know if you have drawn the right fibonacci levels is to look at the price movement at the 0.618, 0.500 and 0.382 levels. If you see the price being support or resisted by these levels, you have drawn the right fibonacci levels. Hi Boyxx

If you are trading off the 5 minutes chart, the highest and lowest point will be from that particular chart. Usually I will take the A and B of the most recent major swing highs and lows, the best way to know if you have drawn the right fibonacci levels is to look at the price movement at the 0.618, 0.500 and 0.382 levels. If you see the price being support or resisted by these levels, you have drawn the right fibonacci levels.

]]> By: Boyxx http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-617 Boyxx Tue, 13 Jul 2010 03:17:43 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-617 Fibonacci 0.618, 0.5. 0.328 <<I>> where is point A ( highest point ) and where is point B ( lowest point ) A,B is the point of yesterday ? or ... please help thanks Fibonacci 0.618, 0.5. 0.328 <> where is point A ( highest point ) and where is point B ( lowest point )

A,B is the point of yesterday ? or …

please help

thanks

]]> By: Joe http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-602 Joe Mon, 12 Jul 2010 03:43:03 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-602 Kelvin, How do you plot a "Pivot Point?" I do not see that anywhere in the Metatrader 4 or any other platform..and what is S3, S2, S1, etc. Thanks for your help...Joe. Kelvin, How do you plot a “Pivot Point?” I do not see that anywhere in the Metatrader 4 or any other platform..and what is S3, S2, S1, etc. Thanks for your help…Joe.

]]> By: Kelvin http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-567 Kelvin Sun, 04 Jul 2010 12:42:13 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-567 Hi Sebastian If you are planing to be a scalper, you should be using the 15 minutes chart to have an understanding of the market trend and then move down to the 5 minute chart to do your analysis. Once you have identified a good trading opportunity, you should move down to the 1 minute chart to look for the best entry and exit position. Hi Sebastian

If you are planing to be a scalper, you should be using the 15 minutes chart to have an understanding of the market trend and then move down to the 5 minute chart to do your analysis. Once you have identified a good trading opportunity, you should move down to the 1 minute chart to look for the best entry and exit position.

]]> By: Kelvin http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-565 Kelvin Sun, 04 Jul 2010 12:38:57 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-565 Hi Giliam Thks for visiting my site. You are right to always understand the trend you are in before you enter any trade. Wish you all the best in your trading and hope to have you around here. Hi Giliam

Thks for visiting my site. You are right to always understand the trend you are in before you enter any trade. Wish you all the best in your trading and hope to have you around here.

]]> By: giliam http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-563 giliam Sun, 04 Jul 2010 09:15:23 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-563 I am just a small account short timeframe trader. I found your website the most true and honest forex site I have ever been on. I am gratefull that you are unselfishly sharing your vast knowledge and experience with us. I have already used some of your advice on the five and one minute timeframes, amazing stuff. I look all the time also at the higher timeframe(15 minute) to see if am with the trend. Thank you my friend. Giliam I am just a small account short timeframe trader. I found your website the most true and honest forex site I have ever been on. I am gratefull that you are unselfishly sharing your vast knowledge and experience with us. I have already used some of your advice on the five and one minute timeframes, amazing stuff. I look all the time also at the higher timeframe(15 minute) to see if am with the trend.
Thank you my friend. Giliam

]]> By: Sebastian Fook http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-553 Sebastian Fook Fri, 02 Jul 2010 00:37:07 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-553 what's the ideal time frame? what’s the ideal time frame?

]]> By: Kelvin http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-281 Kelvin Fri, 04 Jun 2010 07:42:35 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-281 Hi Alex Depending on the volatility of the currency pair you are trading, you should place your stop loss amount differently. If you are trading a low volatility pair, your stop loss can be 20 pips above a major resistance if you are in a short trade or 20 pips below a major support if you are in a long trade. If the currency pair you are trading is very volatile, the stop loss has to be higher as you need to give the market some space to move. Hi Alex

Depending on the volatility of the currency pair you are trading, you should place your stop loss amount differently. If you are trading a low volatility pair, your stop loss can be 20 pips above a major resistance if you are in a short trade or 20 pips below a major support if you are in a long trade.

If the currency pair you are trading is very volatile, the stop loss has to be higher as you need to give the market some space to move.

]]> By: Alex http://www.forexindicator.org/my-forex-scalping-system-revealed.html/comment-page-1#comment-261 Alex Wed, 02 Jun 2010 21:37:52 +0000 http://www.forexindicator.org/my-forex-scalping-system-revealed.html#comment-261 Hi, what is your stop loss with this scalping strategy? Thanks. Hi, what is your stop loss with this scalping strategy? Thanks.

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