welcome my friend to this video tutorial on forex scalping strategy and it's a
very very simple one I'm going to give you the simple basics and then I'll give
you a couple of extra details that may help you out to increase your win-loss
ratio on this now this is a Forex scalping strategy that works so therefore notice we're not
looking for a huge risk reward on it we are looking for a very very very good
win-loss ratio so we're now some of these will give you a pretty good risk
reward as well but that's not what we're looking for and don't plan out of so if
you get it great but again that's not our goal here alright so here's the
powder and it's pretty simple first of all you'll see that I've got Bollinger
Bands let me show you the indicators that I've got pull them up here for you
so that you can see make sure you get all this right so I've got Bollinger
Bands here and standard deviation of two period 20 and I don't use the middle
band so I've got that sent to transparent and instead the middle band
I like to use the 15 EMA and that'll be my black line all right so that's what
you'll see there and there we go alright now that you know the parameters so
here's what we're looking for the bottom line is we're looking for a bar to have
a real body outside of the Bollinger Bands with these settings okay and
that's going to be our signal for set up for a trade and then I'll show you where
I get into the trade so you see we get it going out here
none of these bars against the real body so it's not just the highs it's not just
the lows that's not we're looking for get off the real body in this case it's
just a doji in this case we've got an entire red real body outside here we
actually have a green body outside as well so I want to show you that comes in
a bit early there it doesn't it then we get a red bar
red bar with a real body so that's what we're looking for that's our signal but
not our trade we don't trade that bar all right so what do we trade well
here's what we trade we look for that up and then we go over here and we say
all right so we've got from the upper Bollinger Band of the lower and then we
wait for the market makes a little higher there and kind of go sideways
here and then at this next low it does not touch the lower Bollinger Band all
right so that is the that's where we would enter same here we get our little
pattern there outside the Bollinger Bands touches here does not touch here
so again we make a higher high basically we're looking for either a it could be a
little higher low equal low or a little bit of a lower low without touching the
Bollinger Bands I'll tell you my favorite is this kind where you actually
get a higher high and it does not touch the Bollinger Band but again it could be
any of those three you want basically a some sort of retest of that high some
sort of retest of that low and but the key is again it cannot touch the lower
Bollinger Band with the upper Bollinger Band depending on whether you're going
long or short all right now the other thing that I'll tell you is that it is a
high probability trade the further along in the move that it occurs so here we've
got this kind of moving here there there and then just there so if you wanted to
count this you could maybe count one two three that's kind of short worked out
grid though here we go one two three four five so that's even better in other
words I don't want to necessarily trade these if let's say for example we had a
candlestick realbody go outside the Bollinger Band right here
because that would just be when impulse move a single impulse move and the
principle here is the same as the trend is your friend until the end so the
longer the move continues the less likely it is to continue and therefore
this expanded or extended move is less likely to continue the longer the move
goes and that's the reason for that principle and then finally we want to
make sure that to the next tiger timeframe pull up your next area time
frame use some sort of momentum into cater whatever you use to confirming
your longer-term timeframe get for him with a shorter term okay so you see here
I'm using a five-minute chart you can use this in various time intervals if
you want I'm not saying there's any one particular one that's better than
another five minutes against them for just scalping looking for a few pips
here and there five 10 pips no no sometimes again you can get a lot I mean
this one worked really really well this turned out to be you know a lot better
than just a little scalp especially on a five-minute chart but this one no that
one turned out to be just a bit of a scalp and we would get out of that like
15 pips or so so but hey better than kick in the groin so that's that hey let
me show you one thing you want to avoid so here's an example where we just went
down you know with one single impulse move and we got a bar outside the
Bollinger Band so you know we would be let then looking to go long here but
we're not going to do that why because that's too early in the impulse move
down so that's an example of that illustration of why when you're early in
a new impulse move and then it's more likely for it to continue in with that
direction and so we don't train against it you don't want to treat against the
dominant energy of the market rule E in a new trend so if we're gonna trade
against the trend that which is really what this type of treating is then we
want to wait to where late in a trend the odds are better that we're going to
have success and the final filter that we want to avoid is when we get sideways
markets like this so even if I got a and I don't think there are any candlesticks
that completely go out no there aren't by the way just for clarity to this this
does not count what we need is the entire real body in other words the open
in the close below the lower Bollinger Band or above the upper Bollinger Band
so again I'm very clear about that but when we're in this kind
of market markets just kind of going sideways a slow volatility that's not
the type of action that we're looking for at all so in that type of market
condition I would just not do anything certainly wouldn't well it might do
something like a breakout trade or something like that but I'm not going to
trade this particular forex scalping strategy so and try it out and you can
combine this with other things like I said what I'm sharing with you is just a
very simple concept we're looking for in exhaustion of energy that's really the
principle behind this the mathematical principle as well as the mass ecology
principle is looking for an exhaustion of a market move and this is one way to
identify it with a rule-based approach and then you're welcome to combine any
other indicators chart patterns candlestick patterns and like I said the
next Tiger time frame to confirm it that you're currently using along with us so
if you found this helpful I feel free to leave a comment below if
you have any requests for future topics leave those comments below as well give
it a nice thumbs up that always encourages me that continue to create
more free tutorials for you and also sure it with others share good things
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you