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Simple 1-Minute Forex Scalping Strategy: 3 EMA Scalping Trading Strategy (For Forex & Stock Trading) - YouTube
Channel: Financial Market Wizards
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scalping is probably one of the first things聽
that draw you to trading we're talking about聽聽
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fast action getting in and out and seeing聽
money flow into your account in a matter of聽聽
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minutes when it comes to scalping your goal is to聽
profit by trading an asset for a very short period聽聽
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and closing it for a small profit well it sounds聽
exciting you should be aware that this trading聽聽
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style will demand more time and concentration聽
and if you cannot dedicate time to this then聽聽
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this simple one-minute forex scalping strategy聽
might not be suitable for you we will be using聽聽
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three emas as part of our scoping trading聽
strategy and just in case you are new to聽聽
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trading ema refers to exponential moving averages聽
you might have heard of the simple moving average聽聽
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which gives you the market's general trend聽
an exponential moving average works the same聽聽
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except that it places more weight on the recent聽
price i have previously recorded a complete guide聽聽
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to the different kinds of moving averages so make聽
sure to watch that video after this this strategy聽聽
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involves using three different exponential moving聽
averages typically many traders use two or more聽聽
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moving averages to help them gain a better feel聽
of the market and gain a more precise entry聽聽
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and in this three ema scalping strategy we will聽
be doing the same we will be using the trail of聽聽
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moving averages to monitor the short medium and聽
long-term market trends now before i move on into聽聽
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the details of this strategy we are currently聽
doing a giveaway for our premium forex signals聽聽
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you have to look for an emoji in this video and聽
once you find that emoji comment below that emoji聽聽
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plus forex signals and you can potentially win聽
lifetime access to our premium forex signals聽聽
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we will announce the lucky winner in the聽
next video either in the video itself or聽聽
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the pin section of the comments make sure聽
you subscribe and hit the notification bell聽聽
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so you will know when the next video comes聽
out and whether you have one so right here聽聽
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we have a one minute chart of euro dollar with聽
the three exponential moving averages in place聽聽
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for this example i'm using the 20 50 and聽
100 period moving averages the 20 period聽聽
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gives me the short term trend the 50 period the聽
medium term trend and the 100 period the long term聽聽
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trend this is the period that i recommend but聽
feel free to adjust these values according to your聽聽
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trading style i prefer to use the longer term emas聽
because it will help you filter out market noises聽聽
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and provide more accurate signals you do not聽
need to stick to the periods i recommend try to聽聽
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understand the essence of this strategy and then聽
tweak it accordingly looking at the chart notice聽聽
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how price remains above all three emas and keeps聽
pushing higher the entire time if you pay close聽聽
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attention to the ema's slow you will also see that聽
the emes are tilted at about 40 degrees angle this聽聽
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is what we want to see a strong consensus among聽
the three emas all pointing at the same conclusion聽聽
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looking at another example over here we see that聽
price eventually broke the 20 period ema signaling聽聽
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short-term weakness however it bounced off聽
the 50-period ema before resuming the uptrend聽聽
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this confirms that the medium and long-term trend聽
is still intact until we see a break below the 100聽聽
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period ema it is safer to stay bullish and assume聽
that the bullish trend still prevails now let's go聽聽
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over a step-by-step guide on how to apply this聽
strategy the first thing we want to do when we聽聽
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look at the trap is to identify the main direction聽
ideally a scenario where all three emas are聽聽
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pointing in the same direction it will be ideal if聽
the ema slope is about 40 degrees anywhere between聽聽
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30 to 60 degrees is acceptable as well next we聽
need to wait for a pullback since we want to聽聽
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buy low and sell high or sell high and buy low our聽
goal is to enter into an existing trend at a good聽聽
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price any pullbacks to the first or second ema is聽
an opportunity to take advantage of the prevailing聽聽
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trend it inevitably causes you to buy聽
at a discount or sell at a premium聽聽
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by forcing yourself to take entries on the聽
ema's while sticking to the existing trend聽聽
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i hope you see the power of this strategy if you聽
apply it correctly so you identify the trend and聽聽
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the levels using the ema now you might be asking聽
how do we enter the trade and set any stop loss聽聽
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well you enter the trade when the price聽
closes above or below the 20 period ema聽聽
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or the fastest moving ema you are using if聽
the market is in an uptrend your entry will聽聽
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be triggered when the price closes above聽
the 20 period ema conversely if the market聽聽
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is in a downtrend your entry will be triggered聽
when the price closes below the 20 period ema聽聽
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you will place your stop-loss a couple of聽
pips below or above the recent swing point聽聽
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when it comes to trade management there are many聽
ways to do it you want to remember that you are聽聽
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scalping and therefore the room for error is very聽
small exceed a bit too late and it can mean the聽聽
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difference between having a winning or losing聽
trade the room forever is very small because聽聽
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you are looking for a small profits which happens聽
fast when scalping you want to move your stop-loss聽聽
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to break even as soon as possible to neutralize聽
your risk and while this might result in many聽聽
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break-even trades i think it is better to have聽
break-even trades than losing trades after all聽聽
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the market is always there for you to take another聽
trip here are some trade management tactics that聽聽
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you can deploy you can consider using a trolling聽
stop and write the trend until it reverses聽聽
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you can also keep it simple and set in a聽
fixed profit target of x pips you could聽聽
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also target the next support and resistance聽
level given by the market structure now i want聽聽
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to put the entire trading strategy together聽
and show you another example this chart here聽聽
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illustrates a currency pair that is trending we聽
see that all three emas are pointing downwards聽聽
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with a sloping angle of about 40 degrees next聽
we identify a pullback here where price breaks聽聽
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above the 20 period ema we need a trigger to tell聽
us that the market is ready to fall further when聽聽
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the price eventually closes below the 20 period聽
ema here this is our entry trigger the stop loss聽聽
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will be above the high of the bar that tested the聽
ema sounds simple well it should be here's another聽聽
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example for you to look at we have the aussie聽
dollar which is trending up we see that all three聽聽
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emas are pointing up and we want to trade people聽
back price pulls back to the 50 period ema before聽聽
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bouncing we wait patiently for the price to聽
return above the 20 period ema and that's our聽聽
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entry trigger right there we set in our stop loss聽
at the recent low and voila this is how we treat聽聽
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this simple one minute forex scalping strategy聽
before i end off this video i want to share some聽聽
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important insights about scalping because scalping聽
involves using high leverage and making decisions聽聽
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fast it is very easy to become euphoric and聽
when emotions go up intelligence goes down聽聽
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and discipline goes out of the window scalpers on聽
a winning streak may see themselves as invincible聽聽
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and start over trading thinking they can do no聽
wrong and as a result they enter a big trade聽聽
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that wipes out all their previous gains and聽
sometimes even their entire trading account聽聽
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another thing you want to understand about聽
scalping is that it has a bad reward to risk聽聽
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ratio coupled with the spreads and commissions you聽
pay the margin for error is very thin you might聽聽
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gain a few pips here and there but still lose聽
money because of the spread and commission suppose聽聽
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you have a 10 pip gain but you are paying a spread聽
of 2 pips that's a 20 reduction in your profits聽聽
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contrast this to the swing trader who banks 100聽
pips and still pays the same two pips in spread聽聽
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that's a small two percent to sum up this video聽
scalping isn't for everyone it demands more聽聽
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screen time and intense concentration聽
however if you still decide to scout聽聽
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make sure to look out for the three emas ensure聽
that they are aligned and wait for price to break聽聽
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above or below the fastest moving ema to enter聽
a trade i hope you learned something useful聽聽
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from this video please leave a comment below聽
and let me know what your biggest takeaway聽聽
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was leave this video a like to show your support聽
subscribe to this channel and hit the notification聽聽
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bell so i can help you become a better trader聽
i have also prepared a free day trading guide聽聽
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which you can download via the link in the聽
description below see you in the next video
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