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BEST Scalping Trading Strategy For Beginners (How To Scalp Forex & Stock Market) - YouTube
Channel: The Secret Mindset
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hey guys in this video I will show you
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how I sculpt the markets using a simple
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energy setup strategy that helps me to
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spot high probability areas on a chart
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so scalping is basically a technique
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which involves opening and closing the
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trades in a very short period of time in
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order to obtain quick profits this
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trading method is based on opening
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trades and closing them with small
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profits on lower timeframes my scalping
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setup is based on finding confluence the
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confluence is an area with multiple
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support and resistance levels both
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static and dynamic a confluence of
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support or resistance is more relevant
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to traders as it includes two or more
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important focus points on the chart
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although it might seem complicated
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finding conference on the chart is not
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difficult you just have to train your
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eyes to spot chart areas where multiple
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levels meet finding confluence on your
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charts it's very important for scalping
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because these areas offer high
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probability trade opportunities before
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you continue with the scalping setup let
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me tell you something important finding
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confluence it's a quite subjective and
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is dependent on the trader skill
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experience and tools used on the chart
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my personal role is to find areas with
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at least two support and resistance
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levels one of them must be a static
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level in the other one a dynamic level
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so we need three confluence conditions
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to be met for our scalping strategy
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first we need an obvious area of support
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or resistance support and resistance is
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practically the foundation of technical
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analysis and these levels serve as a
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starting point for developing an idea of
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what may happen next in what concerns
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the price movement so we first look at
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recent market swings and try to spot
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areas of static support or resistance as
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a rule of thumb if the line includes
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three or more swing points it means that
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the support or resistance level is more
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relevant but drawing horizontal lines
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around recent market swings can be very
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subjective and in most cases we can
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usually only approximate
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those areas that's why we need to add
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something else for our scalping
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confluence set up the second conference
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condition involves the 200 EMA as a
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dynamic area of support and resistance I
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prefer to add the 200 EMA because as a
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dynamic area of support and resistance
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level is constantly changing depending
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on recent price action in the case of
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esthetic support or resistance level
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you already know at the beginning of the
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trading day where those levels are you
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know in advance where the possible areas
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of interest are located on the chart
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with dynamic support and resistance you
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don't know an exact number as these
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levels are changing depending on market
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fluctuations this is a good thing for
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our scalping setup because we can use
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both static and dynamic levels in our
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advantage so we add the 200 EMA and
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start searching for areas of confluence
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between the dynamic support and
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resistance and the static support and
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resistance our third component in our
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scalping setup is the stochastic used to
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pinpoint market entries the stochastic
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oscillator will help us to spot
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divergences on the chart if you are not
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familiar with divergences the divergence
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occurs when the price for a lower low
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while the stochastic forms a higher low
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indicating a possible buy or when prices
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form a higher high and the oscillator
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forms a lower high indicating a possible
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sell divergence occurs when the price
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action is different from the action of
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the stochastic oscillator when a
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divergence occurs a potential change in
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price direction could be on a course
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so now we have the full set up we are
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looking for confluence of dynamic and
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Static support and resistance levels
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respectively recent market swings and
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200 EMA and we pull the trigger if we
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spot a divergence on the stochastic
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oscillator let's see the scalping
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strategy in action in this chart we see
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this level of static support and
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resistance and here is the confluence
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area with the 200 EMA the dynamic
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support and resistance indicator so we
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have this potential area but we cannot
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enter the market blindly we need to
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confirm it with the stochastic we have a
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regular divergence and we also have a
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hidden divergence which is a more
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powerful set up all our conditions were
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met so after the crossover of the
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stochastic lines we can enter long on
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the market because we trade based on
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confluence the stop-loss order would be
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placed below the confluence area the
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profit target depends on your trading
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style and risk aversion you could aim
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for a two-to-one ratio or put your stop
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to break-even once in profit and write a
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risk free trade here's the same setup we
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have a confluence area between the
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recent market swings and the 200 EMA in
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the divergence on a stochastic
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oscillator if you incorporate also some
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price action techniques the scalping
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setup will become even more powerful
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look at the flag pattern developed which
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is another confirmation that a long
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position was the only alternative ensure
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positions were out of a question
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here we have a short scalping trade we
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have a clear resistance area right
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around here the 200 EMA serves as a
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dynamic area of support and resistance
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and around here we have our confluence
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area we have a hidden divergence on a
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stochastic and once the stochastic lines
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crossed we had the conformation we
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needed and the high probability trade
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was on the short side I know that there
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are some of you who are also trading on
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crypto markets I personally don't trade
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cryptocurrencies because I prefer to
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understand the fundamentals behind the
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market before I decide to put my money
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on it so I've not tested this copy
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strategy on crypto markets but you can
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back test it on demo account to see if
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it has potential on this Bitcoin chart I
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found the confluence pattern and the
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stochastic entry here but I am not
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familiar with the spreads on crypto
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markets so I cannot tell for sure if you
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can profit from it in the long run why I
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am talking about the spreads because of
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the nature of the scalping you need to
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trade only the instruments with the
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lowest spreads as a scalper by default
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you will use lower stop losses aiming
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for small profits the higher the spread
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the lower your stop-loss will become I
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personally never sculpt an instrument
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that has a spread higher than two points
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because the risk reward ratio is not
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worth it like I said before scalping may
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seem easy but is not if you want to make
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money from scalping it's imperative to
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have a disciplined approach to trading
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keep your price charts clean without
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plotting a lot of indicators and focus
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also on reading and understanding the
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price in order to increase your chances
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to sculpt the right way if you got any
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value from this please consider
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subscribing to our channel share and
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like this video as it will help us a lot
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in the future
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until next time
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