|
|
| Discuss Scalping Strategies at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hey all, a any scalpers out here? any body who actually risks their capital on ... |
|
|||||||
| Technical Analysis Discussion of all the principles involved in technical analysis. |
 |
|
|
Thread Tools |
|
#1
13th April 2009, 05:18 PM
|
|||
|
|||
Scalping Strategies
hey all, a any scalpers out here? any body who actually risks their capital on a one minute chart for NIFTY or cash or futures segment... just wanna knw the views n success rate of such successful scalpers out here.... coz m plannin to start scalping on nifty...the reason m askin is coz i have never traded in futures segment of indian stock market n dont knw how the intraday futures market wrk... m not interested to hold overnite positons... nd at present scalping seems to be the best trading technique in my mind... i have been practising scalping on FX market for more than 3 weeks now and the result is all positive...  was also wondering if anybody out here actually hedge their portfolios... replies awaited... P.S: just awaiting replies from ppl who have actually tried or tested scalping...or are in a process to develop scalping systems and strategies... inexperienced members in theis field plz do not tell me how risky it can be or post me links tellin me disadvantages of scalping...
|
| The Following User Says Thank You to suchit_bhatia For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
| Sponsored Links |
|
#2
13th April 2009, 07:14 PM
|
||||
|
||||
|
Re: Scapling Strategies
Thanks for initiation Suchit.
Let us wait for people.
|
| The Following User Says Thank You to gsalvadi For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
|
#3
13th April 2009, 08:50 PM
|
|||
|
|||
|
Re: Scapling Strategies
scalping is an excellent way to make money, but at least for me, I cannot increase qty beyond a certain level.......
whereas intraday trading, like maybe 1 or 2 trades a day, I can commit better qty.... as for overnight holdings, its a strict no no for me.
|
| The Following User Says Thank You to oldnewbie12345 For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
|
#4
13th April 2009, 08:57 PM
|
|||
|
|||
|
Re: Scapling Strategies
@ gsalvadi
thnx bro.. lets see how far we get in this thread...  @ oldnewbie can u share ur scalping experience... well i just spoke to a reputed fx trader who tried scalping in indian markets which unfortunately din work for him.. the reason was poor delivery of RT quotes to the terminal.. he says even the real time quotes are not real with the best of the service in india.. they are delayed and by the time u exit ur position, the trade is booked at a price different then wat u see n at the end of d trade u realise the profit booked was sufficient enuf only to pay d brokerage... how true is his sayin abt RT quotes? comments plz..
|
| The Following User Says Thank You to suchit_bhatia For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
|
#5
14th April 2009, 11:45 AM
|
|||
|
|||
|
Re: Scapling Strategies
Earlier trader111 had started a thread named Scalper's Forum where he had discussed scalping. There were some examples of the Indian market, though most charts were from foreign markets. You can look up that thread.
Laksh
|
| The Following User Says Thank You to Laksh For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
|
#6
15th April 2009, 03:37 AM
|
|||
|
|||
|
Re: Scapling Strategies
Quote:
Hmmm , i do more on 5 mins charts. Typically do a range/chanell breakout strategy on stocks (no futures for me!)
|
| The Following User Says Thank You to stumper For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
|
#7
7th May 2009, 08:39 PM
|
|||
|
|||
|
Re: Scapling Strategies
Quote:
My strategy is : I scalp based on one minute chart, ( 5 m and 15 m charts for conformation of trend), using Bollinger Band [ 20, 2 ] and RSI [ 13 ] overlaid by RSI [3]. Methodology : If the candle is near the upper BB, I watch RSI, whether the cross-over is visible [3m going below 13m]. If so, I verify 5m and 15m chart for conformation, whether showing downwards move. If the next candle is formed below the candle close to upper BB, I go short and wait till the next cross-over shows or the candle touches the lower BB and turns upwards. When the higher candle close to lower BB is noticed, I square off my position and take whatever the point is gained. While scalping, you should be very fast in taking decisions based on the rules you adhere. Some times, the candles touch the middle BB and take an upward move. Then I place a S/L at the high of the first candle touching the upper BB [ based on which I shorted] + a filter of 2 or 3 points. If it raises and S/L is triggered, ofcourse, I loose some points. If the candle is near the lower BB, on watching the reverse of the above method, I go long and scalp when it touches the upper BB and turns down. This way, I scalp as and when things are in my favour. Unless otherwise something changes the normal trading, this method works perfectly and gainfully. I'm not counting how much I am paying towards brokerage and tax. I get satisfied with what I get after deducting the above. Wishing you happy and profitable trading, dayder.
|
| The Following 11 Users Say Thank You to dayder For This Useful Post: | ||
anmolghatak (3rd January 2010), AW10 (7th May 2009), columbus (8th May 2009), gsalvadi (7th May 2009), knarendra (13th May 2009), mohhnow (1st January 2010), Nava (15th May 2009), nilesh mishra (4th August 2010), santhosh44 (16th May 2009), santoshkj (23rd December 2009), veekay304 (22nd December 2009) | ||
|
#8
7th May 2009, 09:17 PM
|
||||
|
||||
|
Re: Scapling Strategies
In my experience, scalping on momentum work wonders. It is almost of very low risk. I use to have 5min candle and waiting on choppy consolidation, traders' paradise.
I strictly use 5 min candles for the reason that I could see not only the movement, the "momentum" too. A fierce move on 5 min candle is more valid than on 1 or 3 min. Keep moving your trailing stop very tight..you are done. I have not used any other indicator so far. The thing is, you have to sit and watch. But worth doing. more than 60% of price movement happens in momentums.
|
| The Following User Says Thank You to gsalvadi For This Useful Post: | ||
anmolghatak (3rd January 2010) | ||
|
#9
7th May 2009, 10:16 PM
|
|||
|
|||
|
Re: Scapling Strategies
I was thinking that scalp traders
- execute many trades in a day (in few 10s atleast), - they have small losses, and most of the trades are breakever to small profit in few points, - use orderflow and price actoin to find the opportunities.. rather then technical indicators - use tick chart, time & sales data etc as tools - they thrive on the expectancy of their system and hardly have any loosing day I might be wrong in carrying the impression of what is called scalp trading (certianly it is not my cup of tea or pint of beer).. It seems that what daydr / gsalvadi has mentioned is short term daytrading where timeframe is 1m or 5m chart. Happy Trading / Scalping.
|
| The Following 4 Users Say Thank You to AW10 For This Useful Post: | ||
anmolghatak (3rd January 2010), atulaw (6th December 2009), mohhnow (1st January 2010), rajatheroyal (25th December 2009) | ||
|
#10
7th May 2009, 11:08 PM
|
||||
|
||||
|
Re: Scapling Strategies
Quote:
 I fail to see a 10 second trade when I was busy in altering my trailing stops, not considering pull backs, pivots...could be safely called scalping. IMO, scalpers do lot of trades ( in fact 10 trades is nothing for scalpers), just because their profits are small. Secondly, scalpers have an advantage of not doing home work, not using technical indicators...they are said to be mere masters of order flow. Thought these are on game, Would it be a short-term day trading???? May be safely called momentum trading. Besides these things, traders don't name them. It is the job of authors EDIT : It is a fact that every trader scalps and gambles at times, unknowingly at some point Last edited by gsalvadi; 7th May 2009 at 11:19 PM.
|
| The Following 2 Users Say Thank You to gsalvadi For This Useful Post: | ||
anmolghatak (3rd January 2010), AW10 (8th May 2009) | ||
|
| Bookmarks |
| Tags |
| scalping |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum/site.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
