• Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In
Trade The FifthTrade The Fifth
  • Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In

Blog

Home » Is Scalping a Way to Survive High Volatility?

Is Scalping a Way to Survive High Volatility?

  • Posted by Paul
  • Categories Blog, Education
  • Date March 21, 2020
  • Comments 0 comment
11 shares
  • Share
  • Tweet
  • LinkedIn
  • Reddit
  • WhatsApp

Is Scalping a Way to Survive High Volatility?

During the current COVID19, the High Volatility can make many instruments un-tradeable as where a trader would normally place a Stop means, generally a massive risk. Lots of traders are wiping out their accounts or the sensible ones are not trading or trying to find a trading strategy with less risk.  Going down to smaller time frames and scalping can be a safer option with forex, futures, indices and commodities during this time.  The downside is traders could have a large loss that wipes out all the small gains. BUT traders need a strict strategy to enter and exit trades with a set of rules that are simple and repeatable. (Please click on all chart images below to enlarge and open in a new tab)

Our Roller Coaster Indicator Suite for Major Trading Platform gives just that! A simple and repeatable strategy with entry Stop loss and Trailing stop positions.  The Basics of this strategy can be learned >>HERE<<

Finding The Groove

image of roller coaster in the groove haderI recently wrote an article on “Finding the groove”, which discussed finding the time for each Currency Pair, Index or Commodity that is responding to our Roller Coaster Indicator Suite. A great deal of the examples were on higher time frames, like 1Hr, 4Hr and Daily. I also discussed Risk to Reward and Risk Management with a view of lot size.

But What about Scalping?

Where is the groove and what times of the day have the best Groove?

Once our Roller Coaster is loaded up, you will need to “LOOK LEFT”, But only a couple of days!  It’s important to understand how an instrument is behaving over the last couple of days on the 1 minute, 3 minute and 5-minute time-frames.  Look for the Groove with our Roller Coaster! And of Course what time of the trading day gives the best results…..

PLEASE ALSO NOTE any major data points that affect a particular instrument by using an Economic Calendar – Be Safe and stay clear of Data points!

What’s a Bad Groove?

The Chart Below is the EURUSD on the minute time-frame around the European Close and through to the European open.  As you can see in that period between European trading hours, this Currency Pair on the 5 minute had a 50% win rate with our Roller Coaster.  The wins weren’t large and Basically there is “No Groove”
image of EURUSD bad scalping groove

What’s a Good Groove?

The Chart Below is of the USDJPY on the 1 minute timeframe Between 10am and midday (European Time). 100% win rate, great moves up and down using our Roller Coaster Indicator Suite for the MT4 Platform – Now that Our Roller Coaster Groove You are looking for!! Remember only look back to previous two days on any instrument to find something in the groove….image of USDJPY good scalping groove chart

 

It’s Not Just Forex!

The Chart Below is GER30 or DAX on the 5 minute time frame over the prescribed 2 day look back period.  Great 77% win rate with our Roller Coaster indicator suite and in the Scalping Groove. Earn what time of the day the failures were and also was there major data during that time! For Example the failure on March 18 was due to Major European Data on Trade Balance, Consumer Price Index at 10am European Time and then Germany 30Y Bond Auction at 10.30am European time.  Learn the lesson and Don’t Trade Roller Coaster around this data!

image of DAX Chart in the scalping groove

Learn From Behaviour

From the example above we can learn from market behaviour to Data and Learn “When Not To Trade”.  When using our Roller Coaster, it is as Important to find the Groove as it is to find why the failures occur when we “Look Left”.  This could be said for any trading strategy BUT do we all use this standard approach when trading? As I always say:

“Our Job as a Serious Trader, is to find Reasons

NOT TO GET IN A TRADE!”

Once you have filtered the trading opportunity and you CAN’T find a reason NOT TO Trade then MAKE the Trade.  This is much easier when using our Roller Coaster Indicator Suite as we give you the entry, stop and even give you the trailing stop positions to manage the trade. Watch the Training Video for the Roller Coaster >>HERE<<  – Just remember to find the Scalping Groove for the instruments you want to trade with it……

Scalping, Trading Software, Trading Webinars

Tag:MT4, Roller Coaster, Scalping, TradingView

  • Share:
User Avatar
Paul
Paul Bratby is the CEO and founder of Trade The Fifth, an Elliott Wave program designed to educate traders and investors on the financial markets so they can take responsibility for their own portfolios and trading accounts by learning how to ride the profitable Fifth Wave setup. Paul started in the business over 14 years ago, and combined his career as an Engineer along with his Military Mindset to develop a repeatable trading and investing strategy that he has used to manage 8-figure accounts.

Previous post

Roller Coaster - Live Webinar Recording (19 March 2020)
March 21, 2020

Next post

TradeTheFifth & TradingView Weekly Seminar Recording (25 March 2020)
March 26, 2020

You may also like

?Potential Long SwingTrading Opportunity on $W Wafair Inc
19 January, 2021

Brief video setting up a potential Long Swingtrading opportunity on the Wayfair Inc Stock using our Elliottwave Indicator suite

?Elliottwave indicator suite calculates and prints the elliottwave count
16 December, 2020

Quick video to show how our Elliottwave indicator suite calculates and prints the elliottwave count, the probability pullback zones and the automated 5th wave target zone..

image of tradingview stocks swing trading chart trade management
Trade Management for Stocks Swing Trading
9 July, 2020

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Blog
  • Daily Videos
  • Education
  • Trading Journals
  • TradingView
  • Uncategorized
  • Videos
  • Webinars

Archives

Trade The Fifth Logo

USA Office: 19 W 34th Street, Suite 1018,
New York, NY 10001
US Phone: +1 (415) 992-7787

Ireland Office: Unit 3D, North Point House,
North Point Business Park, New Mallow Road,
Cork, T23AT2P, Ireland

Copyright © 2021

Learn More

  • Trade Ideas
  • Contact Us
  • About Us

Legal

  • Privacy Policy
  • Terms of Service

Latest Tweets

Tweets by tradethefifth

Swing trading, Day trading, short-term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. All trading operations involve serious risks, and you can lose your entire investment. No trades are recommendations or advice and we cannot be sued for losses of capital. All trades are for educational purposes only. Contact your broker or RIA for execution, margin, and other capital requirements. All users and viewers of wave5trade.com adhere to ALL terms of service on www.tradethefifth.com

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Past performance is not necessarily indicative of future results.

Testimonial Disclosure:  Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Trade The Fifth