What is the BEST Scalping strategy/study that has worked for you?

[IanBB]

What are the BEST Scalping studies that has worked for you?

 

[RDX17]

What are the BEST Scalping studies that has worked for you?

Hi Ian

Unfortunately, you are looking for the wrong thing. There is no one indicator that will be your solution for a 1 min / 5 min / any time frame. You will find this cliched line 'there is no holy grail' as far as indicators are concerned.

You will need to create your own system (group of indicators) for the type of product you trade (stocks penny/S&P/NQ/commodities) and marry them with potentially a multi time frame view. Then follow that with a process to define your entry strategy, size, scaling plan, tale profit level etc. and an exit plan including scaling out and stop loss.

All indicators are good and bad. the key also is to understand how to really read them. E.g. RSI which people look as an oversold overbought indicator and try to take reversals - is absolutely the wrong way to read RSI. I prefer to go long when RSI is going up and goes beyond the 60 level. Of course I do not do this in isolation and have a whole system to trade.

And no individual system can be 'in my opinion' be understood and executed well by any one other person but the person who designed the system. So my suggestion is, if you dont have your own system, start your R&D and make yours!!

 

[METAL]

I am curious as to what others are using so I can test and possibly apply to my own strat. Some indicators and strategies are better than others. Maybe someone will post a better scalping study/strategy that will possibly become part of "My Group". This may also help others to find a scalping strategy that works for them.

What is the best scalping strategy that you use? I think this will really help a lot of traders.

 

[MerryDay]

Scalpers are limited because most technical indicators are lagging; therefore not appropriate for scalping.
Scalpers use a combination of repainters and price action, read more:
https://usethinkscript.com/threads/price-action-toolbox-for-thinkorswim.10747/

Here are some more that can be used for confirmation:
https://usethinkscript.com/p/best-scalping-indicators-for-thinkorswim/

Here are all the Scalping Studies/Strategies on the forum (sorted by popularity):
https://usethinkscript.com/search/949385/?q=scalp*&t=post&c[child_nodes]=1&c[nodes][0]=3&c[nodes][1]=8&c[nodes][2]=5&c[title_only]=1&o=replies&g=1

 

[Goingdark365]

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