Go Back   DailyFX Forex Forum | FX Forum

View Single Post
  #972 (permalink)  
Old 11-13-2009, 11:10 AM
leithtec leithtec is offline
Member
 
Join Date: Apr 2008
Posts: 487
leithtec is an unknown quantity at this point
Scalping on Volume

Quote:
Originally Posted by Sean Hyman View Post
See any short term scalping opportunities out there?

Would love to see what everyone is watching/scalping out there at the moment.
Sean ... my Posts on the USD/CAD Pair often refer to a Running Volume count on the 4H for my Weekly Swing Trading style ... one scalping method that I use however (usually on inside days for app 20 to 30 pips) involves observing the Volume on my 15 minute candles on breakouts or reversal formations within the most recent leaning of my 4H William's %R calculations ... larger Volume on a 15 min. Bar accompanying a reversal at the extremes within the 4H leaning is what I wait for ... FXAccucharts provides Volume just by clicking on any Bar at anytime ... this is a carryover for me from trading the Futures Markets ... I realize this style of Trading is involved ... and I must say that overall the accuracy and profit % remains consistent ... I couldn't Trade an other way.
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 11:06 PM.
Copyright ©2009 Daily FX. All Rights Reserved.