How to Catch 70pips in Live Trading Using Scalping Strategy
3Hi everyone, in this video I'm going to show you how to catch 70 pips daily scalping the market. First, you'll need to find a market trend. You can do this by looking at a longer timeframe chart, such as a daily or weekly chart. Once you've found the trend, you'll need to switch to a shorter timeframe chart, such as a 5-minute or 15-minute chart.
Now, you'll need to identify the market conditions. Is the market in a ranging market or a trending market? If it's in a ranging market, you'll need to look for a breakout. But if it's in a trending market, you can simply follow the trend.
Once you've identified the market conditions, it's time to enter a trade. For a long trade, you'll want to place a buy stop order just above the resistance level. And for a short trade, you'll want to place a sell stop order just below the support level.
Place your stop loss order at a level that gives the market room to move. And take profit at a level that you're comfortable with. I typically aim for 10-20 pips per trade.
And that's it! By following these simple steps, you can scalping the market for 70 pips every day.
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