Best strategy for peeling: the simple strategy for peeling

Thanks for coming in! We have had many requests over the years for the best sharpening strategy. We decided to get on board and give you an easy downsizing technique. We think this is the best scalping system you can find. The strategy is called The Triples S or (Simple Scalping Strategy). The Triple S is easy to learn. With practice, it will become a great addition to your weight loss strategy. It may even be the best exfoliation method. This strategy is included in our Best Trading Strategy Series. We created this series to help traders be successful.

While many of our favorite strategies focus on maximizing your potential for large profits, scalping focuses on finding many small profits in a short amount of time. Rather than concentrating on the quality of trades, scalpers are much more concerned with quantity.

What is Scalping?

Scalpers can make thousands of trades within a given trading period. There are three characteristics of scalping strategies: short positions, small profit margins and high leverage levels. Scalpers aim to target price gaps and other short-term “loopholes” that allow them to quickly take a large position for profit.

To find the opportunities for downsizing, you need to start with some important technical indicators. These indicators can help you determine when the short-term price gaps are likely to occur.

Because scalpers focus on short-term positions with a low profit margin, the best scalping strategies (such as the Triple S strategy mentioned below) involve some leverage. It is recommended that scalpers start with a large amount of capital. By opening and closing larger positions, you can reduce the marginal cost of trading and maximize potential profits.

The Simple Scalping Strategy is designed exclusively for scalping. You can try it on a 1 or 4 hour time card. Feel free to try it out and let us know how it works by commenting below!

We feel that it works best with the 5 minute and 15 minute time chart. You can try it with a 1 minute scalping strategy. However, we focus on M5 and M15 cards.

This is a highly profitable forex scalping strategy that uses a very accurate scalping indicator.

The simple scalping strategy uses the volume indicator along with the price action analysis.

Let’s talk a little about this indicator, shall we?

What is the Volume Indicator for Forex? How does it work?

To start, it looks like this:

The volume indicator can be interpreted as the ‘fuel tank of the main trading machine’. Some argue that the volume indicator cannot be used to trade in the forex market. This is because there is no ‘central exchange’; how can it be read effectively? Another argument is that the volume you see for Forex is the “Tick” volume that occurs. This means you don’t see the entire volume being traded at the time like you would with stocks.

The tick volume is measured by how much the price is marked “up” or “down” in that particular candlestick. The more people come in at the moment, the longer the volume line gets. This is because there will be a greater movement in price action with all the entry orders coming in. So it makes sense that the volume indicator is very accurate in the first place, and that it is not an actual delay. It shows you what the price action is currently with the number of “ticks” on that candlestick. This means that the bar looks like this:

Scalpers use volume indicators  for several reasons. Volume and price have a very short, short-term relationship, but changes in trading volume usually precede sustained price movements. Paying attention to volume indicators allows you to take advantage of these moves before they actually happen.

Using candlestick charts can also help scalpers get a quick look at the market. Candlestick charts contain more information than simple price charts (such as daily price ranges), allowing traders to understand current price trends. Below we will discuss our strategy for one scale of one minute.

A minute scaling strategy

Scalping is a trading strategy that usually works best with a short-term time frame. Unlike position strategies, scalping focuses on making very profitable trades with especially small margins

Scalping is ideal for day traders and individuals who can make important decisions in a short amount of time. You usually won’t have much time to conduct a thorough fundamental and technical analysis while scalping it. Moving averages are constantly changing and prices are constantly being “corrected”.

Whether you are scaling EUR:USD, other currency pairs or other assets outside of forex, it is important to pay attention to the details. Scalping typically occurs in increments of 5-20 minutes. However, if you are trying to implement a one-minute scaling strategy, volume indicators, M5 / M15 time charts and price action trends should be the first things you look at.

The key to scaling back when using short time frames is to identify price changes before the rest of the market has had a chance to react. You should also be prepared to accept very low profit margins – earning less than 1% on a given action is usually in your best interest. As a result, many scalpers can implement tight stop-loss and stop-limit orders over time. Here is also more information on the best hedging strategies.

Let’s get to it!

The Triple S Simple Scalping Strategy Rules – Best Scalping System

Side note ** Since you are up to an M5 or M15 time chart, the price is very sensitive to all news. Because of this, I would not use this strategy 30 minutes before and after an important news announcement. Check here to confirm if there is a news announcement!

Step 1: Apply the best indicator for scalping strategy: Volume

Any platform for trading systems is fine because the volume indicator is standard on all trading systems (platforms).

Step 2: Go to an M5 or M15 time card

In this particular M5 time chart we are looking at a USDJPY pair.

The first thing you want to look at is if the volume indicator is showing you any trend, reversal or stagnant price action. If the volume indicator increases, so will the price action. This is because there is an abundance of interest in that currency pair.

Once you see a decrease in the volume indicator, you know that there are fewer “ticks” and therefore less interest in the trend. The strategy we want to focus on primarily is trend trading. You can use the volume indicator for reversal trading. But that is not something we are interested in with this strategy.

Step 3 of the best scalping system is to analyze the volume indicator: look for a healthy uptrend or downtrend. Find pullbacks in price action and wait for the volume to slow or “quiet.”

The volume indicator should give you an enormous amount of information. If you see the volume indicator, do this:

You know that the trend is either:

A. Dying and heading for a turnaround.

B. Take a break before continuing.

In this case, it took a break. Back then, there were fewer buyers and sellers (traders making trading decisions). Then they picked up and went to the upside down. Our strategy takes advantage of this pullback before the price action in this example continues upwards.

So, in this analysis step to the strategy, you should examine the volume indicator. Based on what you know now, you make a good trading decision based on the current price action.

Using our example, you should see a constant uptrend followed by a pullback/retracement phase.

Like this:

Step 4 Once you have seen the volume increase / rise (after it has been delayed), make your trading decision based on the current price action: best scaling system

This part is at your disposal. There is no ‘line transition’, ‘arrow appears’ or ‘a little voice saying that you must buy now! ‘ You need to understand a little bit about how the price action works before deciding on the entry. Using our example, the volume indicator has skyrocketed, which means that traders are entering the action, thus driving the price upwards!

Look:

Once you see this big spike or see the volume indicator showing that there is some action coming your way, you want to be ready to enter this BUY trade because everything is pointing up.

Entry / exit strategy for the simple scalping strategy

With the current structure of this trade, it made sense that we saw the “spike” in the volume indicator and broke this small retracement trend, we pulled the trigger and entered a buy!

Your exit strategy is simple. You go for 10-20 pips. You also place a 5-8 pip stop loss. Once you have 10 pips, move your stop loss to 5 pips to set up a small profit (unless the spread is very large, in which case you would probably break even.)

These 20 pips in less than 5 minutes won’t happen every time, but if they do, they’ll surely make you smile. The reason we say for 10-20 pips is for cases like this where you see a big jump after the retracement of the main trend. You don’t want to get out too early.

Consider this strategy on any of the major currency pairs and you will be able to see great results!

** The rules for a SELL trade will be exactly the same, just opposite on your chart. (IE instead of starting with an uptrend first, it will be a downtrend instead)

Other technical indicators for scaling down strategies

As you can see, our Simple Scalping strategy mainly uses volume indicators and candlestick charts. We developed this strategy knowing that these indicators give traders the tools they need to make quick and precise trading decisions.

Because scalping is driven by technical analysis, you should also consider other technical indicators.

  • Exponential Moving Averages: These averages are specifically weighted to react more sensitively to recent price movements. When using EMA charts, you need to keep a close eye out for possible crossovers.
  • Moving Average Convergence Divergence (MACD): This trend dependent indicator helps balance 26 period and 12 period moving averages. Despite what you might assume, the MACD can be used within any trading period.
  • Bollinger Bands: These handy bands contain the vast majority of price movements (about 95 percent). Use these bands to determine when the pace of the rate and reversal in the trend is likely to occur.
  • Relative Strength Index: The RSI is a momentum indicator that measures levels of strength and resistance on a scale of 1 to 100. It can help limit the potential risks associated with scalping.

These indicators will help you make your strategy with better confidence. As long as you can consistently follow our strategy and carefully include stop losses, scalping is a naturally evolving trading strategy.

Conclusion – Best strategy for downsizing

Simple scalping strategy can also be a powerful 1 minute scalping system, and if you try on the time frame, let us know your results! We can use the best strategy indicator (volume) and have a whole basket of strategies to use with. The reason is that it can confirm a trend, confirm a reversal, and it can show us when there is less interest between buyers and sellers.

With this best scalping system, you will find that it is not only easy to scalp, but you will also find a strategy with a high profit percentage and you can grow your account very quickly. If you don’t like scalping and enjoy swing trading or day trading strategies, be sure to check out the Rabbit Trail Channel Strategy which will show you how to grab 50 pips at once with a high probability of to win!

Thanks for reading!