Scalping is one of the most dangerous ways of trading. The vast majority of people lose money while they try to scalp the charts. The number one way of scalping is risk management and using stop-losses! You must use it! Then start to build your trading career.
You can use this trading pattern for cryptocurrencies, forex, commodities, and futures, even for stocks, and penny stocks scalping and day trading. ICT is the main developer of these methods with price action trading, innercircletrader usually speaks of smart money concepts. It is also great to watch ICT Mentorship Course and ICT Concepts.
The reason why we focus on high-quality breaks, only strong entities can move the price suddenly unlike retail traders. These are big entities with large capital like banks, fund managers, big owners, etc…
These top TradingView indicators and strategies are usable for commodities, index futures, stocks, forex, coins, cryptocurrencies, penny stocks, and penny stocks scalping and day trading. These ICT methods work well with smart money concepts and the innercircletrader price action. It is also best to watch ICT Mentorship Course and ICT Concepts.
Scalping is very scary! I have to admit, I agree with this. It will take years of daily practice to become a professional trader! However, with the help of smart money concepts, you can do it!
Swing Failure Patterns are the easiest way to identify LIQUIDITY GRABS and SWEEPS. However, sometimes these sweeps are not clear! We have to check how hard the price is rejected!
Just because price in a PREMIUM zone, it does not necessarily mean that you can sell it. You have to be clever, and check the above and below of your charts and see if there is anything that may pull the price beyond.
I was about to quit day trading, it all thanks to smart money concepts and price action trading, I could get back. This three-tap trading strategy is one of the little secrets of trading. If you have time, let’s learn it.
In order to day trading, you should learn supply and demand trading and master it. This supply and demand trading strategy is usable for cryptocurrencies, forex, commodities, and futures, even for stocks,, and penny stocks scalping and day trading. Innercircletrader uses similar strategies with price action and most of the smart money concepts are developed by ICT. I also advise you to watch ICT Mentorship Course and ICT Concepts.
ROTE is a very special strategy that is based on LIQ, PREMIUM, and DISCOUNT. Especially targeting the trapped traders. The downside is; it rarely happens.
Extreme interest areas are the best places to find less risky opportunities. The problem is many times never pullbacks to these areas. So, looking for alternative entries around EQ points is possible.
At the end of the day whole world builds on PREMIUM and DISCOUNT. Trading, Investing, Shopping, and everything else you can imagine. Whatever you purchase, you should aim for buying cheap and selling expensive.