Resolved Question
What indicators and charts should be used with which pairs when scalping?
about 1 year ago
Best Answer - Chosen by Voters
When scalping, I prefer the EURUSD and USDJPY pairs because of their relatively tighter spreads. That way, I can scalp 5-10 pips without losing most of those to the broker. Some traders prefer more volatile pairs, such as the GBPUSD, so that they can catch more pips at a time. I stay on the lookout for potential support/resistance levels on the shorter term time frames (5-minute, 15-minute) and I also take a look at the stochastics to predict possible reversals. Maybe practice with a few technical indicators on those short-term time frames to see what works best for you.
about 1 year ago
* You must be logged in to add comments. Sign In or Join Askpips.com.
Answers (1)
No offense, but that question is irrelevent! Thats like asking which tires should you drive a benze with. It doesnt matter. You have to use indicators to your advantage by making them profotable. Use them to see what you want to see.
about 1 year ago
* You must be logged in to add comments. Sign In or Join Askpips.com.
Resolved Questions in Technical Analysis
- Can I use DailyFX's prices with support and resistance?
- Can someone explain to me what "Two-bar high/low" is?
- In determining overbought and oversold periods: 1) what's the difference and 2) what are the best indicators?
- How many indicators have you been using to confirm a possible trend formation?
- Why do we use technical indicators? What do they do?
ForexEA
Here is article about basics of scalping in Forex http://pipburner.com/scalping-in-fo...
I suggest you to use multiple time frame technical analysis - http://pipburner.com/multiple-time-...
19 days ago
Report it