Forex scalping forum

Forex scalping forum

Author: rus71 On: 18.06.2017

I've noticed that a lot of people here on Babypips lately are interested in the NickB method. Nick was a Babypips blogger last year, but his method never caught on and his blog died out I think part of the problem is that even though Nick's strategy is floating around Babypips, it's in the form of a 42 page.

So here, in one page or less, I'm going to explain the most popular aspect of NickB's trading system, the 4 Hour Scalping Method. I've been trading this system live for almost a year now, and I've done very well with it.

What we want to do first is to find recent swing highs and swing lows where the price has hit and made a significant reversal. Here are some examples. At each of the orange lines price changed direction and moved, over many 4 hour candles, hundreds of pips away. These orange lines are called scalp lines.

So what do we do with these scalp lines?? When the price returns to a scalp line you simply place a trade on the break of the line using a 50 pip stoploss and a 50 pip takeprofit. That's all there is to it!

Not only are these trades easy to find, they can be taken with pending orders! So if you work full-time this is a great method to use! If anyone has any questions or comments feel free to post them.

FAPTURBO 3 Latest Real Money Forex Trading Robot | Automated Forex Trading on AutoPilot

And, just to be clear, this is not my system. It was developed by Nick Bencino, aka NickB. Also I think people want more than pips a week, but if you look at it pips is more than enough to be a success at forex. Also look at signal services that charge you monthly basically nobody consistantly earns more than pips a month. Bottom line is Nicks method works, its simple and its profitable.

I think anyone who isnt profitable right now should consider looking at his method more closely. Something I totally agree with you about Phil. I am surprised Nicks method doesnt have more followers. Do you stick to the 1R return per trade or try to let it go.

If price is moving fast I'll let it go a little, I get and extra pips quite often, and more on occasion. I get crap offers in my email all the time to join this course or that course blah blah blah.

Im telling you throw all that crap away and see what profitable trading looks like.

forex scalping forum

I second the motion plus I urge everyone to download Nick's free Ebook - lots of good trading info there even if you don't use his strategy. Unless thinking is not your bag.

And Phil in one post excellently explained Nick's "scalping" huh, scalping on a 4H chart!? Thanks for the info johnnykanoo, I just registered, and for starting this thread phil I took my first trade with Nick B's method yesterday and it was an easy 50 pips. I love the simplicity of it. I think I need something like this. I've been trying to trade gartleys and butterflys lately because I like doing the more complex chart analysis.

But I always go crazy when the moves are successful but I just barely don't get filled. This always happens it seems no matter how much I shade my entry. Then I get frustrated and the emotions that affect my trading start to kick in.

Anyway, that's neither here nor there. With Nick B's system, if the trade is going to be successful, I'm going to get in it. It's amazingly uncomplicated and I think that helps keep my emotions in check. I really am happy to see so much support for nicks system and again i really encourage the newer traders to check out his 5 day blitz, even veteran traders can get a fresh perspective like me his method has really helped me be consistant.

I was wondering why nickb wasn't here anymore. I think part of the reason people overlook it, is that it is so simple. There are no special indicators or gizmoes or formula. His was the first method I looked at, then I past it up, because it seemed too simple.

I figured there must be way more to being successful at forex. I think a lot of new traders probably think the same way. The only other reason I can think of is that you are not doing lots of trades every day.

You can go for days or weeks without a trade sometimes. It's off the 4H charts, so it won't appeal to the new trader who thinks trading is like being in front of a slot machine and pulling the lever more times give you a bigger chance at hitting the jackpot. I've been through a lot of systems and methods, devouring everything I can in a quest for knowledge, and frankly this is the only one that I think will be able to stand the test of time and be consistent.

IMO, almost all indicators are complete garbadge. If you learn to read candles and price action that is all the indicator you will ever need. Another thing I hear a lot from new traders is that they think trading 4H charts takes too much time. They say, "I can't trade that way because I can't check my charts every 4 hours! I look at my chart on Sunday night or Monday morning, set my pending orders and alarms, and I'm done with this system for the week.

You can literally spend less than 5 minutes per week trading this system if you use pending orders. I think it's a goldmine for traders with full-time jobs. Now if you are around to check your charts and watch the trades when they hit, you can catch the extra lines that form during the week and maximize your profits.

But these are luxuries and not necessary to be a successful trader. I didn't like it at first because it didn't retrace enough for my tastes, but I think the double bounce makes it an excellent line now.

Also, for any traders new to the system, I always have a 5 pip buffer past the actual scalp line before I enter the trade.

That helps to filter out the fake breaks like the one we had on the I entered an order for this one several hours ago, then came home from a concert and turned on my platform to see the last few minutes of the trade giving me 50 pips, nice!

Two successful scalp line trades this week. I didn't see anything about it in Nick B's ebook, but I also decided I better give a pip buffer to weed out some of the bounces, working well so far.

NickB's 4H Scalping Method - Free Forex Trading Systems - odomujekadox.web.fc2.com Forex Trading Forum

I've never traded it personally, but Metalhawk is a very conservative trader and if he says it works I trust him. Damn, I entered and then deleted the exact same trade because I wasn't going to be around to watch. O well always another trade.

Forex Scalping Systems | Forex Strategies & Systems Revealed

I'm not sure if anyone has been trading JPY pairs today using this strategy GBPJPY - swing low - I've just come across this system and im unsure on a few things.

Or on the same candle? A possible new line is forming at Here's a copy of Nick's ebook that describes his entire system. I'm hanging in for that one myself. Could you post a picture? I searched but can't find it. How Will The ECB React To Deflation? NickB's 4H Scalping Method Trading Systems.

Free Forex Trading Systems. The setup for the trades is simple Here is an example of a scalp line break: I think if people aren't willing to do any work how can they be successfull?

I'm going long at I should probably have put that in the rules Does anyone have a link to Nick's pdf?

inserted by FC2 system