High Probability Trade Entry when Daily and Weekly Chart in-Sync

 

Scalping Practices using two minutes chart with 100K USD Virtual Money

 

 

 

Trying out on scalping trades using the same method used in successful swing trading for profits.

Using 2 minutes chart with Tradingview software to test on the high probability entry at turning points.

Practices make perfect. 

What is my low risk trading strategy that helps me to keep profitable consistently?

What is meant by my low risk trading?   

Buy at a level, cutloss within 2 to 5cts.... when price went higher, e.g. 10ct to 20cts away, add more lots if u see the trend continues to go up... in this way, u will not lose any money soon, even if the price starts to fall, u will still able to exit with the some profits or breakeven before you have bought some lots at lower price...... 

So where is my initial risk?

Only happen when i enter a new trade....... i need to prepare to cutloss if wrong.... if it continues to move higher, i will continue to double the lot size as it trends higher..... doing so, my average per share is much lower than the market price.... any retracement will not hurt me....

But do I sell 100% when it is time to do so... if possible, keep 20% shares in the market... so that in the next rising market, u already have some lots which bought cheaper and continue the process of adding more lots to the new cycle... as such.. the risks are little.... this is how i work on the market.....risks is always main concern when come to trading...take care the risks, profits will take care itself...