Forex Trading Scalping

Forex Price Action Trading:High ROI Scalping Chart Set-Up

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Forex Price Action Trading:High ROI Scalping Chart Set-Up

Here is a video showing how I set up the charts on the Eur/Usd for the high ROI Scalping System. You will see that even though I am using the hourly charts with a five minute entry system I start with the monthly charts just as I do when I am looking at my other price action trading systems. I use trendlines, horizontal support and resistance and my proprietary set up the push-pull candle pattern to find improtant levels in the market using the higher time frames. This provides a color coded map of the market that amkes it easy to navigate when I drop down to the hourly charts to look for forex trades.

Here are some resources on price action forex trading

http://en.wikipedia.org/wiki/Price_action_trading
http://www.forexfactory.com/forum.php
http://www.dailyfx.com/technical_analysis
http://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2013/10/04/Four_Simple_Ways_to_Price_Action.html
http://www.babypips.com/school/

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