There are four major strategies......
1. Scalping strategy
2. Swing strategy
3. Trend following strategy
4. Breakout strategy
Now we will trying to understand first two strategy.
1. Scalping Strategy
What is Scalping?
• A short-term strategy where traders aim to make small but consistent profits repeatedly.
• Positions are opened and closed within minutes or hours.
How to Use It:
• Crypto: Focus on volatile coins like BTC or ETH during active market hours.
• Forex: Trade during high liquidity sessions (e.g., London or New York session).
• Use the Smart Money Concept (LuxAlgo) indicator:
• Buy Trade: When CHOCH turns green.
• Sell Trade: When CHOCH turns red.
• Note: Indicators can provide false signals, so always cross check with market conditions.
Example:
• Identify a strong upward trend. Enter when the price bounces off a support level and exit quickly after a small profit (e.g., 1%-2%).
2. Swing Trading Strategy
What is Swing Trading?
• Medium term strategy where traders hold positions for days or even weeks.
• Focuses on capturing larger market swings and trends.
How to Use It:
• Crypto: Target altcoins with strong fundamentals and good growth potential.
• Forex: Trade major currency pairs (e.g., EUR/USD) around key economic news or events.
• Use Fibonacci Retracement to find ideal entry points, such as the 0.618 level during retracement in an uptrend.
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Tomorrow we will learn last two strategy 😊!
Understand it and practice on demo chart and back test. It will help you to improve your trading skills 🙂.
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