Forex Price action scalping:

Only scalp when the spread plus commission is one PIP or less.

Use a 70 tick chart with a 20ema and no other indicators.

Target of 10pips and a stop around 6 to 7.

Using indicators is a losing proposition that will only add confusion and doubt.

The market cannot be beaten. A trader can only strive to be those in it less proficient than himself. We
have no guarantees; we just trade probability.

Those who strive for glory in trading are simply deluding themselves.

Double Doji break:

1. Look for a pullback to around the 20ema.

2. Look for two dojis or small candles in a row.
3. The key: temporary, compressed in decision.
4. Entry bar: takes out high ( for longs) or low ( for shorts)
5. For there is no point speculating over other traders’ motives. All he has to go by is what takes
place in the chart on a recurring basis. And this task should be to exploit repetition.
6. Do not front run a break.

First Break:

1. First bar in a substantial pullback that gets taken out in the direction of the trend.
2. Enter with trend to capitalize on a quick resumption of the market’s original intent.
3. There are three conditions: (1) a strong trend with bigger frame participants; (2) full-fledged
pullback; (3) the first pullback to go against the trend.

Second Break:

1. A superior setup than the First Break.

2. It is a pattern that could be seen as to first breaks following each other in relatively quick
succession.
3. If the first break fails, this is the second with-trend attempt to end the pullback.
4. Enter at the moment the second signal bar gets broken in the direction of the trend.
5. As long as the market is trending and not running into obvious resistance, we should consider
every orderly pullback a temporary event and use it to our advantage by trading our setups at
every possible turning point.
6. And there is arguably no higher probability of a winning trade in the market than to take that
trade with-trend after a pullback peters out.

Double Doji break, first break, and second break are with-trend entries.
Block Break:

1. A most simplistic description would be to characterize the pattern as a cluster of price bars
tightly grouped together in a narrow vertical span. Preferably, the barriers of this block of bars
are made up of several touches each, meaning that the top and bottom side of the pattern
clearly represent resistance and support.
2. Think of a coil being suppressed by a now-weakening force that is bound to give in. If prices
eventually break free in the direction of the path of least resistance, we immediately enter the
market on a break of the box. That makes the broken horizontal barrier the signal line to our
entry point.
3. There are three likely places where this can show up: (1) as a block of bars in the end of a
pullback; (2) as a horizontal pullback in a strong trend; (3) as a block of bars in a non-trending
market.
4. Although not nearly as detrimental to a trader’s overall results as the other case, giving in to a
sudden burst of boredom after a prolonged spell of inactivity is like walking away from
investment that is just about to sprout.

Range Break:

1. The range will ultimately crack. The longer it lasts and the more defined the barriers can be
drawn, the more players will spot the same break, which will enhance the likelihood of
necessary follow-through. But not all breaks are created equal. As is the same with the BB
setup, pre-breakout tension is one of the better leads to a dependable breakout.
2. What is a false break? When the market comes down from a high of pattern straight to the
lower and it breaks the low almost instantaneously. Back is a terrible way to celebrate and often
leads to a very classic trap, because there is no pre-breakout buildup. Prices that break through
this barrier are already exhausted. There needs to be buildup.
3. Look for a proper squeeze: prices are literally being sandwiched between the 20ema and the
barrier line.
4. The 20-bar ema can be an excellent aid not only in pushing prices through a barrier defense, but
also in keeping them from slipping back into the box after a break.

Inside Range Break:

1. A range-break trade in the middle of the range.

2. It is not uncommon for prices, once broken free, to accelerate towards the nearest barrier.
3. At the end of the day, a scalper’s task is all about tuning in to the beat of the market with as
little information as possible. In a scalper’s world, less is definitely more.
4. We should always bear in mind, though, that regardless of our wonderful setups, trades go sour
all the time. New strategy could ever be devised to prevent that from happening. But once we
understand that giving profits back to the market is part of the exact same process as taking
profits from it, the whole idea of losing will become a non-issue. Losses are the costs of doing
business as a trader, nothing more and nothing less.
 5. This is a profession, not a constant game of win or lose.

Advanced Range Break:

1. To set up can be classified in two ways.

2. The first is as a clustering number of bars stagnating around the broken barrier level, but
resilient enough to not prove the initial break false. The cluster basically hangs around the
barrier, either on top of it ( for possible longs)or below it ( for possible shorts); sometimes the
barrier level is running right through the center of it.
3. The second is more of a pullback variety. This is like a breakout pullback.

Tipping Point Technique:

1. The essentials are pretty easy. For example, the maximum loss on any trade will be determined
before the actual trade is put on them will stand for as long as the position is active.
2. This last point to get out – the ultimate tipping point – usually lies a pip above or below a signal
bar or at a level above or below the top or bottom in a particular pattern. In this scalping
method, the average stop will be about 6 to 7 pip. The target objective at all times is 10.
Whereas the target level should never be tampered with, the stop level, on the other hand, is
free to be adjusted as the trade progresses, but only in the direction of the target and never the
other way. The idea behind this, obviously, is to minimize the damage in case the market turns
sour on the trade.
3. Not exiting an invalid trade is the cardinal sin of trading. It has been a recurring theme in many
trading anecdotes, and this one folly will no doubt continue to entertain the public for as long as
there are traders. Respecting a stop can never be a shameful act; disrespecting one, on the
other hand is the true disgraceful feat.
4. To protect a trade from ever becoming a loser by pulling a stop to breakeven is simply asking for
an early exit.
5. Bailing out of very healthy trades at the slightest sign of counter activity, grabbing whatever tiny
profit, is a surefire way to remain forever stuck in the non-profitable phase of trading. A trader
has to rise above his fears of losing and giving back profits.
6. It is not uncommon for a trade to come dangerously close to being stopped out. Such is the
nature of trading. It cannot be stressed enough how important it is to not hit the X. button when
confronted with these very typical counterattacks. When prices take your time, the power of
demoralization can be excruciatingly strong. Fight it. Fight as hard as you can.
7. The urge to get out of the trade when it is still technically valid can be extremely powerful. And
so can be the reluctance to pull the plug on a position when it is time to bail out. These two little
quirks reside in each one of us. They can never be defeated. But, fortunately, there is a wicked
clever enough to stop these little demons right in their tracks, and that his commitment. To
simply do what needs to be done, even when it hurts.
8. A well-chosen tipping point is not just a spot on the chart. It must bear technical significance.