بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ

ٱلسَّلَامُ عَلَيْكُمْ

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Hy steemians another beautiful contest by this community, this contest basically teaches us the beauty of scalp traders and experienced person of technical analysis do scalping and good opportunities for them because some people are experienced and seems so impatient thats why if they do correct analysis they will be earn good profit, so in this post we gonna discuss brief introduction about scalp traders and what the the professor want us to elaborate so lets exaggerate it more.

What is scalping?

Scalping deals with short time frame trading and the traders make best strategy to earn profit in small time frames buy and sell their crypto assets by good technical analysis although they also use some tool that relates with indicators and time frames also do great opportunities for scalp traders, as a scalper he able to collect small profit in smaller time in smaller time frames thats what simply scalping mean.

Time frames and indicators Role:

The main thing that relates scalp trader is the time frame and the indicators he uses for trading, If trader chooses this things right at right time and know the technical analysis of leaving and joining the market he will be able to make juicy trades in a panic situation too! by using scalp trading.

The time frame that is best for doing scalp trading is from 1min 5min 15 min (best) and maximum 1hour just one hour is enough for scalp trader because the trader that trading in scalp is seems to be impatient and he needs good profit in small time frame

Second thing is the strategy of choosing the indicators! I will assure you guys the best time frames that I also learned from my mentors were
EMA 21
EMA 55
EMA 100
EMA 200
I will show you guys each and every thing that I elaborate with you guys by express and oral form.

MT4 MT5 and Trading View software What I prefer/ FXTM or other broker ? :

MT4 MT5 and Trading View are use to analysis of market these software are originated for doing technical analysis of coin most people are ain't aware of MT4 and mT5 though it is same as trading view but there is some difference in MT4 and MT5 that there functions are different that MT5 is little bit advance from MT5 , so as a newcomer you should MT4 because the pro traders use MT5 and there is server issue real 1 2 3 4 third thing the pending orders issue stop limit buy and sell that is not opted in MT4

What I prefer most is trading view because it is easy and simple just do your analysis although MT4 and MT5 are also good I their place.

I use binance for trading and scalping all other purpose because it is interest free platform so I use binance for my self its upto ourself and professor also give us the extension for doing trade by mean.

PRACTICAL TASK AND SCALPING ANALYSIS:

As professor elaborate us that do scalp trading and short term momentum scalping via finger-trap Scalp trading.

• using trading view chart Sushi/usdt
• applying EMA as I mentioned 21 50 100 200
• Trading pair high volatility

As I done up with all tools that being use for scaping now lets start the trades..

• You can see the picture below I have Make resistance and support that is being giving great result to judge the trend of market.

• now the ema and indicator of RSI will give us the best direction to interpret the market in short term trades. As the picture shows you how beautifully the indicators design us the trend of market going downward the arrow show the market breaks the indicator and cross both indicators, now the we have to look when the market will retest the price again.

• now look the that i mark one point where the EMA 21 give us the strong resistance and there is still consolidation in price and fluctions are seems in smaller time frame the scalper not for sure gonna miss this trade and you can see how much trades are being originated.

These were short profits now using different coin to get more juicy scalping trades.

• ETHUSD pair the juicy and heavy trades seems in smaller time frame although good fundamentals also help scalp trader sometimes see the results..

This makes me greedy because ETh give tender trades and the retesting of 21 ema seems smaller but than cross both and make 21 ema a strong support continuously giving scalp traders profit moists...

MY TRADES OF DOGE AND ATOM USDT PAIRS THIS WERE TRADES:

I achieved my one target and of atom but taking short profit my funds are too small 1 $ dollar profit are coming than 1 switch to swing trading to intra day and get good profit than get 16 $ to 19$

AS I complete 1 trade now seems doge gonna give good profit soon!

• waiting to give profit about as my investment were 19$ 27 doge and if the target first hit 0.68 I will sell half and If the price goes to 1$ my order will trigger by limit

Although take entry for scalping but look the situation makes me to enter in intraa day trading depending on loss and market sentiments.

CONCLUSION:

Scalping seems very good for those traders that are impatient and uf the trader is good in their respective skills can be make good trading here I also show you guys my trades that I have achieved 1 target and soon other will be trigger and this seems that doing small trades can make you more expert trader and do analysis all thing before taking trades sometime scalp trader waste their time and money too so beware if taking trades that seems to be dumped in future.

SELL THE GREED AND BY THE FEAR

Note : All the pictures used are the screenshots taken by myself.
Thank you

CC
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02