How do you scalp the US30 index?
Asked 3 years ago
I want to try out a new trading strategy and do the Down Jones scalp. Since scalping is very new to me, what tips can you give?
Andrew Moran
Friday, December 24, 2021
So, there are a few things US30 signals you can employ when you are trying to scalp the index.
The first is to pay attention to the moving averages. A positive scalping strategy is when the MAs are close together and then you wait for any notable pullbacks. You buy during these pullbacks and then scalp at a level of support you want.
The second is to employ a profit-loss ratio when you are combing through Dow Jones signals, typically a 1:5 profit-loss ratio (risking 1% to make 1.5%).
Ultimately, you need to identify any short-term trends, specifically in a one- or five-minute period to successfully scalp.
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