Article Summary: This video will walk through the Finger-Trap Scalping Strategy, presented by James Stanley of DailyFX Education. This strategy is used for short-term momentum-based trading, in which trends may potentially extend for elongated periods of time.
In the video, James Stanley discusses:
Using Moving Averages to define trends
How to buy an up-trend ‘low,’ and sell a down-trend ‘high’
How to institute prudent risk management on a shorter time frame
The benefits of looking to ‘price swings’
Scaling-out as price moves in the trader’s favor
James Stanley walked through the strategy previously in the article, Short-Term Momentum Scalping in the Forex Market.
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--- Written by James Stanley
To contact James Stanley, please email JStanley@DailyFX.com. You can follow James on Twitter @JStanleyFX.
To be added to James’ distribution list, please send an email with the subject line “Notification,” to JStanley@DailyFX.com.
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