Article Summary: This video will walk through the Finger-Trap Scalping Strategy, presented by James Stanley of 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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To contact James Stanley, please email [email protected] . You can follow James on Twitter @JStanleyFX.
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