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SCALPER
Presented by

Russ Horn
Forex Strategy Master ©
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Published by
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Scalper
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Scalper
This is information that will only be good to you if you already have an understanding of
the Forex Strategy Master system. If you do not know the components and rules of the
FSM system, please learn the method before you continue with this report.

Taking Tiny Bites From The Market

A scalping system is used to take small 2 - 5 pip trades out of the market. This is
generally done very quickly and can be repeated over and over again.

Some traders who scalp will take as many as 50 trades during their time in front of their
charts for a single day. I don't expect you to do this, but the option is there if this is
something you are interested in.

In order to be an effective scalper, you need a way to determine a trend direction (or
range) and then have a way to get signals that occur quite frequently.

The Forex Strategy Master system is a great tool for finding scalping opportunities.

We don't need to modify the charts too much, we can use the default settings to find
many opportunities to take several little 5 pip trades out of the market. The only change
you need to make to the charts is the 3 EMA shifted 1 that will be changed to a 2 EMA
shifted 1. The change for 3 to 2 will bring the moving average closer to the price, and
this will give us more trading opportunities.

We are going to be using a 5 minute timeframe to find these setups.

This is important to note!

Any scalping method you come across, even this one, you are going to experience
losses. You will take many trades, and because of the volatility and the erratic nature of
the 5 minute timeframe, we will see the market turn against us. It's not generally going
to be a big turn, but big enough to take you out of the trade you are in.

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When you are trading a scalper, you will be looking for very small trades. You want to
get 2 pips to 5 pips out of the market. When the market is really moving well, you can
get 10 pips out of your trades, but the average scalp will be for 5 pips.

This is important because when you are scalping, you want to be trading currency pairs
that have the smallest spreads. You want to look for pairs that have a 2 pip or less
spread. I like the:

EURUSD
GBPUSD
AUDUSD
USDJPY

If you are looking for 5 pips on a currency pair that has a 2 pip spread, you will need the
market to move in your favour by 7 pips (5 pip target + the 2 pip spread = 7 pips in
total).

Let's look at the chart setup.

This will be familiar to you, this is the general FSM chart.

It has the moving averages and the histograms, and we approach the scalping method
in the same manner we would the other methods.

Long Trades

To look for long scalping trades, the price (the close of the last candle) must start over
the 2 EMA, the moving averages must be in descending order and the histograms must
be green.

Price
2 EMA
5 EMA
15 EMA
45 EMA
Histograms are green.

When we have all the criteria met, we will take buy trades as the market touches the 2
EMA.

I like to open and close the trades manually. I will give the market about 10 pips of
breathing room, but if the market moves past that, I will want to close the trade.

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First step is to wait for a trending section of the market.

in the chart below, we have the first candle that meets all the criteria for a long setup
phase.

We have the price closing over the moving averages.

We have the 2 EMA over the 5 EMA.
We have the 5 EMA over the 15 EMA.
We have the 15 EMA over the 45 EMA.
And we have green histogram bars.

Once we have the trend verified, we will be buying when the market pulls back to touch
the 2 EMA.

You can do this one time on one currency pair and be done for the day, or you can do
this multiple times and on a few different currency pairs.

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Below you will see once the long trend has started, we can place buy trades as the
market pulls back to touch the 2 EMA.

We have 7 entries in this small uptrend, and the last one was a losing trade...

Note

The last trade signal in a trend is always a losing trade. In order for the market to
change direction, it will have to cross below the 2 EMA, but instead of reversing and
going back up, it will continue with the pullback and take you out.

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Short Trades

To look for short scalping trades, the price (the close of the last candle) must start under
the 2 EMA, the moving averages must be in ascending order and the histograms must
be red.

45 EMA
15 EMA
5 EMA
2 EMA
Price
Histograms are red.

When we have all the criteria met, we will take sell trades as the market touches the 2
EMA.

I like to open and close the trades manually. I will give the market about 10 pips of
breathing room, but if the market moves past that, I will want to close the trade.

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First step is to wait for a trending section of the market.

In the chart below, we have the first candle that meets all the criteria for a short setup
phase.

We have the 45 EMA over the 15 EMA.

We have the 15 EMA over the 5 EMA.
We have the 5 EMA over the 2 EMA.
We have the price closing under the moving averages.
And we have red histogram bars.

Once we have the trend verified, we will be selling when the market pulls back to touch
the 2 EMA.

You can do this one time on one currency pair and be done for the day, or you can do
this multiple times and on a few different currency pairs.

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Below you will see once the short trend has started, we can place sell trades as the
market pulls back to touch the 2 EMA.

We have 7 entries in this small downtrend, and the last one was a losing trade...

Note

The last trade signal in a trend is always a losing trade. In order for the market to
change direction, it will have to cross above the 2 EMA, but instead of reversing and
going back down, it will continue with the pullback and take you out.

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Super Scalper

We can accelerate the Scalper method by removing the 15 EMA and the 45 EMA.

We will still be using the 2 EMA, the 5 EMA and the histograms.

Long Trades

To look for long super scalper trades, the price (the close of the last candle) must start
over the 2 EMA, the moving averages must be in descending order and the histograms
must be green.

Price
2 EMA
5 EMA
Histograms are green.

When we have all the criteria met, we will take buy trades as the market touches the 2
EMA.

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Short Trades

To look for short super scalper trades, the price (the close of the last candle) must start
under the 2 EMA, the moving averages must be in ascending order and the histograms
must be red.

5 EMA
2 EMA
Price
Histograms are red.

When we have all the criteria met, we will take sell trades as the market touches the 2
EMA.

These trade examples are in conditions that you will encounter almost every day, but
you will also get shorter runs with fewer entries.

These are the best of the best trends, but they are not unusual, you will see them all the
time.

Without the 15 and the 45 EMA, we run the risk of running into a sideways choppy
market.

Avoid trading outside the London session and choppy looking markets when trading the
5 minute timeframe. Higher timeframes you can trade a little more around the clock, but
remain out of poor market conditions.
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Just when you though the Forex Strategy Master had all there was to offer, you can now
use it as a scalper system.

Use this on any timeframe you like. This method can be translate to the larger
timeframes and even to the smaller 1 minute timeframe.

I don't like the 1 minute as much, the spreads become an issue, but the 5 minute is just
right.

Have fun with it, but remember, there will be losses using this method. You will always
top or bottom out and there is no good way to tell when you get to the top or the bottom.

If you are cool with that, you can grow yourself a nice big account balance.

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