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CHAPTER 6

More Examples of
Strategies for
Scalpers

STRATEGY 1: RAPID-FIRE STRATEGY


Long Trade Setup
Here are the steps to execute a long trade using the rapid-re strategy:
1. Look for the market price to go above the SMA 60.
2. Wait for the Parabolic SAR to move above the market price.
3. Once the market price goes above the Parabolic SAR, the Parabolic

SAR appears below the market price. This is the signal to enter for
long. (See Figure 6.1.)
4. Set the stop loss at 15 pips below the entry price.
5. Set the prot target at 10 pips above the entry price. (See Figure 6.2)
From the long example in Figure 6.3:
Entry price = 1.2975
Stop loss = 1.2960
Prot target = 1.2985
The risk for this trade is 15 pips, and the reward is 10 pips. The risk to
reward ratio is 1.5:1, which yields a 2% return if we take a 3% risk.

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STRATEGY 1: RAPID-FIRE STRATEGY

FIGURE 6.1 Parabolic SAR Appears Below Market Price


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

Short Trade Setup


Here are the steps to execute a short trade using the rapid-re strategy:
1. Look for the market price to go below the SMA 60.
2. Wait for the Parabolic SAR to move below the market price.

FIGURE 6.2 Set Profit Target at 10 Pips Above Entry Price


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

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More Examples of Strategies for Scalpers

FIGURE 6.3 Trade Hits Profit Target


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

FIGURE 6.4 Parabolic SAR Appears Above Market Price


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

3. Once the market price goes below the Parabolic SAR, the Parabolic

SAR appears above the market price. This is the signal to enter for
short. (See Figure 6.4.)
4. Set the stop loss at 15 pips above the entry price.
5. Set the prot target at 10 pips below the entry price. (See Figure 6.5.)

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STRATEGY 1: RAPID-FIRE STRATEGY

FIGURE 6.5 Set Profit Target at 10 Pips Below Entry Price


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights reserved.

From the short example in Figure 6.6:


Entry price = 1.2989
Stop loss = 1.3004
Prot target = 1.2979

FIGURE 6.6 Trade Hits Profit Target


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights reserved.

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More Examples of Strategies for Scalpers

The risk for this trade is 15 pips, and the reward is 10 pips. The risk to
reward ratio is 1.5:1, which yields a 2% return if we take a 3% risk.

STRATEGY 2: PIRANHA STRATEGY


Long Trade Setup
Here are the steps to execute a long trade using the piranha strategy:
1. Wait for the market to touch the lower band of the Bollinger Bands.
2. Enter for a long when the market price touches the lower band of the

Bollinger Bands. (See Figure 6.7.)


3. Set the stop loss at 10 pips below the entry price.
4. Set the prot target at 5 pips above the entry price. (See Figure 6.8.)
From the long example in Figure 6.9:
Entry price = 1.5820
Stop loss = 1.5810
Profit target = 1.5825

FIGURE 6.7 Candlestick Touches Lower Band of Bollinger Bands


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

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STRATEGY 2: PIRANHA STRATEGY

FIGURE 6.8 Set Profit Target at 5 Pips Above Entry Price


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights reserved.

FIGURE 6.9 Trade Hits Profit Target


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights reserved.

The risk for this trade is 10 pips, and the reward is 5 pips. The risk to
reward ratio is 2:1, which yields a 1.5% return if we take a 3% risk.

Short Trade Setup


Here are the steps to execute a short trade using the piranha strategy:
1. Wait for the market to touch the upper band of the Bollinger Bands.

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More Examples of Strategies for Scalpers

FIGURE 6.10 Candlestick Touches Upper Band of Bollinger Bands


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

2. Enter for a short when the market touches the upper band of the

Bollinger Bands. (See Figure 6.10.)


3. Set the stop loss at 10 pips above the entry price.
4. Set the prot target at 5 pips below the entry price. (See Figure 6.11.)

FIGURE 6.11 Set Profit Target at 5 Pips Below Entry Price


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

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STRATEGY 2: PIRANHA STRATEGY

FIGURE 6.12 Trade Hits Profit Target


Source: Created with FX Primus Ltd, a PRIME Mantle Corporation PLC company. All rights
reserved.

From the short example in Figure 6.12:


Entry price = 1.5930
Stop loss = 1.5940
Prot target = 1.5925
The risk for this trade is 10 pips, and the reward is 5 pips. The risk to
reward ratio is 2:1, which yields a 1.5% return if we take a 3% risk.

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