Forex price action scalping is a short-term trading method that aims to capture small profits—typically —from minor price fluctuations. It relies on interpreting raw price data and chart patterns rather than lagging technical indicators. Core Strategic Principles
: Pure price action traders often use "naked" charts. One prominent approach by author Bob Volman recommends a 70-tick chart with only a 20-period Exponential Moving Average (EMA) to gauge immediate trend bias.
: Buying near support and selling near resistance when the market is moving sideways in a clear horizontal channel.
: Entering a trade during a brief retracement within a larger trend, using patterns like pin bars or engulfing candles to signal the trend's resumption.