This Infinity Scalper article uses the actual software.
This review is a walkthrough and explanation of the
trading software using Metatrader trading platform.
None of these trades were taken and are for sample
purposes only.
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FOOLED BY FAKE
REVIEWS
You can find more reviews on my website.
http://www.atradingplan.com
This is the transcript of the following Youtube video
https://www.youtube.com/watch?v=cmiQWDAG-rk
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Infinity Scalper will give your buy and sell signals but to
trade them blindly is a huge mistake.
That actually applies to any trading strategy for Forex,
Futures, or any other market you trade. As an example,
let's take a walk through of a currency pair I don't usually
cover.
Let's just take a look starting at the European session,
starting on the Monday. We're looking at 3:00 in the
morning, to start, and we're going to look at the first two
to three hours. This is what the PDF says, the trading
manual, so if you're trading outside of the hours that's
recommended, or you're trading different currency pairs
and you're not doing very well on it, that's your own
problem.
You should really make sure you're following the rules that
come with the strategy.
Some people have asked me about the Euro-yen,
something that I don't usually cover. I usually cover the
USD crosses, but let's take a look at the Euro-yen. Again,
like all these strategies that we talked about in all the
videos, you cannot ignore price action and price structure,
regardless of the method that you're trading, regardless of
what the hype is on any sales page.
As you can see here, this moving average is one that I've
put on. It's a 20 simple period moving average. It's just to
give you an objective view of the trend. Again, the PDF
talks about making sure you're not trading in chop.
With the moving average, you can pretty much see when
you're in chop, especially when the price action is hugging
the line, or whipping back and forth over the top of the
line. But you also can notice, just by looking at the chart,
you can see price action, price structure.
For example, coming into the Euro session, which is just
after the Japanese session, you see we're in trading range.
You're only looking at a 14 pip range, so you don't have a
lot of room for error. You can also factor in some trend
lines.
You can see that price is trending downwards. We can
connect some highs here, and our lows are pretty much
the same. I just want to connect these. So, you see what
we're trading at. Just by using simple technical analysis,
you can keep out of a lot of crappy trades. You can also be
alerted to when trades are setting up that could be a
higher probability of being good trades.
Infinity Scalper Trade Setup
If you look over here, our first set up, we're already in a
short setup in through here, but 3:00 is right here. We're
in chop. You don't trade. Our trend line is coming down
through here. We see price breaking above it. Where's our
first long trade is right here on this green candle right
here, and price rockets up, for peak 27 pips.
If you waited until this exit here, which is pretty much at
the close, it's called the optimal exit, you're looking at 22,
23 pips. That's the European session.
You have your higher high here, lows in through here. If
you're high here, low, you can see we're trading inside
here. Inside of this whole area right here is our chop zone.
We don't want to be taking any trades that set up in
through here until we start getting trades breaking out,
which we do get into the morning here. This is 8:25.
It's obvious.
How can you see that it's ranged?
Like I said, first two to three hours, probably want to lean
more on the two, two and a half hours. You can see again,
we start going into some rangy price action.
Do Not Trade In Obvious Range
Again, like I said, these ranges are obvious, and if you're
trading inside of these ranges, and you're complaining
that, "Oh, I'm not doing too well," well, it's because you're
not following the rules that are laid out in the strategy
which clearly says to trade in a trending market.
Okay. Again, we can just connect lows. Looking for breaks
out of the lows. If you're looking at the moving average,
we're not looking at anything to the short side on this
break. When the first trade sets up here at 8:25, and
again, where's this trade setting up?
It's setting up at a support area, but here's the thing.
Basing on a support area is conducive to a break south.
You want to see a bit longer. It's only a five minute chart,
so this is not the kind of basing I'm talking about. I trade
higher time frames, so my basing that I'm looking for are
multiple days, not just 15 minutes of breaks of
consolidation.
You can see it breaks the lows, and what does price do?
Lot of times, they say, "Don't trade breakouts." Where do
they tell you to trade? Breakout pull back. Breakout pull
back. Just because it trades inside of here does not mean
that this move is invalid to the downside.
If you think logically, what happens here, this is normal
price action right through here. Price breaks down, and the
entry price is here, here's your breakout pull back, so what
do you do here? You're trading against the moving
average, which is starting to flatten out here. Let's move
over here. See? You can see how it's flattening out.
So what can you do? Well, use context. We've got basing
price action that had just broken out of a range, breakout
pull back. Our entry price on this trade is actually the close
of this green candle. That's how we trade this, which is at
130.72. We trade back into it. I spoke about it another
video, about getting in sync with the strategy.
If you were to do that, 23, 24 pips, not a whole lot, same
as the Euro session, but again, it depends what you're
trading. Trading at $1, roughly, average, because Euro
Japanese Yen is not going to be $1 a pip. It's going to be
depending on what currency you're trading, but let's just
use $1 a pip. It's $23. That's nothing. What if you're
trading multiples of that?
That's when you start to make money on these scalping
trades.
Again, comes back down, pulls back up. Then we have a
long trade here at 11:00, but remember what I said, first
two to three hours, we start at 8:00 for the US session. 8
plus 3 is 11. There's no trade that you would take here.
What would happen is ... This is what happens the rest of
the session. We get a lot of choppy price action. You can
see how that played out here.
So, did you get some profitable scalping trades from
Infinity Scalper?
Yes, you got a profitable trade in the London session, and
you got one profitable trade in the US session. If you just
followed this blindly, you would have been buying here
into resistance.
What don't you do?
You don't buy into resistance. This is standard trading.
A lot of these strategies make things too simple. I guess I
want to use the word simple. But you still can't ignore just
the basics of trading. If you're trading, and you're buying
long into resistance, what you can do, if there's certain
price action that you're looking for, but in this context, it's
not what you're going to do.
Anything like Infinity Scalper, or Pips Wizard Pro, or any of
the other trading strategies that we've talked about, they
give you the setup. They give you the entry. It's up to you
to filter it out or not filter it out.
This long is filtered out just by the rules in the PDF, which
says do not trade in a non-trending market. Just by looking
at the price action, drawing some simple lines, these are
not trades that you would take. I can guarantee you, I can
guarantee you someone went long right here, went up
two, three pips, and it fell back, got stopped out, and
they're blaming the strategy.
It's not the strategy's fault. It's your fault for not following
the rules.
Anyways, we don't get our first trade short until 9:35. Is
there any reason you would not take this trade? There
shouldn't' be. There's no reason why you wouldn't take
this trade. We got price moving down. It's putting in a
lower low from here. It's putting in a lower high than here.
There's no reason why you don't take this short trade. It
pulls out 28 pips, if you get out here. If you wait till the
opposing signal at 12:55, that's a long trade, that's 52
pips. Again, depends how you trade it.
Anyway, let's go to 8:00 in the morning. 8:00 in the
morning has a trade to the upside, but do we take it? No,
we don't take it. Why not? Because we got this moving
average is down. We just broke out of this area here. You
can actually say this breaks through this and this. You can
actually move your line through here on the consolidation.
Even if you didn't, this still comes up close enough.
Remember, Infinity Scalper is going to give you
the scalping signals. It doesn't know that we've got a
support area through here that's lasted, started at 1:30,
and finally broke here at 6:45. It doesn't know. It's up to
you.
How are you going to trade these? Are you going to trade
right inside, when you've got these basing areas? How are
you going to trade? Have a rule for how you're going to
apply this.
So, anyways, this trade is at 5:35. It's the basing area
we've talked about, but perhaps you don't take it there.
Perhaps you wait just a little bit longer, and see if you can
see some basing. If you wait too long, this has moved
down. So, that's the thing you want to be careful of, all
right?
Eventually it does drop 30 odd pips, or even more so, but
we can't get into this trade. Why? Because at 6:00, when it
finally breaks, you could get into this trade. This is at 5:35,
so I guess you could, because we're saying we're going to
trade till 6:00. Let's just put a line here on the ... This is
your entry price. Get a little bit of heat, but this trade
takes forever. You get out right about here if you're using
the optimal exit for 27 pips, or you just ride it down,
however you want to trade, to the opposing signal, which
is right here. Or you just hang on. I don't know how you
trade it. However you want to trade it. Or you just can just
trail your stop. It all depends on how you trade. Below
highs. Above highs. Okay.
Anyways, so we've got 8:00. We started at ... Sorry. We
started at 3:00. We're working that trade until 6:00. Here's
that 5:35, this trade's set up to go short. Would you go
short right here, or would you say, "Well, I've got some
extremes here, so let me just put my stop order right
here." Well, you could do that, and then look what
happened. Problem is, we're past our time.
This is the kind of trading, and you don't need this strategy
to do this kind of trading, just looking at some basing
before, this kind of stuff here is beautiful when it's at
support, at the top of support, actually, or at the bottom of
resistance, up in these areas here. These are great setups.
Anyways, we're looking to go long. This is telling you long,
this is telling you to go short, but where are we once
again? We're trading inside of how big of this range. Ten
pips. That's even worse. We don't get a short trade setup
till 5:35. This is what I've talked about. Look at the basing
that's going on at support.
Let's draw a horizontal line. Horizontal line. Now, if you
were going ... Well, that's not a proper line. You got to
take into account this. Again, that's at 3:20. It hasn't
happened yet. If you think that you trade, or you put
horizontal support and resistance lines on extremes, well,
that's standard textbook trading, but it's not ... Well, I'll
just leave it there. You can trade that way if you'd like.
Let's move on. Here we are the next day. I'm going to keep
this video short. I'm only going to do a few days, just to
keep it short. You start at 3:00, which is right here. Let's
take a look at the price action. Well, our moving average is
down. The moving average is not part of the strategy. It
tells you to trade with the trend, and that's what we're
doing.
Buy Infinity Scalper
That's the way you're going to build your account up.
That's by scalping and day trading. You can do it by swing
trading, but that's going to take a long time.
So let's wrap it up. Do your own checking with these. I can
just keep on putting videos and videos out there, so just
applying technical analysis to these charts, that's how I
would trade these charts if I was trading these. Some
person had made a comment that I don't even trade these.
Absolutely I don't. I don't need to. I prefer swing trading.
I don't scalp. For a lot of you that have small trading
accounts, why wouldn't you scalp?
If you're trading inside of this, even if you're trading a
strategy that scalps highs and lows, support and
resistance, you're only looking at 11 pips here, so the
room for error is very, very slim.
Take into account price action.
Take into account consolidation.
Take into account trend.
All right. I'm just going to wrap it up here, on this day
here. All I wanted to talk about in this video was if you're
looking at these strategies to be the holy grail, that it's
going to hold your hand, it doesn't happen that way.
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