Scalping is one of the most popular trading strategies that have been around for a long time, in which traders basically execute buy and sell orders multiple times a day. Traders who use this strategy are called scalpers, and they can open more than 10 trades in a single day. The goal is to take advantage of small price movements throughout the day.Since scalpers could open several traders in a very short period of time, it's important to maintain the winning consistency. To get maximum profit, they must enter and exit the trade in a matter of minutes or even seconds. Scalping with Bollinger BandsBollinger bands is a quite popular trading indicator that's often used in technical trading. The indicator consists of three bands, namely the upper band, middle band, and lower band. These bands move along with the price movement and are used to inform the asset's volatility, whether it's rising or falling. The distance between the three bands is measured by volume. So, the greater the volume, the wider the distance of the bands.There are several advantages of using Bollinger Bands for scalping. For instance, it works well even in non-trending markets.Here are the main guidelines for using Bollinger Bands to scalp in a 5-minute chart:• Once you place the indicator on the chart, you need to find a ranging market, which is usually shown by flat or almost flat Bollinger Bands. In this strategy, you don't need to wait for a huge price swing to open a trade.• Watch the price movement closely and wait until the price touches the upper band or the lower band. This shows that the price might reverse, giving you a perfect opportunity to enter the trade. During a downtrend, wait until the price touches the lower band and then open a buy position. Conversely, if the market's in an uptrend, wait until the price touches the upper band to open a sell position.• Place a stop loss close to the entry price. If it's a buying trade, place the stop loss below the entry price, and if it's a selling trade, place the stop loss above the entry price.• Close the trade when the price touches the opposite band (the upper band for a buying trade and the lower band for aselling trade). Since you are using a short term chart, usually it won't take long for the price to reach the exit point. Therefore, make sure you watch the chart closely so you won't miss the signal.The 5 Minute "Momentum" Trading StrategyThe next strategy that we're going to talk about is the momentum trading strategy. As the name suggests, the strategy helps the trader to find momentum bursts on short-term (5-minute) charts. There are two indicators used in this strategy, namely 20-period Exponential Moving Average (EMA) and Moving Average Convergence Divergence (MACD).The strategy uses EMA instead of Simple Moving Average (SMA) because EMA puts more weight on recent price movements, which is crucial for fast momentum trades. In short, the EMA indicator is used to identify the trend and the MACD is used to measure the momentum. The combination of the two makes a great strategy for scalping.The idea of this strategy is to wait and enter the trade only when there's a reversal opportunity that's followed by a momentum big enough to create a large extension burst. In order to exit the trade, traders must close in two separate segments:• To lock in profits and ensure that the trade is winning.• To maximize profits with small to no risk because, at this point, the stop loss has been moved to the break even level.we have learned that there are at least two strategies that you can use to scalp on short term (5-minutes) charts. Scalping can be a great choice to improve your trade as it can minimize your exposure to losses and help you generate profit even in the flattest markets.💫 Hope you liked this article and always dyor and use stop loss ✅FOLLOW FOR MORE🤗