Forex-strategies-revealed scalping system #4
EURUSD M5 Chart 2. Profit target are 7 pips and 10 pips 5. Stop loss is 15 pips. General rule of trading is to trade only once a day and after After 3 pm we wait for stochastics to go above 80 or below 20 and exactly at the close of that candle we will go short or long respectively. Look at the chart below, this was the previous signal for last day: This is another example of this method: There is another rule here: This is called Stochastic neutral zone in this method, so if stochastic was already in the strike zone then you should wait for it to go in the neutral zone and then wait for a signal.
This method works great in low volatility market, I choose after So we can use this method whenever we find out price action is narrow and volume is too low such as this week and also holidays. I will write about my general idea about this issue later. Comments are open so if you have got any ideas and opinions please do not hesitate to write it down.
Learn Our Best Trend Trading Strategy. The second example had an entry 15 1. According to the chart the price went to 1. Either way it would have been close. I cant understand that. Thank you Gerardo for reading my article. I would be happy if you write comments about it and also tweet back to me. Thanks and have a great WE too.
Thanks Mani for share, it sounds very good, and some trader said it works nice!!!! I will try it, and commento tu you.
Thank you for you comment. Do you use the strategy in Fridays as well?
Scalping system #22 (Simple scalping) | Forex Strategies & Systems Revealed
Are you only taking the first signal? Thank you for the elucidation!
Forex Scalping - Extensive Guide on How to Scalp Forex
Mani, This is a great way to take low risk trades. The market just goes into a dead zone after about 1pm est. Talk with you soon. Thank you too Casey. I enjoy helping traders to make pips, exactly the same as what you do in Winners Edge Trading. Yes Conrad, Stochastic might be a little bit different in different platforms, this is because of spreads and also platform time. Maybe the best chart is FXCM or IBFX.
No moving averages have no impact in this method. Those were my default template. Stochastic looks different on my chart? I think we can fine tune this method and use it in other times as well.
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It needs more works. I want to thank you Tim for trying this method and I appreciate your time and supports. Really thanks for your comment. Yes I know some great traders who their goal is only 10pips per day. Money is money and Profit is profit. The most important thing here is to have a profitable strategy and a plan.
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Trade77; A Profitable Scalping Strategy Revealed Written by admin on October 13, 22 Comments. Stop loss is 15 pips How to Trade: Learn Our Best Trend Trading Strategy The following two tabs change content below. Winners Edge Trading was founded in and is working to create the most current and useful Forex information and training available on the internet.
Latest posts by admin see all. Does this work on the emini. You are welcome Jone. Just stick with the rules. Thanks for your comment.
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I like this one a lot Mani. Thank you for sharing. Thanks Imran for your comment. I do appreciate it. I LOVE THIS STRATEGY! THANK YOU SO MUCH MANI!!!
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