Scalping is a forex trading strategy that is commonly used in such a short time frame of one minute or 5 minute time frame to take a small profit . The following is one of the scalping strategies . The following is a scalping strategy . Use this strategy in London and U.S. market timings as this is when the market is in a trend of movies most of the times . Use strategy in London and the U.S. market timing because this is when the film market in most of the time trend . You can use this strategy from one or two hours before the London market as the market sometimes starts moving in a trend before one or two hours of the London market begins . You can use this strategy from one or two hours before the London market as the market sometime before the trend begins to move within one or two hours of the London market began .
Time Frame : 1 Minute Time Frame : 1 Minute
Indicators : Indicators :
25 period exponential moving average 25 period exponential moving average
50 period exponential moving average 50 period exponential moving average
100 period exponential moving average 100 period exponential moving average
Currency Pairs : Since scalping involves small profits in a smaller times like few minutes to an hour this technique is better for the currency pairs that have small spreads like EURUSD , GBPUSD etc . Currency Pair : Since scalping involves a small gain in time that is less like a few minutes to an hour of this technique is better for the currency pair that has a small spread like EURUSD GBPUSD etc.
Order Entry : Enter long trade when the price crosses above the all the moving averages . Buy Entry : Enter distance trade when price crosses above all moving averages . When you get a 5 to 10 pips profit exit the trade . When you get a 5 to 10 pip profit out of the trade . You can use the stop loss below the last low of the price . You can use a stop loss below the last low price . The following is an example of buy entry
Tidak ada komentar:
Posting Komentar