Hi everyone. I'm getting closer to scalping, and being a fan of moving averages, I'm trying to use them as layers to take advantage of trend pullbacks.
Trade only gbpusd (good volatility, good trends) from 8:00 to 14-15.
In addition to the moving averages (26,50,100,200 periods) use:
the stochastic, going to buy in oversold when the trend is bullish, and going to sell when the price is overbought in a bearish trend.
A trend indicator based on hma, which I find very reliable, is multitimeframe and I use 15 min on a 1m chart.
My tp is about 5 pips and my stop loss is mental.
The first week was not bad, I find only difficulties when the price tends to stagnate too much in overbought / oversold. Do you think there is a way to get a "cleaner" signal?
Trade only gbpusd (good volatility, good trends) from 8:00 to 14-15.
In addition to the moving averages (26,50,100,200 periods) use:
the stochastic, going to buy in oversold when the trend is bullish, and going to sell when the price is overbought in a bearish trend.
A trend indicator based on hma, which I find very reliable, is multitimeframe and I use 15 min on a 1m chart.
My tp is about 5 pips and my stop loss is mental.
The first week was not bad, I find only difficulties when the price tends to stagnate too much in overbought / oversold. Do you think there is a way to get a "cleaner" signal?