hello folks,
heres a scalping method i would like to present. i will give a brief description and some pics
the method is based on bollinger bands = BB...i use 3 BBs with the settings on 50,2..50,3...50,4
the 50,3 BB is the important one...everytime, when price is moving between the 50,2 and the 50,3 band, this is a signal to trade against the current direction, cause this signals, that price is short term exhausted and the probability is high for a rebound
the setup i use is on a 1min chart of eurusd and usdyen
target is usually 1-5 pips
exit on losing trades is discretionary !!!!!!! as you have to monitor the market permanetly and decide when to exit
important is that you have to close your trade on the rebound !!!! and take what you can get
heres a scalping method i would like to present. i will give a brief description and some pics
the method is based on bollinger bands = BB...i use 3 BBs with the settings on 50,2..50,3...50,4
the 50,3 BB is the important one...everytime, when price is moving between the 50,2 and the 50,3 band, this is a signal to trade against the current direction, cause this signals, that price is short term exhausted and the probability is high for a rebound
the setup i use is on a 1min chart of eurusd and usdyen
target is usually 1-5 pips
exit on losing trades is discretionary !!!!!!! as you have to monitor the market permanetly and decide when to exit
important is that you have to close your trade on the rebound !!!! and take what you can get
)
