Scalping Method for EURO and YEN

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 chart from today 9th oct....

the possible signal on usdyen are market red...i made 2 trades and took a tiny profit (i came in a bit late today )

second is eurusd...i traded in and out in the 20-25 zone....price moved between the 50,2 band and the 50,3 band....as mostly, i closed trade way to early

of course, there are conditions, when this method is NOT working....the most important are breakouts...if you have a breakout of a consolidation pattern, you have to let the market make 3 pushes to the up- or downside FIRST...you can take the signal to go against the third high or low, but NEVER EVER trade against the first push

when the market swings in a low momentum down- or uptrend, this is the best condition....you will get signal on both side most of the time

this method requires screentime cause you have to sit in front of the market..sometimes i use lmt orders to catch a possible spike, but usually i enter on market


ok, i will post some pics of trades in the upcoming days to illustrate things a bit more

heres a pic of 2 trades today...first one was to late (and morebased on the double top)....second trade was also late...i had some lmt sell order on the BB zone, but got no fill

This looks interesting....thanks.