Scalped 30 pips out of the EC futures contract which is just about the same as EURUSD for those not familiar with the instrument.
.25% pierce of BB into an area of supply. Very easy scalping system with even more efficiency on 240 minute and daily charts but I like to take them on the 60 minute chart as well. Profit target is Bollinger Band where the .25% pierce occurred (1.3611). Profit target two is 20 EMA. Theory behind trade is that price has gone up so much so fast that an imbalance has occurred and you are looking for the snap back into the bands. Let me know what you guys think.
.25% pierce of BB into an area of supply. Very easy scalping system with even more efficiency on 240 minute and daily charts but I like to take them on the 60 minute chart as well. Profit target is Bollinger Band where the .25% pierce occurred (1.3611). Profit target two is 20 EMA. Theory behind trade is that price has gone up so much so fast that an imbalance has occurred and you are looking for the snap back into the bands. Let me know what you guys think.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.