This my first thread in Foreign exchange Manufacturing unit. I current my minimalistic technique which brings me about 20 pips every day on common for the final three months. Foreign exchange scalping doesnt must be difficult in any respect. This easy technique with primary indicators that may be utilized to low unfold forex pairs. Use on the 1 min charts as indicators intervals are tuned for this actual time-frame.
- 1 min. charts
Buying and selling classes:
- London session, US session
Foreign money pairs:
- Low unfold (EUR/USD, USD/JPY)
- 12-interval Exponential Transferring Common (EMA 12) utilized to the Shut
- 26-interval Exponential Shifting Common (EMA 26) utilized to the Shut
- fifty five-interval Shifting Common (MA fifty five) utilized to the Shut
Entry Guidelines for Lengthy Trades:
- 12 EMA crosses up the 26 EMA and fifty five MA from beneath
- Open purchase place
- Place protecting cease-loss under the newest swing low
Entry Guidelines for Brief Trades:
- 12 EMA crosses down the 26 EMA and fifty five MA from above
- Open promote place
- Place protecting cease-loss above the latest swing excessive
Exit Guidelines for Quick and Lengthy Trades:
- Watch Value Motion. Exit commerce when 7 to fifteen pips revenue.
You may take a look at some other indicator on prime of that if it fits you. I usually use DAILY PIVOT and test 15M time-frame with WEEKLY PIVOT for wider data.
Cease Loss and Take Revenue:
All of the Finest!