Momentum, Pullback, Engulf
Hey to all,
I’m going to share with you my scalping system. Its quite simple and sort of much like my 45mother system however a lot less complicated. The essential idea is taking trades of the pullback from present momentum.
I take advantage of the minute chart, Macd and Engulf sample.
When value good points bullish/bearish momentum by stretching the Macd bars far sufficient, then look forward to pullback, as soon as the PB happens then search for the primary Engulf candle as an entry level, thats it.
(Vital level; Your Engulf entry level should be inside Macds momentum path.)
As much as you!!… Ideally getting 10 pips is an efficient goal. You may take much less or extra based mostly on what you see off the PA.
You may set your cease proper above or under the PB finish level, which normally is between 4 to seven pips. Your RR could be 1:1 at worst most often.
Advance degree could be having NO Stops by trying to give the commerce time and further probabilities to fall into revenue for you and avoiding untimely exit loss. If it goes towards you by completely shifting the opposite means then you definately look to exit off the PB for decrease injury. I do know this half raises points however belief me its the higher option to commerce and higher ends in the long term.
Finest time to commerce is London first just a few hours and the u.s overlap… however anytime that you just see strong momo transfer its good to go.
Commerce small, search for greatest patterns on a number of crosses and repeat the identical factor time and again.