Scalping Trading Technique for Frame 5M

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Hey guys, i am usually a swing dealer

I've one other account for scalping, the place i take advantage of the 5m chart to use some easy guidelines

RULES:
- Often 5m tf
- Wait for candle patterns
- Contact of Bolling Bands
- BB center band (20ma) should be below the 50 ema for quick or over for lengthy
- RSI should be overbought for quick and oversold for lengthy

TIPS:
My principal patterns are: Hammer, Doji, Spinng Prime/backside, Star.

INDICATORS:
RSI: 5 intervals, shut, overbout at 80, oversold at 20
BB: 20 interval, 2.000 deviation, shut
EMA: 50 exponencial shifting common 

TRADE MANAGEMENT
-Since it's a scalp technique i often go 1:1 Threat-Reward ratio,
-If the pattern is evident i'm going for band to band TP.
-Sl is below the sample + 1 or 2 pips for lengthy, and over the sample contemplating the unfold
- Wait for sample to validate.

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.