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.
Connected Photos (click on to enlarge)