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MICRO TRADING TECHNIC WITH 1 MINUTE CHARTS
FROM WWW.FOREXDOMINION.COM
Introduction
• This is an ideal trading technique for scalpers who
prefer fast trades in the Forex market.
• With this trading system, the traders can take advantage
of small movements that occur in different currency
pairs
• It can be used in 1 minute candlestick charts.
Trade Set-up and Indicators
• 1 candlestick chart of 1 minute.
• Bollinger Bands fixed in 18, exponencial.
• Relative Strench Index (RSI) in 14 periods.
• MACD Histogram (default configuration).
• 1 Exponencial Moving Average (EMA) of 3 periods at close.
System Example
Trading System Rules
• The EMA 3 should cross through the midline of the
Bollinger Bands 18.
• The RSI and the MACD Histogram must be above 0
(MACD) and above 50 (RSI) for the buy signal.
• When the MACD is below 0 and the RSI is below 50 the
signal si to open a short position.
Trading System Rules
• This is a scalping system. The trader should take small
profits. It is no designed for big movements.
Note: It is advisable to practice with this trading strategy in
a demo account before trading with real money.
Additional Notes
If scalping is not your trading style, we can try other
combinations of moving averages in the same 1 minute
chart that best suit our trading style and market vission:
• EMA 7 and Bollinger Bands with a middle line of 18.
• EMA 5 and Bollinger Bands with a middle line of 20.
• EMA 10 and Bollinger Bands with a middle line of 20.
Source of Information
This trading technique was extracted from:
http://www.forexdominion.com/2017/04/scalping-trading-system-1minute-charts.html
You can follow us at:
https://plus.google.com/u/0/b/103800997893545828757/
https://twitter.com/forexdominion
https://www.pinterest.com/tecnicastrading/forex-dominion/

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Micro trading technic with 1 minute charts

  • 1. MICRO TRADING TECHNIC WITH 1 MINUTE CHARTS FROM WWW.FOREXDOMINION.COM
  • 2. Introduction • This is an ideal trading technique for scalpers who prefer fast trades in the Forex market. • With this trading system, the traders can take advantage of small movements that occur in different currency pairs • It can be used in 1 minute candlestick charts.
  • 3. Trade Set-up and Indicators • 1 candlestick chart of 1 minute. • Bollinger Bands fixed in 18, exponencial. • Relative Strench Index (RSI) in 14 periods. • MACD Histogram (default configuration). • 1 Exponencial Moving Average (EMA) of 3 periods at close.
  • 5. Trading System Rules • The EMA 3 should cross through the midline of the Bollinger Bands 18. • The RSI and the MACD Histogram must be above 0 (MACD) and above 50 (RSI) for the buy signal. • When the MACD is below 0 and the RSI is below 50 the signal si to open a short position.
  • 6. Trading System Rules • This is a scalping system. The trader should take small profits. It is no designed for big movements. Note: It is advisable to practice with this trading strategy in a demo account before trading with real money.
  • 7. Additional Notes If scalping is not your trading style, we can try other combinations of moving averages in the same 1 minute chart that best suit our trading style and market vission: • EMA 7 and Bollinger Bands with a middle line of 18. • EMA 5 and Bollinger Bands with a middle line of 20. • EMA 10 and Bollinger Bands with a middle line of 20.
  • 8. Source of Information This trading technique was extracted from: http://www.forexdominion.com/2017/04/scalping-trading-system-1minute-charts.html You can follow us at: https://plus.google.com/u/0/b/103800997893545828757/ https://twitter.com/forexdominion https://www.pinterest.com/tecnicastrading/forex-dominion/