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FOREX SCALPING STRATEGY
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- 2. The trading offorex or any securities may not be suitable for everybody. You should be aware of the risks inherent in the market. Past performance does not guarantee or imply future success. You cannot assume that profits or gains will be realized. The strategies discussed may result in the loss of some, or all, of any investment made. It is recommended that you consult a stockbroker or financial advisor before buying or selling any securities, or making any investment decisions. You assume the entire cost and risk of any investing and/or trading you choose to undertake.
- 3. Forex scalping doesn’tneed to be complicated at all. Here we will discuss a very simple forex scalping strategy with basic indicators that can be applied to low spread currency pairs and is best used on the 1 minute trading charts. The Strategy
- 4. Chart Setup Indicators: 12exponential moving average, 26 exponential moving average, 55 simple moving average Time frame(s): 1 min charts Trading sessions: London session, US session Currency pairs: Low spread (EUR/USD, USD/JPY) The Strategy
- 5. Trading Rules Long Entries: •When the 12 EMA crosses up the 26 EMA and 55 EMA from below then open a buy position. • Place protective stop-loss below the most recent swing low. • Exit the trade for 9 to 15 pips profit Short Entries: • When the 12 EMA crosses down the 26 EMA and 55 EMA from above then open sell position. • Place protective stop-loss above the most recent swing high • Exit the trade for 9 to 15 pips profit The Strategy
- 6. USD/JPY 1 MinChart Example The Strategy
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