Skip to main content

Scalping forex strategy - scalping in silence (gain 13 points)

By

Forex Scalping Strategy - Scalping in silence (gain 13 points)



Opening a long position
To determine the point of entry, it is necessary to plot the Fibonacci levels (Box gt; Fibonacci gt; Line). Looking forward to breaking or price rebound from 1st Parabolic (green), and then plot the Fibonacci lines (lower level - at least until the last big turn Parabolic, upper level - a maximum of Japanese Candlestick, where he was a reversal (breaking) Parabolic).
Opening a position In that moment, when the price reaches the 50% level Fibonacci.
Closing the deal, if the price reached the level of 161.8%.
Stop loss better to put 2 points below the last minimum before turning Parabolic (lower level for our Fibonacci lines).

Example: EURUSD, M1 (11.04.2011)


At 11.58 the price jumped from green Parabolic (0,02 and 0,2). We put on the chart Fibonacci lines. The lower level (level 0 Fibonacci) - a local minimum (red candle at 11.55). The upper level (level 100 Fibonacci) - a local maximum (green candle in 11.58). Because the price is not reached the level of 50, we wait.
12.11 In opening the deal to buy at 1.4453 (after blue Parabolic (0,005 and 0.05) upwards). Stop-loss - 5 points.
Maximum, shown to the nearest euro rollback - 1.4464 (just below the Fibonacci level of 161.8%.). That is, when you install the trailing stop of 1 item (special program) or closed manually at the minimum profit, we have up to 11 points - 2 points spread = 9 points.
If we waited rollback (stop loss is still out of reach), you could earn 1,4468-1,4453 = 15 - 2 points = 13 points spread net profit.

For transactions on sale - mirror action.
We do not advise to use for more than one transaction 2-4% of the deposit.


Remember that the gains from trade is highly dependent on you have chosen a broker!



Labels:

Comments

Post a Comment

Popular posts from this blog

Pin Bar Trading Strategy - Price Action Setups

By
Pin Bars - Price Action setups The tops of the bars on each side "nose" are the "eyes". Please note that Open and Close PB, ie nose should be in the redistribution of the left eye. Pin-bar can be traded as a single figure, and in combination with others. These include Fibonacci levels, important pivot levels (reversals), moving averages, peaks and main swing, fusion (the MA or Fib levels), rollbacks of current movements (not less than 23% Fib). For greatest reliability worth trade PB occurring at the maximum or minimum swing, or repelled from the merger. Figure 2 PinBar - a very reliable pattern Price Action. Trading on the pin-bars For beginners we recommend to put a stop order (or limit) directly under the base of the PB, about 10 points lower. Foot and input orders should be placed in 10 locations from the extrema, as the price may be a bit to go beyond the maximum or minimum. Figure 3 If current orders we receive profits, trail the
Post a Comment
Read more

Leverage Forex, what is better to choose?

By
Leverage Forex, what is better to choose? So, what is meant by the definition of “ leverage Forex ”? It is the ratio of the volume with which the trader works to the total amount of funds held in the account. This ratio is designated as 1:100 (pronounced - one in one hundred). That is, having the Deposit, say, $ 100, you can trade in the amount of $ 10,000.  Values leverage Forex can be different. A good Forex broker provides leverage Forex from 1:20 to 1:500. The last option is very risky, although good traders salpingotomy and/or other aggressive trade. Optimal consider the ratio of 1:100, with the option risks:yield as balanced as possible. Special attention to the choice leverage Forex should be given to new traders. Because the maximum degree of risk in each transaction is considered to be 1-3% of the Deposit. The higher this will leverage Forex, the higher the risk of loss of Deposit. Accordingly, reducing the leverage of Forex (and, hence, the volume of trading p
Post a Comment
Read more

Model absorption - price action setups

By
Model absorption - Price Action setups Because of the contrast, MP for the trader relatively high probability of a good, profitable entry into the market. Required components of the bright signal - 2 candles that follow one after the other (or bullish and bearish or vice versa). In this case, the second candle surpasses the first value of his body, as if absorbing it. Fig.1 Bullish and bearish absorption For MP important are the following conditions: 1. Presence of a pronounced upward or downward trends can be short. 2. The body of the second candle should be more (absorb) the body first. Shadows can not be absorbed, then the signal is considered to be weaker. 3. The body of the second candle should be a contrast in color to the body first. Exception: a small body of the first candle ( Dodge or close to it). Figure 1 you can see both versions of the MP. Cover only the size of the body of the second candle, not its shadows. Bear MF often represented by a small candle of any color (
Post a Comment
Read more