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

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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!



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