Stochastic star 15 min scalping FOREX strategy
The most suitable time to implement this strategy is during volatile market conditions. During this time, trading costs are also relatively low, and liquidity is high, which is essential for the scalpers to take a trade. We will be using two exponential moving averages in this strategy. Below are the indicators that one needs to apply to their charts. The two EMAs are used to indicate the trend in the 5-minute chart. To identify the larger trend, a trader will have to change the time frame to minutes.
Identifying the bigger trend is crucial to understand the overall direction of the market. If a faster period EMA crosses above the slower EMA period , it means the prices are starting to rise, and the uptrend is more likely to be established. Similarly, a cross of faster EMA below the slower EMA indicates a drop in the price, and that also means a downtrend is about to form.
Always make sure to take trades in the direction of the major trend. This is one of the most important steps in this strategy as prices tend to make false moves after strong ups or downs. By waiting for the pullbacks, we can prevent ourselves from entering long or short positions too early. Finally, the Stochastic indicator gives the confirmation signal and helps us to take only highly-profitable trades. A reading above 80 indicates that the recent up move was strong, and a down move can be expected at any time. This is referred to as the overbought market condition.
Simple 15 min Forex Scalping Strategy
Stochastic Oscillator 5,3,3 with levels 40 and 60 determine the time for entry. Parabolic Sar dot below the candle. Slow MACD histogram above zero line. Stochastic crosses upward 60 level.
Ultimate Forex Scalping Guide and 1-Minute Scalping Strategy Explained
Max two entry in the same direction this is a choice discretionary. Profit target pips depends by pairs. Place initial stop loss 1 pip below the Parabolic SAR dot or pips. Slow MACD histogram below zero line. Stochastic crosses downward 40 level. Place initial stop loss 1 pip above the Parabolic SAR dot or 20 pips. In charts below random trades examples. Tags : Scalping Strategies. By the way except your follow up articles on your journey of becoming millionaire are you putting up some page or going to use some resource where we can following you while trading live or anything like that or are you planning to give signals for market entry exit?
Just a suggestion if there is anything more interactive can be setup then I guess it will be very helpful for you and for us as well in terms of learning. Overall I am really looking forward to follow you on this journey and Most of all congrats on doubling your money in first day its amazing I must say.
Good luck to you. And yes, I'll be addressing that and other issues in future reports here. Where are the trades? Do you have fxjunction? Is there a page with chart entrys to prove this works? What sessions are you trading?
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How many hours are you sitting waiting for the 5 10 cross? Thx for the time and good luck Jack.
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You maybe my new here. Tomi - Watch for the next report later this week for info on where you can follow this at MyFxbook. I trade primarily the NY morning session, but sometimes often Mondays and Fridays trade the London session. Occasionally I take a flyer in the Asian session, but only rarely. Hi Jack, Totally awesome results already. I hope you'll tell us how much of your account you risk and how you manage the trade. I'm ready to make my million!! You have coffee???
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My new best friend! Yeah, there's just too much to fit into any one article, so I plan to do a weekly column here on this providing additional information. I'll be examining trades I've made, and hopefully those examples will help you get a clearer idea as we go along of exactly how this strategy works.
Good Job on doubling already Jack and good luck with this venture. Will be keenly watching this. Are you going to post screenshots for people to see or an ongoing commentary? I was fortunate. Just one of those days where I nailed everything. Thanks for your good wishes. I'm glad the 13th didn't fall on a Friday. Not that I'm superstitious or anything.
And the funny part is well, one of many funny parts , I was trying out a new trading platform that I'm not really familiar with, and I kept entering orders wrongly and having to re-enter them. Hi Jack, thanks for the great article. Thanks for sharing! Hi Chris! Yes, getting good entry points where you can run tight stops is very important here. Now I'm stuck with, "Greaat, how do I pull that trick off again?
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Strategy Overview
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Info tradingstrategyguides. Facebook Twitter Youtube Instagram. It was kept closely guarded for centuries by inscrutable Zen currency traders: Open a new chart, set the time period to 15 minutes. Author at Trading Strategy Guides Website. Raja Nagarajan says:. February 10, at am. TradingStrategyGuides says:. February 12, at am. Mbulelo Ndubane says:.
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January 30, at am. March 29, at pm. Khanh says:. April 30, at pm.