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    Forex Price Action Scalping Strategy: Tools of The Trade

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    gunawan kertosono
    The document describes a forex scalping strategy that uses 1-minute charts of the EUR/USD and GBP/USD currency pairs during European and US trading sessions. It utilizes a 50-period exponential moving average and looks for opportunities to enter trades when the price breaks above or below falling or rising trendlines, respectively. The strategy aims for a maximum risk of 15 pips per trade with a profit target of 15 pips or more.

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    Download as PDF, TXT or read online from Scribd

    Forex Price Action Scalping Strategy: Tools of The Trade

    Uploaded by

    gunawan kertosono
    123 views2 pages
    The document describes a forex scalping strategy that uses 1-minute charts of the EUR/USD and GBP/USD currency pairs during European and US trading sessions. It utilizes a 50-period exponential moving average and looks for opportunities to enter trades when the price breaks above or below falling or rising trendlines, respectively. The strategy aims for a maximum risk of 15 pips per trade with a profit target of 15 pips or more.

    Original Description:

    Strategi forex

    Original Title

    Strategi for Ex

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    The document describes a forex scalping strategy that uses 1-minute charts of the EUR/USD and GBP/USD currency pairs during European and US trading sessions. It utilizes a 50-period exponential moving average and looks for opportunities to enter trades when the price breaks above or below falling or rising trendlines, respectively. The strategy aims for a maximum risk of 15 pips per trade with a profit target of 15 pips or more.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    123 views2 pages

    Forex Price Action Scalping Strategy: Tools of The Trade

    Uploaded by

    gunawan kertosono
    The document describes a forex scalping strategy that uses 1-minute charts of the EUR/USD and GBP/USD currency pairs during European and US trading sessions. It utilizes a 50-period exponential moving average and looks for opportunities to enter trades when the price breaks above or below falling or rising trendlines, respectively. The strategy aims for a maximum risk of 15 pips per trade with a profit target of 15 pips or more.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Forex Price Action Scalping Strategy

    The 15 pip breakout forex scalper is developed to trade the EURO/USD and GBP/USD
    with great accuracy during the Euro and US sessions. The average stop loss is only 8-9
    pips wide while the minimum profit target is 15 pips or better.

    Tools of the trade

    • 1 Min forex chart


    • Falling and rising trend lines.
    • Preferred currency pairs: EUR/USD and GBP/USD
    • Preferred trading sessions: EURO and US

    Forex Indicators:

    50 exponential moving average (EMA)

    EUR/USD Buy Trade Example


    Forex Trading Rules:

    BUY TRADE

    1) The 50 exponential moving average is sloping up and the currency exchange price is
    trading above the 50EMA.

    2) Draw falling trend lines in the up trend (see chart above).

    3) BUY the Euro/Dollar or Pound/Dollar if the price breaks and closes above the falling
    trend line.

    4) Place your stop loss 1 pip below the breakout candlestick. Your stop loss should
    never exceed 15 pips.

    5) Take profit objective is 15 pips or better.

    SELL TRADE

    1) The 50 exponential moving average is sloping down and the currency exchange price
    is trading below the 50EMA.

    2) Draw rising trend lines in the downtrend.

    3) SELL the Euro/Dollar or Pound/Dollar if the price breaks and closes below the rising
    trend line.

    4) Place your stop loss 1 pip above the breakout candlestick. Your stop loss should
    never exceed 15 pips.

    5) Take profit objective is 15 pips or better.

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