In this straight forward scalping technique the Bollinger bands are used as reversal sign however the trading manner is trend following. On no account trades befor the fiscal news.
Time Body 5 min or greater
Foreign money pairs: for 5 min time period and 15 min substantial, for different time period all foreign money pair and markets.
Session London and New York.
Foreign exchange indications:
Bollinger bands (20, 2);
Ema (2);
EMA (11);
EMA (21),
Buy
For long entry there are two situation:
First situation: wait that the associated fee contact or destroy the decrease band;
Second: Wait tha ema (2) is above EMA 11 amd EMA (21) and stochastic move upward.
Sell
For long entry there are two situation:
First condition: wait that the associated fee touch or break the higher band;
2d: Wait tha ema (2) is lower than EMA 11 amd EMA (21) and stochastic move downward.
Exit location
time period 5 min:
Earnings goal= EUR/USD eight pips, GBP/USD 10 pips, AUD/USD 7 pips.
initial cease loss 15 -18 pips.
Bollinger bands Scalping Manner
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