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Hassle-free Scalping Technique By means of Bollinger Bands

September 24, 2017 by admin Leave a Comment


 

 

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),

Stochastic (5,3,3).

 

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.

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