18# Scalping with pivot levels
Pivot point levels Scalping System
Submit by Kevin 26/02/2012
- Stochastic (10,5,5) with 15 and 85 levels;
- MACD Divergence (just an addon..not necessary);
- Autopivot V.5 ( daily , weekly , monthly ).
Buy at the end of a green candle with these conditions:
- rsx (5 ) is below 20 area;
- the price is above a daily pivot level;
If we have an additional bullish divergence on the MACD window we have a quiet low risk and easy buy.
Sell at the end of a red candle with these conditions.
- rsx (5 ) is above 80 area;
- the price is belowe a daily pivot level;
Scalping with pivot levels Indicators
If we have an additional bearish divergence on the MACD window we have a quiet low risk and easy buy.
Profit targets next pivot levels.
Stop loss above/below next pivot level +5-7 pips in addition.
Scalping Trading Systems