247# Trendline Scalping

Submit by Nico 04/11/2012

 

Time Frame 15min;

Currency pairs:any.

Indicators: (TradersCupu indicators)

Doda Bollinger,

Heiken Asci,

Pivot, Support and Resistence

TrendLine

 

Rules

Open the chart time frame of 60 minutes.

Determine the trend with the indicator trend line. If the price is above the trend line green. the trend is positive. If the price is below the trend line red the trend is negative.

After open the chart timeframe15 min, open a trade only in the direction of the trend of 60 min chart.

Example in the chart EUR/USD to 60 min, the trend is negative. We open the graph 15 minutes here, too, the trend is negative. Selling only Sell.

Example in the chart EUR/USD to 60 min, the trend is positive. We open the graph 15 minutes here, too, the trend is negative. Not trade.

 


Exit position options:

profit target 12-18 pips depens by currency pairs

take profit on the level pivots points;

exit when appears oppsite dot.

 Place Stop loss2 pips above or below dots of Doda Bollinger indicator.

 


 

In the pictures Trendline Scalping in action.

Trend line Scalping
Trend line Scalping forex trading system
Trend line Scalping.rar
compressed file archive 11.1 KB

 

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 0