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18# Scalping with pivot levels

Pivot point levels Scalping System

Submit by Kevin 26/02/2012

 

Scalping with pivot levels, Metatrader Indicators :

- Stochastic (10,5,5) with 15 and 85 levels;

-RSI (14) rsx (12) with 20 and 80 levels;

- MACD Divergence (just an addon..not necessary);

- Autopivot V.5 ( daily , weekly , monthly ).

 

The Pivot points show us the daily range which is likely to be filled within the london and ny session.

Buy at the end of a green candle with these conditions:

- rsx (5 ) is below 20 area;

- Schaff Trend Cycle ( 100 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;

- Schaff Trend Cycle ( 0 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 with pivot levels
Scalping with pivot levels

Scalping with Pivot

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scalping with pivot levels
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Scalping with pivot levels Indicators
Scalping with pivot levels Indicators
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