183# 1 min Scalping Trend Following
Submit by Maximo Trader 01/02/2012
Time Frame: 1 Minute.
Currency pairs: Major.
Forex Indicators:
Currency Pairs: Since scalping involves small profits in a smaller times like few minutes to an hour this technique is better for currency pairs that have small spread like EURUSD, GBPUSD etc.
Buy Entry: Enter long trade when the price crosses above the all the moving averages. When you get a 5 to 10 pip profit exit the trade. You can use the stop loss below the last low of the price. The following is an example of buy entry.
Sell Entry: Enter sell trade when the price crosses below all the moving averages. When you get a 5 to 10 pip profit exit the trade. You can use the stop loss above the last peak of the price. The following is an example of a sell entry.
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Forextradingstrategiesresources (Thursday, 13 June 2013 15:32)
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