293# Support and Resistance Scalping
Scalping Trading System
Submit by Joker 17/02/2013
Time Frame 5 min or 15 min.
Great Support and Resistance FX,
Fibo pivot 3, indicator,
Bands Modified (deviations 2.0) indicator.
The Rules for for Support and Resistance scalping are easy.
Wait the price breaks lower bands and touches the support line, after entry buy at open next bar.
Wait the price breaks upper bands and touches the resistance line, after entry sell at open next bar.
At the levels of the Fibonacci pivots.
Profit Target predetermined, depends by time frame and currency, or ratio 1:1 stop loss.
Stop lossfor buy 3 pips above the lower bands.
Stop loss for sell 3 pips below the upper bands.
In the pictures Support and Resistance Scalpingin action.
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