thought id throw up this simple forex scalp trade
works well in a trending market(note i said IN A TRENDING MARKET)
macd standard settings
20 ema
clear up trend
i have my scalping trades set to a 10x multiplier since im in and out to grab quick profits not recommended for the novice trader
Im not a scalp trader by all means but give it a go if you wanna try your hand..id recommend using small position sizes to start with)
trigger:take trade when the 2nd green candle forms on the macd (2nd green candle) once it crosses the 0 on the macd
make sure the green candle is forming above the 20 ema
exit the trade when you feel comfortable..there is usually a pull back after 1-2 green candles depending on the strengh of the trend..you can hold your position and ride the trend up..or you can xit and grab some small profits..
and remember..What works for me may not work for you and vice versa
Happy Trading
Please do post your results/comments ect ..winners or loosers..not every trade will be a winner and set your stop losses at your own discretion..cheers
Happy Trading All
works well in a trending market(note i said IN A TRENDING MARKET)
macd standard settings
20 ema
clear up trend
i have my scalping trades set to a 10x multiplier since im in and out to grab quick profits not recommended for the novice trader
Im not a scalp trader by all means but give it a go if you wanna try your hand..id recommend using small position sizes to start with)
trigger:take trade when the 2nd green candle forms on the macd (2nd green candle) once it crosses the 0 on the macd
make sure the green candle is forming above the 20 ema
exit the trade when you feel comfortable..there is usually a pull back after 1-2 green candles depending on the strengh of the trend..you can hold your position and ride the trend up..or you can xit and grab some small profits..
and remember..What works for me may not work for you and vice versa
Happy Trading
Please do post your results/comments ect ..winners or loosers..not every trade will be a winner and set your stop losses at your own discretion..cheers
Happy Trading All
