How To Do Scalping ? Is Scalping Strategy For You ?
This 1-minute scalping strategy is really easy to learn and can be extremely profitable if used correctly. Here's what you need to get started: Asset : The asset you are trading should be trending. Time frame : Of course, your chart should be set to a one-minute time frame Indicators : You'll need to use the Stochastic 5, 3, 3, and the 50 EMA/100 EMA Sessions : Trade in the highly volatile New York and London trading sessions HOW TO ENTER A LONG POSITION Let's focus on how to enter a long position on the strategy. A buy position in the scalping strategy will need to meet the following criteria: To enter a buy position, we first need to wait until the 50 EMA (Exponential Moving Average) is above the 100 EMA. Secondly, we need to wait for the price action to return to the EMA's. Finally, the Stochastic Oscillator must break above the 20 level.