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.
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