Scalping System (How to Get More Reliable Entries)
I've being testing this Scalping Strategy with the help of this Post here: forex-strategies-rev...inger-bands-scalping
Using this method shows that 80% of the times these Price actions are very successful.
Credit goes out to Chelo who post the Original Scalping method here: forex-strategies-rev...com/gbp-jpy-scalping and Hessel modified after that to get most out of it: forex-strategies-rev...inger-bands-scalping
I found that if you have MACD/RSI indicators as well you can get a more accurate signal.
Note: It is recommend to take the entry when the price moves between amber and Blue Bollinger Band (with Standard Deviation 3) but this time it even worked when the price just hit near Yellow Bollinger Band (with Standard Deviation:2).
TIP: Make sure RSI go above 70 and reversing down (Don't wait until it hits 60) or go below 30 and reversing up (Don't wait until it hits 40)
Hope this helps
Using this method shows that 80% of the times these Price actions are very successful.
Credit goes out to Chelo who post the Original Scalping method here: forex-strategies-rev...com/gbp-jpy-scalping and Hessel modified after that to get most out of it: forex-strategies-rev...inger-bands-scalping
I found that if you have MACD/RSI indicators as well you can get a more accurate signal.
Note: It is recommend to take the entry when the price moves between amber and Blue Bollinger Band (with Standard Deviation 3) but this time it even worked when the price just hit near Yellow Bollinger Band (with Standard Deviation:2).
TIP: Make sure RSI go above 70 and reversing down (Don't wait until it hits 60) or go below 30 and reversing up (Don't wait until it hits 40)
Hope this helps