Scalping Strategy on 5 min Charts

bull375

Regular Member
Hi All,

This is a Price Action Scalping strategy on 5 min charts using indicators Simple Moving Averages 20 SMA, 40 SMA and 50 SMA. This is a good Risk to Reward ratio strategy....

Check the trend on Weekly, Daily, H4, etc and work your way down to make sure you are not trading into major Support or trading into major Resistance........ Stay out of the market during news releases to avoid whipsaws...

Look for a nice trend in place with 20 SMA , 40 SMA and 50 SMA above each other or a nice breakout from consolidation when 20 SMA, 40 SMA and 50 SMA are all flat and moving sideways. If the SMAs are choppy then stay out of the market and wait for nice trend to occur...

Look for the Hotspots at relevant Support/Resistance and make sure price pulls towards the SMAs when making Hotspots.

Take the entries based on the Candlestick Patterns: Pinbar, 2 Bar Reversal, Engulfing, Inside bar, Indecision candle, Morning star, Evening star, etc..

Use partial close after price reaches 1:1 or 2:1 risk to reward ratio and let the rest run.

At times you can reenter with a strong trend to increase your profits to accelerate your account growth.

A DMA ECN/STP broker with low spreads is recommended for good returns and also proper money management should be followed.

You can easily trade this strategy on Trade Interceptor mobile platform without being stuck to your screen monitor at home. Pls do not trade this strategy when you are driving ;)......
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