TST Indicator With Stochastic Forex Scalping Strategy
This scalping strategy uses TST indicators to define the levels on the chart for trading. Signals are calculated based on the price action. TST levels show important levels and direction. This system also uses other indicators such as ST_index indicator that show sentiment on the market, may it be a buy or sell. TST Ferrums indicator shows strong levels of demand and offer and TST market power indicator that show the possible direction of the current day trading session.
This method is useful in a1-hour timeframe and works in USD pairs such as EU, GU and UCAD. Use this strategy during London sessions.
Forex Indicators:
- TST level indicator
- Stochastic 5, 5, 5 close.
Buy Entry:
- The price must be above the TST level.
- The stochastic oscillator must cross upward.
Sell Entry:
- The price must be below the TST level.
- The stochastic oscillator must cross downward.
Exit position:
- Take profit at the pivot point level.
- Place initial stop loss at the High/Low swing.
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