Action trade Forex Scalping Strategy

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Action Trade

This strategy is for traders who has ECN broker accounts. This will be useful for all major pairs with 1 minute timeframe. The use of bar chart is advisable and the indicators to be used in this system is as follows:

  • Kino T3 Ma Ribbon filled;
  • Kijun Tekan default setting
  • RD Pivot Line
  • Je-Bar
  • Ma Candles
  • Zig Zag Pointer
  • Spud Fibo
  • Fx Prime V Final
  • Kino close under ribbon
  • DoubleCCI With SMA

Rules for LONG entry:

  • Kino must be close under ribbon, double CCI with SMA.
  • FXprime must be green.

Rules for SHORT entry:

  • Kino must be close under ribbon, double CCI with SMA.
  • FXprime must be red.

If Kino is close under ribbon is yellow, there will be no trading position.

Take profit when price touches spudfibo level or price crosses kino t3 MA ribbon filled (27, 36).

Set Stop Loss to 8-10 pips and move to breakeven.

Zone Characteristics:

  • There is a high probability trade when price rises from or falls out of all three zones at the same time, and price goes into black area. These are considered to be the best trade setups because price is not rejected by one of the other ribbons.
  • The breakout to the upside will present more than one trade when price rises from TF1 ribbon, and TF1 ribbon starts rising above TF5 and TF15 ribbons. There is a possibility that traders can get 3 trades out of this. The same thing with the opposite side. There will be a strong downtrend when prices falls of TF1 ribbon and when TF1 ribbon falls under both TF5 and TF15 ribbon. You can have more than one trade on this.
  • Look for a support and resistance area on the edges when price goes from one zone to another. When a zone is widening and price will be rejected when a zone is narrowing, then a zone can be entered by price. Support or resistance will be high when a zone is very narrow though price crosses with ease right at the center crossing of a ribbon.
  • When price is not going to be rejected by a nearby ribbon or pivot, then trading in the space between ribbon zones presents possibilities for good trade setup. There is better chances for a good trade set up if the black space between the zones becomes wider, but always verify trades with other indicators such as Kino_CCI_RSI_v5 and strength of divergence.
  • There is a possibility to trade inside the zone when traders notice a wide zone, then TF1 ribbon entered and price rises or falls out TF1, then TF5 ribbon is not rejected, then price will rise or falls to the other side of the TF15. Trading starts inside TF15 ribbon on support of both TF1 and TF5 ribbon. Refer to the pdf for clarifications.

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