Forex Scalping Pivot Points Strategy

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Forex Scalping Pivot Points Strategy

This is another scalping strategy of pivot points that uses pivot levels.

Forex Indicators :

  • Stochastic (10,5,5) with 15 and 85 levels;
  • RSI (14) rsx (12) with 20 and 80 levels;
  • MACD Divergence (just an addon..not necessary);
  • Autopivot V.5 ( daily , weekly , monthly ).

The Pivot points show us the daily range which is likely to be filled within the london and ny session.

FOR BUY ENTRY:

  • RSX (5 ) must be below 20 area;
  • Schaff Trend Cycle ( 100 area) ;
  • Price must be above a daily pivot level;

If we have an additional bullish divergence on the MACD window we have a quiet low risk and easy buy.

FOR SHORT ENTRY:

  • RSX (5) must be above 80 area;
  • Schaff Trend Cycle ( 0 area).
  • Price must be below a daily pivot level;

If we have an additional bearish divergence on the MACD window we have a quiet low risk and easy buy.

Profit targets must be on the next pivot levels.

Stop loss above or below next pivot level +5-7 pips in addition.

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