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Scalping Method
This is another easy system to trade on a short term basis. Just look at your EURUSD, GBPUSD and AUDUSD charts on a 5 minute timeframe.
For SHORT entry:
- You can enter short when the price triggers -1;
- The candle above the trigger opens below the orange volatility pivot.
For LONG entry:
- Take a long position when price triggers 1;
- Candle above the trigger opens ABOVE the orange volatility pivot.
Various exit scenarios that is observed and you can use:
- Exit at the opposite price trigger signal (box B)
- Trail stop loss using the value of the volatility pivot indicator. (box c) where the low wick of the last candle I the box crosses the volatility pivot.
- When a candle closes with an opposite nonlagdot, you can exit the position.
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