Three Bollinger Bands 1 min scalping ~ forex market hours open close
Open 60 min chart.Determinate the trend.
The method that I utilize is with the trend line.
Draw trend lines. (all trading platform have this tool.)
Currency pairs: majors: EUR/USD, GBP/USD,AUD/USD, USD/JPY, GBP/JPY, EUR/JPY, NZD/USD.
Time Frame 1 min, 5 min.
Indicators:
Bollinger Bands (50 deviation, 2) dot line;
Bollinger Bands (50 deviation, 3);
Bollinger Bands (50 deviation, 4).
Rules
Do not foreget never to trade against the trend.
Trade only in trend.
Sell
Watch when the movement of the price crosses and close below the upper Bollinger Band (50; 2) dot line , at least half way (or touch) to Bollinger Bands (50 ,3) or (50, 4),
if the price retrace to the center of the bollinger bands, sell when the price broken downwards the upper dot line of the BB (50, 2).
Buy
Sell
Watch when the movement of the price crosses and close above the lower Bollinger Bands (50; 2) dot line , at least half way (or touch) to Bollinger Bands (50 ,3) or (50, 4),
if the price retrace to the center of the bollinger bands. buy when the price broken upwards the lower dot line of the BB (50, 2).
Profit Target
1 min time frame at the middle band or 5-7 pips.
5 min time frame at the middle band or 10-12 pips.
Initial stop loss for buy 2 pips below the lower band.
Initial stop loss for sell 2 pips above the upper band.
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Three Bollinger Bands 1 min scalping |
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Three Bollinger Bands 1 min scalping |
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