1
minute scalping i s atrend momentum strategy based on two slow ema’s
and stochastic oscillator.
Trading
Rules
First
draw relative support and resistance on the chart.
Buy
50
EMA is above the 150 EMA.
Wait
for the price action to pull back to the 150 EMA. The price touch,
or slightly cross the 150 EMA.
The
Stochastic Oscillator should be in the overbought area and cross
downwards
Sell
50
EMA is below the 150 EMA.
Wait
for the price action to pull back to the 150 EMA. The price touch,
or slightly cross the 150 EMA.
Stochastic
Overbought Signal:
The
Stochastic Oscillator should be in the overbought area and cross
downwards
Exit
Stop
Loss on the previous swing High/Low
Profit
Target ratio stop loss 1:1.4 – 1.6