forex-scalping-with-trend-line

Trend Line Indicator And Stochastic Oscillator Forex Scalping Strategy

Forex Strategy

Trend Line Indicator And Stochastic Oscillator Forex Scalping Strategy

Profitable forex scalping with trend lines and the Stochastic oscillator. Can it be done? Yes!

Chart Setup

Indicators: Trendline, Stochastic Oscillator
Preferred time frame(s): M1
Trading sessions: Euro, US
Preferred Currency pairs: Medium to high volatile pairs

Download

Download the Forex Scalping Strategy With Trend Line Indicator And Stochastic Oscillator.

Example: GBP/JPY 1 Min Chart

forex-scalping-with-trend-line

Figure 1 & 2: Here is a 1 min chart of GBP/JPY with the indicators and strategy applied. Fiqure 1 shows a scalping trade in an up trend. Figure 2 shows a scalping trade during a down trend.

forex-scalping-with-stochastic-oscillator

Trading Rules

Buy Rules:

  • Wait for the price to pull back towards the rising trend line but doesn’t close below.
  • Wait for the Stochastic indicator to turn back above 20 from below (oversold)

This is your buy entry signal.. Place stop-loss order 1 pip below the most recent swing low.
Price objective: 10-25 pips (dependent of the volatility)

Sell Rules:

  • Wait for the price to pull back towards the falling trend line but doesn’t close above.
  • Wait for the Stochastic indicator to turn back below 80 from above (overbought)

This is your sell entry signal.. Place stop-loss order 1 pip above the most recent swing high price.
Price objective: 10-25 pips (dependent of the volatility)

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