Best scalping forex trading strategy
Learn how to use the Urban Towers Scalping Strategy. Read the article and watch the video tutorial best scalping forex trading strategy trade this strategy. Analyst Navin Prithyani forexwatchers. During a trend, when the market retraces to the blue MA with at least 3 consecutive lower highs best scalping forex trading strategy towerswe enter at the break of the high of the last high. Ok let me explain in details one by one. Alright, what do we know right off the bat by looking at this.
We know the market is in a uptrend because the market is above the blue MA. The market retraced to the blue line with 3 consecutive lower highs 3 towers as we can see the red candles above. Next, we entered long at the break of the high of the last retracement candle - which in this case is 3rd tower as we can see above.
Ok 1 best scalping forex trading strategy example for you guys: Alright, in this example, the market was in a best scalping forex trading strategy, it did a 1, 2, 3 tower retrace but it never had a breakout on the high of the 3rd tower, in fact, the market continued down and changed best scalping forex trading strategy a down trend. This example is to show that this strategy helps avoid many fake trades. Option 2 Open 2 lots. Exit at Support and Resistance levels.
Option 3 Exit at the nearest 50 or 00 level. These are psychological levels. Option 4 Trailing Stop. Once in a trade, at the close of each candle, place your stop 1 pip below the low if in a buy trade.
Vice versa for a sell trade. Click on the link to see the article to learn how to install the Blue Rainbow MA Indicator for best scalping forex trading strategy strategy. Fill out your details below to be updated instantly when there is a new live webinar coming up or other major announcements. Urban Towers Scalping Strategy trading strategies Sep 30, What are the Best Currency Pairs to Trade? Categories All Categories announcements awards basics bitcoin books brokers candlesticks correlation cryptos currency pairs daily routines desire to trade divergence ethereum etienne crete fibonacci forex awards forex best awards forex brokers forex strategies forex trading fx street fxcm goals indicators lifestyle money spot motivation mt4 nfp non farm payroll nfp non-farm payroll pivot points price action price action trading psychology reversals support and resistance timeframe trade management trading books trading plan trading podcast trading strategies trendline type of trader webinar webinars what type of trader are you.
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