Trend Line Forex Scalping

Trend Line Forex Scalping Trend Line Forex Scalping is a trend momentum strategy based on Trend Line and fast stochastic oscillator. Ti...

Trend Line Forex Scalping
Trend Line Forex Scalping is a trend momentum strategy based on Trend Line and fast stochastic oscillator.
Time Frame 1 min or higher.
Major Currency pairs.
Forex Indicators:
Fast Stochastic (5, 3, 3);
Draw Trend Lines.
Sessions: London and New York.
Trading rules Trend Line Forex Scalping
Buy
•Draw a trend line in a uptrending market that point up.
• When that the price come back on the Trend Line
• Open a buy trade if the Stochastic crosses upward from oversold area
• Place initial  stop loss  stop loss 5 pips below the trend line.
• Price objective 6 -10 pips.
Sell
•Draw a trend line in a down trending market that point down.
• When that the price come back on the Trend Line.
• Open a sell trade if the Stochastic crosses downwarward from overbought area.
• Place initial  stop loss  stop loss 5 pips below the trend line.
Price objective 6 -10 pips. 
Trend Line Forex Scalping
In second and third examples WATL open source trend line Indicator metatrader 4.
Trend Line Forex Scalping

Trend Line Forex Scalping
Below the link for down load WATL indicator Metatrader 4.
https://drive.google.com/file/d/0Bwjv2Pbf48itNERQU0h1bGJHQms/view?usp=sharing

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