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1 min price band scalping

1 min price band scalping system is a scalper’s dream – 1-minute charts only here guys!
Currency pairs: ( currency pairs with low spreads).
Indicators:
200sma (siple moving average close).
28sma (with price bands added at +14 pips and -14 pips).
NOTE: You may need to change the price-bands from -/+14 pips to somewhere between -/+ 10 pips and -/+20 pips depending on the currency pair you are trading.

A BUY trade occurs when the 28sma is ABOVE the 200sma and price touches the lower price-band and exit and price reaches the 200sma again or middle band.
Place initial stop of 15 pips above entry point.

A SELL trade occurs when the 28sma is BELOW the 200sma and price touches the upper price-band. and exit and price reaches the 200sma again or middle band.
Place initial stop of 15 pips below entry point.
1 min price band
1 min price band buy trade
1 min price band
1 min price band sell trade

1 min price band scalping Reviewed by learn forex trading on November 29, 2014 Rating: 5

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