Psychological levels idea
for scalping is trading system for day traders and scalper.
For trading use the following levels: 00, 25, 50,
75, 00.
The best psychological
levels are 50 and 00 levels.
Trading with these levels in trend never trade against the intraday trend.
Time frame 15 min or 30
min.
Draws the orizzontal
line on the levels: 00, 25, 50, 75, 00.
ad. two exponential
moving averages: 11 EMA short, 50 EMA slow.
Trades only in the
direction of the trend.
EMA11>EMA 50 trend is
up.
EMA11<EMA 50 trend is
down.
Buy
When
the trend is up and the price is above the EMA's , enter
a buy position (position A) at significant support level (e.g 1.3300,
50, 75,00).
trail
the stop. SL will always be at 25 pips away from the price. Target
profit pips before the next psycological level.
Sell
When
the trend is down and the price is below the EMA's, enter
a sell position (position A) at significant support level (e.g
1.3300, 50, 75,00). Trail the stop. SL will always be at 25 pips away
from the price. Target profit before the next psycological
level.
Psychological
levels idea for scalping can be manage also with martingala (range of
the multiplier min 1.4 max 2.0). This system can be winning but needs
a lot of practice on a demo account because it is very speculative.
To decrease the number of operations you can consider levels 00 and
50.
See
example in the pictures.
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