1 minute scalping with double Exponential Moving Averages and Stochastic Oscillator

 1 minute scalping i s atrend momentum strategy based on two slow ema's and stochastic oscillator.

Trading Rules

First draw relative support and resistance on the chart.

Buy

50 EMA is above the 150 EMA.

Wait for the price action to pull back to the 150 EMA. The price touch, or slightly cross the 150 EMA.

The Stochastic Oscillator should be in the overbought area and cross downwards

Sell

50 EMA is below the 150 EMA.

Wait for the price action to pull back to the 150 EMA. The price touch, or slightly cross the 150 EMA.

Stochastic Overbought Signal:

The Stochastic Oscillator should be in the overbought area and cross downwards

Exit

Stop Loss on the previous swing High/Low

Profit Target ratio stop loss 1:1.4 - 1.6