Wednesday, November 19, 2008

My Scalp Technique

My scalp technique is very simple:
  1. Using TF M5
  2. Just using fibonacci pivot to find where's the support and resistance
  3. You must know how to draw "trend line", draw it at H4 time frame, H1, M30 and so on
  4. You need to know first where's the daily range
  5. Go Long when price closed to Previous Low or closed to Bullish Trend Line
  6. Go Short when price closed to Previous High or closed to Bearish Trend Line
  7. Put SL below the support level when you go long
  8. Put SL above the resistance level when you go short
  9. Just Using TS or Manual close when u find retrace or revearsal candle

Here the picture for example


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