EURGBP Scalping Strategy, How to exploit BREXIT volatility
Let's keep this short and sweet.
Three charts, D for trend direction, 60 to spot trades and 15 for precision entry.
If you look at D we're close to strong resistance(the big red circles), we're not quite there yet, that would be closer to 0.86, so now is not the VERY best optimal entry timing. However, this strategy applies to future trades. It's up to you if you want to wait for the perfect storm.
When we say scalping and FX usually it means some badass leverage, and when that's the case I'll give you a golden tip, I don't want to explain it because it takes time, but use tight stop-losses. It's much better being stopped at any price then liquidated. It preserves a lot of capital at the end of the trading month.
Once you get in, your stop-loss is the very first Spectro Auto Fibo Level after your entry point.
The reason why I chose Scalping instead of a fundamental trade here is simple, fundamentals take time and research, for a scalper that doesn't matter. What it matters is that there is volatility, and that's something the whole BREXIT deal is giving us, doesn't matter the direction, as long there are moves that's what we're looking for.
This strategy works both ways, with the same logic.
Unfortunately, I took to long writing and preparing this and the price already breached two levels while I wrote this, that's the problem about sharing scalping strategies, it moves fast. Bear with me.
In this case, since it's a strong downtrend on D, close to strong resistance, that's why we are shorting and not longing. Big timeframe trend dictates the type of trade I'll do - I'll only short this asset, not long as long as we have a bearish bias on bigger time frames, trading with the trend shift the odds on your favor.
In this trade, there are many good bearish indicators, Omega Bearish Reversal on 15, XConf bearish arrow on 60 and the trend analyzer + Fibo Bands are very bearish on D. That's why shorting.
If you don't understand how this indicator works go to my related ideas.
Good luck with your trading.
Three charts, D for trend direction, 60 to spot trades and 15 for precision entry.
If you look at D we're close to strong resistance(the big red circles), we're not quite there yet, that would be closer to 0.86, so now is not the VERY best optimal entry timing. However, this strategy applies to future trades. It's up to you if you want to wait for the perfect storm.
When we say scalping and FX usually it means some badass leverage, and when that's the case I'll give you a golden tip, I don't want to explain it because it takes time, but use tight stop-losses. It's much better being stopped at any price then liquidated. It preserves a lot of capital at the end of the trading month.
Once you get in, your stop-loss is the very first Spectro Auto Fibo Level after your entry point.
The reason why I chose Scalping instead of a fundamental trade here is simple, fundamentals take time and research, for a scalper that doesn't matter. What it matters is that there is volatility, and that's something the whole BREXIT deal is giving us, doesn't matter the direction, as long there are moves that's what we're looking for.
This strategy works both ways, with the same logic.
Unfortunately, I took to long writing and preparing this and the price already breached two levels while I wrote this, that's the problem about sharing scalping strategies, it moves fast. Bear with me.
In this case, since it's a strong downtrend on D, close to strong resistance, that's why we are shorting and not longing. Big timeframe trend dictates the type of trade I'll do - I'll only short this asset, not long as long as we have a bearish bias on bigger time frames, trading with the trend shift the odds on your favor.
In this trade, there are many good bearish indicators, Omega Bearish Reversal on 15, XConf bearish arrow on 60 and the trend analyzer + Fibo Bands are very bearish on D. That's why shorting.
If you don't understand how this indicator works go to my related ideas.
Good luck with your trading.
Komen:
It's getting closer to the optimal short entry at 0.86 - closed my last position on break-even and repositioning now.
Dagangan ditutup: sasaran tercapai:
Position closed I had leverage, I've reached my daily goal, so I'm done for today :)
