Scalping the EUR/GBP effectively - Fortuama (Scalping the EUR/GBP effectively - Fortu)
I would like to share with you a very simple and efficient scalping trading system.
I scalp EURGBP at 5 pips during the Asian trading session (21:00 to 6:00 p.m.). Volatility in EUR/GBP is very low at this point and scalping becomes annoying. Sometimes you have to wait 1 hour to get 5 points. But I don’t pursue emotions, I pursue sustained profits.
To follow this strategy, you should trust that EURGBP respects the RSI OS and OB areas (30 and 70).
When the RSI reaches 70, you sell, and when the RSI reaches 30, you buy.
Since I trade scalping and only have one or two signals during the trading day, I use high leverage levels:
Rules <br> Time: 5 minutes Currency pair: EUR/GBP Indicator: RSI (OB = 70; OS = 30)
TP: 5 pips + spread (8 pips for IBFX clients like me)
SL: Please read the next article
Buy: Buy when RSI reaches 30;
Sell: Sell when RSI reaches 70;
I know this is too simple to be true, but as I said before, I don't look for complexity, I look for points.
Next article I will show you some real deals.
I scalp EURGBP at 5 pips during the Asian trading session (21:00 to 6:00 p.m.). Volatility in EUR/GBP is very low at this point and scalping becomes annoying. Sometimes you have to wait 1 hour to get 5 points. But I don’t pursue emotions, I pursue sustained profits.
To follow this strategy, you should trust that EURGBP respects the RSI OS and OB areas (30 and 70).
When the RSI reaches 70, you sell, and when the RSI reaches 30, you buy.
Since I trade scalping and only have one or two signals during the trading day, I use high leverage levels:
Rules <br> Time: 5 minutes Currency pair: EUR/GBP Indicator: RSI (OB = 70; OS = 30)
TP: 5 pips + spread (8 pips for IBFX clients like me)
SL: Please read the next article
Buy: Buy when RSI reaches 30;
Sell: Sell when RSI reaches 70;
I know this is too simple to be true, but as I said before, I don't look for complexity, I look for points.
Next article I will show you some real deals.
























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