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1 minute momentum scalping - MT4/MT5 resources

author EAcpu | 2 reads | 0 comments |
I've put almost all the trades for this post on YouTube. The starting video is different from the new video. You can quickly find my recent deals by heading to my YouTube channel.

Chart settings

  1. 5m candlestick chart with 5 and 12 EMA, RSI (20)
  2. 1m Heiken Ashi, 8, 21EMA, 50 SMA
  3. 30s Heiken Ashi has 8 and 21 EMA



Rules/Sequence of Events

Enter with 5M trend. The trend is defined by the MA and RSI below 50.
1) Strong measures
2) Obvious retrace on 1M
3) Momentum restored
4) Hide traceback (only displayed on 30S)
5) Enter on the breakout of the first 30 second candle to restore momentum color
6) SL = 5
7) Exit half way with 5 pips profit, stop loss until breakeven

Comment

Days without any significant news can be volatile, and ranges are not suitable for this approach.

Trading only takes place between 8:00 AM and 12:00 PM ET.

Be careful before important news comes and always know when it's coming.

The rules have changed a lot, but I've recorded all my moves so you can see how I arrived at the current rules.

http://www.forexfactory.com/attachme...5&d=1281014907

http://www.forexfactory.com/attachme...7&d=1281020968

http://www.forexfactory.com/attachme...8&d=1280838044

1m_1.jpg1m_2.jpg1m_3.jpg1m_4.jpg
1m_1.jpg1m_2.jpg1m_3.jpg1m_4.jpg
1m_1.jpg1m_2.jpg1m_3.jpg1m_4.jpg
1m_1.jpg1m_2.jpg1m_3.jpg1m_4.jpg
1m_1.jpg1m_2.jpg1m_3.jpg1m_4.jpg
1m_1.jpg1m_2.jpg1m_3.jpg1m_4.jpg

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