Scalping Eurodollar
Written October 06. 2006 in
TradingSimple scalping strategy used it for forex trading:
use a 3 or 5 min bar chart and look for micro-swings. when the trend reverses using stochastics (13/8) then pull the trigger
-> On the chart the trend has been up, when the market pulls back and the indicator crosses down also, DO NOT take the short trade as the trend is still up. Once the market stalls on the downside and the indicator crosses to go up go long. Stay in for 5 - 10 pips and the get out.