• eur/usd 1.1862

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  • eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    3.95

    BTC/usd 15.674.99

    4.78

    ETH/usd 674.99

    11.37

1 Minute Forex Scalping Strategy

 

King chess pieces on Forex data analysis

King chess pieces on financial data analysis graph.

There are times when life gets so busy, you need to go to work if formally employed it means from 8am to 5 pm it will be hands on bosses on your throat. If you are self employed like the greater majority of the people in Zimbabwe it means all day long you will hustling up and down joining one piece to another, and at night its family time. In short there wont be enough time to be on the forex markets flipping from one chart to another, There wont be ample time to manage long trades and swing trades. Good story this does not mean its the end to your forex endeavor there are strategies that will suit your busy schedule like the scalping strategy, you will consistently make money with minimum and little technical analysis, following are the easy steps you might follow when using this 1 minute scalping forex strategy.

Draw Trendlines

Drawing a trend line in an uptrend, two lows must be connected by a straight line. to draw a trend line in a downtrend line, two highs must be connected by a straight line. Trend lines should be connected by at least three highs or lows to make it a strong and valid line.

What you need

Indicators if you can find ones that alert you if a pin bar has formed, Define your timeframe in this case its a one minute timeframe. You have to choose trading instruments that are not too volatile and which have low spreads.

Strategy Technicality

When the price moves towards your trendlines watch it out as it bounces on the line then you will receive a signal buy or sell from the indicator.

When Buying

  • Draw rising trendlines
  • Wait for the price to retrace back to the trendline
  • When it reaches the trendline see if you can find a bullish pin bar then once you spot it you can execute the trade
  • Place your stop loss just below the trend line
  • Take profit just 10 pips remember its a scalping strategy

When selling

  • Carefully draw a descending trendline
  • Wait for the price to retrace to the trendline
  • When it bounces on the trendline watch for a bearish pin bar formation, when you spot it then execute the sell order.
  • Place your stop loss just above the trendline
  • Set your take profit at 10 pips

I hope you will find this simple scalping strategy helpful and profitable in your trading journey.

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