Thursday, April 12, 2012

My Scalping strategy

First of all.

I look for trend, Make trend line.......Its simple and easy 1hrs chart
I think this is the main trend to day.

next I go for trend line in 15 min chart, this is the min trend to day.

Next I use some indicators
Some are are leading indicator(stochastic,RSI) and some lagging (MACD),MA(200 EMA)
BB(12,2)

Then I look for market condition

Start of trend, retracement, end of trend

Thus I put entry and exit


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