High Accuracy Forex 1H Scalping Strategy – This method has very few possibilities of whipsaws. In case of whipsaw you will see the repulsion of WMA 5 from EMA 21 but you have already break even or locked few pips.
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If it crosses through it then be patient and exit on next short or long signal appear. You can use your own MM rules for stop loss and profit.
SIGNAL FOR LONG
- When WMA 5 changes its slope.
- Parabolic SAR appears below the newly open candle.
- AC (default) change color and is about to cross the ‘0’ line or cross it.
- AO (default) also turn green.
- Laguerre-1 (green, Gamma 0.6,) is going upward and is cross 0.15 and Laguerre-2 (Red, Gamma 0.8) still stay below.
- Stochastic (5, 3, 14) is not in over bought condition or is below ‘0’line or blue line cross red line from down to up and going upward.
- And MACD green line cross red line from below and is below ‘0’ line and histogram appear above zero line.
SIGNAL FOR SHORT
- When WMA 5 changes its slope.
- Parabolic SAR appears above the newly open candle.
- AC (default) change color and is about to cross the ‘0’ line or cross it.
- AO (default) also turn red.
- Laguerre-1(green, Gamma 0.6,) is going downward and is cross 0.85 and Laguerre-2 (Red, Gamma 0.8) still stay above.
- Stochastic (5,3,14) is not in over sold condition or is above ‘0’ zero line or blue line cross red line from above to downward and going downward.
- And MACD green line cross red line from above to downward and is above ‘0’ line and histogram appear below zero line.
COMMENTS
- You will mostly see that WMA 5 is repulsed from EMA 21 on the first attempt mostly.
- On second attempt it will mostly cross and may be stopped by EMA 55 which is a strong resistance and support in my system.
- Once price has breached it then it will face EMA 100 as next level and the last one is EMA 200.
- Once WMA 5 has crossed an EMA it is usually not the routine that it will cross back the same EMA unless it has crossed some other higher level prior to that.
- Tackle repulsion from EMA55 carefully because it means price has equal probability to cross it again as EMAs have habit of rejecting once at least.
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