Following on from our last educational post on one of our Goldturn setups (see related post below), thought we would share one of our many scalping techniques.
This is a simple setup that can be used for ranging markets for scalping on the 30min chart.
We look for EMA5 to cross over MA21. Once this is done we wait for a 30min "floating" candle body close confirming the EMA5 cross over. We then enter on the next candle and target 20pips.
SL to be set for a cross back of EMA5 over MA21 in the opposite direction with a floating candle cancelling out the signal. These are tight SLs and therefore a numbers game. I've found the number of TPs against SL still leaves you positive. We always advise to back test first and then enjoy!
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