FOREX LINE 6 GOLD VERSION SCALPING STRATEGY TIMEFRAME M5
FOREX LINE M5 SCALPING – SELL TOP BUY BOTTOM
THIS STRATEGY IS FOR TRADING ON TIMEFRAME M5 BY USING FOREX LINE V6 GOLD VERSION TEMPLATE M5 USE SMALLEST CHART VIEW TO FOR THIS TEMPLATE IN ORDER TO GET ACCURATE FOREX LINE SIGNALS HOW TO ENTRY BUY USING M5 TEMPLATE SCALPING MAKESURE MINI LINE AT OVERSOLD ZONE BELOW LINE LEVEL ‘10’ & ‘20’ MAKESURE STOC LINE IS ALREADY CROSSED AND ABOVE MINI LINE SMALL LOTS ENTRY ON PULLBACK CANDLE OR CANDLE RETEST DAILY SUPPORT LINE IF STOC LINE ABOVE MINI LINE BIG LOTS ENTRY IF MINI LINE ARROW COME OUT BELOW LINE LEVEL ‘10’ NO STOP LOSS NEEDED BUT EXIT IF STOC LINE GOING BELOW MINI LINE OR NEXT ARROW COME OUT SELL ARROW AT OVERSOLD ZONE IS A FAKE ARROW SIGNAL – CAN HOLD AND RE-ENTRY BUY ON NEXT BUY ARROW HOW TO ENTRY SELL USING M5 TEMPLATE SCALPING MAKESURE MINI LINE AT OVERBOUGHT ZONE ABOVE LINE LEVEL ‘90’ & ‘80’ MAKESURE STOC LINE IS ALREADY CROSSED AND BELOW MINI LINE SMALL LOTS ENTRY ON PULLBACK CANDLE OR CANDLE RETEST DAILY RESISTANT LINE IF STOC LINE ALREADY BELOW MINI LINE BIG LOTS ENTRY IF MINI LINE ARROW COME OUT ABOVE LINE LEVEL ‘90’ NO STOP LOSS NEEDED BUT EXIT IF STOC LINE GOING ABOVE MINI LINE OR NEXT ARROW COME OUT BUY ARROW AT OVERSOLD ZONE IS A FAKE ARROW SIGNAL – CAN HOLD AND RE-ENTRY SELL ON NEXT SELL ARROW
BIG LOTS WITH 10PIPS-100P TAKE PROFIT FOR SCALPING – RECOMMENDED (MAX TP IS 30PIPS-300P)
Buying conditions 1-price is above moving average 100 2-no big candles just a small or medium candles 3-price retrace back to moving average not required to touch the ma just getting close to it is enough 4- stocha