SCALPING ON GBPUSD, EURUSD, AUDUSD NZDUSD, TRADINGVIEW

SCALPING ON GBPUSD, EURUSD, AUDUSD NZDUSD, TRADINGVIEW

The scalping strategy applied to GPBUSD, EURUSD, AUDUSD, and NZDUSD revolves around a straightforward approach based on trend momentum, utilizing moving averages and StochasticRSI. This trading system is specifically tailored for short timeframes.



Setup Strategy:
Crucial to the strategy's success are the designated trading hours:
London: 9:00-11:00 GMT (Berlin)
GMT (Berlin): 15:00-20:00 GMT (Berlin)
Tokyo (for AUDUSD and NZDUSD only): 2:00-7:00 GMT (Berlin)
Timeframes:
1 minute, 2 minutes, 3 minutes
Pairs:
EUR/USD, GBP/USD, AUD/USD
Spreads:
Maximum 0.0015
Platforms:
TradingView
Indicators:
100 EMA (Exponential Moving Average)
50 EMA
StochasticRSI (14,3,3)
Gann Box tool
Trading Rules:
At 9:00, insert the Gann Tool and trace it horizontally for the entire London and New York session, vertically to the top base of the oscillator in the sub-window, and the top window of the chart.
Horizontal lines denote support, resistance, and profit target levels.
Buy
50 EMA > 100 EMA.
Identify significant resistance levels on the Gann Box.
Wait for the stochastic oscillator to trade back above 20.
Initiate long trades.
Set stop loss 3 pips below support or at the previous swing low.
The profit target should be at least 5-12 pips.
Sell
50 EMA < 100 EMA.
Recognize significant support levels on the Gann Box.
Wait for the stochastic oscillator to trade back below 80.
Open to short trade.
Set stop loss 3 pips above the resistance or at the previous swing high.
The profit target should be at least 5-12 pips.