Bollinger Scalping System part 4

Categories: Bollinger Scalping System

Okay, without any further explanations, let’s get down to business. By now you should have all the indicators ready on your charting software; RSI, Bollinger Band and Pivot Points.
Bollinger band values should be set to “20″
RSI value should be set to “14″
Trade on a “5 min Chart”

First, mark out the major previous Support and Resistance, […]

Okay, without any further explanations, let's get down to business. By now you should have all the indicators ready on your charting software; RSI, Bollinger Band and Pivot Points. Bollinger band values should be set to "20" RSI value should be set to "14" Trade on a "5 min Chart" First, mark out the major previous Support and Resistance, the highs and lows. Take careful important note of those STRONG S&R, they are powerful. Generally, price will bounce around the pivot points and support and resistance. Look ... Read More

Bollinger Scalping System part 3

Categories: Bollinger Scalping System

I will not explore more into Support and Resistance, if you need more information on these, you should buy some books on it as it takes too much time explaining S&R, maybe next time I will have more time to write on this.
So I hope everyone is good on the indicators I have told you, […]

I will not explore more into Support and Resistance, if you need more information on these, you should buy some books on it as it takes too much time explaining S&R, maybe next time I will have more time to write on this. So I hope everyone is good on the indicators I have told you, RSI, Bollinger Band and Support and Resistance. These indicators are very common, you can find them in most trading or charting software. I am using MetaTrader 4, ... Read More

Bollinger Scalping System part 2

Categories: Bollinger Scalping System

I am still introducing some of the indicators that we are using, today let us look at Relative Strength Index or perhaps widely known as the RSI.
RSI is an indicator that falls under the category of oscillators, and it is an extremely simple indicator to use. RSI works well in range-bound forex markets, but it […]

I am still introducing some of the indicators that we are using, today let us look at Relative Strength Index or perhaps widely known as the RSI. RSI is an indicator that falls under the category of oscillators, and it is an extremely simple indicator to use. RSI works well in range-bound forex markets, but it has limited value in trending or breakout markets. RSI was created by Welles Wilder, who also created ATR, Parabolic SAR and other well-known indicators. Oscillators are chart ... Read More

Bollinger Scalping System part 1

Categories: Bollinger Scalping System

Here is a forex system I love to trade with when I do scalping or when there are no great trades coming my way. This system needs 3 indicators: Bollinger Band, RSI and Pivot Points
Not familiar with the indicators that are mentioned above? No need to worry, I will explain it to you in details.
Bollinger […]

Here is a forex system I love to trade with when I do scalping or when there are no great trades coming my way. This system needs 3 indicators: Bollinger Band, RSI and Pivot Points Not familiar with the indicators that are mentioned above? No need to worry, I will explain it to you in details. Bollinger bands are a great trading indicator to use in your forex technical analysis and can help you in three ways to gain greater accuracy in your trading ... Read More