8/16/09

Psych Level Scalping System

5min Psychological Level Scalping

This is a very powerful winning strategy!!! We only use psychological levels to enter our trades. One of the main rules is NEVER TRADE AGAINST THE H1 CANDLE COLOR. Levels are on the screen every 00, 25, 50, 75, 00.

Another rule is: If H1 and D1 candle color are the same get ready to make more pips. If the colors do not agree be aware that a lot of times you just can grab a few pips (be happy with 5). This is a scalping strategy.

You are not allowed to enter twice in 1 hour. This is to prevent you from overtrading. Remember you only need 2% a day to get rich in the future all the rest is fun but can be greedy.

Use this idea with proper MM.


Here are indicators and template


5min psych scalping.tpl
M-Candles.mq4
m-Candles_.mq4
SDX-SweetSpots_v4_MP6L.mq4
TRO_DRAGON_MONEY_MGMT.mq4


1 comments:

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Susan

http://3128proxy.com

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