Trend Line Scalper Strategy

Trend Line Forex Scalper provides an easy, yet effective way to scalp the forex on 1 min forex charts. The strategy is composed of the Stochastic oscillator and rising or falling trend lines.

Chart Setup:

� Preferred currency pair to trade: Major Currency Pairs
� Trading Indicators: Stochastic Oscillator (default settings: 5,3,3)
� Time to Trade : Euro and Us Session
� Timeframe: 1 Min

Trend Line Forex Scalper Example



How it works :

BUY TRADE

� Draw a significant rising trend line in a up trending market.
� The currency pair retreats towards the rising trend line but doesn't close below.
� Open a buy trade if the Stochastic oscillator turns back above 20 from oversold readings below 20 (gray circle on the chart above).
� Place your stop loss 1 pip below the rising trend line.
� Price objective 20 pips or better.

SELL TRADE

� Draw a significant falling trend line in a down trending market.
� The currency pair retreats towards the falling trend line but doesn't close above.
� Open a sell trade if the Stochastic oscillator turns back below 80 from overbought readings above 80.
� Place your stop loss 1 pip above the falling trend line.
� Price objective 20 pips or better


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---- sbudij / KarawangForex ------ by; Willie VD Perre