BBSS scalping strategy
· Strategy is based on BB’s, EMA’s, EW’s, Horizontals and Fibonacci levels.
· Use 3 min TF, if there is increase in volatility (5% or more in a day) switch to 5 min TF.
· This strategy works the best if there is increase in volatitly. If volatility is small and market is barely moving I would use different one.
Entry signal:
Long: When price closes outside of BB’s bottom I would enter long and my TP will be EMA8, EMA12, EMA26.
Short: When prices closes outside of BB’s top I would enter short and my TP will be EMA8, EMA12, EMA26.
*always move SL to BE after TP1.
For safer entry add horizontals, Fibonacci levels, and do EW analysis. Better to trade with a trend.
Always check overal marekt conditions.
– If price is breaking throgh a key resistacne on the chart, you wouldn’t be taking short scalp.
– Same with longs.