Learn how to scalp forex markets on a one-minute chart with a secret strategy using a combination of indicators for accurate trade entries. The rules are simple, and this strategy works on both regular currency pairs and indices. The indicators needed are a 200EMA, Trend Trader Strategy Indicator, and STC. Look for buy trades when the market is above the 200EMA, and sell trades when below. Target a one-to-one risk-reward ratio, or trail your stop-loss for better results. This strategy is powerful, easy to follow, and extremely accurate.
Scalping Forex Markets with a Secret Strategy on One-Minute Chart: A Guide
Introduction: The Power of a Secret Strategy
Are you looking for a powerful yet easy-to-follow trading strategy for scalping the Forex markets? Look no further – in this video, Paul introduces his audience to a secret combination of indicators that is highly accurate and can help traders earn significant profits in just a few minutes. In this article, we will provide a step-by-step guide to using this strategy, as well as analyzing the key indicators and rules involved.
Setting Up the Indicators
The first step in implementing this secret strategy is to add the necessary indicators to your trading chart. The three indicators used in this strategy are the 200 EMA, the Trend Trader Strategy Indicator, and the STC (a Better MACD).
Trend Identification: 200 EMA Indicator
The 200 EMA indicator helps traders identify the overall trend of the market. In an uptrend, the market is above the 200 EMA, while in a downtrend, it is below it. This provides traders with valuable information on the direction of the market, allowing them to make informed trading decisions.
Trend Confirmation: Trend Trader Strategy Indicator
The Trend Trader Strategy Indicator is used to confirm the trend identified by the 200 EMA indicator. This indicator is a blue line on the trading chart that confirms a bullish trend when it is above the price action and a bearish trend when it is below the price action. By using this indicator, traders can confirm the direction of the trend and improve the accuracy of their trades.
Entry Point Confirmation: STC Indicator
The STC indicator is used to confirm the entry point for a trade. When looking for a buy trade, traders need to ensure that the STC indicator is at its lowest point and turning from red to green. Conversely, when looking for a sell trade, traders need to ensure that the STC indicator is at its upper level and turning from green to red. This indicator provides traders with the final confirmation they need before entering a trade.
Identifying Buy Trades
After setting up the indicators, it’s time to apply the rules of the secret strategy. When looking for a buy trade, traders need to identify a pullback in the market where the price action creates a series of higher highs and higher lows. Once the market has pulled back, traders wait for red candles to appear and for the price action to cross and close above the Trend Trader Strategy Indicator. Finally, traders need to confirm that the STC indicator is turning from red to green before entering the trade.
Profitable Scalping: One-to-One Risk Reward Ratio
As this is a scalping strategy for the one-minute chart, traders can aim for a one-to-one risk reward ratio. Traders should set their stop-loss beyond the level of previous support and target a profit equal to the distance from the entry to the stop loss. This provides traders with a profitable trade in a short period of time.
Identifying Sell Trades
When looking for a sell trade, traders need to wait for the market to create a pullback where the price action creates a series of lower highs and lower lows. Once the market has pulled back, traders wait for green candles to appear and for the price action to cross and close below the Trend Trader Strategy Indicator. Finally, traders need to confirm that the STC indicator is turning from green to red before entering the trade.
Conclusion: Unlocking the Power of a Secret Strategy
In conclusion, Paul’s secret strategy provides traders with a highly accurate and profitable way to scalp the Forex markets on the one-minute chart. By identifying the trend with the 200 EMA indicator, confirming the trend with the Trend Trader Strategy Indicator, and confirming the entry point with the STC indicator, traders can improve the accuracy of their trades and maximize their profits. With a one-to-one risk reward ratio and the power of scalping, this secret strategy is a powerful tool for traders looking to unlock their full trading potential.