Proof of the Mumbai Scalper Strategy....
Not a huge advocate of scalping but can come in handy when your medium/long trades are playing out. This Chart shows a sell scenario. this shows that when the Parabolic SAR is in a downtrend we wait for a confirmation of the stochastic oscillator to cross the 80 level, when both of these criteria's are confirmed, place a trade on the opening of the next candle. Stops set at the high of the previous candle or in this case adjusted due to risk assessment.
This method works 9/10 times for me and i find it keeps me on my toes as it is a lot quicker paced type of trading than i am used too.
Not a huge advocate of scalping but can come in handy when your medium/long trades are playing out. This Chart shows a sell scenario. this shows that when the Parabolic SAR is in a downtrend we wait for a confirmation of the stochastic oscillator to cross the 80 level, when both of these criteria's are confirmed, place a trade on the opening of the next candle. Stops set at the high of the previous candle or in this case adjusted due to risk assessment.
This method works 9/10 times for me and i find it keeps me on my toes as it is a lot quicker paced type of trading than i am used too.