Scalping 5 Pips On GBPUSD

GBPUSD is most favorite pairs on trading forex. Because little bit complicated volatile on GBPUSD, most forex traders like using this pairs with martingale, averaging and all of most traders using this pair with scalping. Today i’ll share this scalping strategy on GBP/USD, EURUSD, EURJPY, USDJPY, GBPJPY, USDCAD pairs. More details, keep read this article.

forex scalping for a living

The ideas of this trading concept actually is for swing trading system, but after i’ve test this forex strategy in my real accounts its very effective too using this system become a forex scalpers and intraday too. Let’s begin.

Scalping Forex Trading Setup

Trading pair: GBP/USD, EURUSD, EURJPY, USDJPY, GBPJPY, USDCAD
Time frame: H4- 5 minute chart
Indicators:
Alligator default setting (jaws period = 13 (blue) , teeth period = 8 (red), lips period = 5(lime))
Fractals
Awesome Oscillator default

Trading rules

This trading strategy based follow the trend so we’ll riding the major trend from big time frame and this big time frame we use h4 or daily time frame.

First, we need to define what is current major trend in four hour time frame. This is how we determine a current major trend in big time frame. Remember read current major trend first at least on H4 time frame or Daily. This is a MUST. Because this scalping trading system based TREND FOLLOWING so NEVER OPEN the counter trend. And my trading recommendation is never looking forex signals in 1 minute time frame.

DOWN TREND IF :
1. Price break low previous fractals
2. Appear new top fractals as new strong resistance
3. Lips (green line), teeth (red line) significant strong break down jaws (blue line)
4. Awesome indicator below zero level and give a red color

UP TREND IF :
1. Price break high previous fractals
2. Appear new low fractals as new strong support
3. Lips (green line), teeth (red line) significant strong break up jaws (blue line)
4. Awesome indicator above zero level and give a green color

See picture example below.

scalping forex eurusd m5 works

After we can see what exactly of current trend are, then we looking the signals entry on small time frame in this case we looking in 5 minute chart to get fastest momentum, so we can riding the trend. We can use this strategy to get only several pips 15-35pips or even better up to 100 pips or more if the trend have a big power to go. So, here how we got a signals in 5 minute time frame :

SELL SIGNALS IF :

1. Price break out previous LOW of fractal
2. Lips (green) and Teeth (red) CROSS DOWN to jaws (blue) signicantly
3. Awesome Oscillator RED color and BELOW zero level
4. Current Trend on H4 or Daily Time frame MUST DOWN TREND

See example below :

gbpusd scalping accurate strategy m5

BUY SIGNALS IF :

1. Price break out previous HIGH of fractal
2. Lips (green) and Teeth (red) CROSS UP to jaws (blue) signicantly
3. Awesome Oscillator GREEN color and ABOVE zero level
4. Current Trend on H4 or Daily Time frame MUST UP TREND

Happy scalping trades! Once again follow the rules, practice is one key to get success on trading forex to get consistent profits. I’ve hope this scalping forex strategy guide above can be useful to us to get a stable income to fulfill a living cost.

 
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