Triple S Strategy
Triple S Strategy
Triple S Strategy
Rule 1: Apply Volume Indicator
Any trading platform is okay because the Volume Indicator comes standard on all
trading platforms.
You know that the trend is either:
A. Dying and heading for a reversal.
B. Take a break before continuing to the upside.
In this case, it took a break. There were fewer buyers and sellers at the time
(traders making trading decisions) before it then picked up and continued to the
upside. Our strategy takes advantage of this pullback before the price action
continues upward in this example.
So in this analysis step to the strategy you need to check out the volume indicator
and based off of what you now know make a good trading decision based off of the
current price action.
Using our example, you should see a steady uptrend followed by a
pullback/retracement phase.
Like this:
This part is all up to you. There is not "line crossing," "arrow appearing" or "a
small voice telling you to buy now!"
You have to understand a little bit about how the price action works before you
decide on your entry. Using our example, the Volume indicator shot up drastically
meaning that traders are getting in on the action and thus driving the price
upwards!
Take a look:
Once you see this Big Spike or See that the Volume indicator is showing that there
is some action heading your way you want to get ready to enter this BUY trade
because all things are pointing upwards.
Entry/Exit Strategy
With the current structure of this trade, it made sense that since we saw our "spike"
in the volume indicator and it broke this small retracement trend we pulled the
trigger and entered a buy!
Your exit strategy is simple. You go for 10-20 pips. Also, You Place a 5-8 pip stop
loss. Once you are up 10 pips move your stop loss to 5 pips to lock in small profit
(unless the spread is very large which you would most likely break even then.)
This 20 pips in under 5 minutes will not happen every time, but when it does it will
surely make you smile :) The reason we say go for 10-20 pips is for cases like this
where you see a big jump after the retracement of the main trend. You do not
want to get out too early.
Consider this strategy on any of the major currency pairs and you should see some
great results!
**The rules for a SELL trade will be exactly the same, only opposite on your
chart. (I.E. instead of starting with an uptrend first it will be a downtrend
instead)
Conclusion
Simple Scalping Strategy could be a powerful 1 minute scalping system as well and
if you try in on the time frame let us know your results!
We could use the best scalping strategy indicator (volume) and have a whole
basket of strategies to use with it. The reason is because it can confirm a trend, a
can confirm a reversal, and it can show us when there are less interest between
buyers and sellers.
With this best scalping system, you will find that it's not only easy to Scalp but also
will find a high win percentage strategy and a chance to grow your account very
quickly.
If you are not a fan of scalping and enjoy swing trading or day trading strategies
make sure you check out the Rabbit Trail Channel Strategy t hat will show you how
to grab 50 pips at a time with high probability of winning!
Thanks for reading!
For more examples of this trading strategy check below:
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Triples S Trade Ideas
Example #1 AUDJPY M5
Go to M5 or M15 Time chart. Analyze Volume Indicator: Look for a
healthy Uptrend or Downtrend, Pullback in Price action and
Volume to Slow Down or "Quiet down."
Once you see the Volume Rise/Spike (after if slowed
down) Make your Trade Decision Based off of Current
Price Action.
After a few short minutes we closed this trade with a quick 8 pips.
Example #2 USDCAD M5 Chart
Once the volume indicator showed little movement, wait of a big spike to get in a trade.
You see the long wick at the bottom? The pine bar was a bullish one and with the amount of
volume this pais saw here it made sense that this will move quick. This would have been a nice
10 pip profit.
If you want to find more great strategies check out our blog: http://www.tradingstrategyguides.com/blog/
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