In this post I'm gonna teach you another Scalping strategy. Scalping is the fastest way to make money. Scalping is the type of trading in which you Run a trade only for a few minutes like You close it within minutes in profit or in loss. You use a tight SL and a TP.
RSI 14 Scalping Strategy
1 Setup:
Timeframe: 1-minute or 5-minutes chart.
RSI Settings: Set RSI to 14 periods.
Overbought/Oversold Levels: 70 for overbought, 30 for oversold.
2 Entry Rules:
Buy: Enter a long position when RSI crosses above 30 from below.
Sell: Enter a short position when RSI crosses below 70 from above.
3 Exit Rules:
Take Profit: Set a small target (e.g., 5-10 pips).
Stop Loss: Place a tight stop loss just beyond recent highs/lows.
4 Optional Filters:
Trade with the trend from a higher timeframe (e.g., 15-minute chart).
Confirm with increased volume.
5 Risk Management:
Risk only a small percentage of your capital (e.g., 1 or 2%).
This approach is straightforward and helps you quickly capitalize on short-term price movements.
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