Poul Scalping system

Mar 18, 2016 No Comments by

Poul scalping system is one of the successful trading system for intraday trading. One can use intraday chart with the timeframe of 60 mins with below chart setup.

Add 50 Ema on chart on 60 mins timeframe with Bollinger band with parameters of 10/1. For making winning decision add adx (Directional Moving Average). There are some conditions for buy or sell to help you to make a winning decision.

Stock must be traded on 50 EMA i.e. stocks current price must be above 50 EMA and stock must be traded above Bollinger upper band. The third confirmation is adx +di is above –di. If these three conditions are fulfilled go for buy on breakout of signal candle high breakout.

Stock must be traded below 50 EMA i.e. stocks current price must be below 50 EMA and stock must be traded below Bollinger lower band. The third confirmation is adx –di is above +di. If these three conditions are fulfilled go for sell on breakout of signal candle low breakout.

Adx: 14/14
Average: 50
Bollinger Band: 10/1

In this system Book profit and stop loss is very easy to identify.
For Book Profit: If candle closes above upper or lower band after signal, one can book profit. The other method to book profit is take some percentage i.e. 1% or 0.50% as a profit booking point.
For stop loss: Signal candle’s high or low is the good stop loss.

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