Wha 5 Minute Scalping is a forex trading system. The Wha 5 Minute Scalping is a trading system that is designed for the scalpers. Scalping is very short term trading and it is comparatively tougher to master than any other methods of trading. Scalping is difficult because traders have to have many sets of skills and state of mind to be able scalp profitably in the market. Scalpers should always be quick to think. A slower thinker cannot be a scalper. Scalper should be able to trade like a machine, keeping the emotions free when trading. If one cannot control his/her emotions he/she will have the mentality of taking revenge to the market by acting more absurdly in the market which might lead to the loss of entire trading capital.
There are six technical indicators at the main chart. However, we will use only few of them to make our trading decisions. The indicators at the indicator windows will help to confirm the trading signals that are generated by the indicators in the main chart window.
When the Wha 5 Minute Scalping is correctly loaded on your trading platform, your chart should look like this:
- Booster MP 2009
Booster MP 2009 is a technical indicator which basically is nothing more than the arrows. The yellow and blue arrows that you can see on the main chart window are the Booster MP 2009.
This is the indicator that you can below the main chart. it consists of red and blue territories where blue territory indicates the buying pressure in the market and vice versa. There are several other technical indicators inside this indicator window.
- Booster Power
Booster power is a technical indicator which consists of two blue and red oscillators. The crossovers of these two oscillators are helpful when making trading decisions.
Buying Conditions Using Wha 5 Minute Scalping.
- Booster MP 2009 (a blue arrow) should appear below the price chart.
- The Traderwawasanindicator should be blue.
- The blue oscillator of Booster Power indicator should cross above the red oscillator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a Booster Mp 2009 (a yellow arrow) appears above the chart.
Selling Conditions Using Wha 5 Minute Scalping.
- Booster MP 2009 (a yellow arrow) should appear below the price chart.
- The Traderwawasanindicator should be red.
- The red oscillator of Booster Power indicator should cross above the blue oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a Booster Mp 2009 (a blue arrow) appears below the chart.
Download Free Forex Wha 5 Minute Scalping Strategy