Scalping Strategy Using Bollinger Band, Divergence, and Price Action

Trend Scalping

When price action is above bollinger band (std. dev.1), and WaveTrend indicator is above 0, open a trade in the corresponding trend.

  • Stop loss is the basis, and the next band level of bollinger – so there are 2 stop loss.
  • Exit when Wavetrend hits near the opposite of the oscillator and confirm with price action – candles.

Reversal
If there is divergence, must exit (if there is a trade), and open the next trade accordingly.

  • Stop loss is based on the support/resistance line
  • Exit when Wavetrend hits near the opposite of the oscillator and confirm with price action – candles.

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