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gbp/usd m1 wide range scalp
GBP/USD M1 Wide Range Scalp
Marko
Contributor - Market Analysis, Forecasts
Posts: 254
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GBP/USD M1 Wide Range Scalp
High probability, wide-ranging scalping setup for GBP/USD. It frequently catches wide market swings that dominate pound crosses. Works best with M1,
due to its ranging nature.
SETUP: GBP/USD,M1, Manual: Range 400, Sensitivity 25
With wide ranging setups, you need to have extra cushion on both sides of take-profit and stop-loss. I typically use reward:risk of around 1.5:1. For explicit
pip values refer to the
FOREX Range Graph
.
Note: Since this setup does target higher probability, wider range turns, signals are issued less frequently but with higher reliability. You may wish to setup
email alerts (Set Send_Email to TRUE).
-Marko
Attached File(s)
gbpusd-m1-wide-range-scalp.tpl
(Size: 1.75 KB / Downloads: 1029)
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GBP/USD M1 Wide Range Scalp - Marko Nikolic - mnikolic.com
1/13/2011
http://mnikolic.com/templates/gbp-usd-m1-wide-range-scalp-t-202.html
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Page 2 of 2
GBP/USD M1 Wide Range Scalp - Marko Nikolic - mnikolic.com
1/13/2011
http://mnikolic.com/templates/gbp-usd-m1-wide-range-scalp-t-202.html