HOW TO TRADE A 15 PIP BREAKOUT SCALPERS STRATEGY

The 15 pip breakout scalpers strategy is specifically designed to scalp 15 pips on 1 minute time period volatile currency pair charts.

The 15 pip breakout scalping strategy has been developed specifically for trading volatile currency pairs in the one minute time period with the utmost accuracy. The currency pairs that can be traded are the EUR/USD, the GBP/USD, the NZD/USD and the USD/CHF and they should be traded during the European and USA sessions for the most volatility. The stop used is rather narrow at 6 to 8 pips and the target profit is 14 pips or more.

 

How to Trade a 15 Pip Breakout Scalpers Strategy:

The 15 pip breakout scalping sell strategy is demonstrated by experienced forex traders on the EUR/USD 1 minute candlestick chart above. The 50 period exponential moving average line shows that the EUR/USD is on a down trend. An upward trend line is drawn where the prices are rising and we wait until the closing price breaks below the trend line. This is a sell signal and at this point we sell as in this example at 1.3155 and set our stop loss at 1.3160 which is 5 pips above the price we sold at. This particular example would have given the scalper 21 pips profit if the short position was liquidated at the price of 1.3134 however as the target profit level is 15 pips the scalper would probably have liquidated the short position earlier.

 

The 15 pip breakout scalping buy strategy is demonstrated on the USD/CHF 1 minute candlestick chart above. The 50 period exponential moving average line shows that the USD/CHF is on an up trend. A downward trend line is drawn where the prices are falling and we wait until the closing price breaks above the trend line. This is a buy signal and at this point we buy as in this example at 0.9154 and set our stop loss at 0.9149 which is 5 pips below the price we bought at. This particular example would have given the scalper 20 pips profit if the long position was liquidated at the price of 0.9174 however as the target profit level is 15 pips the scalper would probably have liquidated the long position earlier.