MACD Histogram is a good tool to help a scalper like me to enter the market any time whenever there is a trend line breakout. This indicator helps me to confirm the trend line breakout and get some pips (10-20 pips) on M15 time frame.
On an up trend, draw supports line by connecting the significant lows of the uptrend. We prepared ourselves to catch the retracement or reversal possibilities. When the price break our trend line, check if the MACD Histogram bar already in RED color. Usually, the bar already turned red before the breakout.
On the chart below, is the Long position example.
MACD Histogram already turned into Green and the price break the trend line. Don't forget to put the stop loss on the previous low when buy and previous high on sell. Since this is the scalping technique, I only target about 10-20 pips per trade. I hope green pips always be with us.
0 comments:
Post a Comment