Real scalping strategy on EURJPY M15

Scalping is a risky trading strategy but if we can do it smartly, scalping could be very profitable compared to medium term strategy (IMHO). I am a divergence trader which open my position based on any spotted divergence. I only take few pips on every position. 10 - 20 pips is enough for me (a single trade). I can make 5 to 10 trades each day. Here I will show you how I trade EURJPY using M5 time frame, based on divergence.

Indicators:

• Bollinger Bands (20,2)
• CCI (14)
• TF M15 or higher

Basic rules:

• Price must create at least 2 significant high and must break upper or lower Bollinger Bands.
• Divergence must be present before I go short or long. If there is no divergence, I won't open trade

Above you can see that price makes 2 lows, but CCI makes higher low. This condition is called as divergence. The, on the last low, you can see a green/bull candle with long tail. On the next candle after long tailed candle, we go long and as you can see price climbing up nicely. At least 10-20 pips can be gained easily. Our stop should be the last low of the candle.