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Trading tip by Mr Peter Gedde Sørensen
SCALPING THE 5 SECS TIMEFRAME WITH MTF CONFIRMING GENERAL TREND DIRECTION
Any good mtf trend-following system can be traded to your advantage on the 5 secs chart.
The upper timeframes – M1, M5, M15 and so on – serve as confirmation of the general trend direction and you scalp the 5 secs chart in that direction.
Trading the 5 secs timeframe means you can pinpoint multiple trade entries in the general trend direction and boost your profits.
I usually exit all the accumulated positions, when the Mtf Heikin Ashi M5 bar changes colour. However, this scalping technique can be applied in so many different ways. Only your imagination limits your scalping…
The chart on the left is the EURJPY M1 from this morning with Mtf Heikin Ashi and the chart to the right is the 5 secs EURJPY chart for pinpointing multiple trade entries in the general trend direction.
Happy pip munching to all traders!
Mr Peter Gedde Sørensen / Denmark
