JJN scalper provides forex trading signals along with entry, stop-loss and take profit level. Use it on low spread currency pairs such as the Euro/US Dollar and US Dollar/Japanese Yen.
Used Indicators: JJN scalper
Time Frame (s): 5 Min
Preferred Currency Pairs: EUR/USD, USD/JPY
Market Sessions: Euro and US Session
EUR/USD 5 Min Chart Example
Important: Before you start scalping this system. Determine the overall trend of the 15 min chart. Buy only in uptrends (ignore JJN short signals). Sell only in downtrends (ignore JJN buy signals)
Initiate long trade when the price crosses up the suggested entry level from below.
Preferred stop for buy trade: Use JJN scalper suggested stop level.
Preferred target for buy trade: Use JJN scalper suggested take profit level.
Initiate short trade when the price crosses down the suggested entry level from above.
Preferred stop for sell trade: Use JJN scalper suggested stop level.
Preferred target for sell trade: Use JJN scalper suggested take profit level.