5 Minute Entry Method

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This is another gem developed by Mr. Nell that deals with Forex scalping on the 5 minute charts. The entry method/setup is very basic. But, like the 4 hour method, even the 5 minute method requires patience on your part to let the trend develope before considering a trade.

The setup:

Plot three moving averages: 50 Simple Moving Average, 21 Exponential Moving Average, and a 10 Exponential Moving Average. Wait for the slope of the 50SMA to be greater than 20 degrees. The degree measurement is a visual value for you to basically see on your charts. The chart below shows what to look for in a bull market. For short entries, look for the opposite setup. Scalping the Forex market requires strict discipline and attention. Profit can happen quicky so bank the pips when you can. There have been numerous additions and tools that have been added to this method with plenty of free help to go along with it. For additional information, please click on the Forex Factory icon below the chart to visit the thread for the 5 minute method. Pip on!

Click on the Forex Factory icon to visit the 5 minute thread:

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