SCALPING 99 or “Kiu Kiu”

 

SETUP
 

Main Chart

TF = 30”
EMA (9) on Price Chart
 

Window Chart

MFI (3) change color sync with background color...activate level 25/50/75
EMA (9) using ‘Previous Indicator’s Data’

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LONG:
- Indicator window —> When EMA (9) bullish cross level 25/50 and Price is:
   * above EMA (9) : Perfect
   * cross EMA (9)  : Best
   * below EMA (9) : Good
- TP = 10 pips or hold as long as Price is above EMA (9)
- SL = 5 pips below the price swing low confirmed by EMA (9)

SHORT:
- When EMA (9) bearish cross level 75/50 and Price is:
   * below EMA (9) : Perfect
   * cross EMA (9)  : Best
   * above EMA (9) : Good
- TP = 10 pips or hold as long as Price is below EMA (9)
- SL = 5 pips above the price swing high confirmed by EMA (9)

 

OVERVIEW
This scalping technique utilize MFI oscillator which perform like Stochastic with Volume analysis include in it...so we can identify the reversal as well...but sometimes the reversal tooks time before it happened...so I use EMA to filter out the best time to jump in immediately when reversal will occur soon.

I CALLED IT “Kiu Kiu”
The unique is EMA (9) both used in Price chart & Indicator windows... Kiu Kiu is “99 domino poker”.