The Owl Method: A Simple Scalping Trading Strategy

By LonghornFX Technical Analysis
Apr 19, 20233 min

In today’s post, we will share with you a practical scalping strategy you can use in your trading effortlessly. This strategy has little to no possibility for subjectivity, so you will know exactly how to trade each situation.

First, we are using unique settings for the Ichimoku indicator. These are not particularly far from the default settings, but still different. So, the settings are as follows:

8, 21, 55

As you can see, these are Fibonacci numbers (although close to the default ones).

The Ichimoku indicator is a trend-following tool. So naturally, we are using it for that purpose here, specifically for our entry and exit signals. The cloud of the Ichimoku indicator is used for the stop loss.

Below we show a trade example using this strategy:

The entry trigger (in this case, bearish) is the Tenkan Sen and Kijun Sen crossover below the Ichimoku cloud. A bullish crossover would be the opposite and would signal we need to take a long trade.

So, is that all? Not entirely. As you can see, we have another indicator plotted at the bottom of the chart. You may recognize it as the MACD, and you would be correct.

The lines at the bottom are the MACD indicator. But we use some uncommon settings for our purpose here.

The MACD settings here are:

144, 377, 233

You may again notice that these are Fibonacci numbers. With this strategy, we look for the MACD to give the same signal as the Ichimoku indicator. You can probably tell this by looking at the chart above. A bearish signal on the Ichimoku should be supplemented by a bearish signal on the MACD.

You may be wondering how the MACD helps this strategy when it is also a trend-trading tool like the Ichimoku. The key is in the settings.

The MACD, in this case, uses much longer-term periods for its settings. Thus, the MACD shows us the larger trend in the market while the Ichimoku gives us the swings within that larger trend.

If you are ready to take your trading to the next level, don't miss out on the opportunity to try the Owl Method scalping strategy and achieve the best results with LonghornFX! We have meticulously crafted this strategy to provide you with precise entry and exit signals, leaving no room for subjectivity.

By choosing LonghornFX, you'll benefit from top-notch execution, competitive spreads, and superior customer support. Put the Owl Method to the test and experience the true potential of this powerful trading strategy.

Join LonghornFX today and start riding the waves of success in the financial markets! Sign up now and take the first step towards a more profitable trading journey!

Happy trading!


24/7 live support, lightning fast withdrawals, guaranteed safe and reliable trading platforms with a true ECN broker.