Entry on the 1st Setup (Forex scalping system)

[superalf]

Hi,

I’m going through the FTMO Challenge course and I’ve made it through most of the videos for the forex scalping system Petko uses (based on the FPSM indicator). It’s very interesting, I’ve started demo testing it and I like that it’s fairly simple and straightforward. Going through the 4 setups they all have a well defined entry point except for the 1st setup. The other 3 use the fibonacci or 20 MA for entry but I’m not sure if I’ve missed something but on the 1st setup it is not clear when we should enter. The PDF says to enter 2-3 bars after opening of the London session but what does Petko look for to enter? Momentum in the direction of the trade? Any signs in particular?

[Alan Northam]

Hi Superalf,

According to the video Petko looks at the Forex Profit Supreme meter to make sure it is the best pair to trade. Then enter 2 to 3 bars after the London open.

Alan,

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