Looking for a long entry scaling in and out until the butterflies D point is hit. At this point I will be looking for a short entry scaling in and out while manually moving my stop as shown in the chart. They butterfly
is a common 4 wave extension of a 1-5 EW cycle and offers great R:R, and when it is showing up at the end of an EW cycle it has a higher probability of working out than a standard butterfly
that can be found in ranging markets. Nitice the divergence in the CCI
. I use a greybox system i created to find my exact entries and exits on a smaller TF.. Here is a picture of the lower TF chart I will be trading on. https://gyazo.com/96d70d4e8648323d90b2fd...