When you have a regular trend and you are not in you can scalp it for pips Take the Bollinger band and draw the extension of last move, when the wicks is outside de BB on extension take your trade, the take profit and wait. You can also do that on buy system if you prerfer it will depend if you are more easy on short or on buy RR is between 4.5 - 6.2 /1 Take care
Trade your plan - if you dont have any, avoid to trade - stay safe
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ANY COMMENTS ??
Comments
IvanLabrie
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Good, shame the stop was too tight on the last.
BLUE43
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its for the RR calculation i dont use stop on this type of trend cause i know the next extension and can reshort and make BE in case of
IvanLabrie
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Ah, I see. Then you risk half and just add on the next level?
BLUE43
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yes cause i see the divergence on extension on constant trend and im confortable with my money management, but that dont happen so much cause i have good calculation on extension price :_)
IvanLabrie
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As long as it's contemplated before hand and manageable, it's cool. ;)
BLUE43
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look the rsi is going flat at the end there will be a reversal no risk
KevinSummer
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I really don't know how do you predict, with Fourier transform, you like a prophet!