Bitcoin Intraday Leverage Strategy 2 - Bidirectional Scalping
The channels are pretty easy to understand, you can enter with whatever indicator/strategy you want.
I'm using the Spectro oscillator, whenever it enters on the entry channels I start opening my position.
I usually divide my position into 3 parts:
33% once it enters the channel(long or short)
33% if it breaches the lower/or upper level(usually that's when the best entry price happens, but doesn't happen always)
33% when it confirms and exits the entry channels and start going for the target.
Stop-loss can always be the bottom of the entry channels, honestly, for scalping, I'm very conservative, if it doesn't follow the direction I want I immediately try to close it at limit-orders as soon as I can.
I'm using the Spectro oscillator, whenever it enters on the entry channels I start opening my position.
I usually divide my position into 3 parts:
33% once it enters the channel(long or short)
33% if it breaches the lower/or upper level(usually that's when the best entry price happens, but doesn't happen always)
33% when it confirms and exits the entry channels and start going for the target.
Stop-loss can always be the bottom of the entry channels, honestly, for scalping, I'm very conservative, if it doesn't follow the direction I want I immediately try to close it at limit-orders as soon as I can.
Comment:
Pattern broke.
