Ribbon for Scalping 5 to 15 min timeframes
Ribbon Scalp Strategy
TF: 5-15 mins
When to enter long:
Wait for whole ribbon to turn green then enter long
Once in the trade watch the outer 3 lines. If they start to spread away from the others, that’s a sign that a pullback is coming so ether exit or move your stop into profit to protect it
When a pullback happens, watch the yellow band for a bounce. If it bounces off, stay in trade. Cross below, could be reversal sign so get out. When moving stops throughout the trade, use the yellow band as a guide to know where to move stop too, placing it just below the line.
There are two yellow MAs. When you start your session, look left to see which one has been acting as support for the past few hours and go with that one.
As long as it stays above the yellow, you can stay in the trade. Again exit, when outer bands start to widen.
Short - everything above in reverse.
What not to do:
Do not try to pick a reversal early when you start to see one or two bands turn red - this does not mean a reversal is coming! It could just be a pullback before continuing long.
TF: 5-15 mins
When to enter long:
Wait for whole ribbon to turn green then enter long
Once in the trade watch the outer 3 lines. If they start to spread away from the others, that’s a sign that a pullback is coming so ether exit or move your stop into profit to protect it
When a pullback happens, watch the yellow band for a bounce. If it bounces off, stay in trade. Cross below, could be reversal sign so get out. When moving stops throughout the trade, use the yellow band as a guide to know where to move stop too, placing it just below the line.
There are two yellow MAs. When you start your session, look left to see which one has been acting as support for the past few hours and go with that one.
As long as it stays above the yellow, you can stay in the trade. Again exit, when outer bands start to widen.
Short - everything above in reverse.
What not to do:
Do not try to pick a reversal early when you start to see one or two bands turn red - this does not mean a reversal is coming! It could just be a pullback before continuing long.
Release Notes:
Ribbon Strategy for 5-15min TF Scalp or Day Trading.
When to enter long:
Wait for whole ribbon to turn green
Enter long once price breaks the band or any time it retests the yellow EMAs
Once in the trade watch the outer 3 lines. If they start to spread away from the others, that’s a sign that a pullback is coming so ether exit or move your stop into profit to protect it
When a pullback happens, watch either yellow band for a bounce. If price bounces off one of those EMAs you can stay in the trade.
If price crosses below the yellow EMA, this could be reversal sign so take profit.
When moving stops throughout the trade, use one of the yellow bands as a guide to know where to move stop too, placing it just below the line.
There are two yellow EMAs. When you start your session, look left to see which one has been acting as support for the past few hours and go with that one for your retests and stop loss placement.
As long as price stays above the yellow band, you can stay in the trade. But still prepare to exit as the outer bands start to widen.
When to Short - everything above in reverse.
What not to do:
Do not try to pick a reversal early when you start to see one or two bands change colour - this does not mean a reversal is coming! It could just be a pullback before continuing long and jumping in too early will lead to a lower win rate.
When to enter long:
Wait for whole ribbon to turn green
Enter long once price breaks the band or any time it retests the yellow EMAs
Once in the trade watch the outer 3 lines. If they start to spread away from the others, that’s a sign that a pullback is coming so ether exit or move your stop into profit to protect it
When a pullback happens, watch either yellow band for a bounce. If price bounces off one of those EMAs you can stay in the trade.
If price crosses below the yellow EMA, this could be reversal sign so take profit.
When moving stops throughout the trade, use one of the yellow bands as a guide to know where to move stop too, placing it just below the line.
There are two yellow EMAs. When you start your session, look left to see which one has been acting as support for the past few hours and go with that one for your retests and stop loss placement.
As long as price stays above the yellow band, you can stay in the trade. But still prepare to exit as the outer bands start to widen.
When to Short - everything above in reverse.
What not to do:
Do not try to pick a reversal early when you start to see one or two bands change colour - this does not mean a reversal is coming! It could just be a pullback before continuing long and jumping in too early will lead to a lower win rate.