Long forgotten technique is scalping between averages ideally 20 n 50 .
We’ll use them here with bb
With psychology entries n exits
Here we have an area of high volatility n manipulation- psychology markets like to revisit area of high volatility. Why ? These are areas of prior manipulation and money areas that markets like to cash in at ( collection )
This can be seen in red - there’s a fill in here , n a failed bottom reversal with high tails on top of the transaction .
Bb helps use see this area as it’s a volatility indicator.
The upper bands are at this area near the 50 n 200 ma
There’s a wedge bottom forming - wedge bottoms usually have a push up return
The bb helps here as the failed bottom reversal happened outside the lower band
Price tagged the 20ma and price is staying inside the lower band after a bear big bar there’s a small bull bar that’s a micro double bottom
Thus we have a local divergence here which is a result of a possible wedge bottom
If price moves pass the 20 going up towards the wedge upper trendline we can scalp that move
Beforehand n add to the break of the wedge upper trendlines n target the volatility area which is also where the 50ma n upper band is located
About 100 plus pips here if price n the possible making to many that’s not a scalp but to us it is ,, we catch move then 100pips per trade .. huh n don’t look for anything else than a few hundred
Gl
We’ll use them here with bb
With psychology entries n exits
Here we have an area of high volatility n manipulation- psychology markets like to revisit area of high volatility. Why ? These are areas of prior manipulation and money areas that markets like to cash in at ( collection )
This can be seen in red - there’s a fill in here , n a failed bottom reversal with high tails on top of the transaction .
Bb helps use see this area as it’s a volatility indicator.
The upper bands are at this area near the 50 n 200 ma
There’s a wedge bottom forming - wedge bottoms usually have a push up return
The bb helps here as the failed bottom reversal happened outside the lower band
Price tagged the 20ma and price is staying inside the lower band after a bear big bar there’s a small bull bar that’s a micro double bottom
Thus we have a local divergence here which is a result of a possible wedge bottom
If price moves pass the 20 going up towards the wedge upper trendline we can scalp that move
Beforehand n add to the break of the wedge upper trendlines n target the volatility area which is also where the 50ma n upper band is located
About 100 plus pips here if price n the possible making to many that’s not a scalp but to us it is ,, we catch move then 100pips per trade .. huh n don’t look for anything else than a few hundred
Gl