Based on your pictures you enter the sell trade when you have blue background? or you wait until its will be red?xard777 wrote: ↑Mon Feb 03, 2020 2:04 amHere, you can see the trade more clearly...
Plus depending on what TF that you are following live you can decide which black channel line to exit at.
We are still trading in the direction off the 30 min DOWN BIAS, the 5min DOWN BIAS and the 1min DOWN BIAS
Basically, we are using the 1min to pick up and re-enter the 30 min DOWN move at the best possible entry (being the 2nd DOT off our 1min) as this is the start of our next day's trading.
On the morning price went down +200 from the 1min Bias then went back up +100 to form our 2nd Dot - If we were only trading the 2nd Dot and wanted to get in on the previous Days action then here is the only place to do that. So we would have giving up +300 pips in earlier scalping moves in order to get in on a safe move which itself paid out in cherries that day.
There are exit points on each TF where we would look to take our profit being where price lands on the black channel lines and of course you would decide which TF that you feel comfortable taking profit at.
Hope this helps.