Robby Scalping configuration (Chinkoulinger)
No trade idea, just the configuration used by "Robby Scalping", a french trader who invented the "Chinkoulinger". Wanted to keep it for historical purposes and further analysis. The strategy is based upon Bollinger bands in H2 with 2, 2.5 and 3 StdDev and watch out for crosses by the lagging span in M15 against these areas.
French speaking: youtube.com/watch?v=YTaCZCKIZOk
French speaking: youtube.com/watch?v=YTaCZCKIZOk
Note
He also looks for the M15 bollinger band crossing the 3 H2 bands (kindoff "oversold" or "overbought" indication) or candles with wicks getting out of the outer black Bollinger (StdDev 3). In this case the TP is set at the Kijun. For an extra trade confirmation, he also looks the opposite side of the M15 Bollinger, to check whether it is touching the 2H bands. Depending upon the pair, it may be worth waiting for a contact with the outer band (GBPUSD for example which is said to react when candles are touching the outer band)I'm trying to formalize the whole concept, have to try on a demo account.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.