Here are some daily Scenarios. Trend is UP. Consolidating at the bottom of the channel. Tapped into demand zone 3 times. Might get a manipulation in the demand zone and go higher. Might also get a breakout from the channel, that will accumulate Short positions, but probably the breakout will fail and we'll resume the uptrend.
Entry1 : top of the H1 demand zone Entry2 : Middle of the H1 demand zone Entry 1: Riskier because of the tight SL RR: 7.58 Entry: 3155 TP: 3715 - going for breakout of the channel (green line) SL: 3081 - just under H1 support & demand zone Entry 2: Bottom of H1 demand zone RR: 5.79 Entry: 3135 TP : 3885 - also breakout of the channel but with a higher...
As you can see in the graph we have: 1. Shorts from breakout traders 2. SL' of Longs 3. Channel traders could go long at the bottom of the channel 4. Old support H4 could be a support now, but recently the price didn't really respected it as S&R , but was a range area.
1. we have a channel where we'll probably have a fakeout to get the longs SL's 2.on breakout from the channel we'll get a lot of shorts . The price can reverse from there to get the SL's from the new shorts.
Short: you can see the short idea with entries above the yellow trendlines + resistance, where the SL's for short are. We can get a nice reaction from there with a great RR. Long: We 2 possible trades if the market goes sideways for a while
Entry - on the demand zone. SL - just under it TP - above the current consolidation (where SL's will be for shorts)
Scalp entry: latest highs SL , just above those TP -> 2xSL I'm trying to find a set and forget scalping strategy . I need 50% win rate. On 100 trades we'll have 50 times Risk%
Entry1: Low of the recent LTF range SL: at the bottom of the range (risk to have it taken and go in our direction) - so.. better have a wider SL TP: just above the range Entry2: Low of the recent range SL: under the range lows TP: top of the channel where we might encounter strong resistance
Entry1: Demand zone: 0.119 considering where the price stopped before. The entry would be right beneath recent lows. Here, we probably have a lot of SLs, but it's also possible to have breakout shorts. A direct entry without some confirmations on LTF is riskier. SL: right below the last doji. TP: on a further away Supply zone that coincides with fib 0.5, or the...
Entry: Demand zone + support of the uptrending channel + trend reversal from the green trendline SL: below demand TP first supply zone OR close to 0.4$
Trade1: Entry 139, SL below demand zone 134$. TP 149$ - RR:2 Trade2: Entry 139, SL below demand zone 134$, TP 155$ - RR: 3.2
4H Timeframe: we have a fake breakout of the purple trendline. Short SL's have ben taken and now we're hunting for long SL's. 1.We have price into a rage 0.37 - 0.39 2. We have an imbalance: red elipse which might mean a sudden price drop. 3. we have a demand zone near support and trendline where we can have our TP. 4. You can partially take profits along the way,...
Trade1: Entry on demand area, above support (0.76), SL under support. TP: middle of the channel, depending on when the trade happens. Trade2: Entry on low of the channel. 4h support. (0.67) SL: under that support. TP: close to the resistance. Conservative: below. Expecting getting back in the channel , longer trade: above the green resistance
Trade1: Range Play . Entry top of the range. SL: above resistance. TP: in the demand zone. Trade2: ChannelTop + Supply zone on higher timeframe. SL: above the supply zone TP: somewhere on support , middle of the channel.
Considering a short before getting to the resistance level . SL just above the resistance, TP at a close support.
Considering a long if the price gets into the Demand zone, under a support. Maybe getting into that fake breakout
Notice the similarities between the 2 zones. We have a top resistance (green, with a fakeout, strong rejection) Dojis/small candles following that move. Price at a trendline support , testing it multiple times. Crash after a while to the next trendline support ... and even further after.
Trade1 : Short@69850 , TP68700, SL 70250 . Short when getting close to a previous high in a higher timeframe. TP @previous SR Trade2: Short@71200 , TP 69600 , SL 71800 , TP@current high that could become support. SL slightly above. These are long shot ideas. Prices for entry/SL/ TP probably will vary depending on the price action at that time