SCALPING
Basically I don't do scalping, my mentors always told me not to do that as when you got stuck in this,, that's difficult for you to get out. I prefer short trade and my favourite is swing trade, I hold a particular trade for 4-5 days until it reaches my target. I don't panic sell or just take minor profit and exit, even if the market is coming down to my entry price, I still don't exit because I believe on my analysis,, and I can also dca it and gain more profit.
But sometimes, when the market is stuck, like the past 1 week, except from few coins, alts are almost stuck, so what I do here, I do scalping on 5min time frame with the help of bollinger bands and most important, 5 ema.
So what do I do, 1st I make a zone of that particular coin which is in gainer, pumped more then 12% and less then 20%, choosing gainer is just because of the volume.
Then I make a zone for scalping in 1h time frame, zone making is simple,, just mark last 20 candles support and resistance, after marking that,, draw a line at the middle of the zone, the go to 5 mins, remember the upper portion of your zone is the selling area and the lower portion is you buying area.
NOW the question is, where to buy from the lower zone area? Answer is, open 5ema,, when the 5min candle closes red, under the 5ema,,and it doesn't touches the 5ema line, at the last second of the candle closing, take entry, believe me it works. I did back test on it many times and it's result are almost 80%. And if you have any eye on bollinger bands also, it would be more easy for you.
Remember one thing, you are in scalping trade, your profit would be max 5%, for me, I take profit after 2%. Another thing, in scalping, you may need 2-3 dca on each trade, so use very little wallet, because you can have atleast 10 trades in 2 hours, your profit would be good..
One more thing, if the coin breaks the zone, from upside or downside, the zone function is finished so exit that coin, if you are in a drawdown in that coin, mark a 1 day support, take a 2x of your previous entry and on breakeven exit that coin.
This is the method that works for me always, like today I am scalping in hbar, and having good profit and I am also doing short trade in gala, dot and movr coin.
This is just my experience, hope it works for you guys. GUYS PLEASE DON'T COPY MY TRADES WITHOUT MY CONSENT. MY LAST POSTS WHERE SHARED MANYYYY TIMES AND PEOPLE COME TO ME AND SAY,, "YOU ARE COPYING HIS/HER TRADE" WHICH I DON'T LIKE SO HAVE SOME MANNERS. MY LAST POSTS PNL WAS ALL CIRCULATING BINANCE SQUARE LIKE HELL AND SCAMMERS WERE SAYING IT'S THEIR PNL, THEY TRAP PEOPLE LIKE THAT THAT'S WHY I STOPPED SHARRING MY TRADES/PNL HERE. HAVE SOME LIFE GUYS
But sometimes, when the market is stuck, like the past 1 week, except from few coins, alts are almost stuck, so what I do here, I do scalping on 5min time frame with the help of bollinger bands and most important, 5 ema.
So what do I do, 1st I make a zone of that particular coin which is in gainer, pumped more then 12% and less then 20%, choosing gainer is just because of the volume.
Then I make a zone for scalping in 1h time frame, zone making is simple,, just mark last 20 candles support and resistance, after marking that,, draw a line at the middle of the zone, the go to 5 mins, remember the upper portion of your zone is the selling area and the lower portion is you buying area.
NOW the question is, where to buy from the lower zone area? Answer is, open 5ema,, when the 5min candle closes red, under the 5ema,,and it doesn't touches the 5ema line, at the last second of the candle closing, take entry, believe me it works. I did back test on it many times and it's result are almost 80%. And if you have any eye on bollinger bands also, it would be more easy for you.
Remember one thing, you are in scalping trade, your profit would be max 5%, for me, I take profit after 2%. Another thing, in scalping, you may need 2-3 dca on each trade, so use very little wallet, because you can have atleast 10 trades in 2 hours, your profit would be good..
One more thing, if the coin breaks the zone, from upside or downside, the zone function is finished so exit that coin, if you are in a drawdown in that coin, mark a 1 day support, take a 2x of your previous entry and on breakeven exit that coin.
This is the method that works for me always, like today I am scalping in hbar, and having good profit and I am also doing short trade in gala, dot and movr coin.
This is just my experience, hope it works for you guys. GUYS PLEASE DON'T COPY MY TRADES WITHOUT MY CONSENT. MY LAST POSTS WHERE SHARED MANYYYY TIMES AND PEOPLE COME TO ME AND SAY,, "YOU ARE COPYING HIS/HER TRADE" WHICH I DON'T LIKE SO HAVE SOME MANNERS. MY LAST POSTS PNL WAS ALL CIRCULATING BINANCE SQUARE LIKE HELL AND SCAMMERS WERE SAYING IT'S THEIR PNL, THEY TRAP PEOPLE LIKE THAT THAT'S WHY I STOPPED SHARRING MY TRADES/PNL HERE. HAVE SOME LIFE GUYS
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