Moving across with reliable consistent volatilityis ideal day trading.
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Moving across with reliable consistent volatilityis in a clear bear or bull market would be even more ideal day trading bc you know the overall trend is headed X, allowing weighted larger bets in that direction set in the outside parameters of that daily channel.
For example, eth is in this channel of movement today so I've set a long to buy in at $2500 when that happens. In the immediate short term I have a short placed at $2425 when we hit there.
Both are designed to catch the longer longs and longer shorts of the wider daily market range.
Essentially 2 plays in each direction long and short. 1 set of longs/shorts to catch immediate short term action priorities l profits.
The other 2 sets of shorts same thing, inner and outer time frames.
Combined with profit taking and stop loses appropriately.
*When managed correctly, all 4 take profits 80% of the time low end.
Practice and hone in where u place these and you'll make more and more esp the wider range of daily channel. Good luck. I hope this makes many of you rich.
&
Moving across with reliable consistent volatilityis in a clear bear or bull market would be even more ideal day trading bc you know the overall trend is headed X, allowing weighted larger bets in that direction set in the outside parameters of that daily channel.
For example, eth is in this channel of movement today so I've set a long to buy in at $2500 when that happens. In the immediate short term I have a short placed at $2425 when we hit there.
Both are designed to catch the longer longs and longer shorts of the wider daily market range.
Essentially 2 plays in each direction long and short. 1 set of longs/shorts to catch immediate short term action priorities l profits.
The other 2 sets of shorts same thing, inner and outer time frames.
Combined with profit taking and stop loses appropriately.
*When managed correctly, all 4 take profits 80% of the time low end.
Practice and hone in where u place these and you'll make more and more esp the wider range of daily channel. Good luck. I hope this makes many of you rich.