We don’t rise to the level of our goals. We fall to the level of our habits. Construct a trading plan with good habits >>>
The Trap Play – Scalping Strategy
1. Wait for a Trap Play signal to occur.
2. Enter the market immidetely when the signal appears.
3. Place your stop loss on the opposite side of the signal-candle.
4. As the market takes off, immediately remove the risk by trailing the stop loss with the previously closed candle high/low.
5. Keep trailing until market reverses to capture as much of the move as possible. Be careful not to let greed take over!
6. I dont recommend using a take profit level, as you never know how rapidly and far the market can rally/decline. Keep trailing!
#Trailing stop triggered
7. Repeat!
The Trap Play MT4: https://www.mql5.com/en/market/product/96341
The Trap Play MT5: https://www.mql5.com/en/market/product/97202
Register at Binance