Hi @khamara
Thanks for participating in the Steemit Crypto Academy
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| Explanation of the finger-trap scalping strategy | Screenshots/evidence | Presentation of the content | Trade management |
|---|---|---|---|
| 2/3 | 3/3 | 2/2 | 2/2 |
This is very good work. Well done with your research and practical demonstration of scalp trading style using the finger trap strategy.
Suggestions
You should note that the stop loss is placed 5 or 10 pips above the previous swing high or swing low depending on the trend you are following in the 1-hour time frame and whether you are going short or long in the 5 -minute time frame. That is purposely to give room to the up and downward price movements that might hit your stop very early.
You will also have to wait for the price to re-load. Once it recrosses the 8 EMA then that acts as a trigger for your entry.
Homework task
9
Thank you sir for the correction, i've taken note of how to place the stop loss properly for future purposes.
thank you for the correction.
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