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Phoenixx

1,173 Posts.

71

07/05/22

18:56

Post #: 61268179
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Originally posted by slick: ↑

A bit of bottom dwelling while searching for scalps in this challenging market.

I always love the pips gained when SP's close or wick well below bollie bands. Here's a couple that may provide trades if you're only looking for daily wages.

QPM.

You can see that wicks outside in the past has always resulted in positive movement.

PGO.

PTX

Has always offered 15% trades from wicking below bollies.

CDT

With that gap at .039 acting like a magnet you'd love to see it close and be a great spring back inside bollies.

Nothing guaranteed of course but just another way (and simple way) of scanning out potential income trades.

Cheers

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These charts are a great offering, and I will follow them starting Monday and understand that I need to do my own research.
May I ask Slick, if you put in your support and resistance lines in manually or is there an indicator on the platform you used? I respect you that you don't have to answer and this is your IP. Thanks for the big heads up
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