GBP/USD High probability scalp W/Discount PD Arrays
Hello Traders!
How to trade the daily time frame. (Not for short term and undisciplined traders)
1. Wait for a swing point to be broken. That generally is going to be a potential shift in market.
In this example we can see that a swing high is broken on July 13th.
This would call for a potential shift to a bullish cycle.
2. Since the swing high was broken you are now waiting for a swing low to from higher than the previous swing low recently formed.
In this example we can see July 14th made a swing low. Then we see a price shift, and a higher swing low made on July 21.
3. Wait for the 3rd Candle High in the swing low formation to be broken. Once the high is broken by the next trading day we have a high probability run on the high.
4. Wait for an opportunity to get in long the next trading day and aim for the pervious daily high.
Extra: You can scale off some profits, and hold for higher prices. You may have just got in trend with the commercials buying program. Hold for higher swing highs to be broken and scale out above them. You can enter the market day intraday for longs until you break old swing high.
How to trade the daily time frame. (Not for short term and undisciplined traders)
1. Wait for a swing point to be broken. That generally is going to be a potential shift in market.
In this example we can see that a swing high is broken on July 13th.
This would call for a potential shift to a bullish cycle.
2. Since the swing high was broken you are now waiting for a swing low to from higher than the previous swing low recently formed.
In this example we can see July 14th made a swing low. Then we see a price shift, and a higher swing low made on July 21.
3. Wait for the 3rd Candle High in the swing low formation to be broken. Once the high is broken by the next trading day we have a high probability run on the high.
4. Wait for an opportunity to get in long the next trading day and aim for the pervious daily high.
Extra: You can scale off some profits, and hold for higher prices. You may have just got in trend with the commercials buying program. Hold for higher swing highs to be broken and scale out above them. You can enter the market day intraday for longs until you break old swing high.
