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RE: MY HOMEWORK TASK:// SCALP TRADING USING FINGER-TRAP STRATEGY//#YOHAN2ON-S2WEEK5//14/05/2021
Hi @mobibliss
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 |
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2/3 | 3/3 | 1/2 | 1/2 |
This is good work. Well done with your research and the practical demonstration of the scalp trading style using the finger trap strategy.
You did not clearly demonstrate the trade management element of the finger trap strategy. The Stop loss is set 5 or 10 pips above the recent swing high if you are going short on an asset and the reverse is true.
There is also an element of trailing your stop in order to continue making profits from a continuously profitable trade.
Homework task
7
Thanks prof. @yohan2on for pointing those out.