Entry Models - Part 5: Oversold Scalp

Or overbought scalp for shorts...

October 20th, 2024 editor’s note: this concept went on to become the EMA9 RT in the EMA Dance, essentially targeting the EMA50 diagonal where the EMA50 Push should reject price.

The simplicity of the instruction allows perhaps a better or different understanding of the EMA9 reversal.

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For once, I’ll give you something short and simple.

This example 8R. Day made!

This model is incredibly consistent, and capitalises on a simple price action phenomenon that repeats itself several times per week. If you have studied my entry model #2, the reversal, then you understand that this edge allows an informed entry into that first scalp leg. You also understand why the stop is as close as it is.

Backtest this and make it your own. Once you see its full potential, it’ll be a solid addition to your bread and butter tool set.

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