[walterw]

This is a diferent version of the M`s that works very well on cycle days... similar to the Lazy Trade but its diference is that we need a swing of the previous pivot... probably from all my M`s this is an easier setup because you inevitably need a false swing to take the trade...

Its very important as all this countertrend cycle trades to be shure we dont have momentum in place, otherwise its a clear recipe to get stoped...

now when you have a :zzz: day then this "False Break" trades work like a charm...

So whats needed to trade this trade ?

1rst_ we want to have an outerband pivot being formed creating a level..

2nd_ we want to break that level, but not much...

3rd_ right after the break things loose steam and get back in... here we time our entry and expect to cycle back inside...

4th_ exits should be scalpers exits as we dont expect any super move...(we dont have momentum)


so I attach a chart of this, so you can understand what I am talking about here....

The advantage of this trade is that it gives you the posibilty to make very nice gains on this slow cycle days... its more easy to spot than the lazy trade because you need that swing for the setup...

For timing I am using all of the "flip" timing methodology with cci... in this case I do take the 100 levels cross for entries... setups are on 55Tick chart, "very specific timing" is in 22 Tick chart...

I will be posting this one for a while... and dont forget I am a scalper... cheers Walter.