In this wonderful example of the USD/CHF all 3 trend time frames are VERY WEAK!
The 60 min is Weak
The 720 min (half day) is Weak
The 4320 min (3 day) is Weak
So what do we do? We SHORT rallies to upper keltner or balance point or hourly statistical high, all 3 entry methods work.
There are 6 sell signals using this method and 6 wins. If you are a scalper then exit trades at the opposite keltner channel. That produced 55 pips shorting and when the half day (720 min) trend shifted positive we bought the dip and caught up to 20 pips on that trade too
for a total of 75 pips today and 100% wins.
Notice we SKIPPED the 10:40 upper keltner sell as the half day trend was lessening and shifting slightly green.
Better to miss a trade every now and then and keep winning percentage as high as possible.
Please view our Hypothetical Results Disclosure and LeverageFX Disclosures