CCSS

The Chart Champions Scalping Strategy (CCSS) was crafted in-house.

This particular strategy utilises EMA, Bollinger Bands, Elliot Waves, Horizontal and Fibonacci levels.

When scalp trading you should look to avoid using market orders as the fees will eat into your profits.

Remember, scalping takes place on lower time frames and requires the utmost focus and risk management.

When scalp trading expectations must be managed realistically, some trades will be closed within minutes of being opened and others may need to be managed throughout the day.

You may start your scalping session with a few losses before you have a run of wins. But with proper risk management, your wins will return you a profit by the end of the day.

This is a bespoke strategy, so it is worth reviewing this module several times and perhaps even paper trading it first.

NOTE: Scalp trading should never be looked at as an "easy money" approach.

Time Stamps

3:59 – REN Previous COTW (DO NOT TRADE THIS)

13:13 – ONE OF MY SCALPING STRATEGIES

• BB, EMA’s, horizontals and fibs
• Daniel uses a 3-5 min chart for scalping
• When volatility is low he uses 3 min chart, when volatility is high he uses 5 min chart (5%+ moves on BTC) because there can be some false signals
• It is a counter-trend strategy
• You need to have time. Trade takes from a few minutes to an hour.
• Of course, this is not a ‘magic’ strategy but with good risk management should be profitable

SO:

• Add horizontals (S/R, Monthly, Weekly, Daily)
• Add EW (dependant on the direction you may only favour longs/shorts)
• Add moving up & down % crossing and add RSI alerts (15. 5. 19 Champions stream)
• Add fibs
• Still, you do not take every single trade (you have to get a feel)

THEN:

• You enter a limit order on the close of the candle that closes outside the BB (not wick)
• TP1: EMA 8, TP2: EMA 12, TP3: EMA 26
• For 0.5% gain you place SL at 0.2% loss
• In extreme volatility, you place SL at 1% loss and target at 2% gain
• When TP1 is hit you move SL to entry

38:56 – ADDING COMPLEXITY

• For instance, when you see bullish divergences or confluences with important levels (fibs, horizontals …) you can increase position size and let the trade ride longer
• Trade with momentum

 49:16 – BTC EXAMPLES and Q&A

• Focus on win % – consistency
• Never market buy (fees eat up profit)
• Use risk management or use a certain amount each time

 1:01:12 – FROM PLAIN CHART – AVERAGE DAY

• When Daniel starts with a plain chart he marks:
• (Monthly, Weekly, Daily)
• Fibs (HTF)
• Daily EMA (he writes down on paper daily 55EMA and 4H 55EMA)

P.S.

Daniel uses 4EMA+DC+BB indicator on TV (he made it, it is public)

1:19:22 – BTC TA

1:26:43 – LTC TA and ETH TA and Q&A