Price first. The entry rules for both methods are identical. The difference lies in the exit method. For the scalping method I enter my target exit order immediately after I enter my protective stop. For the larger trend trades I use a combination of the Keltner Channel and the 89 period moving average to help stay in the trades for longer periods. That being said lets go over the entry and exit rules for the scalping system first.Long TradesConditions required for trade entry - in sequenThe Keltner Channel is a band-indicator that takes into account the volatility of the market.
Developed by Chester W. Bollinger Bands define the standard deviation as volatility while the Keltner Channel use the Average True Range to extract volatility.Trading MethodsThe Keltner Bands can be traded in several, very different methods. The first one is the simple Trend-Following breakout method.