Day Trading Setups
Ascending / Descending Channel Scalp
A channel is two genuinely parallel trendlines holding a constant width apart. Fit the rail by hand, set the width, and every real bounce between the two lines becomes a trade you can grade against what actually happened next.
Fit the rail, set the width, arm the channel
Drag the two gold handles to fit a line through the real touches on one side of the channel. The width slider sets a fixed parallel offset, the second rail draws itself below your line at that exact distance and moves with it. Once enough of the real bars sit inside both rails, Arm Channel turns on. Click any real touch of either rail to fade toward the opposite one, the trade grades itself against the bars that actually follow the click.
Containment score
Drag the gold handles to fit your line to the real touches on one rail.
| Side | Trades | Wins | Breaks | Win rate |
|---|---|---|---|---|
| Upper-rail fades | 0 | 0 | 0 | — |
| Lower-rail fades | 0 | 0 | 0 | — |
| Combined | 0 | 0 | 0 | — |
How it works
- The two rails come from your own line, not a hidden fit. Drag the handles to set where your line sits at the start and end of the channel section. The width slider adds a fixed parallel offset below it, move either control and both rails move together.
- Containment is a real percentage. Every bar in the channel-formation section gets checked against your current rails, did its full range actually fit inside them. That count, out of the total bars, is the score shown on the bar and in the stat box.
- Arm Channel unlocks at 80% containment. Below that line the fit is too loose to trust as a real channel, so no trades can be booked yet.
- A booked trade grades against the real bars that follow the click. A fade wins if price reaches the opposite rail before a close pushes clearly outside the rail it just touched. If the close breaks out first, it counts as a channel break instead.
Where this breaks
A parallel fit can still be riding toward its own failure
Fitting two rails to real touches describes the recent past well and says very little about which bounce is the last one. Every real channel eventually breaks, and the bar right before a break usually still looks like a clean touch, since that touch is exactly what triggers the fade in the first place. Widening the width slider also raises the containment score on its own, a wider channel simply forgives more bars without the underlying structure getting any stronger.