Learn to be a Scalper - page 50
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65 EMA hit sooner than expected, now were in business.
Coming into Asia, will see how they respond to the recent upper movement in the NY session.
I set my LONG limits when the NY closed and going into early Asia, by the looks of it price dipped nicely, picking up all my entries, I was surprised when I just returned to see that they paid out.
+70 pips total in the arrangement, the best payout this month so far.
Does Asia have enough momentum to reach the NY high??
For now price is squeezing a top, but it could be a trap to enter shorts just yet.
1.3774 was the 15min body on previous stall, now were there hitting it again.
I was hesitant on the short I took, exited with 4 pips, then when I looked price broke the previous high and I took a long for 7 pips.
Was not ready to go in that fast TWICE, was actually very fortunate on both of those trades.
Seen a short, it faked me by 1 pip spike, then came my way, 3 pips real quick, not sure just yet if were topped out for Asia.
I will attempt as I see it appear.
Took a short and it got me for a 3 pip loss. "yes a loss" (1st chart)
Then waited for it, took a short, it was up 5, I waited for the move back up for the real trade short, took another entry and closed them both for 5 pips total. (2nd chart)
Not sure how much I have traded today, I will review my orders and profits in the morning.
Post charts if your making trades, would like to see others.
Cheers.
Ran my daily transaction, 92 pips after spread and losses, a nice day.
Great job as always. Today I had a horrible day 4 losers -40. Tomorrow will be another day.
Cheers
Watching the upper swing as it starts to shrink, now we will see if it fades down and circulates on a lower swing.
Update: That pattern failed for now, but I am watching it as it test the previous high.
Great job as always. Today I had a horrible day 4 losers -40. Tomorrow will be another day.Cheers
Were those 5min setups? -40 will be easy to make up, you will have it back in no time my friend.
It is the losses that teach us the most.