Learn to be a Scalper - page 13
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And price went lower giving a new long setup.
+8 pips on that higher low setup.
Weekly Total:
8 Wins 0 Losses
47 pips (daily goal of 21 pips reached)
Watching resistance at 3948 line on the 5min chart.
I am expecting a move back up to 3978 area if price keeps going sideways and rejecting the 3918 Asia low area.
Note: 15 min is on a 9 to 10 R MOVE down, looking for G bar to form on this consolidation area.
As expected, 15min G Bar breaks my resistance area, I jumped for 2 entries, a lower expectation after the stall down formed, then the break itself.
+10 pips and +3 pips.
Watching for stalls up to 3978 level.
Weekly Total:
10 Wins 0 Losses
60 pips (daily goal of 21 pips reached)
Prepare for shorts.
Watching for stall patterns now.
Nearly when I posted to watch for stalls, I loaded 2 short positions.
Exited conservative for +6 pips and +7 pips.
Charts to follow.
Weekly Total:
12 Wins 0 Losses
73 pips (daily goal of 21 pips reached)
10:37 pm EST
After a 9R Move on the 15 min chart, price then had a retrace mode, giving a 2G, it could not reach the 3978 level, and started the R Move again to test the low.
Now look for a higher stall for rejection of Asia low, or even a spike through the low and back above that line when it bounces.
So the next setup is LONGS on the rejection of going deeper.....
Had a setup, entered a bit early and was down 3 pips with spread, finally went my way for +3 pips.
I may be near quitting for the day, unless it really screams either way fast.
Weekly Total:
14 Wins 0 Losses
+76 pips (daily goal of 21 pips reached)
Looks like EU has ranged for most of London session, was expecting a long setup here on this last drop.
I took +4 pips, but price moved further then my target after my exit.
Weekly Total:
16 Wins 2 Losses
+74 pips
That was a big sell off going into the 10am EST hour.
Were reaching the London low, and the DOW is down also.
Will wait for the move up into the short zones, then take shorts if they set up correctly.
No Longs at this time.
I took 2 shorts, a little different style this time, but the same concept off a stall from the big R move down.
+5 pips and +3 pips.
First entry short was a manual, the second I placed as a limit near the same area as the first entry.
I actually had more pips, but was trying to get a screen shot for the thread and missed a few pips.
The 2nd chart is how it looked after my profitable exit.....
19 Wins 2 Losses
+86 pips