Learn to be a Scalper - page 18
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2 shorts on the move up at 12am EST.
+5 pips and +2 pips.
48 Wins 5 Losses
+223 pips (after spread and losses)
It was a short.
We had a small sell off before the 8am EST hour, I will be looking for moves down into the 3937/3933 for possible longs.
The 1min gave a signal here, but the 5m and 15m are both coming off a bigger R Bar then I would like on longs.
As the price makes the move down, I am waiting for the 1min to give a long setup based on the overall BULLISH PRESSURE.
Watching here for Long setups.... 3930/33 up to 3945
The 1m is giving lower area support and the last 2 bars giving breakout for long entry.
Will wait for the cycle to complete here.
3932 was price on chart, LONG for now at 3933.
Exit +3 pips.
Will re enter on the break of that 38 area the 1m is stalling at, then up to 42/45
USD/CAD news in 1 minute, may need that data to push US one way or the other on EU.
So price could not hold, we wait for this next stall.
Longs are near always on a pullback, nearing the 38.2 of London bullish move.
38.2 3915
50% 3898
+2 pips on a quick hit off 38.2 level.
Will watch for more setups here.
+3 pips more on the 1m resistance break.
52 Wins 7 Losses
+230 pips (after spread and losses)
Update: I took a Short as per the attached chart, just put the exit limit in and was making coffee.
+4 pips.