Learn to be a Scalper - page 39
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Watching for price to go to the YELLOW BOX.....
Price has been Bearish for some time on the 4hr.
Will keep eye on the trend lines marked, and the indicators going all Green for a move back to the white MA's.
Here is the updated 1hr YELLOW BOX short I was waiting for.
I have the area marked with a circle, the hour is the right side, the 1m is the left chart showing entry for short.
I closed out when price hit the yellow line for 5 pips, the target was a little lower, but profits are the key to making money.
Always more to make.... always.
Weekly Totals
65 Wins 12 losses
+ 411 pips
Another short on the YELLOW BOX SPIKE +4 pips
EU Trades in Asia, called live on skype.
6 pips short (10 lots) = +60 pips
3 pips long (1 lot) = +3 pips
-2 pips long (1 lot) = -2 pips
+3 pips long (1 lot) = +3 pips
-3 pips Long (1 lot) = -3 pips
.05 pips Long (10 lots) = +5 pips
4.5 pips Long (10 lots) = + 45 pips
Total +111 pips
Weekly Totals
74 Wins 14 losses
+ 608 pips
2 more shorts from the 3600 level.
+2 pips (10 lots) = +20 pips
+6 pips (10 lots) = +60 pips
These were Asia HIGH extreme shorts.
Total update Post #386
I watched most of the moves the past couple hours, but was not interested in taking any trades, was just enjoying coffee and spending time refreshing my pattern recognition ideas.
I took a short in a very unlikely place, normally I am looking for longs at this point, but I recognized the pattern setup, and knew the low would test before a better long setup would present itself, actually I think the 3600 will break and go down some more.
+4 pips on this quick short.
I had to play the shorts, I took the first entry a little early, but felt the pressure was strong enough to come down somewhere up to the 1m 50ema.
I took a second short above to capture the profits on the final move down.
I exited early, have to leave the office now.
+6 pips and +1 pip.
Back at Sydney open.
Cheers.
Weekly Totals
77 Wins 14 losses
+ 617 pips (after spread and losses)
Good afternoon, got in the office at 6pm EST, and reviewed the NY session.
Basically a range day from the looks of it, so Asia has some room to play the break outs.
I am currently short looking for a drop to 3638, will post charts in a few.
At 7pm EST, I will review the pressure points of the range and expected break out, sup/res areas.
Update: I closed the short, was up 5 pips, and expected a bigger drop, but closed with +2 pips knowing the time of the day.
The Asia session opened up with 2R 5min candles, it was there I took my long entry and cleared an easy +5 pips before the test of the high right before Asia open.
Okay, things will start to shape up here for Asia, they may want to test the high at 3666, will see soon......