Learn to be a Scalper - page 5
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Just a quick note here for the Asia session.....
I am looking SOUTH>>>>>>
EU Short 3974 5 minute support break
Price moved back above my entry, the bodies of 5 minute at 3977 will be my stop resistance, if it breaks I will exit.
Update: 6:56 pm EST - Price stalled at 3978 on the 5 minute bodies, I am still in and giving it time.
This is my 5 minute expectation for Asia.
E/U Exit.
I was down -4 then up +8 then down -4, I closed with +5 pips.
I will evaluate Asia open here in a few minutes.
Price Really Spiked at Asia open....
Pulled up for my short entry at 3954 and exited with +18 pips.
That would have been better from 3974...
Will post a 1 minute chart in a bit.
Sorry for not posting charts, I was stacking short above 3960 level in preparation for the next drop from today's highs.
Those trades were all being tested for 1/2 hour or so before paying out.
1. Break even
2. +5
3. +10
4. +15
Too much risk on those, did not expect a TOP TAP to reach on that big spike up.
Now the gap play is over, I will take normal setups.
This was my Midnight EST 5 minute short.
+5 pips quick after spread.
At the top of the 9am EST hour price moved back into range, I took a short on the 1 minute chart at the stall of the previous attempt at this high 40 minutes prior.
It was a quick scalp that cleared +4 pips.
After my exit price moved down a bit further and has returned to the same area I just took a short.
I will watch to see if this moves higher or fails and returns to the previous low area.
I will be watching for more shorts in the 3950-3960 area.
The 3950 area gave a great short setup, I was away from my computer at the time.
Now I will watch the Low from London for attempt to break or a higher low setup.