Let's short scalping more my friend
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DislikedHappy New Year BB!
Just going on todays sentiment for scalps on M5 dude and thats 86 pips to the downside in 1 hour - look at that missed an entry by 2 pipsIgnored
DislikedCurrently looking at 15505 - 15511 as a retrace to enter main direction of the day: 38% of this morning's move , H1 SMA200 and DPIgnored
Dislikedcould be ...M5 close above 15517 (50% of today's move and the Sunday night low) and I will probably cover ... looking for TP @ the higher low on M5 roughly 15480
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DislikedSo my stop is already at BE - it might be a little premature in this instance but it's just my safe way of playing the markets.Ignored
DislikedYou're right to be cautious Bleek - too easy to give it all back to the marketIgnored
DislikedVery much so, I took a short from 542 this morning for 'just' 32 pips. That's more than enough.
I just took +13 at that equal low around 490 on the M5.
I think that's me done for the day.Ignored
DislikedI didn't expect it to move particularly quickly from here, that looks to be the case.
We need to see a break of 475 because there's plenty of room down to 430 from there. A break of 510 and we're likely away north until we hit 525-30 where there's more recent congestion.Ignored