Hello,
Just a journal I am starting to share my trading.
My strategy is scalping based on a higher time frame and is well explained by this video. The video does not show stop losses but I personally will get out of a trade if it goes against me based on a certain dollar amount.
https://www.youtube.com/watch?v=icr3HSNxgO8
We look at the 4 hour chart for S/R areas like below (marked by circles where candles have shown S/R);
Then drop down to the 5 minute chart to find good entry areas (marked by circles). We aim for the nearest S/R area for easy profit (marked by the line);
I will post trades as they come.
Cheers
Just a journal I am starting to share my trading.
My strategy is scalping based on a higher time frame and is well explained by this video. The video does not show stop losses but I personally will get out of a trade if it goes against me based on a certain dollar amount.
https://www.youtube.com/watch?v=icr3HSNxgO8
We look at the 4 hour chart for S/R areas like below (marked by circles where candles have shown S/R);
Then drop down to the 5 minute chart to find good entry areas (marked by circles). We aim for the nearest S/R area for easy profit (marked by the line);
I will post trades as they come.
Cheers