these are the best set ups .when price trades around the big averages ,in this this case weekly and monthly then scaling down to 1 to 5 mins.very low risk entries .
price failed to trade above ,so finding short entries the trade until price tells otherwise.i tend to scalp what i can get when europe and london opens its quite eratic and lots of volatility ,which works in are favor and against
i see you are monitoring the open ,which keeps the losses to a minimum. how you finding your cross averaged price level danc ?
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D.M..... say 4 hr.. and i mostly look at 3 or 4 candles..some times one.. if i look at multi.. i go ..say 3.. h+ h + hi div 3.. same lo same close.. add 3 to geather div 3.. for av.. not doing much at mo ..will look later.. ASX/200 been very kind to me this week.. same set up every morn
these are the best set ups .when price trades around the big averages ,in this this case weekly and monthly then scaling down to 1 to 5 mins.very low risk entries . price failed to trade above ,so finding short entries the trade until price tells otherwise.i tend to scalp what i can get when europe and london opens its quite eratic and lots of volatility ,which works in are favor and against {image}
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VERY NICE.. with week and month ..i also use 3 week and 3 month
Hi diceman, sorry to intrude but I was hoping you could take a look at a chart real quick and tell me if you see any opportunities. I've recently gotten into scalping the 5m on a number of pairs. My method is, I look for 3 basic set ups. Double top/bottom, head and shoulders, and cup and handle. I aim for at least a 2:1 RR and try to move my stop to BE as soon as possible. You may not even consider this scalping - more, intraday as some of my trades take several hours to complete. Anyway, here is the chart.
Do you see any opportunities on this chart? This was last night's movement on the EURUSD, 5M. None of the set ups I look for are visible, but maybe you see something I don't. Thank you for your time!
Hi diceman, sorry to intrude but I was hoping you could take a look at a chart real quick and tell me if you see any opportunities. I've recently gotten into scalping the 5m on a number of pairs. My method is, I look for 3 basic set ups. Double top/bottom, head and shoulders, and cup and handle. I aim for at least a 2:1 RR and try to move my stop to BE as soon as possible. You may not even consider this scalping - more, intraday as some of my trades take several hours to complete. Anyway, here is the chart. Do you see any opportunities on this chart?...
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lots of reasons why i would not have traded this,apart from only trading cable ,i dont tend to trade much after a few hours into newyork open.
ive applied my way of perceiving the flows.what i cant determine from looking at past periods is the values and the changes of those values in real time which are my final part of whether i enter a trade or not .but looking at the chart and relevant levels these would be the entries i would have looked for entries.
1st arrow price falling each swing on retrace was lower highs .
2nd entry similar.
3 rd entry bias changed to longs from the spike down and pin,higher lows and that classic bolw at the bottom .
4th entry again higher lows and i like to trade of fixed reference levels that one being 4 hour averaged
as i say not my pair and not my trading period i find it wishy washy after London close
{quote} lots of reasons why i would not have traded this,apart from only trading cable ,i dont tend to trade much after a few hours into newyork open. ive applied my way of perceiving the flows.what i cant determine from looking at past periods is the values and the changes of those values in real time which are my final part of whether i enter a trade or not .but looking at the chart and relevant levels these would be the entries i would have looked for entries. 1st arrow price falling each swing on retrace was lower highs . 2nd entry similar....
