Scalp, scalp, scalp

scaled down 1 min

sorry dance these posts are not directed at you ,just got some time on my hands and dont like trading asia session,

last part of my jigsaw puzzle .

this is all hindsight ,the levels are 50/50 .what happens at the levels are not.i trade the the unfolding outcome from these key points.do i trade the bounce ,do i trade the break out price tells us that ,most levels have a reaction similar to these.the bull candle break on the chart tells me something.and gives me a new average ,that what i trade.

the bounce trade is determined from a long period of range along that weekly low,im prepared to risk a small stop here for a bounce ,im also monitoring related pairs which will also be at a market stalling point.often you can see the bounce and influx somewhere else ,which will support the bounce or support a break down.

i hope these posts don't appear patronising ,it is for my benefit,to reinforce what works and to emphasize my trading plan,its very easy to mentally drift and just fall into a chaotic trading state.if anybody gets somthing from it that good.

this is abc trading .it does not need to be complicated,the market is complicated trading it should not

THKS D Man will have a GOOD hard look.. Re Asian.. as i have mentioned before i trade the ASX 200 most days with my numbers.. bur last night some one from the DAX thread mentioned volatility and the JPN. 225.. got a beauty on the one min this OZ morn.. dying to do some numbers and try em.. here is the trades on 1 min chart..

bloody great .when i look at a trade that works to plan so well its as good as listening to a fine piece of music

looks like the trendline is at work. closed one short for 20 pips and other one at be. if lucky will reach 4300. 4500 is a target for next week. i guess playing the swing along the trendline is worthwhile

i think you have done the right thing.

i have 14440 14450 as the above price initial target,but there are plenty of pickings below price.the news will decide this one

ive taken a long position on cable at 60 ,but really struggling to break above this 65 level

heres entry from 15 min and hour av.my stop is at b/e

i closed at round no the previous highs for 40 pips,playing safe ,but if the board remains the same and that last bull candle average gets tested ill re enter,i think this has legs today

4h close below 4230 makes 4350 a very strong resistance. in case it is not broken, leg down to 3900 will resume

very sweet trade that tash,buy of the bottom back to the weekly average
,i posted a clip the day before on daily chart showing that weekly average closing price ,and bing bash bosh it closed to the pip .i really wouldn't call this yet ,the buying of those lows is vast ,but does not have the back up to follow through and break above those highs,
i was long into 14400 early yesterday as posted and it became evident she was not going to break,even supported buy a strong sterling across the board ,when the pound gains so much strength on the yen and chf if cable does not at least get a decent lift then that tells you a story.this was the case yesterday london open ,in hindsight and i did think to short at my long closing 14400 but could not trade against sterling strength. hence didnt get short .it was a good book to read and mentally logged for such repeated p/a.

ASX 200 just above weekly av..15 mi chart..long 5046

scalped 20 points out of this.. now back resting on weekly average.. 5046..went slightly throu multi week and mth points.. flat now

1 min cable 2 long possies.. multi week point and multi month point

stopped out.. to wild

long again.. 1 min.. this bldy thing doesnt know what its doing

closed at4267and short about same point

hi danc,

you have been busy.

your long cable scalp was also supported overall with pound crosses,its now at the top of that weekly band 75 level which i keep posting,i dont intend to recalculate the weekly until that collapses.you took your short scalp somwhat at the top of that band so you may well get some pips as it ranges within the band .im watching the related pound crosses to determine if she will break above that 75 level all fall back down.im not gonna trade her until she leaves that zone and i can recalculate last wks closes

its certainly a good size band to scalp in 35 pip range

Thks D man.. 1 am certainly no over confident.. up about 10at the mo probably should take it.. i would like to see it below 50 to give me any confidence of going lower

diceman555 thank you for explaining your trading approach.


Could you add how do you (I should) calculate all your S/R levels? I have a lot of unclearness. For example "wkly s h" value is obviously not last (finished) week high.


Thank you.