Get started

Scalp

Short Scalp StrategyThis is a lesson on how to find good short scalp opps after strong moves into a resistance area. Wait for signs of weakness and look for some of the following things... 1. Upthrust through LTF resistance 2. Strong sell volume on rejection 3. Hz support break 4. Bearish Divergence All of these were met on this trade (H1 TF showed bearish div). —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. Never use just 1 indicator for confirmation. 7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Price Action greater than Indicators/Fractals/MAs 10. Horizontals greater than Diagonals Please Note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
by DaCryptologist
Breakout Scalp In The US30It’s been a whipsaw morning on Wall Street, let by a 1% gain in the NASDAQ and negative action in the DJIA. For the US30, we have seen two key technical levels come into play: Weekly EMA, 34,377 Weekly 62% Retracement, 34,491 A bullish breakout above 34,500 is possible as the weekly high is 34,504. Here is the trade: 1) Buy from 34,505 2) Stop loss at 34,489 3) Profit target at 34,521 4) 1:1 risk vs reward for 16 pips This trade gains strength if 34,504 holds as the weekly high going into the Monday session.
ULong
by TheTradingRoom