PA, S/R, ZL, EXTREMES & MOMO

[Shinobi-X]

@es/pip
your scalping technique is responsible for most of my scalping success . really learnt a lot from your charts. thanks man

[es/pip]

es, thanks!

on your 1h-chart gu there is a support-line at 33. how did you know that this is a support? i would never draw a line there because price often came through that level in the past and it doesn't look like a good and fresh level.

once the head forms then the left shoulder becomes an area that has not been tested yet ----- based on the right side of the chart

if price had already came in and tested that area before that would no longer be an important area to me

if 33 didnt hold then the next area would be the next shoulder ( blue line)

[es/pip]

@es/pip
your scalping technique is responsible for most of my scalping success . really learnt a lot from your charts. thanks man

good deal

you can for sure just take a m5 and trade just that. i still do that sometimes when the range expands and there is enough room to each TP area.

as i am sure you know, it works fine as long as you dont take big losers and can flip your bias quickly and take the trades. and be able to just take a small profit if it doesnt go quick and get back in if need be

i have just found it easier to trade off larger s/r and use the m5 in the same way. This leads to some trades that have 70 pip targets with only a 5 or so pip stop.

[tmanbone]

I think this is an excellent chart of the exit being the opposite of the entry. I've missed this nuance in the past.

[Shinobi-X]

@es/pip
your scalping technique is responsible for most of my scalping success . really learnt a lot from your charts. thanks man

good deal

you can for sure just take a m5 and trade just that. i still do that sometimes when the range expands and there is enough room to each TP area.

as i am sure you know, it works fine as long as you dont take big losers and can flip your bias quickly and take the trades. and be able to just take a small profit if it doesnt go quick and get back in if need be

i have just found it easier to trade off larger s/r and use the m5 in the same way. This leads to some trades that have 70 pip targets with only a 5 or so pip stop.

yes, i agree with you. it's a lot easier to trade off higher tf while pinpointing the trade using m5 or smaller. in fact, my extended scalp is based on D1 bias/ pa/ s/r. H1 is used to confirm. i used statistics to find my edge in regard to sl or tp adjustments.

anyway, have a great weekend and more power for the coming trading week!

log out...

[es/pip]

currently looking for .6070 on the pound short

had m5 momo up but was into m15 momo down --- that held it for now, pulled stop in now

have to see what happens



the red Tp line is shoulder on h1

[es/pip]

missed this one

[es/pip]

bailed with 15

may short back into this m15 momo

[es/pip]

gu momo didnt hold --- didnt sell it

took eu long off that 10 support area

tp is ...30

[es/pip]

watching this m15 AU momo for a poss long

targ on that will be 56 area