Mr. Hyde becomes a scalper

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Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 2:15 pm

Dan wrote:Appreciate the charts.


Cool man. Hope some members get something out of this. If you can scalp, you own the world in my view as a trader.

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Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 2:16 pm

Hum, Breakout entries or retest? Another thing i gotta watch. Maybe a mixture.

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 2:20 pm

I gotta say. i feel like the 3m chart is kinda a game changer for me. Im actually able to see the price action on this level to acually be day trading on. Even a 5 or 10m chart is to high. 2 trades already in less then a hour.

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 2:40 pm

This was a game changer for me when marking supply and demand zone. Look for levels with decreasing then increasing candle size. 4 to 6 is real nice. You can have some small basing candles in between. Maybe im a lil slow, but that took my SD trading to the next level.

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 2:44 pm

To trade a reversal i need 1. Price level. 2. Divergence. 3. Candlestick.

Just cuz there is a double top im not calling a reversal no more. This is going to take time and work for me. But im already seeing improvements in my trading.

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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 3:09 pm

Also i want to trade either eu or gu. But i cant put as much effort into it. Maybe mark off zonces and when price is inside then look at the 3m chart and look for a trade. I dont recommend anyone trying to trade multiple pairs on such low time frames. I have multiple screens so i can easily access everything. There was a monster on EU today. Even if i just got another 3 trades and 2 were winners. Def worth it.

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IgazI
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Re: Mr. Hyde becomes a scalper

Postby IgazI » Wed Jun 09, 2021 3:23 pm

Mr. Hyde wrote:I gotta say. i feel like the 3m chart is kinda a game changer for me. Im actually able to see the price action on this level to acually be day trading on. Even a 5 or 10m chart is to high. 2 trades already in less then a hour.


A one line break chart can help to clean up the minute(s) chart so that you can see the price levels (closing prices) clearly.


1_line_break.png
1_line_break.png (78.25 KiB) Viewed 165 times

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 3:27 pm

IgazI wrote:
Mr. Hyde wrote:I gotta say. i feel like the 3m chart is kinda a game changer for me. Im actually able to see the price action on this level to acually be day trading on. Even a 5 or 10m chart is to high. 2 trades already in less then a hour.


A one line break chart can help to clean up the minute(s) chart so that you can see the price levels (closing prices) clearly.


1_line_break.png


pardon my ignorance. Im guessing this is different then just a line chart. Does look interesting. Clears up the clutter.

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IgazI
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Re: Mr. Hyde becomes a scalper

Postby IgazI » Wed Jun 09, 2021 3:41 pm

Mr. Hyde wrote:
IgazI wrote:
Mr. Hyde wrote:I gotta say. i feel like the 3m chart is kinda a game changer for me. Im actually able to see the price action on this level to acually be day trading on. Even a 5 or 10m chart is to high. 2 trades already in less then a hour.


A one line break chart can help to clean up the minute(s) chart so that you can see the price levels (closing prices) clearly.


1_line_break.png


pardon my ignorance. Im guessing this is different then just a line chart. Does look interesting. Clears up the clutter.


Yes, it is different:

1. It only changes colors when price closes above or below previous closing prices.

2. there are clear breaks instead of a continuous line;
amdif.png
amdif.png (12.95 KiB) Viewed 157 times

3. & it is more relatable to someone who trades candlesticks.

Mr. Hyde
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Re: Mr. Hyde becomes a scalper

Postby Mr. Hyde » Wed Jun 09, 2021 3:45 pm

IgazI wrote:
Mr. Hyde wrote:
IgazI wrote:
A one line break chart can help to clean up the minute(s) chart so that you can see the price levels (closing prices) clearly.


1_line_break.png


pardon my ignorance. Im guessing this is different then just a line chart. Does look interesting. Clears up the clutter.


Yes, it is different:

1. It only changes colors when price closes above or below previous closing prices.

2. there are clear breaks instead of a continuous line;
amdif.png
3. & it is more relatable to someone who trades candlesticks.


Im an idiot. I looked in the bar style menu and didnt see it. Just found it. Def gonna have this on display and see if i like it. Thanks!!!

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