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Scalptrading

USD/JPY 1/27/2021 13:30 (DEMO)USD/JPY 1/27/2021 13:30 DAYTRADE/SCALP Fundamental/Sentimental News Events: Low impact news that would justify shorts for today, tomorrow's events could definitely follow with massive volatile moves to the upside. Market Sentiment: Mixed pretty much, slightly bullish Technical Time Frame Analysis: Monthly: On quite a consistant downtrend in between two structural levels Sellers being stretched thin, a little exhaustion on sellers Buyers seem like they could jump in and claim the market Weekly: Price is retesting a resisting trendline Consolidation relative to the downtrend means buyers are trying to control the market Based on the fundementals and my knowledge of what's going on in the US, I'm calling big longs for this pair so far Daily appears that price is right below at 23 and is being held back by the trend line Buyers defenitely are showing they have the upperhand buy havent bothered to use it 4H: Harmonic butterlfly pattern Price is testing a 76, but has not acknowledged the 61. May return to test Pattern also supports this idea 1H: Right at the trend line, consolidation Price may need to consolidate before we break it which we will tommorrow Reason for Trade: The main reason I’m taking this trade, mainly only relying on a strong 76 and a trendline, even though the 61 is not yet found to be critical structural level, it makes sense that price would see a drop, especially due to the events that are bound to happen. Indicators: RSI is looking oversold for right now, but possible momentum on larger timeframes Entry Order: Sell Limit at 104.107 Position: 0.1, 5000USD RR: 3.08
Short
by Mike_McCarthy
2
An Explanation on BTC/USD for Scalp TradersI understand many of you must be fascinated by all the log charts and crazy $200k/$300k targets on bitcoin. But let's also not forget about the other side of trading. You don't need the price to go from $40k to $400k to make a 10x in profits. You can also see the price going from $40k to $45k and achieve that, as long as you manage to buy all the little downward motions and sell on the little upwards motions. Scalp trading can still be super successful, and also allows you to get returns on sideways or downwards parts of the price action. In this idea I will show how to use the channel to get a nice scalp trade in. BTC never goes up in a smooth uptrend, there are always little movements we can detect. In this case we can see in the channel that near the top resistance line BTC often takes a small hit and retraces. Whenever BTC reaches the bottom support it continues its uptrend again. Now that we've just seen a confirmation on the bottom support line, it's time to buy and hold towards the top resistance. We're looking at a 10%+ trade opportunity here just following the channel over a span of about 10 hours. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
13
EDUCATION: Scalping 3-EMA StrategyHello, dear subscribers! Today we are going to talk about the popular 3EMA scalping strategy which is usually used on the 1-min timeframe, but we can demonstrate it only on the 15-min chart because of restrictions. Step 1 First of all we should define that the market is in short, medium and long term uptrend. The 200EMA shows the long, 100EMA - medium and 50EMA - short trend. Consequently all the three EMAs should follow in one direction, it's slope should be strictly positive for the uptrend identifying. The uptrend is an obligatory condition for the long position execution. Step 2 If the step 1 condition is true the next step is to identify entry points. We should enter long position when the price crossed the 50EMA from up to down, but after couple of candles crossed it again from down to up Step 3 Take profit and stop loss identifying. You should stop loss if the price crossed the 100EMA line from up to down. Take profit setup can be different: the fixed % growth, the price and 50EMA crossover and the price and 100EMA crossover
Education
by Skyrexio
1
AUDUSD 15M SCALP SHORT TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Highest Bullish Candle Inside US 3 hr window. Step 2 Bearish Pin Bar 2nd candle in US window. Step 3 Enter Sell Trade when Price Engulfed the bottom of the High Bull Candle. Step 4 Market Makers Stop Hunt Bullish Wick Confirmation for Short Entry Traders. Step 5 SL above current swing high. Step 6 EXIT - Close Short Trade after Price crossed Bullish Resistance.
Education
by Tradingstrategyguides
3
EURAUD 15M SCALP LONG TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Lowest Bearish Candle Inside US 3 hr window Step 2 Bullish Pin Bar 2nd candle in US window. Step 3 Bullish Engulfing Candle Entered at Candle Close. Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry Traders. Step 5 SL below Entry Candle Step 6 EXIT - Close Long Trade after RailRoad Tracks Bearish Reversal Candle Pattern with 61 pip profit.
Education
by Tradingstrategyguides
4