Quick scalp in GBP/USD here targeting 1.2530
having respected the uptrend on the 15-minute chart there is a chance to take a quick 30 tick scalp.
Stops should be run tight through 1.2487
Good luck one and all
I am a intraday/scalper trader. I do not place pending orders, all my trades are market execution. If I see the market give me what I call 'price exhaustion' in my anticipated area, I execute the trade.
SUMMARY: Looking for a long entry on Gilead Sciences (GILD) after the gap up on news of a COVID treatment.
HEADLINE: Looking for a Long Entry After the Gap Up
STRATEGY USED: Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
1. With this strategy we enter long on...
On a watch frame it is a reversible head and shoulders pattern and a strong positive double bottom pattern supported by the rise. The 6500/6550/6650 region represents a strong demand and support area
750/7800 is not far away
Looking at the Dow Jones by charting Dow Jones Mini Futures (YM1!) to find exits and entries in the current uptrend on the 1 hour.
We got a long signal from our Fractal Trend indicator (background color) plus our Breakaway Scalper (bar color) on April 5th.
Since that trade is already well underway, and since the previous bearish order blocks were already used...