We start a new week and a new month next week and hopefully with more traders back off their holiday and back trading.
Today was not to bad for movements on the EU and I have attached as screenshot of my tick chart explaining some simple scalp trades at tops and bottoms.
Between 10am and 11am NY time ( 3-4pm UK ) we had some perfect market maker manipulated moves and so that made it perfect for quick scalps.
Next week we will be looking for similar in the ForeXmosgate group chat section. Ideally I am after 10-25 + pip moves all within 10 to 15 mins maximum.
Stops should be 3-10 pips depending on spreads and pairs and there are special techniques to assist in getting the probability higher etc.
If you look at my tick you will see an approx 55-60 pip move in 10 minutes - which is a "dream" for a scalper.
Then to cap it off at the high today 1.2638 - my tick set up said sell 3 pips below with a lovely crossover and trendline for back down
I do not suggest any new trader or scalper trying this - but over time and with practice and experience it becomes easily possible and of course puts another "nail" in the coffin regarding "catching falling knives" or "jumping on moving trains" etc
See you all sometime next week in the "gate" chat - and we can all have a go ;-))))
Have a great weekend and a great September