Scalping Flashcards
Scalp Entry - Stop or Limit Orders? …
Scalp Entry - Stop or Limit Orders? …
When the market is clearly Trending most traders will consistently make more money swing trading
When the market is clearly Trending most traders will consistently make more money swing trading
When the market is Trending and Scalping in the direction of the strong trend with swing stops
Most scalpers in trends take very few entries and make much less profit in a trend than swing traders
When the market is Trending and Scalping in the direction of the strong trend with swing stops
Most scalpers in trends take very few entries and make much less profit in a trend than swing traders
Scalping is Best in TRs
These are times when scalping has the nest chance to be profitable and when swing traders are usually not making money
The Tighter the TR the less chance swing traders have to make money
If a swing trader continues to rely on his stop, often he has to wait 20+ bars to make a profit
Scalping is Best in TRs
These are times when scalping has the nest chance to be profitable and when swing traders are usually not making money
The Tighter the TR the less chance swing traders have to make money
If a swing trader continues to rely on his stop, often he has to wait 20+ bars to make a profit
Stairs - Scalpers will bet against BOs
This is a good environment for scalpers
Stairs - Scalpers will bet against BOs
This is a good environment for scalpers
Bear Stairs - Buy @ Prior Low and Scale In Lower
When you start getting stairs patterns you know the Bulls are making money in a Bear Trend and you know the market ill soon transition into a TR
Bull scalpers will buy at the prior low
Bear Stairs - Buy @ Prior Low and Scale In Lower
When you start getting stairs patterns you know the Bulls are making money in a Bear Trend and you know the market ill soon transition into a TR
Bull scalpers will buy at the prior low
Stairs - If Quick Profit, Take it and do not wait to Scale In
Exit with a Scalp betting the market will soon enter a TR
Stairs - If Quick Profit, Take it and do not wait to Scale In
Exit with a Scalp betting the market will soon enter a TR
Emini or EURUSD Scalping? Biggest Difference is Bar Size
Emini or EURUSD Scalping? Biggest Difference is Bar Size
Scalper’s Personality
Why some Experts Scalp
Scalper’s Personality
Why some Experts Scalp
Scalper’s Personality
Most Traders DO NOT ENJOY SCALPING
Trading HAS TO BE FUN! And if I want to do it forever I have to ensure I am having FUN, life has to be FUN! :)
Scalper’s Personality
Most Traders DO NOT ENJOY SCALPING
Trading HAS TO BE FUN! And if I want to do it forever I have to ensure I am having FUN, life has to be FUN! :)
Extreme Scalping - Manual HFTrading
Extreme Scalping - Manual HFTrading
Beginners should avoid scalping because it is just to easy to lose
Beginners should avoid scalping because it is just to easy to lose
Traders sometimes like to use 2 time frames
It rarely ever improves profitability but using a 60 min chart for context and basing my trades on a 5 minute Chart for entry can prove to be successful
Traders sometimes like to use 2 time frames
It rarely ever improves profitability but using a 60 min chart for context and basing my trades on a 5 minute Chart for entry can prove to be successful
Beginner always sees reversals and LOSES
Beginner always sees reversals and LOSES
1 Min Chart - Often Quick move in Final Seconds of a bar
Most Traders cannot consistently make money if the chart has more than 20 bars per hour
1 Min Chart - Often Quick move in Final Seconds of a bar
Most Traders cannot consistently make money if the chart has more than 20 bars per hour
1 Minute Chart - Most Traders should avoid since it yields many mistakes
1 Minute Chart - Most Traders should avoid since it yields many mistakes
Two Time Frames - Trend on Higher TF, Entry on Smaller TF
Two Time Frames - Trend on Higher TF, Entry on Smaller TF
TR - Make Money Buying or Selling at ANY TIME
Remember the 90% Rule: for 90% of the bars on the chart, I can make money buying or selling if managed correctly
TR - Make Money Buying or Selling at ANY TIME
Remember the 90% Rule: for 90% of the bars on the chart, I can make money buying or selling if managed correctly
Why do beginners scalp?
Because it is the smallest risk per trade and so many other real life reasons that force beginners to only focus on risk.
And this drastically reduces a traders success in the markets
Gap Bar = If the open of the current bar is above or below the close of the past bar this is a Gap Bar; this can either be a sign of strength and lead to a continuation or it can be a sign of a reversal
Gap Bar = If the open of the current bar is above or below the close of the past bar this is a Gap Bar; this can either be a sign of strength and lead to a continuation or it can be a sign of a reversal
If there is a tick divergence after a climax traders will look for a scalp in the opposite direction
If there is a tick divergence after a climax traders will look for a scalp in the opposite direction
Ticks are useful for traders looking for a Scalp wither with the trend or against the trend
Negative ticks traders look to sell
Positive ticks traders look to buy
Ticks are useful for traders looking for a Scalp wither with the trend or against the trend
Negative ticks traders look to sell
Positive ticks traders look to buy
Scalping - Tick Divergence Buy Climax
Scalping - Tick Divergence Buy Climax
Tick Divergence Buy Climax - Bears sometimes Sell
Tick Divergence Buy Climax - Bears sometimes Sell
Tick Divergence After SELL Climax
Tick Divergence After SELL Climax
Tick Divergence After Sell Climax, Bulls sometimes Buy
Tick Divergence After Sell Climax, Bulls sometimes Buy
Tick Resistance - SELL
Tick Resistance - SELL
Tick Support - BUY
Tick Support - BUY
Tick Support - If mostly above 0, increased chance of bull BO
Tick Support - If mostly above 0, increased chance of bull BO
Gap Open Bars - Continuation or Reversal
Gap down after bear bar in STC trend
Sell @ the market for continuation down
Gap Open Bars - Continuation or Reversal
Gap down after bear bar in STC trend
Sell @ the market for continuation down
Gap Open Bars - Continuation or Reversal
Gap up and Bear Bar after a strong reversal
Buy @ low of Bar for Scalp
Gap Open Bars - Continuation or Reversal
Gap up and Bear Bar after a strong reversal
Buy @ low of Bar for Scalp
Gap Open Bars - Continuation or Reversal
Gap up but 50% PB
Weak Spike and Channel wedge rally, BO Test
Bears will begin to scale in
Gap Open Bars - Continuation or Reversal
Gap up but 50% PB
Weak Spike and Channel wedge rally, BO Test
Bears will begin to scale in
2nd Signal - Higher Probability
2nd Entry @ bottom of the TR (Micro DB)
2nd Signal - Higher Probability
2nd Entry @ bottom of the TR (Micro DB)
Gap Open Bars - Continuation or Reversal
Sell Gap down after 3 bear bars
Buy gap up, Big High 2 HL MTR
Big Gap up late in the Day, DO NOT TRADE as it is the top of range and it is the end of the day unless you are entering for a scalp down
Gap Open Bars - Continuation or Reversal
Sell Gap down after 3 bear bars
Buy gap up, Big High 2 HL MTR
Big Gap up late in the Day, DO NOT TRADE as it is the top of range and it is the end of the day unless you are entering for a scalp down
Strong Signal Bar - Bad When Context is BAD
Strong Signal Bar - Bad When Context is BAD
Bear Flag - If Low Probability, then Buyers are Below
Bear Flag - If Low Probability, then Buyers are Below
When Buying - Higher Probability if Bars Close on their High
When Buying - Higher Probability if Bars Close on their High
BO - Need follow-through, or else it is a Trap and WILL REVERSE
BO - Need follow-through, or else it is a Trap and WILL REVERSE
Low 2 Bear Flag - Can be BIG and Complex
Use stop order to sell below bear bar
Low 2 Bear Flag - Can be BIG and Complex
Use stop order to sell below bear bar
Tight Channel - Reversals usually are minor and soon FAIL
High 2 Buy, DB
But, tight channel and big bear bar
Probably Sellers above
Tight Channel - Reversals usually are minor and soon FAIL
High 2 Buy, DB
But, tight channel and big bear bar
Probably Sellers above
Gap - Trapped Bulls @ bottom of the TR will have to SELL
Gap - Trapped Bulls @ bottom of the TR will have to SELL
Follow-Through - Increases probability of More DOWN BARS
Follow-Through - Increases probability of More DOWN BARS
STC - A Trader needs to make QUICK DECISIONS
STC - A Trader needs to make QUICK DECISIONS
STC Trend - Usually Ends after 3 - 6 Bars
STC Trend - Usually Ends after 3 - 6 Bars
S/R - ALL Trends END THERE
S/R - ALL Trends END THERE
Swing Trade - Some are high enough probability for a swing trade
Swing Trade - Some are high enough probability for a swing trade
Bad Bear Flag - Probably Buyers Below will MAKE MONEY
Bad Bear Flag - Probably Buyers Below will MAKE MONEY
90% of Bars - Bulls and Bears can MAKE MONEY
Remember to look to the left, even though Bulls and Bears can make money who has had slightly higher success in the recent context? Most likely they have a slight edge in the current market as the markets have inertia
90% of Bars - Bulls and Bears can MAKE MONEY
Remember to look to the left, even though Bulls and Bears can make money who has had slightly higher success in the recent context? Most likely they have a slight edge in the current market as the markets have inertia
2nd Leg Up sometimes is only 1 - 2 Bars
2nd Leg Up sometimes is only 1 - 2 Bars
TR - Bears bet against strong follow-through bars
TR - Bears bet against strong follow-through bars
TR swings often end with a 2nd Leg
TR swings often end with a 2nd Leg
Reversal Down often begins with 3 - 4 small Bear Bars
Reversal Down often begins with 3 - 4 small Bear Bars
TTR - LOM
TTR - LOM
DT BEAR FLAG is easy to OVERLOOK
When there is an OBVIOUS magnet and it is within a point or two away from the magnet the odds are the market has to get down/up to that magnet.
So on this chart for example that was near a magnet
DT BEAR FLAG is easy to OVERLOOK
When there is an OBVIOUS magnet and it is within a point or two away from the magnet the odds are the market has to get down/up to that magnet.
So on this chart for example that was near a magnet
When is it ok to still enter a STC trend?
As long as there is ROOM TO SUPPORT
Bear BO - Always think of a Measuring Gap
Bear BO - Always think of a Measuring Gap
STC as long as there is ROOM TO SUPPORT
STC as long as there is ROOM TO SUPPORT
STC - Big Tail @ Support so might be the end of the Trend
STC - Big Tail @ Support so might be the end of the Trend
TR even when Strong Bear Swing, DO NOT SELL @ the Bottom
Tail below low of the Day and lots of TR Price Action; DO NOT SELL @ BOTTOM OF TR
TR even when Strong Bear Swing, DO NOT SELL @ the Bottom
Tail below low of the Day and lots of TR Price Action; DO NOT SELL @ BOTTOM OF TR
Test of Prior Low - Look for MTR
LL MTR, Good size Bull Body & Close near its High
MM down target hit = a reversal up is probable
Wedge Bottom; Bulls buy above bull bar
Test of Prior Low - Look for MTR
LL MTR, Good size Bull Body & Close near its High
MM down target hit = a reversal up is probable
Wedge Bottom; Bulls buy above bull bar
Reversal - It often begins with 3 - 4 Small Bars
Reversal - It often begins with 3 - 4 Small Bars
