Tuesday, August 26, 2014

How to spot Intraday Scalping opportunities.

Scalping for Intra-day trading

In this post I would like to cover few points when you scalp for Intraday purpose.

The first thing you need to spot is to see If there is imbalance still presence (First clue always is neutral day after breakout where seller's are passive)

Second thing to see if there is minor development area after breakout (Say if there is aggressive to mark the price again to the up after minor sell-off)

After minor development area, Price again end where it starts (End up as neutral day which will confirm that imbalance is still present in the market)

After you see these clues the next important area is what price does after testing that minor development area, if it show immediate aggressive buying then you can immediately enter the market but if that momentum fades out earlier you should get out quickly. For me the best clue is often the slow tempo, and then suddenly price breaks the equilibrium after the minor rotation area breakout and test and you can get some nice profits as in this case in the above mentioned chart.

1 comment:

  1. Thanks for you valuable comment . I never say that spending time on charts is not worth it but still for physical and mental fatigue it does put a lot of burden on you. But still you must be aware of the logic in you learning process as it help you remain on right path. That's why I have put this blog to provide information that really has logic and sense and stay here is of-course worthwile

    regards,
    Fx

    ReplyDelete

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