Price Action Scalping

This is a discussion on Price Action Scalping within the Discretionary Trading forums, part of the Methods category; to be honest I find this price action a bit crazy lately, or is just me?...

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Old Mar 16, 2012, 7:11am   #46
Joined Mar 2012
Re: Price Action Scalping

Mike Kshemaraja started this thread to be honest I find this price action a bit crazy lately, or is just me?
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Old Mar 16, 2012, 9:55am   #47
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Re: Price Action Scalping

Mike Kshemaraja started this thread 6th trade.

Double bottom (A and B).

Higher lows (1, 2 and 3).

Small range (yellow line).

Bit of battle, break, pulls back, why? Old support (top yellow line).

Target reached (just, to be honest I cheated a bit there, got my profit 1 pip before target, did not like the dance)
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Old Mar 16, 2012, 11:59am   #48
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Re: Price Action Scalping

Mike Kshemaraja started this thread This is today daily bar.

Tough day to make money, maybe a good scalper can make some.
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Old Mar 16, 2012, 1:12pm   #49
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Re: Price Action Scalping

Mike Kshemaraja started this thread OK, done for the week. Have a nice week end.

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Thanks! The following members like this post: the hare
Old Mar 19, 2012, 3:14am   #50
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Re: Price Action Scalping

Mike Kshemaraja started this thread Hi there all.

Trend clearly down, (see left side of chart), forms a a block, I am short.

Goes my way then turn, -5.4 pips.

Nothing wrong with this trade, I did what needed to be done, but did not work out.

When everything is done properly, losses need to be taken with grace and to move on.
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Last edited by Mike Kshemaraja; Mar 19, 2012 at 3:27am.
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Old Mar 19, 2012, 3:25am   #51
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Re: Price Action Scalping

Mike Kshemaraja started this thread Just got stopped out(trade above), see blue arrow on the left.

Then she trends down, pull back to the ema, forms four dojis. I am short, nearly got me out again at the pullback, but did not. Target reached +7 pips.
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Old Mar 19, 2012, 3:30am   #52
 
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Re: Price Action Scalping

Where did you short there? At the top of that micro-range or on the breakout?
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Old Mar 19, 2012, 3:39am   #53
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Re: Price Action Scalping

Mike Kshemaraja started this thread
Quote:
Originally Posted by DionysusToast View Post
Where did you short there? At the top of that micro-range or on the breakout?
On the breakout, about 1 pip below the low of the lowest doji.

The Idea is: Bears drags the prices down (the underlying condition is down, as mentioned in the first trade), the countertrends gets in, pushing price to the 1st resistance: the ema, stalls (dojis) breaks, I am in.
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Old Mar 19, 2012, 8:20am   #54
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Re: Price Action Scalping

Mike Kshemaraja started this thread 3rd trade.

made 7 pips. +2%

Does anybody know why I took this trade?
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Last edited by Mike Kshemaraja; Mar 19, 2012 at 8:40am.
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Old Mar 19, 2012, 9:13am   #55
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Re: Price Action Scalping

Mike Kshemaraja started this thread
Quote:
Originally Posted by Mike Kshemaraja View Post
3rd trade.

made 7 pips. +2%

Does anybody know why I took this trade?
Not much response.

Lower highs (1, 2, 3, 4), battle (A), double pressure (arrow down).

Done for the day, Just a bit more the 2% gain.
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Old Mar 19, 2012, 10:54am   #56
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Re: Price Action Scalping

nice thread.... will be interesting to watch
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Old Mar 19, 2012, 11:12am   #57
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Re: Price Action Scalping

Mike Kshemaraja started this thread
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Originally Posted by deebee1 View Post
nice thread.... will be interesting to watch
Thank you, you should also post your chart if you like, I am the only one doing it, it gets a bit boring to be honest.
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Old Mar 19, 2012, 11:16am   #58
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Re: Price Action Scalping

im far from knowing what i am doing to be giving out advice... lol, i would love to join in the discussions but will probably be the one asking all the questions lol
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Old Mar 19, 2012, 11:47am   #59
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Re: Price Action Scalping

Mike Kshemaraja started this thread
Quote:
Originally Posted by deebee1 View Post
im far from knowing what i am doing to be giving out advice... lol, i would love to join in the discussions but will probably be the one asking all the questions lol
This should not be about who's got the biggest nose, but it meant to be an exchange of why we made certain decision on trading with the idea to step forward.

Just post your ideas without worries, nobody is judging, the rest will follow.
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Old Mar 19, 2012, 12:44pm   #60
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Re: Price Action Scalping

lol, well, im currently in a short eu trade off 13158.8

market just seems so slow today, for a monday morning,...
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