Box breakout pro scalping

[15 min tlb]

Long 1.3057 stop 6

http://www.trade2win.com/boards/forex/162398-box-breakout-trading-5.html#post2028370

Close at 56 -1(-39)

We are in a box still

 

[15 min tlb]

Long 1.3070 stop 6

 

[15 min tlb]

Long 1.3070 stop 6

stop at 68

 

[15 min tlb]

stop at 68

Stop at 71

 

[15 min tlb]

Stop at 71

closed at 75 =+5 (44)

 

[15 min tlb]

use the (x) 70 ticks view in combination with the classic intraday time-based view, you can enrich your chart analysis with the following advantages, providing not only different, but also more accurate information:

Clearer analysis
Not time-based
Confirmation of trendline breakouts
Clearer signs when to exit the market
Correlation between the volume and the price development

https://www.prorealtime.com/en/x-tick-charts

 

[15 min tlb]

Long 1.3070 stop 1.3062

 

[15 min tlb]

Long 1.3070 stop 1.3062

stop at 1.3074 , + 4

 

[15 min tlb]

stop at 1.3074 , + 4

+48

 

[15 min tlb]

The profits were made by two to three good trades , when profits are run and losses are cut quickly .

Do not cut your profits and run your losses .Learn to run your profits.

http://preterhuman.net/texts/unsorted2/Stock books 032/Letting Your Profits Run.pdf

 

[15 min tlb]

Reading price action can assist scalpers , today I saw a double top , waited for price to go below the moving averages and went short for a profit.Double tops and bottoms can be used effectively to enter/exit trades.

Price action trading - Wikipedia, the free encyclopedia

Double Top Reversal - ChartSchool - StockCharts.com

Other chart patterns can also be used effectively

Chart Patterns - ChartSchool - StockCharts.com

 

[15 min tlb]

Here is price rejection at triple top for a quick scalp.

Triple Top Reversal - ChartSchool - StockCharts.com

 

[15 min tlb]

Here is price rejection at triple top for a quick scalp.

Triple Top Reversal - ChartSchool - StockCharts.com

Result of triple top

 

[15 min tlb]

Long 1.2941 stop 8

 

[15 min tlb]

Long 1.2941 stop 8

out at 39 -2 = 46 for week.

 

[15 min tlb]

More box scalping

Box Scalping @ Forex Factory

 

[random12345]

Interesting system - looks like you're having a lot of success with it in pip terms.

One question out of interest, how can you make a living out of £1-2 a pt bets or is IG not your primary?

 

[15 min tlb]

Interesting system - looks like you're having a lot of success with it in pip terms.

One question out of interest, how can you make a living out of £1-2 a pt bets or is IG not your primary?

There are other accounts and systems being operated by staff.I G is small part of the operation.Other trading on several instruments gives enough pips in a week .

I do this part time , but if I could spend more time , the pip count could be much higher ...more like 200 a week on dax , cable ,eur/gbp and oil.

 

[15 min tlb]

Be quick to enter and exit at key support and resistance levels , either selling at resistance or buying a retracement of the breakout , buying at rejection from support , or selling breakdown of support.

True Support and Resistance - YouTube

Gauging Support And Resistance With Price By Volume

Support & Resistance Basics

 

[15 min tlb]

Scalp when diagnol resistance trend lines become support lines , but criteria of system in post 2 must be met.