This is an example of a “scalp” trade taken early in the U.S. session. There is plenty to understand, such as risk management and other aspects of the Trading Business.
Tag: charting
Dow scalp – Bollinger Bands
This was a short scalp on MT4’s mobile app based on 5 minute Dow CFD
Entry was on first marked candle, the exit was on the second
This was a risky trade, against momentum. We need to be very nimble with a trade like this.
Price screamed higher after my exit.
Therefore, the profit target was the mid band, at most
Short CAD/JPY | Long NZD/JPY
Hello all,
I didn’t do all that much analysis on these pairs, however I took a shot last night. Entered at market and placed a stop loss and take profit for each.
These were based on triangles. Playing into a triangle and breaking out of a triangle.
I closed them both manually in the morning for less than the initial take profit.
Charts101 Trading 