What we see here is that the Dow moved abruptly lower, then rallied. More selling came into the market and the trade was closed out for profit
It is interesting how the market rally stopped around the level where the pink line was drawn.
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.
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
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