Thread: Price Action Scalping

currently 50 pips profits booked on half of the lots with stop at break

these are all over the area daily

nice. . .would you mind explaining in some detail what it is you do with your trendlines along with your fibs and what additional factors you need when taking your trades.
Due

Originally Posted by ;

already 50 pips profits booked on half the lots with cease at break even

these are all over the place daily

Wanted to post my chart, however, attachment button doesn't work, strange...

Originally Posted by ;

GJ 40

price crossed below gann. . .waited for retrace, sold at 146.90 and goal was 146.50.

EDIT: I'm seeing that if you apply fibs on M1 and there is a 50 percent retracement, there is frequently a good chance the 200 fib will be struck.

Cheers
canuckct

I think that signal was especially powerful because the gann and 50 percent fib were at exactly the same place.

Ron.. .can you describe why this is significant? I'm thinking that would this be an indiion that you have a good fib drawn?
Cheers

Originally Posted by ;

I believe signal was especially powerful because the gann and 50 percent fib were at the same location.

It's only an observation by me personally. Does this have real significance? We'll find out =D

Originally Posted by ;

Fine.. .would you mind describing in some detail what you are doing with your trendlines and your fibs and what additional considerations you have when taking your own trades.
Due
CanuckCT

im simply buying dips and selling items on or about trendlines, SR, fib amounts and round numbers, in the direction of the tendency of course

EDIT: only closed the rest of my place on that last trade for 160 pips

Nice trading!! And relatively stress fee. My two GJ trades now were stree free. It was though I was after the price and I took profits on the first indication of a retrace.

Everyone has their own way to ascertain the trend. My current approach is to business M5 and M5 and make certain that price is about the exact same side of gann. I'monly searching for trend that is M5.

So what exactly are you doing to assist you to decide the trend?

Cheers

Originally Posted by ;

im simply buying dips and selling items on or around trendlines, SR, fib levels and round numbers, in the direction of this tendency of course

EDIT: just shut the rest of my place on that last trade for 160 pips

I am attaching a pic into illue my point re M5 and M1 gann. The Gann indior is MTF, so I've attached M5 gann. There are 10 good trading opportunities from the last 8 hours. . .the US session today and some are very large. So I am not quite ready to give my gann only yet. I will get rid of the M5 cause it is uglt on the chart.

So every 5 minutes to assess the trend using gann. On the tendency shift, you move to M1 and look for entry point. Straightforward enough.

Cheers

Originally Posted by ;

So what are you doing to help you decide the trend?

Cheers
CanuckCT

Something quite easy I read on a thread , might be jacko or im not so sure....

Zoom out on your chart a little and look left right and it should be pretty obvious