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My thoughts and strategy as in trying to become a scalp trader!
Entry point is 1141.92 target 11452, so far we reached only 11446.67
The RSI is oversold so we have confirmation, I bought in the zone, but hence the zone is of course getting lower over time if the market continues to drop. Hence we need a small push up again to stabilise the RSI and of course getting back to it's original behaviour within the 20/2 BB. We have dropped to Support level 2, which hopefully provides support.
If I review this, I can say that the next 15 minute candle would have offered a much better opportunity.
Although, I got a full and probably like 50% of a 15 minute candle against me.
The vertical line shows the candle I entered as you can see in my previous post.
The green line is my entry, the red line is my target.
If I would have more money, I would definitely have longed that 15 minute candle after the one I got in. 10 points would have been made like instantly... because the outer BB represents the 32/3 and the inner 20/2 and the zone would have contained almost 10 points already, you didn't need a reversal just a inner candle retrace would have been enough. And it would be allowed to go lower then, luckily made possible by the RSI, we got a good reversal the 2nd 15 minute candle after I entered and kept on rising ever since. But I am scalping, I need 10 points only, even though every trade could have been more. We can look for new targets once I am able to upgrade my contract sizes.
I forgot to mention that Support Level 2 clearly hold, which I was hoping for as previously stated.
We had a good entry although could have been better, had a RSI check and a Support level 2 line not far from our entry to back the trade up.
It went to my target but was 0.6 point removed from hitting it! Unfracking believable.
We are having another good down candle as we speak, which normally provides us with another opportunity, weren't it I am already in a trade. I can't believe it 0.6 points removed from my target...
A very excellent opportunity missed and a good trade is now turning bad on me! Should have had two winners already...
I don't have back up from the RSI and the MA200 got broken too. (seems we're battling on it)
Just see that lovely touch at the 32/3... it was like screaming for my money, yet I was already in a position.
Entry 11765.58, target 11775.58, we reached 1174.96 so far.
Update: my target got filled. Really pity that I missed the opportunity that came next though.
Also I missed the opportunity I got at the opening. Still this one turned out good ultimately.
Funny thing is due to the sudden/explosive rise my limit got filled at 11776.40 almost 1 extra point.
Serves them right for taking this effort... was a troublesome one.
These are really the perfect entries... I got one today, but like I said before, I was already in a trade... as you can also see in previous posts. 10 points would have come very easy. We probably got RSI support as well at the low of that candle.
I only took one... as you can read and see in previous posts.
I drew a yellow arrow on 2 opportunities which I both missed!
I missed the first one because I was already in a trade on the previous candle... but those 2 yellow arrows represent THE ideal set up, as you can see in the RSI probably in real time the RSI was over sold which would back up the trade as well as the BB set up to retrace back from 32/3 to 20/2.
Today was a great day... full with opportunities... although I enjoyed having the stress of only one.
I am still in the process of moving to Ninja Trader and having the DOM checked out... as well
Thank you for answering! The answers to these simple questions are always hard to find!
It shouldn't be empty when running SIM, okay... I am hoping to find out why mine is empty, while I did had a live test trade with Ninja Trader on the SIM. But no information appeared in the superDOM...
