Don't know if this is of any help to anyone, just to clarify. Here we have a valid buy signal but we are so close to M15 resistance ( green line is the low (gap start) and yellow line the high of that candle) that it really wouldn't be a wise trade. ...

Simple Scalping

Not worth the risk, IMO if price is hanging around inside the MAs. Even though you'd have been able to get out at around BE on those, like I wrote earlier, its never really good value off the inside of MAs. That's sort of why I thought of the MA ...

Simple Scalping

On UJ last hour or so. Shows why you should be wary when price is meandering around the MA's. Strategy still valid but not very good value. Best to sit it out and wait for it to make its move.

Simple Scalping

That's very handy! Cheers. My coding skills are up there with my grandmas so brilliant contribution. Takes away some of the concentration Good work

Simple Scalping

Only when price is at those areas I am careful.. I dont sell into support or buy into resistance. I wait and watch the pa on the m15. If it breaks I carry on with that trend, if it rejects , then the m1 will have invariably switched anyway. Hope ...

Simple Scalping

Wise move !

Simple Scalping

Hi Luca Have a read of post #78. Its applicable on all timeframes. For this strategy I don't tend to look further than M15

Simple Scalping

It seems to be valid on most pairs to be honest. I only look at UJ and EU for scalping because of the low spreads on offer ( my broker charges me between 0 and 0.3 on these 2 pairs with a commission of 0.6 pips) Quite important when scalping.

Simple Scalping

Not really. The bbs are my guide. If it drops and then bounces back without reaching the lower band I just keep an eye on it. If it looks like it'll fail, I just kill it. Thankfully it doesn't happen very often. Great thing about following the trend ...

Simple Scalping

I just tend to close off once price goes well beyond the opposite band. I'm not trying to second guess how far its going to run. Hence why I only usually get between 9 and 15 pips max. I'm happy with that. Cheers

Simple Scalping

That's the problem. They always look good in hindsight. Their formation was a result of price movement, not the other way round !! On the pic I've marked where I took the 2 small trades this morning and round about where I put my stop. Bear in mind, ...

Simple Scalping

Have to agree. I personally have no time for indicators ( yes I know we're using Ma's and bb's ,but that's just s/r identification). Believe me, I've tried them all, in all combinations. Fools game. Everyone is free to trade in the way they feel ...

Simple Scalping

Yes. I think its a much better way of spotting s/r than the normally arbitrary way which often just depends on how the trader is viewing the chart. In fact its extremely accurate most of the time. Funny you should write this as yesterday, with not ...

Simple Scalping

Yes, they're fine on the M15. I tend to then drop down to the M1 to refine the level, so it then looks like this on an M1 chart

Simple Scalping

Nice work

Simple Scalping

I'm not taking credit for this method of identifying S/R. I learned it years ago off a chap called John Templeton, and have used it ever since.

Simple Scalping

Yes no problem. Below is a H1 chart on cable. The support lines are there. What makes them support? Well if you look where I've put red arrows, you'll notice that each of those bars comes after a period on consolidation. You'll also notice that the ...

Simple Scalping

Just a heads up. Here is a M15 chart of U.J. The lines are S/R I've identified which may impact M1. The resistance we've just bounced off is the gap down that was formed on 01/09; A lot of supply would have been trapped there. Bearing in mind there ...

Simple Scalping

It depends. For instance if it fires well past, like 5 pips obviously I just pull the trigger there. If I get a pinbar I'll wait for price to retrace back down the bar and pause.If I get a solid close at or just over the band I wait. In any case I ...

Simple Scalping

I think it's a good idea if everyone stays in a positive frame of mind and not get themselves in an argumentative situation. We all have our needs/ expectations etc sat at different levels. I think most of us are here to improve the way we trade. I ...

Simple Scalping