LOL. Drinking here. Misread your original post.

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First........define "scalping."

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Not even a little, tiny 30+ retrace?

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Agreed. I'll wait for a retest. Then short it from there @ 1.3307 area, with a tp target around the 1.317x area. SL around 1.3342. Pretty close to a R:R of 1:4. With price currently resting on the weekly mid-S1.

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Stepped out for a while. Just got home and waiting to see what kind of pop China's PMI data could do to price here.

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Make or break.

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Damn, 12:30 at night here. Time for bed. At least I can sleep in tomorrow since FOM- I-see isn't until 1:30pm here. Good night. Trade safe.

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That's why out of all the charts that I look at, I'll have to admit, even though, the higher the time frame, the better. But the one hour talks to me. It's like Michael Jenkins said in one of his books, i think it was in The Geometry of Stock Market ...

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And here's how it looks on a monthly with a five year pivot. The orange lines is where price opened in 2005 and closed for the year 2010. Then the white horizontal lines on the top and bottom are the high and low for that five year pivot. Then the ...

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Just another daily view using one Kijun Sen, one envelope and three price labels. The 1.3517 area is pretty close to the daily R3, which is at 1.3519. And I only take notice to the R3 area on big news days. Non news days I just focus on the R1 and ...

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When your risk is greater than your reward, having your account getting wiped out will happen. Sooner or later.

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Just closed above.

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This hourly candle close will be interesting. Price has yet to close above yesterday's high on the H1.

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Risking 30 pips for a possible 20?

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Tug of war going on right at the daily pivot. 1.3353

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Pretty close. Central time. Kentuckiana. I get up at 6:30am. But with kids out of school, not much going on until Wednesday, I'm having me another shot.

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At least to the 1.3170 area.

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Another one before I go to bed. This one is the hourly with the daily pivot, S/R. Notice where price is at right now. Resting above the daily pivot. Price has already retraced yesterday's swing high and low, 50 percent. Whenever price is above the ...

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Just thought I'd chime in with how I use higher time frame pivots. I also use weekly and monthly pivots, along with daily, and mids. R1 and S1 are the key for me. For the next day's "possible" high and low. Then quarterly and yearly pivots. Here's a ...

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Good job. It's looking bearish, indeed. One thing that's bothering me, though, since the high and low on 6-13, we have yet to have neither. Which tells me, something major will break out, though. But still bearish looking.

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