This is the daily chart of the USD/CAD. It is overbought at the moment, but it is also showing some indecision. There seemed to be a evening star forming on the chart then price shot back up. This type of indecision usually means some kind of ...

Scalping the pip out of it

Had a great week last week. Make over 500 pips by holding short EUR/JPY from the beginning of the week, while finding opportunities to hedge against the position with the GBP/JPY and the USD/CAD, and adding to my short positions with additional ...

Scalping the pip out of it

Still holding short positions on the EY for the moment. Price has continued to collapse making it easy to scalp in the direction of the trend. Price is coming up on a daily trend line from previous swing lows. I am abandoning my short bias as we ...

Scalping the pip out of it

Looks like we never got our chance to enter with the right parameters, but it does illustrate that looking for a short scalp in a consolidating market in a downtrend is a good look.

Scalping the pip out of it

Please feel free to ask me any questions about my method!

Scalping the pip out of it

If price moves back into the 200 EMA and the stochs are both overbought I would consider another short scalp here!

Scalping the pip out of it

I did not take any of these trades. I was looking for this short, but it came when I was away from my computer. It is important to see how price can use an EMA as a moving S/R, especially in a consolidation range. I am still short on the EY from the ...

Scalping the pip out of it

Looks like all we needed was for price action to come up to the 200 EMA. I didnt take the trade because there was still a lot of indecision on the stochs. I post this just to say, look at how price can respond when it is engaging come of the primary ...

Scalping the pip out of it

This is an almost immediate expression of why NOT TO TRADE unless you have your setup! Couldnt have planned it better if I tried. Having good entries is the first rule of trading. Maybe not the most important but without them you are lost in the ...

Scalping the pip out of it

This right here is an example of WHAT NOT TO DO. The stochs are NOT topped out, and price action is NOT engaging the 200 EMA. A lot of trading is knowing what NOT to do. By all means, this could go down immediately and I would miss out on a scalping ...

Scalping the pip out of it

I am looking for the EY to put in another leg down for the asian into the london. Price is consolidating until we have more volume. I will be looking for stochs to reset overbought and then look for some confluence for a short entry. These charts ...

Scalping the pip out of it

Got what I was looking for. Not trying to wait for stochs to reset on the 5 to match the 15. I am content to take my pips and wait for the next one.

Scalping the pip out of it

So we got a little drop. Not totally exciting but if you look at the 1 and 4 hour charts, there is a lot of indecision. I think we can cap this trade at about 10-15 pips and be grateful for the advance.

Scalping the pip out of it

Short on the EY in the consolidation range. Got stochs overbought and previous swing highs. Going for mayeb 20 pips with a 20 pip stop

Scalping the pip out of it

So I got some pips here. About 15 pips. Looks like price may continue to collapse, but I got out when the 5 min stochs bottomed out to be safe. I like to scalp a lot of trades, and one of the worst ways to get caught up is to second guess your ...

Scalping the pip out of it

I got my first initial price collapse. Price dropped but I think it can maybe go another leg. Scalping is a quick business. I am constantly checking in to see if my trades are showing me the signs I need to proceed. I will stay in on this one. ...

Scalping the pip out of it

Just got in short here. After the retracement from last night, price action needs a breather. I am going for maybe 20 pips, but I will watch it as it goes. Price came up to meet the 50 EMA and was overbought on stochs and RSI. I like my chances.

Scalping the pip out of it

If anyone reads this and has any questions please feel free to ask. I know that my charts can be confusing if its your first time looking at them. Let me know if anything is unclear and I can explain. Much Love!

Scalping the pip out of it

This was a much better look. A fifty pip bounce when the stochs and rsi lined up. Patience will give you the setup rather than chasing the market.

Scalping the pip out of it

This is a perfect illustration of why I stayed away from this trade. It was in the middle of the range on stochs and in a serious downtrend. Price action stalled as soon as it hit the 50 EMA. If we see a new attempt at the low and resets the stocks ...

Scalping the pip out of it