Yes you can scalp up or down this way, but if you are not in alignment with the Higher-Time-Frame, your results will vary more than going in alignment with the bigger-money. That is up to the individual trader, and you can set your own rules to match your trading style and risk tolerances.
@@Lazy-d4b It turns into a scalp until the market shows me more. You just reset your checklist at each level. If it breaks through a level and holds (trust but verify with a new checklist)... then you can add and let it run. Get out when opposite direction traders bounce the price... Sometimes you get a huge winner this way, but you don't know if that's going to happen, so you enter the trade (put money on the table), manage the risk, add to it if its going to run, and then exit. Whenever you enter a trade, you have a probability of 50% right and 50% wrong... because you do not control the actions of other traders. To risk mitigate this factor, you enter with 4-6 ticks of risk and manage your stop once other seller (or buyer) imbalances show up and you get continued price confirmation. Then and only then do you add to the trade. The Risk:Reward can be greatly skewed in your favor when you trade this way. It's 100% about risk mitigation and proper, timely adherence to trade location (by understanding fair value) is your key to survival in the long term in this business. This technique is 100% repeatable on any timeframe, in any product.
@ AMAZINGG! its like slot machine lol.... when do you personally call it a day? do you have personal daily goals? like 2 trades a day after open and done for the day etc.
dude! curios question, can't we just scalp up and down using the SQD etc.? like scalp 1st hour of open like all scalpers
actually my bad, isn't that what you do? lol
Yes you can scalp up or down this way, but if you are not in alignment with the Higher-Time-Frame, your results will vary more than going in alignment with the bigger-money. That is up to the individual trader, and you can set your own rules to match your trading style and risk tolerances.
@@Lazy-d4b It turns into a scalp until the market shows me more. You just reset your checklist at each level. If it breaks through a level and holds (trust but verify with a new checklist)... then you can add and let it run. Get out when opposite direction traders bounce the price... Sometimes you get a huge winner this way, but you don't know if that's going to happen, so you enter the trade (put money on the table), manage the risk, add to it if its going to run, and then exit.
Whenever you enter a trade, you have a probability of 50% right and 50% wrong... because you do not control the actions of other traders. To risk mitigate this factor, you enter with 4-6 ticks of risk and manage your stop once other seller (or buyer) imbalances show up and you get continued price confirmation. Then and only then do you add to the trade.
The Risk:Reward can be greatly skewed in your favor when you trade this way. It's 100% about risk mitigation and proper, timely adherence to trade location (by understanding fair value) is your key to survival in the long term in this business. This technique is 100% repeatable on any timeframe, in any product.
@ AMAZINGG! its like slot machine lol.... when do you personally call it a day? do you have personal daily goals? like 2 trades a day after open and done for the day etc.
@@Lazy-d4b Yep. Its an ATM. I don't stand in front of the face magnet all day. Don't need to.