Dear Traderssubmitted by Flotschgee to Forex [link] [comments]
Most people know me by now I'm the guy with the 10 pips that always put the same song in the video, because I just love it too much. haha
Well let's get down to business unfortunately I was too tired to write the explanation post yesterday, but it doesn't matter as long as you read through this carefully it doesn't matter when you read this :)
Let's start with the London lunch scalp. A lot of people haven't seen the post because it was posted at a non US friendly time. I'll link it here if you are interested before we get into detail.
So the reason for this entry came from the M15 Chart and you will see why I only take 10 pips and then out immediately.
London Lunch M15 Chart
What you are looking at here is the last up close candle before this "major" dump. What's important tho is that price also immediately went back up and traded over this candle. Now we just wait for price to dip into the red square and we have our free 10 pips. As you see shortly after price went lower so be careful with your target. On HTF if you see something like this it is more likely to give you more pips. Always keep in mind we are on M15/ a LTF so we target conservative!
M1 London Lunch Chart
Just to complete the explanation, here's the M1 chart. Red line was the TP. Square Entry as explained.
Most people probably seen the NY video but I will also link it here.
The other scalp was made in NY and blew up way more. A lot of discussion, questions and accusing of gambling haha as usual. So what's special about this trade... it was my first trade I guess that was purely based of the M1 TF and not like a higher TF candle. Let's look into it.
M1 NY Session Chart
So this is unusual for my chart so many lines/squares ^^ So let's get started from top to bottom. Just a quick mention the two horizontal red lines are entry and TP.
I might not post tomorrow since I'll not be home and screen recording might be to stressful. We'll see.
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