My views on future trades, past trades, the market and lessons learnt

Tuesday, May 13, 2008

Typical EJ Scalp

We identified an uptrend all day on the 15min and dropped to the 5min and drew out pink trend line. Once we got a 5min close under this the trade was confirmed and we took our 1st entry short at 50. And then waited for a 2nd entry around 62 (which we never got)
 
Exit was a break of the 1 min down trend. An easy 10 pips after spreads and commissions.

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