If price is revisting a fresh supply or demand level on a 5 minute chart we can place a scalp trade with a 4-6 tick stop. If this trade was going against the prevailing trend we could make a scalp trade (or no trade at all) but risk no more than 6 ticks. Ideally, the better trade would be the buy at the demand level in an uptrend or the short at the supply level in a down trend.
Wednesday, September 15, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment