EURO

EURO

Yen

Yen

Wednesday, September 15, 2010

For Small Trades

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.

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