Double bottom. 1st part closed at +5.2p, 2nd at +10p. Stop is at -4.9p

Following the big money

The worst case is when someone is trying to push the market up or down against fundamentals and/or technicals. Usually 20-30 pips moves are follow by only 5-6pips pullbacks or correction in time rather than price. This is typical when Asian ...

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When I don't like the price action, just like today, I make the same entries but my targets are not as usual. I aim for a few pips.

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It's not only the entry. The scalping is more about the position management.

Following the big money

So you wait for a pullback below 20 MA and enter long when the price breaks up again?

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Lodge, this entry was very quick. I've missed it. Today Asians and ME accounts are pushing the euro up and I'm in scalping mode. Stop was 3.4p profit is 4.8p.

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1st is closed for 5-6 profit, 2nd for 10-15 pips profit. The rest of the position is left with 4-5 pips stop. Then I start to move the stop above/below the swings highs/lows on 1M chart.

Following the big money

Just to hold the positions longer.

Following the big money

EURUSD sold off very aggressively the last few days and the buyers should appear at some level. The price action showed me that bids started to enter the market. I should set bigger target for the position but it was countertrend.

Following the big money

Thanks diceman555

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Why don't you try to follow the price move with part of the position?

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This is a countertrend trade so I moved the stop to BE. Target is 40 pips.

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Let's try some bottom fishing. Initial stop was -10p, now it is -6p. 1st part closed at +7.5p (1.5p slipp), 2nd at +11p.

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3rd part closed at +70p

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Stop at +40p.

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Stop at +30p

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Stop at BE.

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STE. 1st part at +7p, 2nd at +9.8p. Stop at -5p.

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3rd part closed for 31p profit. It's not a bad start of the day.

Following the big money

Stop moved at BE.

Following the big money