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@sign&l Subscribers (2018-03-27 18702732 UTC)

The document discusses a scalping strategy involving shorting a stock. It advises opening a short position when a resistance line has been rejected four times, as indicated by candle wicks. The trader then watches for a support line below to be broken through on large red volume, holding the short. The short is then closed at the next support line, which has also been rejected multiple times based on prior candle wicks, allowing for a $200-250 profit scalp.

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larzuwa
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96 views1 page

@sign&l Subscribers (2018-03-27 18702732 UTC)

The document discusses a scalping strategy involving shorting a stock. It advises opening a short position when a resistance line has been rejected four times, as indicated by candle wicks. The trader then watches for a support line below to be broken through on large red volume, holding the short. The short is then closed at the next support line, which has also been rejected multiple times based on prior candle wicks, allowing for a $200-250 profit scalp.

Uploaded by

larzuwa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SCALPING

1) When you see 4 lot of c4ndles with these wicks from resist4nce line - it
me4ns th4t everytime price went there - it w4s pushed down, it w4s rejected.
So, you 4ssume th4t if price c4n't bre4k it - it's not re4dy yet. You open 4 short
2) Then you w4tch for 4 closest support line below. You 4re not closing your
short c4use you w4nt to give it some time 4nd see if this bounces. When you
see th4t c4ndle bre4king down throught the line on 4 big red volume - you
know you c4n hold your short for 4 while.
3) The next support line is where you looking to close your short. Why? The
s4me 4s 4bove: 4 lot of c4ndles h4ve wicks, so it me4ns whenever price went
to th4t level - it w4s pushed up, bounced.
E4sy $200-250 profit sc4lp.
@Sign&l Subscribers
[2018-03-27 18702732 UTC]

@Sign&l Subscribers

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