Hey Peeps
I outlined the very recently formed support at around 8293-8226. We had two bounces off there. I don't see it dropping below this region and closing. The resistance is as outlined, 8429-8462. We need volume to break it. Volume is on its wayinvalidate the support/resistance. down as you can see. Play these zones with caution. Think about stop loss placement, if you place it to tight, you will be stopped out. Place it within parameters that would
I would also like to leave with a bit of advice I stumbled across. It has greatly impacted my style of trading. If you are planning to close a position because a trade isn't going your way, immediately open a trade in the opposite direction. This way, you will be able to catch market movements and be profitable. Also, you won't be too hasty to pre-emptivley close a winning position.
Note: this is the 30 min chart. You can dive further into a 15 min chart to seek more zones for scalping.
Let me know what your swing/pivot points are.
I outlined the very recently formed support at around 8293-8226. We had two bounces off there. I don't see it dropping below this region and closing. The resistance is as outlined, 8429-8462. We need volume to break it. Volume is on its wayinvalidate the support/resistance. down as you can see. Play these zones with caution. Think about stop loss placement, if you place it to tight, you will be stopped out. Place it within parameters that would
I would also like to leave with a bit of advice I stumbled across. It has greatly impacted my style of trading. If you are planning to close a position because a trade isn't going your way, immediately open a trade in the opposite direction. This way, you will be able to catch market movements and be profitable. Also, you won't be too hasty to pre-emptivley close a winning position.
Note: this is the 30 min chart. You can dive further into a 15 min chart to seek more zones for scalping.
Let me know what your swing/pivot points are.
Comment:
Input from Allanster, the legend himself-> Extend the green boxes to the left to include the touches.