Pre-Holiday Scalping

For at least the last three weeks, I have been non-stop with business travel and other end-of-year requirements of my time. If you have been watching the markets lately, you will start to see liquidity change a bit as we get further and further into the holiday season. Remember, the markets are simply people – who go shopping, take time off, and enjoy time with family and friends. What this means to us traders is that we need to be more patient – and more diligent – in identifying patterns and market flow. Remember, don’t force any trades. Let the trades come to you.

 

*** EURUSD MARKET STRUCTURE ***

Scalping Forex

Market Structure of EURUSD

 

I liked what I was seeing in terms of market structure. For those of you who have been checking out the blog for a while, you should definitely be seeing some consistency in the types of trades I take – even if you are not a Mentoring or Premium Video client of ours.

 

*** EURUSD TRADE ***

EURUSD Enter

 

Price was behaving as expected around the Magnet Lines. In my studies of two Magnet Lines that are closely together, it prompted me to jump into a trade as soon as price started to pick up speed on the broker quote panel.

 

*** EURUSD EXIT ***

Forex Scalping

Scalp Exit

 

As soon as price started to slow down a bit on the panel, it was time for me to exit. You will notice that price continued on a bit longer, but that’s ok. I got my pips. That’s all that matters to me.

***

For those of you who are still looking for that magic formula of trading, there really isn’t any. It is simply a matter of finding a system that works for your personality, and practicing, practicing, practicing. You CAN do this.

-Scott

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