we can see an easy sideways market on the crude oil, so scalpers have plenty of opportunity to profit tonight.
we're right in the middle of this range (come to training and i will show you how to define these levels)
i want to avoid the middle, buy the lows, sell the highs for this scalping technique.
if the market rises...
- i need to be careful buying the highs of this trading range which are 78.13, considering we made such a dramatic move UP earlier today, buying the highs right now could be considered suicidal...but lets use those dilusional traders as victims for our SHORT entry.
its going to be HARD to time the entry long at the highs so im going to wait it out to test the highs and look for a reversal pattern selling short < 79. we will review these patterns in training.
my trade management on this scalp trade will always be similar to +5/+10/+Runner, and we review all of our trade management strategies in training.
what if the market drops? now we're talkin....
im going to buy the bounce off 35 with standard trade management.
if we see strong selling through the lows of 35 i will gladly sell short but i need to wait for us to break the 77.12 first.
77.12 is the Prev High of Day which is a strong support level, so im not going to mess with selling 35's, ill wait for the chop and slop to pass and enter short when the BIG MONEY is entering below the previous HOD, this will be a much cleaner trade without all the head fakes.
