scalping the ftse next week here are the levels i ll be followin
TWO TOP TIPS FOR THE DAY
Tip 1
Be aware price surges at the opening if price is at that point near a "level " it may well surge thro that one and go up to the next one before a scalp opportunity occurs
Tip 2
The 20-50-80-10 numbers are really really respected but when price is moving with momentum from the bell it can push thro strongly to the next number ie 7250 onto 7280
This can present a great opportunity as each time it goes thro the blue line it increases the chances that the next one will be the reversal / pull back trade
example if price opens in the 7180-85 area and is going up it may push thro the 7200 area with the strong bullish sentiment , this would then suggest to me that 7220 could be good for a 15-20 higher stakes scalp if it can get up to 7250 in that initial buying frenzy with out a significant pullback then i LOVE this short if my criteria are met (BB extremes etc ) and it could be good for 30-50 pips
KEEP YOUR STOPS TIGHT AND MOVE INTO PROFIT AS SOON AS POSS : ALWAYS PROTECT YOUR CAPITAL
Cheers Rob
Tip 1
Be aware price surges at the opening if price is at that point near a "level " it may well surge thro that one and go up to the next one before a scalp opportunity occurs
Tip 2
The 20-50-80-10 numbers are really really respected but when price is moving with momentum from the bell it can push thro strongly to the next number ie 7250 onto 7280
This can present a great opportunity as each time it goes thro the blue line it increases the chances that the next one will be the reversal / pull back trade
example if price opens in the 7180-85 area and is going up it may push thro the 7200 area with the strong bullish sentiment , this would then suggest to me that 7220 could be good for a 15-20 higher stakes scalp if it can get up to 7250 in that initial buying frenzy with out a significant pullback then i LOVE this short if my criteria are met (BB extremes etc ) and it could be good for 30-50 pips
KEEP YOUR STOPS TIGHT AND MOVE INTO PROFIT AS SOON AS POSS : ALWAYS PROTECT YOUR CAPITAL
Cheers Rob