Scalping

Hi Guys,

Today I am scalping XAU/USD (Gold)

1. On the 1 hour timeframe, I notice a resistance area (marked by the two yellow circles)

2. I expect price to be knocked down and reverse to a down trend once it hits the resistance point

3. In anticipation, I place a sell order for 1 lot of XAU/USD

Price has touched the resistance area and as anticipated, it has reversed course and is now going downwards

I switch to a 15 minute timeframe and I see price is still in a downward trajectory, at this point i close the position and exit with profit

NASDAQ SCALPING

1. First thing is i look for a resistance/support level on the Nasdaq chart by switching through different time frames.

2.I find a good resistance level on the 4 hour chart . The yellow boxes mark the resistance level

I expect price to reverse course and start falling when it nears/approaches the resistance zone.

I place a sell order to benefit from the possible price reversal to a downward movement

I switch to a 15 minute time frame to set Stop Loss & Take Profit to manage my risk

Price is nearing my Take Profit

Take profit has been hit

EUR/USD SCALPING

I locate a resistance zone where i think price will reverse so i place a sell order at that point

Price has reached the resistance line and begins to fall. I set a Stop Loss above the highest point price reached when it attempted to breach the resistance line. I also set Take Profit

Take Profit is Hit

XAU/USD Scalping

Today i looked at the XAU/USD chart on a 30 minute time frame and saw that the price was falling towards a support area which i marked with a yellow line

My thinking is that the support area is going to draw price to it and after which price will bounce back up

I open a SELL TRADE to benefit from the anticipated downward price movement

I Set my Stop Loss above the upper wick of the current bull candle and set my Take Profit (TP) at the support area

I now have to wait for price to touch my Take Profit

As expected, Price is Falling and approaching my Take Profit

My Take Profit has been triggered so I exit with a profit and if you notice price reverses course after hitting the yellow support line area

EUR/USD Scalping

Hi Guys,

Today I'm looking at the 4 Hour EUR/USD chart and i spot a potential area of support marked by the yellow square on the left.

The area of support seems valuable because of the lower wick that extends downward on that candle which coincides with where price currently was (right square)

I Placed a BUY order because i think price is going to reverse and start rising as since it has touched the support area

I also place a Stop Loss & Take Profit as you will see i marked on the chart

Price has hit the support area and started reversing and moving upwards (see yellow circle)

I set a Trailing Stop Loss to trail the current price by 1 Point. I do this to secure some profit.

By setting a Trailing Stop by 1 Point, I have secured a profit of N9, 130 out of my current N10,956 floating profit.

My Take Profit has been hit so i exit with profit

New Trade: EUR/USD Scalping

On the EUR/USD 15 minute chart, I spot a potential area of value marked by the yellow square on the left so i call it our SUPPORT LINE. This support line coincides with where the price was at the moment (yellow square on the right).

Price is falling but I expect a reversal when the price hits the support, so i Place a Buy Order at the point of value