Scalp Trading Strategies

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Timothy Charles
5 years ago
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1 Scalp Trading Strategies

Services Disclaimer (for full disclosure, see Disclaimers section of website) Information Contained within our website and affiliates is not a substitute for professional advice (e.g.

2 Services Disclaimer (for full disclosure, see Disclaimers section of website) Information Contained within our website and affiliates is not a substitute for professional advice (e.g., stock broker, financial advisor, personal banker). Provided by us does not constitute legal or financial advice nor is it meant to be. Intended to be general information relevant to common Trading issues and is offered in good faith (i.e., you do not have to use this information). Decisions Made by you are yours and yours alone, and you cannot under any circumstances hold Trading EveryDay responsible for any and all of your trading actions, losses, and costs incurred by you. Indemnification Client agrees to indemnify Trading EveryDay (TED) in the event of any claims against the Founder of TED and nothing in the materials shall be considered legal, financial, or actuarial advice. Educational Disclaimer (for full disclosure, see Disclaimers section of website) All information, training, and coaching sessions offered by TED are for educational purposes only. No warranties or guarantees of stock market success are offered of any kind. No advice will be given on specific stocks or on general financial management. TED will provide you with the tools to improve your trading skills. How you use the tools is up to you.

Candlestick Analysis Strategies Continuation Strategy Topping Tail / Bottoming Tail Strategy Bear Trap & Enhanced Bear Trap Momentum and Price Action Strategies Opening Crossover Strategy Opening

3 Candlestick Analysis Strategies Continuation Strategy Topping Tail / Bottoming Tail Strategy Bear Trap & Enhanced Bear Trap Momentum and Price Action Strategies Opening Crossover Strategy Opening Range Break Strategy Monday Trading Range Break Strategy Fibonacci Analysis Strategies 50-62% Hot Zone Strategy 38-50% Buy Crossover Strategy Technical Analysis Indicator-based Strategies Fast Moving Average Crossover Strategy Market Internals Strategies TRIN-TICK Crossover Strategy

4 Candlestick Analysis

5 Continuation Setup Prior Resistance Area -Target High area Less than 50% 2 1 Entry Two consecutive bullish price action bars in a up trend (WRB s are better & more potent) Higher timeframe in up trend with higher highs and higher lows Bearish candlestick price action closes in upper 38-50% of prior WRB Aggressive entry #1 Enter on next bar open Conservative entry #2 Enter when price action crosses above high area of prior two price action bars Technical Analysis based stops under 50-62% of WRB Variations replace with other bearish bars

6 Topping Tail Topping Tail Trap NFT 1 2 Prior Resistance Area -Target Failed Reversal Entry Two consecutive bullish price action bars in a up trend Higher timeframe in up trend with higher highs and higher lows Bearish topping tail candlestick price action Aggressive entry #1 Enter on price action crossing above body of topping tail Conservative entry #2 Enter when price action crosses above high area of bearish topping tail and closes Technical Analysis based stops under low of topping tail

7 Squeeze Squeeze Play 3 Bar Reversal 1 2 Variation Entry Prior Support Area -Target Multiple consecutive bullish price action bars in a up trend Each bullish candlestick price action bar s body narrowing as it continues to increase Higher timeframe in up trend with higher highs and higher lows Indecisive (doji) tail candlestick price action Aggressive entry #1 Enter on price action crossing below low of indecisive tail Conservative entry #2 Enter when price action crosses below at least one (1) prior bullish price action candlestick bar Technical Analysis based stops above indecisive tail

8 Gap at Open Bear Trap Technical Analysis Stop Multiple Day Move 1 Wide Range Bar Entry At least two consecutive daily bearish price action bars in a down trend The second bearish price action bar is a wide range bar with range above average range Price action gaps completely above the entire prior bars high Aggressive entry #1 Enter at the open of the market Conservative entry #2 Wait for intraday bullish setup Technical Analysis based stops under low of topping tail

9 Enhanced Bear Trap Multiple Day Move Gap at Open 1 Technical Analysis Stop Entry Two consecutive daily bearish price action bars in a up trend Higher timeframe in up trend with higher highs and higher lows Bearish topping tail candlestick price action Aggressive entry #1 Enter on price action crossing above body of topping tail Conservative entry #2 Use the 30 minute Opening Range intraday strategy in combination with the Bear trap Technical Analysis based stops under low of topping tail

10 Momentum and Price Action

11 Opening Crossover Open Entry 1 Prior Resistance Area -Target 2 3 Price action initially trends intra-day negatively and then finds support New higher low established Price action crosses the current day opening Higher timeframe in up trend with higher highs and higher lows Aggressive entry #1 Enter on price action reversal Conservative entry #2 Enter when price action retraces and forms intraday higher low above intraday low area Conservative entry #3 Enter when price action crosses the opening and trapping intraday shorts Technical Analysis based stops under prior pivot low area

12 Monday High Monday Low Monday s Range Break Down 1 1 Tues Entry Prior Support Area -Target 2 Wed Price action initially trends establishing Monday High and Low Range Tuesday s price action crosses below Monday s trading range low Higher timeframe in down trend with lower highs and lower lows Aggressive entry #1 Enter on price action crossing below Monday Lows Conservative entry #2 Enter when price action retraces and forms another lower high below Monday trading range lows Technical Analysis based stops above prior pivot highs area

13 Friday High Friday Low Fri-Mon Break Down 1 1 Mon Entry Prior Support Area -Target 2 Tues Price action initially trends establishing Friday High and Low Range The next week, Monday s price action crosses below Friday s trading range low Higher timeframe in down trend with lower highs and lower lows Aggressive entry #1 Enter on price action crossing below Friday Lows Conservative entry #2 Enter when price action retraces and forms another lower high below Friday trading range lows Technical Analysis based stops above prior pivot highs area

14 Fibonacci Retracement

15 1 st Reversal Pattern 50-62% Hot zone 2 nd Reversal Pattern 1 Prior Resistance Area -Target 50-62% 2 Entry Multiple bars of consecutive bullish price action bars in a up trend Higher timeframe in up trend with higher highs and higher lows Bearish retracement candlestick price action closes in between 50-62% of prior move Aggressive entry #1 Enter on first bullish price action bar in between 50-62% (i.e., "hot zone ) Conservative entry #2 Wait for complete 2 nd Reversal Pattern in or near hot zone Enter when price action crosses above prior bar high area Technical Analysis based stops under lowest low in 62% retracement area

16 38-50% Buy Crossover 1 st Reversal Pattern 2 nd Reversal Pattern 1 Prior Resistance Area -Target 2 62% Entry Multiple bars of consecutive bullish price action bars in a up trend Higher timeframe in up trend with higher highs and higher lows Bearish retracement candlestick price action moves down deep into 62% area Aggressive entry #1 Enter when on bullish price action crossing above the 50% retracement and enter Conservative entry #2 Wait for price action to cross above the 38% retracement and enter Technical Analysis based stops under lowest low in 62% retracement area

17 Technical Analysis

18 Fast Moving Average Crossover Entry Prior Support Area -Target 1 2 Price action in down trend with lower highs and lower lows on higher timeframe Using a fast 20 MA (simple or exponential) to gauge the trend Use a second slower 200 MA (simple or exponential) to provide weight-of-evidence of down trending confirmation Focus on only short entries when declining 20 MA is below declining 200 MA Aggressive entry #1 Enter on price action crossing below 20 MA Conservative entry #2 Drop down to lower timeframe and look for two consecutive closes below 20 MA Technical Analysis based stops above prior pivot highs area or prior reversal pattern tops

19 Market Internals

20 Transition Among Phases 3. Sideways Topping Action TRIN TICK A/D Ratio VIX VXN TRIN TICK A/D Ratio VIX VXN 1. Sideways Bottoming Action 1. Sideways Bottoming Action Indicator provides signal Buy SOH Short SOH

21 TRIN-TICK Crossover TRIN + extreme 1 2 neutral - extreme + extreme TICK neutral - extreme Extended Entry Price action in up trend with higher highs and higher lows on higher timeframe Using a fast 20 MA (simple or exponential) to gauge the trend Use a second slower 200 MA (simple or exponential) to provide weight-of-evidence of up trend with R20MA > R200MA confirmation Focus on only long entries when rising 20 MA closes above rising 200 MA Aggressive entry #1 Enter when both TRIN and TICK are at extremes Conservative entry #2 Wait for 2/3 bar reversal in price action and then in combination with the extremes of TRIN & TICK enter Technical Analysis based stops above prior pivot lows area or prior reversal pattern bottoms

22 Bonus Material

23 Manage your time & priorities so you focus only on HIGH-QUALITY trades. Most traders know WHAT to do, but they never get organized and disciplined enough to stick to the plan, stay on track, and approach trading in a systematic and logical manner. The reason most traders don't have enough quality trades is that they don't have the PATIENCE to wait for them and end up taking the bad ones.

24 As a trader, it's actually your RESPONSIBILITY to figure out how to be patient and find the quality trades. If you don't, you're doing yourself a disservice (and losing money at the same time!). Accept that fact that you need to work on your trading and that it s probably going to take longer than you thought to get sufficiently good at it. Get FOCUSED, ORGANIZED, and DISCIPLINED in your trading like never before and you ll find that it will REALLY pay off.

25 Find ways to systematize your trading so you get MORE DONE, while doing less. Start with a detailed trading plan and SYSTEMATIZE every possible aspect (i.e., strategies, entries, exits, etc.) of your trading. Do NOT reinvent the wheel each time you do want to do something. It's about making your trading more efficient and effective, making it a PROBLEM-FREE ZONE. Leverage your time and resources to get it ALL done, including premarket preparation, end-of-day chart reviews, and everything in between.

26 Put your trading plan on AUTOPILOT, while you watch your trades generate profits. Even though you may be on autopilot, PAY ATTENTION to the market and what s going on to make the necessary adjustments. You won't believe you ever did anything in your trading without a system. This alone will change the way you trade FOREVER.

27 You can create a trading plan, develop strategies, and implement a system for your trading, but if you don t take the trade, you're never going to make money. The role that your strategies and system play is in qualifying your trades! Master the process of qualifying your trades, and you're homefree! Test, test, and test some more all your plans, strategies, and systems. Keep the ones that work, and get rid of the rest because once you do this, they will work for you for years to come. Keep it simple!

28 Constantly testing will eventually get you to where you will be taking not only trades, but the quality trades! Ask any trader how many different strategies they have. I guarantee you that most use only a handful 90% of the time. They get really good at just a few, learn how to adjust as needed, and prolong their trading career.

29 BELIEVE you can do this! Some people are raised to work REALLY hard, thinking that it's the only way to succeed. The truth is, you can PUT YOUR THOUGHTS AND FEELINGS TO WORK for you, too! It's NOT just action and trading that creates your reality! Thoughts and feelings are equally at play!

30 You can trade until you're blue in the face, but if you don't believe you deserve it or that it will work, you ll never succeed! With the right intention, commitment, and belief in yourself, YOU CAN DO ANYTHING (like be successful with trading, make good money, and have lots of time off). Believe in yourself, and you will manifest what you want with your trading.

31 Eliminate the excuses and behaviors that sabotage your success on a DAILY basis. Be aware of inner conflicts buried deep down inside. Like it or not, no one prevents you from succeeding but you. Realize that your fears and beliefs actually create self-sabotage. Only then can you start doing something about them. Remove fears and negative beliefs to achieve success! If you don't, you will be in the same place years from now, which is exactly where you don t want to be.

32 Silence the Critical Voice that talks so loudly inside your head and beats you up. Stop caring about what people think of you! Take a No-Excuses Approach to your success and choose the behaviors that will ensure you finally become the trader you know you were meant to be. Do all of the above, and your trading mindset will NEVER be the same!

Icoachtrader Consulting Service WELCOME TO. Trading Boot Camp. Day 5

Icoachtrader Consulting Service www.icoachtrader.weebly.com WELCOME TO Trading Boot Camp Day 5 David Ha Ngo Trading Coach Phone: 1.650.899.1088 Email: icoachtrader@gmail.com The information presented is