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Old 12-08-2007, 02:31 PM
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walterw walterw is offline
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This member is the original thread starter. Re: "S&R" Scalps

So a good skill here to develop that will be usefull for all the coming diferent "S&R" Scalps, will be to spot this pivots and its Horizontal lines...

The most important levels as they have more cronical tests or had been breaked in a very important break, they will stay there, without any update..

now the smaller levels, that are not that important may be updated gradually as new levels get created... this skill is a base skill for this trading and screen time is key, its not dificult, very simple actually but requires to be open minded in updating those levels that alraedy become obsolete...

So the levels that are not important levels I will call them small levels, so we will have Important levels and Small Levels...
Lets see some important levels vs small levels in action , the cyan lines are important levels on the session, now the Yellow lines are small levels in action :




there are some interesting nuances in the construction of this levels as the session evolves...

the most used to scalp is the small levels, so let me focus on this levels how we can plot them and update them as the session evolves...

Let me give a simple example of how a small level got updated ...



for example in this case we may want to consider the lowest pivot of that group the most reliable small level support... after that we can see how we got a nice flip scalp...

So drawing this levels has some art and logic as well... no brainer at the end... cheers Walter.
Attached Images
File Type: png important and small levels.png (158.1 KB, 854 views)
File Type: png updated small line.png (66.5 KB, 842 views)

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