So lets get finished with the "flip scalp" so we can explore some other patterns...
The flip scalps consist of three stages :
_Setuping
_Timing
_Exiting
(all chimp terminologies )
the Setuping process, needs a given S&R level that was created from a certain pivot ( V )... this level gets broken and now we expect a pullback to the level... once the pullback takes us back to the level,there comes the truth moment for Timing to happen, the level may hold or may break, we expect it to hold, so when we see a small swing going on our favor "click" we time our entry inside, we are on the trade... if he doesnt take off soon, you are out, if he breaks against you, you are out, he went up some ticks you are out, thats the Exiting criteria basicly... I aim ticks, this is scalping...
So some real life examples :
we will be able to share much more on the chat room about this trade... training the eye its a matter of watching this happen over and over again... cheers Walter.