Ok, now I will start talking about another trade that I am also doing on this S&R scalps aproach... it is the
"Retest Scalp"
What he basicly does is that he bounces right off a level that just was built...
Example :
you can see we created a V and went back to retest the extreme of that V...
Its not perfect, but the key its taking very tight stops when it doesnt work and try to take the most when it does...
The logic behind this trade is that if there is NO mometum in place, the market simply will not take off... and this levels marked by the Price action of the market are key levels to bounce once again...
It is important to be alert of probable break against us... thats why tight stops are a requirement... another thing, if the trade doesnt react as expected, get out...
On the next posts I will start a series of videos where we will make a tour on varios sessions using flip and retest scalps... cheers Walter.