Baghdad Subway Map on Was it any harder to detect the features of the M-pattern halfway the 80 and DO-level? And what about the way this bear block broke out at the bottom, below combi 6, straight into a trending 25ema; 397 Understanding Price Action didn’t that spell trade-for-failure the same way it would have done on a 5-minute frame? Above bar 7, we can now shoot for the OO-level (8), with a tight stop below the four bars prior to entry. Do keep in mind that continuation scalps like these tend to be more failure-prone than a solidly built up break from a box progression, especially in the lunch-hour doldrums where volume is often ultra thin; in the early morning activity, however, they are generally worth a shot. Note: The mere suggestion of using a 5 or 6 pip stop in the currency markets may strike some readers as highly aggressive, if not plain suicidal. Allow me to stress that this is based on a low-volatility environment and very much seen from a scalper’s perspective; other than that, it is still a matter of risk versus profit in regard to the most probable outcome. But before venturing out on the scalper’s path, a rock-hard understanding of pressure, conditions and buildup is of the utmost importance. Never underestimate the potential for opposition, and always be very, very patient, even on these faster frames. Make it a habit also to review all your wagers well, your losers in particular, to see if further improvements can be made on the part of trade selection. Baghdad Subway Map 2016.
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