just about everyday you'll find some
kind of interesting scalpable opportunity!
just about everyday you'll find some
kind of interesting scalpable opportunity! Some days you'll score more pips
than on other days (ok, this was a better than average day), but EVERYDAY
As you can see, there was a Fundamental being released at 05:00 EST, and at
05:02 EST a candle shot up 22 pips, then the market continued on upwards. I
won't give you the "play by play commentary", but will simply discuss what
is important to view on this chart.
Before 05:00 EST (before the FA) the market was already in an uptrend, and
the S.E.X. lines were already spread out. With the sharp increase in price, and
the sharp increase in the trend's steepness the S.E.X. lines spread out even
more. It is interesting to notice that the EMA crossed the SMA of the 30
S.E.X. pair right before (a few candles before) it reached the highest price,
and then the market entered right into a consolidation a few minutes before
06:00 EST (the end of the Asian/European overlap time – notice the whole
thing happened between 02:00 & 06:00 EST only lasting through the overlap
time). The 15 and the 30 S.E.X. pairs "bunched" right at 06:00 EST, and the
60 S.E.X. pair quickly followed into the "bunch" as the market entered into a
tight sideways consolidation.
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