sideways markets are always great places to make money with this simple scalping tecnique
first step i need to define my trading range, and i will also show you this in members training.
define the highs and lows, sell the highs, buy the lows and avoid the middle, very simple.
the euro has been trading in this narrow range for some time now so we are going to likely play inside the range more consistantly than we will outside with a breakout.
keep in mind the dollar index futures play a considerable role for scalping the euro, so learn about the dollar index trade patterns here.
if the price rises im going to use a 2step reversal pattern for entry below 3644 which is the high of day.
i will use the standard trade management strategy for scalping and will review this in training for all the markets we trade each time we do training.
buy the lows of 3610 with the same reversal pattern that works on ALL of our charts and ANY market you chose.
if we see strong sellers at these lows we can sell the break below 3610, with a final target of 3605
and keep an eye on these lows, if we end up all the way down to 3579 im going to look for a long entry buying these lows as well with a final target of 3595 on the way back up.
as a scalper i can buy the lows and sell the highs all night long, just follow those entry and exit rules.