November 18, 2024

Tape Reading, A Live Scalping Trade On The Dow

1 min read

Tape reading scalp on the DOW (YM). It was a momentum continuation trade going into the close. Price action and conditions weren’t optimal but the setup was still valid to take. Scaled into tape pulses that slowed, then cut the trade once it became clear the momentum had died.

[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][wp_lightbox_fancybox_youtube_video link=”http://www.youtube.com/watch?v=OqoJ_Gtongo” title=”Tape Reading, A Live Scalping Trade On The Dow” source=”https://www.thedaytradingroom.com/wp-content/uploads/2012/10/tape-reading-live1.png”]
[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Leave a Reply

Your email address will not be published. Required fields are marked *