Professor’s Comments – Modified Scalp Trade 9/15/2020

Posted by OMS  at September 15th, 2020

In this volatile market, one trade that has been working well for me recently has been a scalp off the first 15 min bar high or low. This trade is something I used to teach in my Class at UNF, but since introducing my scalp trading indicators, it has become even more effective.

The original trade used to wait for the first 15 min bar to print and then go long or short once the price exceed the opening bar high or low. But now that I have the scalp trading indicators, I simply wait for the primary volume indicator to confirm the trade.

I exit the trade when the volume turns against the trade.

You might want to give the modified trade a look.

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