I have already posted this to YouTube, but just to make sure we have a separate copy of it and to make it easier to find in the future, I am also uploading it to the website. <\/p>\n\n\n\n
This live trade example was a higher low entry, following a 2nd entry long in an uptrend. Prices had just created a convincing close outside of the trend line, but the gap on the daily chart was not yet filled, nor was the measured move fulfilled. That would lead one to expect that prices would at least make a retest attempt of the high, so that was my big picture thinking on this entry.<\/p>\n\n\n\n
You could have entered a few bars earlier on the second entry, but I felt it was better to wait on the higher low to confirm that prices were indeed going higher. The trade triggered so quickly I could not get the recording started in time, so you do not get to see me place the order before it is executed. The scalp took maybe 30 seconds at most, then I exited my runners after a 5 point move in only seconds as well. That single trade made 40 points or $2,000.00 minus commissions in less than 90 seconds.<\/p>\n\n\n\n
Just to describe the entry, I placed my buy stop one tick above the signal bar where you can see the order entry location prior to exiting all contracts. I was barely able to get the order placed and it was filled almost instantly. The rest you can watch in the video. I hope you enjoy the trade and can learn something from watching the video.<\/p>\n\n\n\n