JVonD talks about a perfect scalp scenario in crude. It’s the fastest trade style possible that he calls the “Fight Back Trade”. Also a quick update on the rigorous scalp training sessions and workspace updates.
CL was trading nicely today. I’ve been noticing going into pit close (12:30 MT) the movement is so fast. Around 6 tick jumps at times but usually stays in a tight range for really fast scalps. Sometimes in and out in seconds. Watch the Ladder’s “BID/ASK Sum” and see if it is somewhat neutral holding the range. A lot of times the price movement moves toward liquidity so I’m trying not to trade against that rule. Kept buying around 41.83 and getting out on the fast snap backs.
You can see below that CL failed the lower level and came back up into the previous value area where the POC was for the day. So I was looking to get longside scalps up to the POC or the whole number 42. Whole numbers on crude are sometimes good levels to trade around.
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!