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Anatomy Of A Reversal Scalp

20

Anatomy Of A Reversal Scalp

Anatomy Of A Reversal Scalp

by The MoleJanuary 4, 2011

Here is another textbook example of how to scalp courtesy of the ZeroLite:

I think the chart says it all. We saw a controlled walk down to the lower Standard Deviation line. ZeroLite was in non-confirmation mode practically the entire time. Thus the odds of taking a long trade at the 1259 mark were reasonable. The expectation was a revisit of the VWAP center line at 1263, which is exactly what happened.

BTW, I just added a new blog category zero->Examples – under which I will continue to file textbook setups just like this.

Cheers,

Mole

About The Author

Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.

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