Zero Indicator
Now Reading
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
The Mole
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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator