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See all that noise? Can it be traded? Profitably? Or should we sit twiddling our thumbs waiting for that BO to come? Why not trade the noise AND the coming BO?

And here is what happened after my trades. While I was annotating the chart. See that move back down. We are in a range. So called chop and noise. Untradeable. Me thinks not!

Here is how I scalp those so-called random moves and noise and make the cash register jingle. Price is in a developing range after ORBO and 2 legged MM up. It is morphing into a TR. Entry#1 on BO of previous two bars expecting at least a scalp up to near the top of the range. That failed to...

Hyperbole intended to drive home a point. yes exaggeration.

Like this?

Maybe he is bored?

I will sometimes scalp a 1m chart but it requires intense concentration and focus and very quick decision making.

If a persons scalps for 1 tick then they can do that multiple times on one 5 min bar. There are 81 five min bars in the day session. Scalp each 5m bar multiple times. But at the end of the day you will become nauseated to look at the commissions you pd and your broker will be eating ribeye...

Actually NoahA you mentioned old men. I thought it humorous that Noah was pretty old himself. And Noah was five hundred years old: and Noah begat Shem, Ham, and Japheth. Genesis 5:32 KJV I'd bet none of us will still be begetting at even a measly 90!

I remember being watching VST with great interest back in the day a long time ago trading at Starbucks. His idea of scalps over and over and seeing inside a bar always stuck with me. I just never could learn to program so years later I had to see how I could trade outside of those millisecond...

ROFLMAO old guys.....

BTW the INITIAL SL lost on that last trade is just below bar 14:45 two bars back from my entry bar. Another option is below the low of bar 14:35. The ACTUAL SL ...I should say ACTUAL RISK was around 3 ticks. 2 ticks plus 1 tick for exiting with a loss. So, 3 ticks for 8 ticks profit. This is...

And here is how the sessions ends. More or less.

Well we did get a BO but late in the session. Can happen! I took one more long trade 2 points. Finished for the day. R:R was good on this one. It might have gone 2 ticks against me before going in my favor to profit.

it is likely getting too late in the session to look for a BO. Could happen but doubtful. I may make one more TR trade. Just have to see.

Where were the SL's in those two trades? In first trade a min SL is 1 or 2 ticks below that bar 12:25 (first entry short) and max 2 points below the lowest low in that TR at the far left of the range which would be 4955. The SL for the second long trade is even further down. more like 4952...

Here is an example of scalping and averaging down this morning or scaling in to make it sounds nice. Price in a sideway established TR. 80% of BO attempts top or bottom fail so odds favor shorting in top 1/4 bar 12:25 and adding bar 12:35 as it moves against me which I did. Then exited bar...

The reason scalping often requieres a wider PA stop loss as opposed to a tight monetary SL is because no one can actually say where the market will go. We are dealing with probabilities and possibilities in scalping. There are too many variables..some known.. and some unknowable. Therefore...

I said "I have been able to make tight SLs work in scalping" in my previous post. I typed that wrong. I mean't to say I HAVE NOT been able to make tight monetary SLs work in scalping. Instead I have found I have to use a PA SL for scalping and the often gets me upside down on R:R but also often...

Scalping is often times blasted as a losers game or extremely difficult to pull off. It seems to me the same thing can be said about long-term investing. In either case folks need to know what they are doing. Yes, a scalper can lose but if they are disciplined their losses can be minimal...