Even though volume and the range were abysmal, I used my latest scalping method to make 7 trades this morning, for 6 wins and 1 loss.
I don’t remember if this is one of the ones I made or not (the bars go by really quickly on a 233 share bar chart!), but this is a good example of the setup. We tap the rolling vwap, then come down with red bonnie’s bars and red market sync. Then I take profits at the math line, skipping the line I’m right on top of on entry.
Yeah, it’s kinda fun to scalp… but also much more strenuous than what I’ve been doing… and the money you make is not proportional to the extra effort needed. I hope I don’t feel inclined to do this all summer! But, you gotta adapt, and if the market wants to chop, you gotta either have a method that works, or step aside.
Anyway, I’m done for the week. Have a good weekend, and I’ll see you next week.
