scalp trading strategies - amazon s3action+strat… · fast moving average crossover strategy...

Scalp Trading Strategies

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Candlestick Analysis Strategies Continuation Strategy Topping Tail / Bottoming Tail Strategy Bear Trap & Enhanced Bear Trap

Momentum and Price Action Strategies Opening Crossover Strategy Opening Range Break Strategy Monday Trading Range Break Strategy

Fibonacci Analysis Strategies 50-62% Hot Zone Strategy 38-50% Buy Crossover Strategy

Technical Analysis Indicator-based Strategies Fast Moving Average Crossover Strategy

Market Internals Strategies TRIN-TICK Crossover Strategy

Candlestick Analysis

Entry

Continuation Setup

Two consecutive bullish price action bars in a

up trend (WRB’s are better & more potent)

Higher timeframe in up trend with higher

highs and higher lows

Bearish candlestick price action closes in

upper 38-50% of prior WRB

Aggressive entry #1 – Enter on next bar

open

Conservative entry #2 – Enter when price

action crosses above high area of prior two

price action bars

Technical Analysis based stops under 50-

62% of WRB

Variations…replace with other bearish

bars

Less than 50%

Prior Resistance Area -Target

High area

1

2

Entry

Topping Tail Trap

Two consecutive bullish price action bars

in a up trend



Bearish topping tail candlestick price

action

Aggressive entry #1 – Enter on price

action crossing above body of topping tail

Conservative entry #2 – Enter when

price action crosses above high area of

bearish topping tail and closes

Technical Analysis based stops under

low of topping tail

Failed Reversal

Prior Resistance

Area -Target

Topping Tail

1

2

NFT

Entry

Squeeze Play

Multiple consecutive bullish price action bars

in a up trend

Each bullish candlestick price action bar’s

body narrowing as it continues to increase



Indecisive (doji) tail candlestick price action

Aggressive entry #1 – Enter on price action

crossing below low of indecisive tail


action crosses below at least one (1) prior

bullish price action candlestick bar

Technical Analysis based stops above

indecisive tail

3 Bar Reversal

Prior Support

Area -Target

Squeeze

1

2

Variation

Entry

Bear Trap

At least two consecutive daily bearish

price action bars in a down trend

The second bearish price action bar is a

“wide range bar” with range above

average range

Price action gaps completely above the

entire prior bars high

Aggressive entry #1 – Enter at the open

of the market

Conservative entry #2 – Wait for intraday

bullish setup


low of topping tail

Technical Analysis

Stop

Multiple Day Move

Gap at Open

1

Wide Range Bar

Entry

Enhanced Bear Trap

Two consecutive daily bearish price

action bars in a up trend



Bearish topping tail candlestick price

action

Aggressive entry #1 – Enter on price

action crossing above body of topping tail

Conservative entry #2 – Use the 30

minute Opening Range intraday strategy

in combination with the Bear trap


low of topping tail

Technical Analysis

Stop

Multiple Day Move

Gap at Open

1

1

2 3

Momentum and Price Action

Entry

Opening Crossover

Price action initially trends intra-day negatively

and then finds support

New higher low established

Price action crosses the current day opening

Higher timeframe in up trend with higher highs

and higher lows


reversal


action retraces and forms intraday higher low

above intraday low area


action crosses the opening and trapping

intraday shorts

Technical Analysis based stops under prior

pivot low area

Prior Resistance

Area -Target

1

2

Open

3

Entry

Monday’s Range

Break Down

Price action initially trends establishing

Monday High and Low Range

Tuesday’s price action crosses below

Monday’s trading range low

Higher timeframe in down trend with lower

highs and lower lows


crossing below Monday Lows


action retraces and forms another lower high

below Monday trading range lows

Technical Analysis based stops above prior

pivot highs areaPrior Support Area -Target

11

Monday High

2Monday Low

Tues Wed

Entry

Fri-Mon

Break Down

Price action initially trends establishing

Friday High and Low Range

The next week, Monday’s price action

crosses below Friday’s trading range low

Higher timeframe in down trend with lower

highs and lower lows


crossing below Friday Lows


action retraces and forms another lower high

below Friday trading range lows


pivot highs areaPrior Support Area -Target

11

Friday High

2Friday Low

Mon Tues

Fibonacci Retracement

Entry

50-62% Hot zone

Multiple bars of consecutive bullish price




Bearish retracement candlestick price action

closes in between 50-62% of prior move

Aggressive entry #1 – Enter on first bullish

price action bar in between 50-62% (i.e.,

"hot zone”)

Conservative entry #2 – Wait for complete

2nd Reversal Pattern in or near hot zone

Enter when price action crosses above prior

bar high area


lowest low in 62% retracement area

50-62%

Prior Resistance

Area -Target

1st Reversal

Pattern

1

2

2nd Reversal

Pattern

Entry

38-50% Buy Crossover

Multiple bars of consecutive bullish price




Bearish retracement candlestick price

action moves down deep into 62% area

Aggressive entry #1 – Enter when on

bullish price action crossing above the

50% retracement and enter

Conservative entry #2 – Wait for price

action to cross above the 38%

retracement and enter


lowest low in 62% retracement area

62%

Prior Resistance

Area -Target

1st Reversal

Pattern

1

2

2nd Reversal

Pattern

Technical Analysis

Entry

Fast Moving Average

Crossover

Price action in down trend with lower highs and

lower lows on higher timeframe

Using a fast 20 MA (simple or exponential) to

gauge the trend

Use a second slower 200 MA (simple or

exponential) to provide weight-of-evidence of

down trending confirmation

Focus on only short entries when declining 20

MA is below declining 200 MA


crossing below 20 MA

Conservative entry #2 – Drop down to lower

timeframe and look for two consecutive closes

below 20 MA


pivot highs area or prior reversal pattern tops

Prior Support Area -Target

1

2

Market Internals

3. Sideways Topping Action

1. Sideways Bottoming Action1. Sideways Bottoming Action

Transition Among Phases

Indicator providessignal Buy ShortSOH SOH

•TRIN

•TICK

•A/D Ratio…

•VIX

•VXN

•TRIN

•TICK

•A/D Ratio…

•VIX

•VXN

Entry

TRIN-TICK Crossover

Price action in up trend with higher highs and

higher lows on higher timeframe

Using a fast 20 MA (simple or exponential) to gauge

the trend

Use a second slower 200 MA (simple or exponential)

to provide weight-of-evidence of up trend with

R20MA > R200MA confirmation

Focus on only long entries when rising 20 MA closes

above rising 200 MA

Aggressive entry #1 – Enter when both TRIN and

TICK are at extremes

Conservative entry #2 – Wait for 2/3 bar reversal in

price action and then in combination with the

extremes of TRIN & TICK enter

Technical Analysis based stops above prior pivot

lows area or prior reversal pattern bottoms

Extended

1 2

+ extreme

- extreme

neutral

TRIN

+ extreme

- extreme

neutral

TICK

Bonus Material

Manage your time & priorities so you focus only on HIGH-QUALITY

trades.

Most traders know WHAT to do, but they never get organized and

disciplined enough to stick to the plan, stay on track, and approach trading

in a systematic and logical manner.

The reason most traders don't have enough quality trades is that they

don't have the PATIENCE to wait for them and end up taking the bad

ones.

As a trader, it's actually your RESPONSIBILITY to figure out how to be

patient and find the quality trades. If you don't, you're doing yourself a

disservice (and losing money at the same time!).

Accept that fact that you need to work on your trading and that it’s

probably going to take longer than you thought to get sufficiently good at

it.

Get FOCUSED, ORGANIZED, and DISCIPLINED in your trading like never

before – and you’ll find that it will REALLY pay off.

Find ways to systematize your trading so you get MORE DONE, while

“doing” less.

Start with a detailed trading plan and SYSTEMATIZE every possible

aspect (i.e., strategies, entries, exits, etc.) of your trading.

Do NOT reinvent the wheel each time you do want to do something.

It's about making your trading more efficient and effective, making it a

PROBLEM-FREE ZONE.

Leverage your time and resources to get it ALL done, including pre-

market preparation, end-of-day chart reviews, and everything in

between.

Put your trading plan on AUTOPILOT, while you watch your trades

generate profits.

Even though you may be on “autopilot”, PAY ATTENTION to the market

and what’s going on to make the necessary adjustments.

You won't believe you ever did anything in your trading without a

system. This alone will change the way you trade FOREVER.

You can create a trading plan, develop strategies, and implement a

system for your trading, but if you don’t take the trade, you're never

going to make money.

The role that your strategies and system play is in qualifying your

trades! Master the process of qualifying your trades, and you're home-

free!

Test , test, and test some more all your plans, strategies, and systems.

Keep the ones that work, and get rid of the rest because once you do

this, they will work for you for years to come. Keep it simple!

Constantly testing will eventually get you to where you will be taking not

only trades, but the quality trades!

Ask any trader how many different strategies they have. I guarantee you

that most use only a handful 90% of the time. They get really good at

just a few, learn how to adjust as needed, and prolong their trading

career.

BELIEVE you can do this!

Some people are raised to work REALLY hard, thinking that it's the only

way to succeed.

The truth is, you can PUT YOUR THOUGHTS AND FEELINGS TO WORK

for you, too!

It's NOT just action and trading that creates your reality! Thoughts

and feelings are equally at play!

You can trade until you're blue in the face, but if you don't believe you

deserve it or that it will work, you’ll never succeed!

With the right intention, commitment, and belief in yourself, YOU CAN

DO ANYTHING (like be successful with trading, make good money, and

have lots of time off).

Believe in yourself, and you will manifest what you want with your

trading.

Eliminate the excuses and behaviors that sabotage your success on a

DAILY basis.

Be aware of inner conflicts buried deep down inside. Like it or not, no one

prevents you from succeeding but you.

Realize that your fears and beliefs actually create self-sabotage. Only then

can you start doing something about them.

Remove fears and negative beliefs to achieve success! If you don't, you will

be in the same place years from now, which is exactly where you don’t want

to be.

Silence the “Critical Voice” that talks so loudly inside your head and beats

you up.

Stop caring about what people think of you!

Take a “No-Excuses Approach” to your success and choose the behaviors

that will ensure you finally become the trader you know you were meant to

be.

Do all of the above, and your trading mindset will NEVER be the same!

scalp trading strategies - amazon s3action+strat… · fast moving average crossover strategy...

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