5 minute scalping strategy -
- I circled the red area - bar count No. 62
- Strong support - green line - Support and resistance indicator
- Demand box started from No. 62 - three bar with higher volume to purchase
- VWAP - purple line color - Bar count No. 62 - showing the price is below the VWAP - discount zone
- Overnight risk - It is extra concern - interest charge for marginal account
Scalping strategy - Circled red 2 and 3
No. 2 - supply box - strong demand
- Choose No. 2
- Take profit at the band multiplier 2 - Bar count No. 10
- Get back in the demand box - bar count No. 16 or No. 23 - First 23 x 5 minutes - Range - Get more attention from buyers
- No. 3 Fair Value GAP - Crossed up VWAP - 5 minute long signal - EMA 9 crossed up EMA 21 - Confluence of a series of long signals - Strong buy rating
Circle red - 5 min chart
- Confluence - bar count 33 - First uptrend bar after a series of downtrend 5 minutes bar
- It is just above 5 min supply box - never test before - fresh - ATR 5 min - very close to the box
- It is in VWAP band multipler No. 2 - think about support
- Discount zone - Far below VWAP - VWAP should stop going down - Check Heiken Ashi candle chart



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