Example Set Ups
Noted below are a few chart examples of the types of trades I look for on an intraday basis. The objective is to show how I look for intraday set ups from the open (Regular Trading Hours open on the Dax) as the price action unfolds in the context of the day.
Example 1: EurUsd - Mon Morning Trade. Look for Friday high to act as Resistance. This is a H1 example where the H1 high close on the Friday was the key. Checking on the lower time frames gave a 3 tap entry at the level as the H1 could not be broken.
Example 2: Eurusd - Intrday PA trade. A set up emerged as an intraday H & S pattern. Patterns have to be taken in context but the price action on the lower time frames usually gives you the chance to make 10 to 20 pips for a scalp trade.
Example 3: Eurusd - A full days Price Action Trading. The chart below shows how I read the pa during the day to frame my scalp trades. Previous day, week highs and lows form the basis of S & R along with intraday S & R as it develops.
Example 4: Dax -An example of daily set ups. The chart below shows how I read the pa during the day to frame my scalp trades on the Dax.