#200 EMA 15 MINUTE CHART PROFESSIONAL#

Most traders will make more money if they trade with stops. Others will trade with a stop 1 tick below the low of this bar. Some traders, as soon as they see this close near the low of the bar, a second consecutive bear bar, big bar closing near its low, they’ll simply hit “Sell the market” and they’ll get filled around the open of the next bar. And sometimes both bars will be very big bear bars. It can be the second bar like this, but it could also be the first bar. I want to see 2 bear bars, one with a big body closing on or near its low. For me, that’s the minimum that I want to see for a Sell The Close bear trend. Here we have consecutive bear bars, and one of them is a very big bar and it’s closing near its low. They’re all based upon human nature, rational human behavior.

#200 EMA 15 MINUTE CHART PROFESSIONAL#

If you watch television shows with professional traders, like on CNBC or Bloomberg or Fox, they sometimes will show hourly charts, sometimes daily charts, sometimes weekly charts, and sometimes monthly charts, and you don’t hear them say, “Oh, this is a weekly chart and therefore I’m going to trade it differently from how I trade a daily chart.” Everybody trades all charts the same. I’m using a 2-minute chart as an example, but you trade it the same as you would a 5-minute chart, a 60-minute chart, a daily chart, or a weekly chart. If you’re interested in finding some detailed rules about scalping, you can look at the Brooks Trading Course, or you can see the basic rules in the free Scalping Rules video (Part 1 of this series).

I’m using a 2-minute Emini chart as an example. It’s the second part of a series on scalping. Thank you very much for watching this video.

200 ema 15 minute chart