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Thread: Short Term Trading Strategies Using Market Depth
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Old 06-24-2009, 10:10 AM
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Gregory McLeod Gregory McLeod is offline
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Using Market Depth to Confirm Chart support
Quote:
Originally Posted by Xiao View Post
Hi Mcleod, Sir..


Thank you For Your Post, Okay


I got It Sir, but It Could be wonderful If you Post A Chart about My Question ...

Sir I am little confused ..

so thank you I would Like to See your Post Again..


thank you Very Much Mcleod Sir..Attachment 32454
Scalped another 11 pips from the EUR/JPY- I used a 5-minute chart to identify a level of support after a decline. Market Depth showed consistently that Bids were greater than Offers. At the same time, EUR/JPY was making long wicks at support and was unable to get much below the 133.73 area. I decided to get long at 133.79 for a quick 11 pip scalp. See the attached chart:

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