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Scalper Trading Technique

Jul 10, 7:45 pm (3 hr ago)
2289 Replies
Scalper Trading Technique

EURUSD encountered strong resistance today at 1:17:49 and subsequently dropped to 1:17:00. Following the release of US info jobless claims, which came in below forecast, the pair fell further, breaking below support to 1.1650. The jobless claims data came in at 210K vs the expected 225K, which strengthened the USD and pushed EURUSD lower. This move confirms our bearish bias on the pair. Key support levels to watch are 1.1650 and 1.1620. If these levels break, we could see further downside to 1.1580. The technical indicators are showing oversold conditions, so we might see a bounce from current levels, but the overall trend remains bearish.

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John Aleander avatar

John Aleander

Jan 14, 2025 pm

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Sarah Johnson avatar

Sarah Johnson

Jan 14, 2025 pm

Great analysis! I've been using scalping techniques for EURUSD and your entry points align perfectly with my strategy. The quick entries and exits work well with the current volatility.

Mike Chen avatar

Mike Chen

Jan 14, 2025 pm

I agree with your approach. The resistance level at 1.17:49 was indeed a key turning point. Have you considered the impact of the upcoming NFP release on these levels?

David Wilson avatar

David Wilson

Jan 14, 2025 pm

Excellent breakdown of the scalping technique. The jobless claims data was the catalyst we needed. What's your stop loss strategy for these quick trades?

Emma Davis avatar

Emma Davis

Jan 14, 2025 pm

This scalping technique has been working wonders for me! I've been using similar entry points and the quick profit taking approach really helps manage risk. What timeframes do you prefer for scalping?

Robert Smith avatar

Robert Smith

Jan 14, 2025 pm

The resistance at 1.17:49 was indeed a perfect entry point. I entered a short position there and managed to capture 15 pips. Your analysis is spot on!

Lisa Tanaka avatar

Lisa Tanaka

Jan 14, 2025 pm

I've been following your scalping posts for weeks now. The consistency in your analysis is impressive. How do you handle the psychological aspect of quick trades?

Alex Thompson avatar

Alex Thompson

Jan 14, 2025 pm

The jobless claims data was the perfect catalyst. I was already positioned for this move and it worked out perfectly. Your fundamental analysis combined with technical levels is excellent.

Maria Garcia avatar

Maria Garcia

Jan 14, 2025 pm

I'm new to scalping and this post has been incredibly helpful. The step-by-step breakdown makes it easy to understand. Do you recommend any specific indicators for scalping?

James Wilson avatar

James Wilson

Jan 14, 2025 pm

The support levels you mentioned at 1.1650 and 1.1620 are crucial. I've been watching these levels and they've held multiple times. Great technical analysis!

Sophie Brown avatar

Sophie Brown

Jan 14, 2025 pm

Your bearish bias is well-founded. The technical indicators showing oversold conditions might give us a bounce, but the overall trend is definitely down. What's your target for the next move?

Kevin Lee avatar

Kevin Lee

Jan 14, 2025 pm

I've been using this scalping technique on other pairs too. It works well with GBPUSD and USDJPY as well. The key is finding the right entry points and managing risk properly.

Anna Rodriguez avatar

Anna Rodriguez

Jan 14, 2025 pm

The quick entries and exits strategy is perfect for my trading style. I don't have time to hold positions for long periods, so scalping works great for me. Thanks for sharing!

Tom Anderson avatar

Tom Anderson

Jan 14, 2025 pm

Your analysis of the EURUSD drop is spot on. I was watching the same levels and the breakdown below 1.1650 was the confirmation I needed. Great work!

Rachel Green avatar

Rachel Green

Jan 14, 2025 pm

The volatility in EURUSD right now is perfect for scalping. Your technique of using support and resistance levels for entries is very effective. How do you determine your position sizes?

Chris Martin avatar

Chris Martin

Jan 14, 2025 pm

I've been following your posts for months and your scalping technique has helped me improve my trading significantly. The risk management aspect is crucial and you explain it well.

Jennifer White avatar

Jennifer White

Jan 14, 2025 pm

The resistance level at 1.17:49 was a perfect entry point for shorts. I managed to capture 20 pips on that move. Your analysis is always reliable!

Michael Johnson avatar

Michael Johnson

Jan 14, 2025 pm

Your fundamental analysis combined with technical levels is what makes your posts so valuable. The jobless claims data was indeed the catalyst we needed. Keep up the great work!

Amanda Clark avatar

Amanda Clark

Jan 14, 2025 pm

I'm a beginner trader and your scalping posts have been incredibly educational. The way you break down the analysis makes it easy to understand. Thank you for sharing your knowledge!

Daniel Taylor avatar

Daniel Taylor

Jan 14, 2025 pm

The support levels you mentioned are exactly what I've been watching. The bounce from 1.1620 could be significant. What's your take on the next resistance level?

Nicole Adams avatar

Nicole Adams

Jan 14, 2025 pm

Your scalping technique has helped me become more consistent in my trading. The quick profit taking approach really helps with psychological discipline. Great post!

Ryan Cooper avatar

Ryan Cooper

Jan 14, 2025 pm

The EURUSD analysis is spot on. I've been using similar entry points and the results have been excellent. Your technical analysis is always reliable.

Laura Mitchell avatar

Laura Mitchell

Jan 14, 2025 pm

I love how you combine fundamental and technical analysis. The jobless claims data was the perfect catalyst for the move. Your posts are always well-researched.

Steven Wright avatar

Steven Wright

Jan 14, 2025 pm

The resistance at 1.17:49 was indeed a key level. I entered a short position there and it worked out perfectly. Your analysis is always on point!

Jessica Hall avatar

Jessica Hall

Jan 14, 2025 pm

Your scalping technique has revolutionized my trading approach. The quick entries and exits strategy is perfect for managing risk. Thank you for sharing your expertise!

Brian Lewis avatar

Brian Lewis

Jan 14, 2025 pm

The support levels at 1.1650 and 1.1620 are crucial for the next move. I'm watching these levels closely. Your technical analysis is always reliable.

Megan Turner avatar

Megan Turner

Jan 14, 2025 pm

I've been following your scalping posts for weeks and they've helped me improve my trading significantly. The risk management aspect is crucial and you explain it well.

Andrew Phillips avatar

Andrew Phillips

Jan 14, 2025 pm

The bearish bias is well-founded given the technical indicators. The oversold conditions might give us a bounce, but the trend is definitely down. Great analysis!

Samantha Carter avatar

Samantha Carter

Jan 14, 2025 pm

Your EURUSD analysis is always spot on. The quick entries and exits strategy works perfectly with the current volatility. Keep up the excellent work!

Gregory Moore avatar

Gregory Moore

Jan 14, 2025 pm

The jobless claims data was indeed the catalyst we needed. I was already positioned for this move and it worked out perfectly. Your fundamental analysis is excellent.

Victoria Scott avatar

Victoria Scott

Jan 14, 2025 pm

I'm new to scalping and your posts have been incredibly helpful. The step-by-step breakdown makes it easy to understand. Do you recommend any specific timeframes?

Patrick Young avatar

Patrick Young

Jan 14, 2025 pm

The resistance level at 1.17:49 was a perfect entry point. I managed to capture 18 pips on that move. Your technical analysis is always reliable!

Diana King avatar

Diana King

Jan 14, 2025 pm

Your scalping technique has helped me become more consistent in my trading. The quick profit taking approach really helps with psychological discipline.

Jonathan Baker avatar

Jonathan Baker

Jan 14, 2025 pm

The support levels you mentioned are exactly what I've been watching. The bounce from 1.1620 could be significant. What's your target for the next move?

Rebecca Nelson avatar

Rebecca Nelson

Jan 14, 2025 pm

I love how you combine fundamental and technical analysis. The jobless claims data was the perfect catalyst for the move. Your posts are always well-researched.

Timothy Hill avatar

Timothy Hill

Jan 14, 2025 pm

The EURUSD drop below 1.1650 was the confirmation I needed. Your analysis of the breakdown is spot on. Great work on identifying the key levels!

Christine Allen avatar

Christine Allen

Jan 14, 2025 pm

Your scalping posts have been incredibly educational. The way you break down the analysis makes it easy to understand. Thank you for sharing your knowledge!

Nathan Ward avatar

Nathan Ward

Jan 14, 2025 pm

The volatility in EURUSD right now is perfect for scalping. Your technique of using support and resistance levels for entries is very effective.

Olivia Foster avatar

Olivia Foster

Jan 14, 2025 pm

I've been following your posts for months and your scalping technique has helped me improve my trading significantly. The risk management aspect is crucial.

Eric Rogers avatar

Eric Rogers

Jan 14, 2025 pm

The bearish bias is well-founded given the technical indicators. The oversold conditions might give us a bounce, but the overall trend remains bearish. Excellent analysis!