Scalping indices in rangebound markets – not for everyone!
In tight markets it’s can sometimes pay to move to the faster timeframes to dig out the trading opportunities, and this was certainly the case yesterday in the US indices, as the primary markets approach new high ground. Yesterday’s index trading session was a classic with the YM Emini and the NQ Emini both trading in a relatively narrow range throughout the session. Moving to the 15-second chart alongside the ‘relatively slow’ timeframes of 5m and 15m then helped to reveal intraday scalping opportunities. But this approach is not for everyone, and for some, sitting on the sidelines and waiting for more developed price action may be the better option. Some traders are comfortable taking many trades a day, others are not. It’s simply a case of finding out what suits your trading personality and approach.
Trading at such speed requires a clear methodology which is what volume price analysis delivers and supported by the Quantum Trading tools and indicators.
Source: https://www.annacoulling.com/stock-trader-tips/scalping-indices-in-rangebound-markets-not-for-everyone/
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