Inter-market relationships, volume(as its going off), and support and resistance. here is a link to some scalping that I did today from 9:50- 10:30(german equity market close) today in the Dax . The video is 7 minutes long but it was sped up and is actually 40 minutes of trading. http://www.youtube.com/watch?v=BtJ2BZ2vCm0 The video quality and demensions are poor( I didn't realize youtube would distort the image) , I will try to fix that and post a whole day next.
Hey, I just wanted to say that scalptrader.com is now a free subscription! I was a paying subscriber for some time now, and as of the beginning of September, it is now free! Good for me because I find their s/r levels to be very useful. And this is good news for anybody who wants effective s/r levels at no cost! Enjoy. -Tech
What is scalptrader.com using to create their s/r levels? I use faster than normal MACD and Stochastic settings for my scalp trading.. I use the Stochastic to set-up my entry and the MACD to confirm the entry. Here is a screen shot of the indicator arrangement I use... http://www.feltontrading.com/screenshots/index.asp My rules are very defined, so my "two indicator" entry method is very cut and dry...I like it simple.
I'm sure this has been said before, but ALL indicators are lagging. I trade off the tape and DOM 98% of the time. It is something that takes time to learn, but once you can read the price action you will never look back.