Scalping PullBack by Abhi

17. Mai 2020

Setup and hints:

• 
  When price is above the PAC(blue bars) we are only looking to buy as price comes back to the PAC, when price is below the PAC(red bars), we are only looking to sell when price comes back to the PAC
  
  What we’re looking for when price comes back into the PAC we draw mini Trendlines (TL) utilising the Fractals and HH/LL points to guide your TL drawing.
  
  Now look for the trend to pull back and break the drawn mini TL. That's is where we can place the scalp trade.
  
  So we are looking for continuation signals in terms of a strong, momentum driven pullbacks of the PAC EMA(34).
  
  The other EMAs are there to check for other Pullbacks when PAC EMA (34) is broken.
  
  Other than the "SweetSpot Gold RN" indicator, you should not need any other indicator to scalp for pullbacks.
  
  If you want to trade shallower Pullbacks for quicker scalps, try reducing the PAC and EMA combination lengths for example:
  - 21 PAC and 55, 144, 377 for fast, medium, slow EMAs
  - 13 PAC and 34, 89, 233 for fast, medium, slow EMAs
  
  Each alert should be evaluated on it's own merits, the alerts are designed to highlight possible scalping trades from Pullback recoveries around the PAC.