Your Time Now: [MG_JS_CLOCK]
This was a US30 trade taken where we profited 100 Pips in 10 minutes of scalping. We took a Buy Entry at a bearish to bullish trendbreak and bagged $1028 usd.
Lets break down the psychology of this trade:

A) US reached a high of 33985, where it began to encounter selling pressure breaking below previous support levels – bearish downtrend

B) The 5m timeframe eventually found some Support at 33821, where buying volume began to accumulate

C) A short-term Demand Zone was also established at 33800 area

D) At 11:40am EST, the US30 printed a Bullish Engulfing candlestick, closing at our red trendline (A)

E) A small Doji candle opened above our trendline, but we need additional price action confirmation to take a trade

F) A bullish candlestick opened and made a higher low with increasing buying volume. We took a Buy Entry at 33881, where we rode the bullish momentum on the 5/15m timeframes

G) The following 5m candlestick has some initial drawdown but we still held entire position as volume increased where it made a higher low and continued bullish to psychological 34000 level. We took full profits and exited the trade at for 103 Pips and $1028 usd in 10 minutes by analyzing and scalping 5m price action

***It is always important to understand to take partial profits, because price action can reverse in the opposite direction. Secure partial profits, and leave remaining profits with a breakeven stop loss as price action may continue bearish***

Congrats to everyone who banked pips on this Live Trading session and learned during this session

This trade illustrates that trading with the trend can be very profitable once you learn price action, support and resistance and divergence. Scalping can also present opportunities to countertrade the trade but proper risk/account management must be used.

These volatile markets can be very erratic and its always best to use proper risk and account management while trading.

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