Intraday Trading Patterns for Scalping With Lower Probability

Scalping trading technique accounts some secondary and somewhat lower probability patterns. These trading patterns must be paired with other analysis tools, such as momentum from the market maker screen. In this case they may be traded successfully.

Trading Patterns for Scalping
Trading Patterns for Scalping

The „FLASHBACK“ is another morning trade pattern based on a quick reversal. Of course this reversal is done in the direction of a stock's price. In this particular case it quickly fakes one direction, then reverses back the other way to break the current high or low of the day. Just look for the market index to be moving in the same direction the trade is taken for it to be worthwhile. The below picture shows how it sets up for a buy trade:

flashback trading Patterns for Scalping
flashback trading Patterns for Scalping

This pattern could be considered if the overall market index begins moving up significantly and there is enough distance to the high from the breakout to make a valuable profit. In order for the trade to generate money there should be atteast 1 + points from the breakout point to the high of the day. These trades can be good on a day when the market runs down in the morning and then makes a smooth, rounding bottom that subsequently swings back up.

These examples are often strong trade setups that may be taken for a reasonable percentage of success. The most important thing here is to get in early on a strong move that will allow quick and decent scalping profit.