TF Scalper

May 8th, 2011

This is a follow up to the TF Turbo Scalper.

Again, we had nice signals on the 400Tick chart. Both long trades were what we consider minor wave trades. Even though they are minor waves there were still 3 points or more of profit opportunity.

All time frames have minor and major waves so the word minor does not mean the wave is small it is just smaller than the major wave. Example; A minor wave on a 60 minute chart might be 35 points but it is still minor when you look at the chart.

We have found that most traders are trading counter trend in the minor wave condition. What that means is the opportunity is already limited because it is counter trend then you add in the fact it is a minor wave and there is a double negative to the trade. Keep this in mind when you feel the urge to try and trade a top or bottom.

You can see from our Turbo Scalper chart the direction is clear by the big average line and then you follow the arrows and the colors of the bars. To filter one step further we use a bigger time frame to add in even more confidence.

Happy Trading,

www.eMiniSchool.com