5 minute charts off OP

November 21, 2014

Yellow  dot is  7 AM  reading

The best  “flags” or continuation patterns  come after Impulse which is  strong enough to push Price  through the Keltners (Purple  bars) and push OSC to new  mo mo highs.  The  excellent volume is what adds to the volatility that creates a  more trad-able scalp.  The objective is simply a retest of the 5 minute  high or low.  Sometimes the market will give you mode,  and sometimes it  will just  fall short of the retest back up or  down.  And sometimes,  as is the case of the Yen,  you never get clean entry or it may  take patience to wait for it to unfold.

 

11-21-2014 10-00-49 AM