A trader explains scalping strategy: wait for setups where price stays above the Point of Control to signal accumulation, which can trigger quick upward spikes that force other traders to close positions. The Cumulative Volume Delta currently shows building downward momentum, suggesting a sharp reversal may be coming.
Chapters
They say that scalpers don't have patience, but a lot— it's not like swing, but it's a lot of patience to wait for the correct setup. Let's take into account this area. We are not willing to break the Value Area Low, but we are willing to sit above the POC. If we are sitting above the POC consistently, it means that it's an accumulation. It's more probable that we will approach this high, and if we approach this high and we spike up, these traders are forced to close their position. If they are forced to close the position, we experience another catalyst in price that gives us the possibility to be breakeven in 1 minute. So what the Cumulative Volume Delta is saying now is that they are building momentum down, so we can expect what is called a whipsaw, take off the low,