Kardec Trader explains scalping requires patience for the right setup. Watch for price sitting above the Point of Control, a market-profile concept that signals accumulation and often precedes a spike to the high that forces stops and lets scalpers hit break-even in about a minute.
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 break even in one minute.
