Yesterday we had the biggest news event of the month. We took a scalping trade in the morning after the London open in EURJPY and then closed the station.

In the afternoon one hour approx after the NFP release the pair gave a superb short signal ,provide a nice retracement for entry in the trigger chart and then produced more than pips potential. GBPJPY provided some range trading with profitable signals followed by retracements as our forex system dictates. As you can notice from the length of the blue box which is the Archimedes indicator provided a lot of volatility.

On the news side the U. Non-Farm Payrolls report blew away estimates, forcing investors to change the probability of a December interest rate hike by the U. Non-Farm Payrolls report for October showed the addition ofjobs, soundly beating estimates of aboutThe unemployment rate ticked lower to 5 percent, marking full-employment. Average hourly earnings increased 9 cents or 0. The stronger-than-expected jobs report drove up U. Treasury yields, triggering steep breaks in the December Treasury Bonds and December Treasury Notes markets.

Both futures contracts reached their lowest levels since late August. The 2-Year Cash market yield reached a high of 0. Higher yields made the U.

Dollar a more attractive investment, forcing foreign currency markets sharply lower across the board. The scalping strategy of the day is a 5 minute Strategy in ninjatrader. It is perfect for ranging conditions. If you spot the ranging period it is a cash machine. This strategy works best in a range-bound market environment characterized by almost flat horizontally aligned Bollinger Bands. Bollinger Bands with default 20,2 settings Preferred time frame s: EUR, US Preferred Currency pairs: Bollinger Bands needs to be almost flat range trading The price touches the lower Bollinger Band.

Set stop loss at 10 pips below the entry price. Close the trade at the upper Bollinger Band. Bollinger Bands needs to be almost flat range trading The price touches the upper Bollinger Band. Set stop loss at 10 pips above the entry price. Close the trade at the lower Bollinger Band. Pound dollar was very calm in Tokyo session. She gave only one signal after the London open with the potential of pips.

This scalping technique works in the one-minute time frame. Euro ans US Sessions Preferred Currency pairs: The MACD indicator must be above the zero line bullish territory. Wait for the Stochastic indicator to go back above 20 from below oversold. The MACD indicator must be below the zero line bearish territory.

Wait for the Stochastic indicator to go back below 80 from above overbought. Today we had some activity in Tokyo session for Pound dollar and news at One hour later I have found a retracement in pound dollar and enter a long scalping trade. GBPJPY had a very narrow activity in Tokyo session and we are waiting a short retracement to enter in for a quick scalping in 1, The price of the USDCAD was rising in sympathy with the USD bid.

However, there was a caveat. Typically, the CAD rises as oil prices rise. What has happened to the USDCAD? Syria will play a major role in oil prices. Heads up for opportunities on this fact.

It has retraced the move higher and tests the lows for the day. Technically, the price fell back below both the hour MA green line in the chart above and hour MA blue line in the chart. It also fell below the broken trend line. That was enough and we have seen an accelerated fall to the 1.

This area yellow area in the chart abovehas been an area of swing highs and swing lows going back to early October. Here is the bonus for today one minute scalping in usdjpy and eurusd template for ninjatrader. London session, US session Currency pairs: It was three difficult days.

The reason was that my biological clock was upset and traded in different times than those I usually trade. I have lost the bullish breakout sleeping and attempted to catch a bounce in resistance in higher time frames in GBPJPY. The breakout was a valid signal with retracement offered pips plus. As you remembered on I was trading in the Tokyo session.

The gbpjpy train passed over me and the cost was pips. Closed the platform for the rest of European session. Late at night in the closing of New York ,I have a short signal and I am attempting to fade the great bullish move. Counter trend trades are very dangerous and new traders must avoid them at all costs. The problem is to find the real breakout or you will be caught in range. As I have predicted on Friday post GBPJPY would break in the next forex scalping music. After the fresh signal I wait for a retracement and retracement came.

I entered in the most safe spot xbox live microsoft points free generator the pair scared me initially because it continued to climb and gave opposite signal. The higher time frame chart- which carries my swing system on it-was in pivotal point. Either it would break the pivotal point and collapse or it will bounce from the pivotal point and resume the bullish trend.

I was undecided what to do, close in breakeven or continue in the trade. Twelve minutes after the London close the pair was still in no mans land giving me pips and I closed everything for the day. Scalping went well today. Initially I have started with a fresh signal in eurjpy.

Is scalping a viable forex trading strategy?

The signal came up some minutes before London open. Ideal forex scalping duration time. Wrong decision since the target I was aiming came in the next one hour. The second trade I took in Pound Dollar and made more than an hour market value of verizon stock shares pay.

EUR shorts 81K vs 68K shorts prior week GBP shorts 18K vs.

EUR shorts increase by 13K JPY shorts move closer to square and near the years smallest net position of JPY positions have not been net positive since Oct 16, week. I had a counter trend signal ten minutes before London open wait for the retracement and entered. The trade went red from the first minutes and gave an opposite signal. While I was in the eurjpy trade I took a long signal in pound dollar and sixty minutes later I got a perfect retracement were I got in long for intraday trade.

This trade hit in the final stage approx 65 pips. The moral of the story today is: The first setup came after pound news in the morning ,industrial production. The pair moved fast zarzadzanie kapitalem na forex south and we took the retracement in the borders of our Tokyo box.

Trailing stop stock market trading classes in pune but unfortunately it dint lasted and hitted in less than thirty minutes. Then the pair made another attempt to break the 50 area and we short it again. It reversed just after we close the trade.

Ideal scalping time is less than ten minutes if a pair sticks in a specific level for a period of an hour or so it will reverse.

Forex scalping Music - Best music for forex scalping,trading ,working,reading

Some people call this pattern 1 2 3 reject. Today I felt like the man going to the casino feeding the slot machine and the time he gets disappointment and forex scalping music his place the next guy hits the jackpot.

This thing happened in the morning with eurjpy and gbpjpy trades. The moment they reversed I was so tired to follow. They gave pips plus. Then in the afternoon I took a long signal in eurjpy waited the retracement. Enter in the trade in correct position.

The third time I closed it to breakeven and saved my stop loss since it dropped 40 pips entering in a range period.

The law of large numbers is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. Because according to the law of large number, results are random in the short run, but will be closer to the expected value in the long run.

Since the law of large number requires a certain number of trades for your edge to play out, how does it impact your trading? You can expect to be profitable in most of the months, or even everyday like Virtu Financial. Day trader — Trading an average of 3 — 5 times a day, you can expect to be profitable in most of the quarters.

But without an edge in the markets, the more trades you put on, leads to blowing up your account even faster. I have attempted a long 15 minutes before London close but the pair reached 9. Then I reverse it and left it open in the Tokyo session achieving the 10 pips target but the third part of the order stop out early in the morning. Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Forex scalping Music Best music for forex scalping,trading ,working,reading Menu Skip to content Home Sample Page. Scalping Journal and strategy template 7 11 Leave a reply. Scalping Journal and strategy template 7 11 Scalping Journal and strategy template follows. In the lower chart you can count 8 trades7 win one stop loss hit.

Strategy Example Trading Rules Buy Rules: Bollinger Bands needs to be almost flat range trading The price touches the lower Bollinger Band Open BUY position. Bollinger Bands needs to be almost flat range trading The price touches the upper Bollinger Band Open SELL position.

Notice how narrow is the Tokyo session. Then BOE made a Super Thursday for bears with the following key points BANK OF ENGLAND KEEPS KEY RATE AT 0. Traders will now keep an eye on that level for resistance. If the price can not get back above this level, the sellers remain in the dominant position.

The low from October 13 at 1. Swing lows from June and the beginning of September come in at 1. I have made a ninjatrader template for a scalping technique to share today.

The Scalping Setup Indicators: Scalping Journal Scalping journal for November 4th follows. EURJPY had an active Tokyo session with range of 58 pips so I will not touch for today. Here is the bonus for today one minute scalping in usdjpy and eurusd template for ninjatrader Chart Setup Indicators: Forex scalping techniques Sept It was three difficult days.

Second attempt 11,30 retracement to short signal until So with patience I was waiting for a signal in the European session today.

Forex Scalping Music - Forex scalping with Cllasical Music

I have wrote everything to video as usual ,enjoy The three pairs I watch every day with trades and remarks on them GBPJPY GBPUSD EURJPY. You may find useful the below information for your trading next week. CFTC commitment of traders released September 11, Our primary target to finish the week in green was achieved again today. The three pairs I watch with remarks and trades on them. I have entered in a ranging pair the eurjpy.

One hour later I paid the error for 20 pips. Few minutes later it reversed and dropped 60 pips down, The moral of the story today is: Another day closed green with nice profit. The title of the video with the trades consistent profitable.

The three pairs I watch gbpusd eurjpy gbpjpy. Trailing stop activated but unfortunately it dint lasted and hitted in less than thirty minutes, Then the pair made another attempt to break the 50 area and we short it again. We managed to remain green today too and that is what matters. Conclusion Ideal scalping time is less than ten minutes if a pair sticks in a specific level for a period of an hour or so it will reverse.

The three pairs we watch everyday and their signals today GBPUSD with our forex scalping trades marked gbpjpy eurjpy. You will not be consistently profitable every week, taking 5 trades a month. The more trades you put on during a shorter period of time, the faster your edge will play out. The pairs I watch every day gbpjpy gbpusd eurjpy. I even forgot to open the mic while I was explaining in the video.

The pairs with remarks on them gbpusd gbpjpy eurjpy. Subscribe to Blog via Email Enter your email address to subscribe to this blog and receive notifications of new posts by email. Proudly powered by WordPress.