Scalping Journal and strategy template 7 11 2015

Scalping Journal and strategy template follows.
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 100 pips potential.


Pound dollar was still under influence from the BOE comments so it didn't produce any fresh signals hust continued the melt down which filled the pockets of  swing traders follwing the signal from super bear Thursday
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.S. Non-Farm Payrolls report blew away estimates, forcing investors to change the probability of a December interest rate hike by the U.S. Federal Reserve from 50% to 70%.
The U.S. Non-Farm Payrolls report for October showed the addition of 271,000 jobs, soundly beating estimates of about 179,000. The unemployment rate ticked lower to 5 percent, marking full-employment. Average hourly earnings increased 9 cents or 0.4%, for an annualized increase of 2.5 percent. This put it slightly above the Fed’s mandated inflation target of 2.0 percent.
The stronger-than-expected jobs report drove up U.S. 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 0.958 percent, its highest level since May 2010.
Higher yields made the U.S. Dollar a more attractive investment, forcing foreign currency markets sharply lower across the board. Sellers also hit the precious metals markets on the news with December Comex Gold futures dropping over $50.00 for the week.

The scalping strategy of the day is a 5 minute Strategy in ninjatrader .It is perfect for ranging conditions.I have removed the middle line in bollinger bands and painted the upper line to red in order to short it and the lower line to  green in order to buy it.If you spot the ranging period it is a cash machine.
In the lower chart you can count 8 trades , 7 win one stop loss hit.

Forex Scalping Strategy With Bollinger Bands
Scalping the GBP/USD and EUR/USD 5 min trading charts with Bollinger Bands. This strategy works best in a range-bound market environment characterized by almost flat horizontally aligned Bollinger Bands.
Scalping Setup
Indicators: Bollinger Bands with default 20,2 settings
Preferred time frame(s): 5 min
Trading sessions: EUR, US
Preferred Currency pairs: GBP/USD, EUR/USD
Download the Forex Scalping Strategy With Bollinger Bands for Ninjatrader.

range scalping.zip
GBP/USD Chart: 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. Set stop loss at 10 pips below the entry price. Close the trade at the upper Bollinger Band.
Sell Rules:
Bollinger Bands needs to be almost flat (range trading)
The price touches the upper Bollinger Band
Open SELL position. Set stop loss at 10 pips above the entry price. Close the trade at the lower Bollinger Band.

 

---

Read More

Scalping techniques and Journal 5 11 2015

Scalping techniques and Journal

Hello traders,
We had some nice trade signials  today.
Pound dollar was very calm in Tokyo session.She gave only one signal after the London open with the potential of 170 pips.
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 0.5%; VOTE 8-1
• BOE SAYS OUTLOOK FOR GLOBAL GROWTH HAS WEAKENED SINCE AUGUST
• BOE FORECAST BASED ON KEY RATE 0.8% IN Q2 2017, 1% IN Q4 2017
• BOE SEES CPI BELOW 1% UNTIL H2 2016, DOWNSIDE RISKS TO OUTLOOK
• BOE SEES DOWNSIDE RISKS TO U.K. FROM EMERGING MARKETS
• BOE CUTS CPI FORECAST TO 1H 2017, SAYS POUND IMPACT TO PERSIST

The GBPUSD has broken below the 50% of the trading range for the year - keeping the sellers in control and the dip buyers/longs nervous.

 

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 1.5199, is the next obvious target to get to and through. Swing lows from June and the beginning of September come in at 1.5188 and 1.5158 respectively.   At the end of Sept/beginning of October the pair moved below these swing lows, but activity was more two-way.  I think the market can "see" the other swing lows as more important targets.  The 61.8% at 1.50849 corresponds with the May low.

GBPUSD super Thursday bear party.

GBPJPY acted similarly following GBPUSD potential for 200 pips.

EURJPY gave a long signal in the London open with potential to 55 pips.

I have made a ninjatrader template for a scalping technique to share today.
Download below:
This scalping technique works in the one-minute time frame. It’s quite simple to understand and is composed of an automatic trendline,  the Stochastic indicator and MACD.
The Scalping Setup
Indicators: Stochastic with settings: (5,3,3) and MACD with settings: (13,26,9)
Preferred time frame(s): 1 min chart
Trading sessions: Euro ans US Sessions
Preferred Currency pairs: Medium to high volatility pairs (EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/JPY,…)
Download
Download the Forex Scalping Strategy With MACD and Stochastic for ninjatrader.
GBP/USD 1 Min Chart Example in ninjatrader

Trading Rules
Long Trade Setup:
The MACD indicator must be above the zero line (bullish territory).
Wait for the Stochastic indicator to go back above 20 from below (oversold).
This is the signal to enter a long position.
Place stop loss 1 pip below the most recent swing low point.
Price objective: Set at 10 pips above the entry point.
Short Trade Setup:
The MACD indicator must be below the zero line (bearish territory).
Wait for the Stochastic indicator to go back below 80 from above (overbought).
This is the signal to enter a short position.
Place stop loss 1 pip above the most recent swing high point.
1inscalpmacdstochtemplate

Read More

Scalping Journal 4 11 2015

Scalping Journal

Scalping journal for November 4th follows.
Today we had some activity in Tokyo session for Pound dollar and news at 11.30 were UK Services PMI (Oct) Actual: 54.9 Survey: 54.5 Prior: 53.3
One hour later I have found a retracement in pound dollar and enter a long scalping trade.


EURJPY had an active Tokyo session with range of 58 pips so I will not touch for today.
Currently 132.43 having held the 132.25 initial support/ demand I highlighted earlier
Offers: 132.80 133.00 133.20 133.50-60 133.75-80 134.00 134.25 134.50
Bids: 132.25 132.00 131.80 131.50 131.30 131.00 130.85 130.50


GBPJPY had a very narrow activity in Tokyo session and we are waiting a short retracement to enter in for a quick scalping in 1,5422.


The price of the USDCAD was rising in sympathy with the USD bid. However, there was a caveat. That was that oil prices were up 2%. Typically, the CAD rises as oil prices rise.
The current price of oil has risen more and currently trades at $47.43, up +2.77%. 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 200 hour MA (green line in the chart above) and 100 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 1.3070-1.3079 area. This area (yellow area in the chart above), has 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


Chart Setup
Indicators: 12 exponential moving average, 26 exponential moving average, 55 simple moving average
Time frame(s): 1 min charts
Trading sessions: London session, US session
Currency pairs: Low spread (EUR/USD, USD/JPY)
Download
Download the 1 Min Easy Forex Scalping Strategy for Ninjatrader.
USD/JPY 1 Min Chart Example

Download from
download template

Read More

Scalping Journal 31 10 2015

Scalping Journal

Scalping Journal entry for October 31, 2015
It 's been a while I haven't posted any updates due to a health problem.Now I am getting on track again.
I have updated also my site switching from xsitepro to wordpress since the old xsitepro sites doesn't pass mobile friendly tests.
In addition mbtrading stop serving forex accounts so we are testing new options now.
Here is the announcement:
On Friday, October 23, 2015, MB Trading stopped directly supporting forex trading. As a result, MB Trading Desktop Pro forex accounts were migrated to the TradeKing ForexTrader platform. MB Trading MetaTrader 4 forex account balances were moved to a new TradeKing Forex MetaTrader 4 server.

The three pairs we are watching follows with analysis for each one.
gbpusd produced two signals.The first one was a loosing one with small stop loss and then the reversed trade would offer us  the chance for a scalping target and a converted intraday trade for approx 100 pips plus.

eurjpy produced thee signals all capable of producing scalping targets ,while the third one had the potential to convert in intraday trade with potential for 60 pips.

gbpjpy was very active in Tokyo session ,produced three signals one loosing and two valid ones.The last one produced the biggest runner for the day with over 180 pips potential.

Read More

Forex scalping techniques 16-17-18 Sept 2015

Forex scalping techniques 16-17-18 Sept 2015

It was three difficult days.The reason was that my biological clock was upset and traded in different times than those I usually trade.

The first trade I took was in 16/9/2015.
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 170 pips plus.As you remembered on 15-9-2015 I was trading in the Tokyo session.
The gbpjpy train passed over me and the cost was -11 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.
First attempt 17-9-2015 till next day at 10,54 European EST  time = -20 pips.
Second attempt 11,30 retracement to short signal until 13.44 =-20
Third attempt double top 30 min after DOW open  till 20.55 = -20
Forth attempt same day 21.30  till 21,38 based on divergence= -20
Total for both pairs - 91 pips

Switching to gbpjpy short in 22.00 till  04,03 next morning . Total +139 pips
139 pips -91 loosing pips=48 pips net for the three days

I didn't trade at all on Friday to relax from the stress of the previous days.Counter trend trades are among forex scalping techniques that are  very dangerous and new traders must avoid at all costs.

Read More

When to close forex trading positions ?

When to close forex trading positions ?

When to close forex trading positions? The most of the times I close open positions around London close.I sleep better at nights.
Rarely as yesterday I had open position during the Tokyo session.
In these cases I close them few minutes before Frankfurt opens.Reversals and stop hunting will follow I don't want to be in.
Yesterday trading was difficult for the three pairs I watch.
GBPUSD produced a nice signal with over 150 pips move south but with no retracement.
EURJPY produced a long signal with retracement but took in demo only.
Finally GBPJPY was ranging all day and since I was waiting for a breakout a took the retracement of a short signal which generated in DOW open.
Trade went bad and lost 25 pips. Left the charts open and found a pivotal point, a third touch in the upper area of the gbpjpy range and took an intraday trade with stable stop approx 20.30 EST European time.
This trade was left open during Tokyo session and produced 48 pips.
We made 23 net pips for 15 of September and closed it 20 minutes before Frankfurt open.

The three pairs we watch every day with remarks and trades

GBPUSD

GBPJPY

EURJPY

Read More

Consolidation and breakout 14 9 2015

Consolidation and breakout 14 9 2015

Consolidation and breakout is one of the most profitable trades you can take  in any financial instrument.
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 session.
So with patience I was waiting for a signal from my forex scalping software in the European session today.
After the fresh signal I wait for a retracement and retracement came.I entered in the most safe spot but the pair scared me initially because it continued to climb and gave opposite signal.
The higher time frame chart- which carries my swing trading 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.Finally after 29 minutes gbpjpy moved fast in +12 pips and close my first scalping target.Since I was waited for a breakout I converted the trade to intraday by canceling the trailing stop ,entering a stable stop in 92 and left the trade with 1/3 of the position to see what it will bring.
I have opened the platform again 30 minutes after the DOW open and the trade was in +101 pips.
I decided to leave it open until London close and keep the strategy wait and  see.
Twelve minutes after the London close the pair was still in no mans land giving me 100 pips and I closed everything for the day.
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

Read More

forex scalping 11 9 2015

forex scalping

forex scalping 11 9 2015

Scalping went well today.Initially I have started with a fresh signal in eurjpy .The signal came up some minutes before London open.

I took the retracement and scalping target in 2/3 of the position  came in three minutes. Ideal forex scalping duration time.

Then the pair moved very slowly in the next hour and a half, lost my patience and close it in +3 pips for the rest of 1/3 position.

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 to pay.Finally we got the scalping target and we left a tiny piece to close with trailing  three and half hours later.

You may find useful the below information for your trading next week.

CFTC commitment of traders released September 11, 2015:
EUR shorts 81K vs 68K shorts prior week
GBP shorts 18K vs. 11K shorts prior week
JPY shorts 7K vs 16K shorts prior week
CAD shorts 49K vs 55K shorts prior week
CHF shorts 7K vs. 8K shorts prior week
AUD shorts 53K vs 56K shorts prior week
NZD shorts 12K vs 8K shorts prior week
The data is from the close of business on September 8, 2015
EUR shorts increase by 13K
JPY shorts move closer to square and near the years smallest net position of -5.4K. JPY positions have not been net positive since Oct 16, 2012 week.
Our primary target to finish the week in green was achieved again today.

I gave the title to the video  consistent profitability.

 https://www.youtube.com/watch?v=WLFv6qBUEco

The three pairs I watch with remarks and trades on them.

GBPUSD

 

EURJPY

 

GBPJPY

Read More

forex scalping 10 9 2015 consistent profitable

forex scalping 10 9 2015

Scalping didn't started well today.
I have entered in a ranging pair the eurjpy.
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.I had a chance to close in breakeven but I haven;t got a new resistance or support in the trigger chart so I didn't close.
One hour later I paid the error for 20 pips.
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. I close initially 2/3 of the position but while I saw how it was approaching a resistance in the higher 2 hour time frame I  close it all.
Few minutes later it reversed and dropped 60 pips down,
The moral of the story today is: 1. close to breakeven when you have the chance and 2.  don't be greedy.
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

,

http://forexraiders.com

Read More

forex scalping 9 9 2015

forex scalping 9 9 2015

We had two successful forex scalping today in Pound dollar.

The first setup came after pound news in the morning ,industrial production.

The pair moved fast to south and we took the retracement in the borders of our Tokyo box.

The first scalping target came in three  minutes which is the ideal scalping time.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.

This scalping took over one  hour and we close it with just 5 plus pips. It reversed just after we close the trade.

The other two pairs we watch didn't gave descent setups and signal in the European morning with retracements.

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.Some people call this pattern 1 2 3 reject.

 The three pairs we watch everyday and their signals today

GBPUSD with our forex scalping trades marked

gbpjpy

eurjpy

http://forexraiders.com

http://forexsharing.com

Read More

forex scalping 8 9 2015

forex scalping 8 9 2015

forex scalping is not easy.
Today I felt like the man going to the casino feeding the slot machine and the time he gets disappointment and leaves 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 100 pips plus.
In the European morning I have took a  wrong short trade in gbpusd and I sweat to close it to breakeven.
Then in the afternoon I took a long signal in eurjpy waited the retracement. Enter in the trade in correct position . Then the pair  three times it almost touched  the first target of 10 pips with 9.5 pips and dropped.
The third time I closed it to breakeven and saved my stop loss since it dropped 40 pips entering in a range period.
So I gave up for the day at least I didn't ended red and wrote a part in the video about consistent profitability.
the Law of large number and how it impacts your trading
Before anything else, you must understand the law of large number.
what’s that?
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. – Probability Theory
For a trader, this means you need a large number of trades for your edge to play out.
You will not be consistently profitable every week, taking 5 trades a month.
Why?
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.
Focus on whether what you are doing is right, not on the random nature of any single trade’s outcome. – Richard Dennis
What is consistency?
Since the law of large number requires a certain number of trades for your edge to play out, how does it impact your trading?
forex scalping – Trading at very high frequency, like 10,000 trades a month. 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.
Swing/position trader – Trading an average of 5 – 15 times a month, you can expect to be profitable in most of the years.
The more trades you put on during a shorter period of time, the faster your edge will play out.
But without an edge in the markets, the more trades you put on, leads to blowing up your account even faster.

The pairs I watch every day

gbpjpy

 

gbpusd

 

eurjpy

1. http://forexraiders.com

Read More

forex scalping 7 9 2015

forex scalping 7 9 2015

forex scalping yesterday brought very poor results in an extremely slow market.
Initially in the London open I have lost an entry to a valid signal to gbpjpy by two pips since my limit order didn't trigger and the pair produced a very nice  run (....pips)
Late in the US session I gave a short order in the pair which I left it open during the Tokyo session but I have close it with +5 pips early in the morning while I saw it reversing.
gbpusd gave the signal very early in the morning so I dint touch it.
eurjpy produced one of the slowest sessions I have ever seen.
I have attempted a long 15 minutes before London close but the pair reached 9.5 pips in four hours of trading without hitting my scalping target and reversed so I closed it by loosing five pips.
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.
I even forgot to open the mic while I was explaining in the video.Sorry for this.

The pairs with remarks on them
gbpusd

gbpjpy

eurjpy

http://forexsharing.com/
http://forexraiders.com/

Read More

forex scalping software in-dependable

forex scalping software in-dependable

forex scalping software with in-dependable  feed from broker.This is the third part of seven steps in forex scalping success.forex scalping demands to know your tools of the trade.
A professional trading platform in-dependable from the broker you have your account and separate market feed ensures that, what you see in your charts is correct and precise.
The problem is that software costs and feed is in a monthly subscription basis.
That means that the above combination is not suggested for newbie traders with small accounts.
Of course that doesn't mean you can't try them in demo or trial accounts and have in your mind what is out there to help you, if you succeed in your first steps and you decide to do professional trading for a living.
A lot of software applications are available from brokerage firms and independent vendors claiming varied functions to assist traders. The deciding factor to select the right product should be based on the product functionality best fitting one’s trading needs. Novice traders who are entering the trading world can select software applications that have a good reputation with required basic functionality at a nominal cost, while experienced traders can explore individual products selectively to meet their more specific criteria.
Most brokerage firms today offer free or premium trading software applications to individual clients when they open a brokerage account. The bundled software applications, offering a wide variety of trade, research, and analysis functions, are used as a prominent sales-pitch to the trader client. They also boast features like in-built technical indicators, fundamental analysis numbers, integrated applications for trade automation, news, and alert features. We will examine some of the most widely used, based on features
I included in the list software for stocks also.
Sorry for my English I am trying to improve by use them daily.
See the video below

My trading room setup one main pc with two 22'' screens networked with an auxiliary (clone of the main) notebook  all controlled by one wired  mouse and one keyboard with Synergy. Preferred platform  ninjatrader connected with one of the suggested ECN brokers



http://www.kodikos.com/
http://forexraiders.com/

Read More

forex scalping 4 9 2015,the crocodile pays again

forex scalping 4 9 2015,the crocodile pays again

Hello traders,
Forex scalping didn't start well in the morning.
Pound dollar and pound yen had a party last night in the Tokyo session with no fresh signals.
Euro yen had a party last night after deploying a bear flag but had a fresh signal and a divergence pointing up.So I took the trade with the usual stop of 20 pips.
As you know in trading nothing works 100% of the time, so trade went sour and our stop loss is hit.
Since it was NFP day I knew it will produce weird and choppy trading so I closed the platform and I was looking for a chance after the release to take back what the market charged me for the morning counter trend trade.
Approx one and half hour after DOW open I have spotted a very tide range in gbpjpy with repetitive short and long signals in my main chart.
I spotted a fakey breakout upside and the moment the pair reversed and broke the opposite support I enter in the trade with tide stop loss.
I took the cream of the trade with the momentum hitting approx 50 pips took my losses back and some nice profit.
Everything is written in the video and trades are on the pictures with remarks.
Have a nice weekend.

https://www.youtube.com/watch?v=bXXCd3yDqEU

The main chart of eurjpy

The trigger and main chart of gbpjpy


The main chart of gbpusd






http://forexraiders.com forex scalping with competitive edge for more information about Northern Lights smoothed 2015 edition  check http://forexraiders.com For daily journal check the blog http://forexraiders.com/blog or the forum in http://forexab.com/forex-scalping-trading-journal/

Read More

forex scalping intraday trading 3 9 2015

forex scalping intraday trading 3 9 2015

The day was difficult initially because the two first trades hit stop loss.
GBPUSD and GBPJPY had volatility during the night and they didn't produced  fresh signals in the London open.In addition we had pound news.
EURJPY on the contrary had a very narrow range during Tokyo and ranging for long hours.
The pair produced a fresh signal a few minutes before London open so I waited carefully for a retracement.
The retracement came and I enter the short trade.The minutes was passing and the pattern I call crocodile formed the bollingers in the trigger chart contracted and inner support and resistances formed .
The breakout was eminent and it would be a large one after so many hours of ranging.
The pair violated the resistance to the upside and due to high probability of breakout I went long to the fresh long signal loosing 5 pips in the first trade  .I was taking also a counter trend trade to my higher time frame chart.Some minutes passed and the momentum wasn't there.The pair started to fall slowly ,the pair pierced the support inside the range again and decided to try for third and last time short again .The procedure of the three trades took approx one and half hour.
Placed the stop loss ten pips above and closed the platform .
I have checked again in London close to find 162 pips in my intraday trade.Finally closed 158.
Thursday have statistically very good intraday trades and they are consider from the trending days of the week.

eurjpy trigger and main chart with marked trades on them and remarks

Main chart eurjpy


The other to pairs I watch daily gbpusd and gbpjpy

Read More

forex scalping -Archimedes breakout 2 9 2015

Hello Traders,
Today the market was choppy and was lucking momentum.
We took two scalps.One in gbpusd during the European session approx 100 minutes after London open and one in the American session in eurjpy approx 45 minutes after DOW open.
In the first trade gbpusd gave as the most appropriate conditions since it moved in a very narrow range during Tokyo and gave us a signal after London open.
We wait with patience the retracement breath I like to call it and we entered in the trade.
The entry wasn't ideal but the pair gave us the scalping target after approx 20 minutes.Then the trailing begun and  in a point we saw 25 + pips .After this we saw a support forming ,an opposite signal in the midle trigger chart and we wisely decided to take all the traing profit and get out.As you see in the chart below we did wqell because the pair reversed.
We didn't touch eurjpy and gbpjpy in the European session since both of them moved in wide ranges during Tokyo.Approx 150 pips for gbpjpy 100 pips for eurjpy.
Then in the American session eurjpy broke the Tokyo range (Archimedes breakout)entered in a small retracement of 10 pips from the brake and took the forex scalping target as you see in the pictures for the two thirds of the position.
Left the rest on trailing but while the trailing stop reached the entry point eurjpy retraced and hit the stop loss.
So with these two trades we secured our primary target to remain consistent profitable one more day.
The first trade is writen on video were I explain what I call  Archimedes breakout (Tokyo range breakout) and the second is in pictures below.

The eurjpy trade. The entry


The hit of the scalping target



The trailing stop is hit


Our gbpusd trade


The gbpjpy today was the pair to avoid

Read More