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.
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
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.
