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.

 

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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

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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

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