Aurix Exchange

Daily forex Scalping

forexabcom

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London open forex scalping 24 7 2015

London open forex scalping 24 7 2015

[h=2]London open forex scalping[/h]

Goodmorning all,Yesterday I had lost the trading day due to appointments and we had a very nice signals in gbpusd and in gbpjpy.

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Took a small trade in gbpjpy today but it closed in breakeven because an opposite signal appeared.

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London is open and we took the first scalp in eurjpy.First two parts of the order was hit in +10 and the rest is trailingThe entries are manual and the handling is automatic from ninjatrader.

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Trailing eurjpy +28


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50 pips target achieved, I will close the order in the 50 area.

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The above method can be used with one chart only per pair outside news announcements.The chart is not a time based chart.Settings,templates,work spaces are delivered in the one to one arranged meeting.I believe that this must be the simplest method to make consistent money in the forex market.
The entries do not repaint
It is delivered personally orally one to one through teamviewer, skype and is licensed through ninjatrader life time.Trading room setup is included to ensure that you will not build on sand jeopardizing live money.If you have any questions you can send me a personal message.Have a nice weekendBasil
 

forexabcom

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High probability setups 27 7 2015

High probability setups 27 7 2015

[h=2]High probability setups[/h]With Northern Lights Smoothed we have the abilty to catch high probabilty setups in London open and in high volatilty pairs with low spread.I am pasting the dialogue from our inner trading room and the live signal we gave for gbpusd[10:40:14] Basil-kodikos says: posible short scalp in gu[10:40:47] Basil-kodikos says: with the new NL smoothed charts[10:52:42] Basil-kodikos says: Signals don't repaint in the new method, you need only one chart to monitor[10:56:51] Basil-kodikos says: target 10 pips for two parts achieved now we are trailing the third part[10:58:54] Basil-kodikos says: Entry of the third part and spread are covered[11:00:27] Basil-kodikos says: third part closed +2[11:00:45] Basil-kodikos says: waiting for new signal now
 

forexabcom

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High probability setups London open - New York 27 7 2015

High probability setups London open - New York 27 7 2015

[h=2]High probability setups London open - New York[/h]I have the whole dialogs for today scalping through the ranging London open to New York to saw you how I handle the ranging conditions and how I am handling the trending conditions.We continue from were we stopped in the live trading room with hours of entering the limit orders conditions and detailed charts[11:25:57] Basil-kodikos says: new signal in gj and the limit order[11:25:59] Basil-kodikos says:



[11:28:14] Basil-kodikos says: this is counter trend trade with increased risk[11:33:19] Basil-kodikos says: placing limit orders give you the time to schedule your trade with minimized risk[11:35:40] Basil-kodikos says:



new possible trade long limit order in 15[11:35:49] Basil-kodikos says: signal in 25[11:43:23] Basil-kodikos says: I have missed gj so I am cancelling the limit order limit in 191,34 price 191,72 gu limit order still valid 1,5115 price in 1,5526[12:18:00] Basil-kodikos says: limit order long gu is valid and entered[12:22:03] Basil-kodikos says:



[12:44:25] Basil-kodikos says: opposite signal appeared closing at be[12:44:27] Basil-kodikos says:



[12:44:32] Basil-kodikos says: entry short now[12:46:04] Basil-kodikos says: new short entry in ranging gu this is the way we handle ranging conditions[12:46:06] Basil-kodikos says:

[13:23:53]

Basil-kodikos says: Closed at break even again plus spread  because opposite signal long appeared again.We are long again, GBPUSD result this morning with all these breakeven trades and one profitable scalp in ranging conditions.



[13:41:58] Basil-kodikos says: ready to hit the first target

[13:49:53]

Basil-kodikos says: first target in 1,5521 hit we have covered our entry and we are trailing now



[13:50:37] Basil-kodikos says: we need a large move to finish this or an opposite signal[13:58:09] Basil-kodikos says: third part stopped at breakeven now i am flat[15:15:55] Basil-kodikos says: after all these hours of ranging we are accepting the large move of the day in New york open[15:16:08] Basil-kodikos says: a triangle is formed[15:30:09] Basil-kodikos says: new trade hit the scalping target[15:31:40] Basil-kodikos says:



[17:03:05] Basil-kodikos says: still on the trade and trailing 53 pips for now[17:22:26] Basil-kodikos says:



75 pips and trailingSo as you see the system goes well in ranging conditions scalping the small moves and then stops in breakeven.In the great moves it scalps the first high probability pips and then trails the momentum.You must focus on it is boring but pays well.More details in forexraiders.com/blog
 

forexabcom

Member
forex scalping Frankfurt ,London open till pound news 28 7 2015

forex scalping Frankfurt ,London open till pound news 28 7 2015

[h=2]forex scalping Frankfurt ,London open till pound news[/h]




Good morning everyone,Today I have recorded in video all the morning European session since Frankfurt opening and the first

forex scalping signal in GBPUSD till 10 min before the gbpusd news were I have closed all orders.

possible short trade in gbpusd[09:21:34] Basil-kodikos says:



[09:49:57] Basil-kodikos says: limit order to sell eurjpy in 136.74[09:50:31] Basil-kodikos says: 11 minutes to London open[09:51:11] Basil-kodikos says: first 10 pips in gbpusd closed[09:51:19] Basil-kodikos says: eurjpy order filled[09:53:18] Basil-kodikos says: gbpusd is trailing now[09:58:15] Basil-kodikos says: target filled in eurjpy eurjpy trails now[10:00:09] Basil-kodikos says: London open[10:03:54] Basil-kodikos says: eurjpy trailing closed nice scalping profit[10:10:51] Basil-kodikos says: gbpjpy gave signal in 193,20 limit order short in 192,37[10:26:29] Basil-kodikos says: news in gbpusd 11.30[10:36:06] Basil-kodikos says: gbpjpy 6 pips from limit order



[10:55:40] Basil-kodikos says: cancelled the gbpjpy because it moved far away and we are approaching news time for pound[10:56:05] Basil-kodikos says: gbpusd still trails the morning forex scalp +32 for now[10:56:56] Basil-kodikos says: eurjpy formed a triangle 7 pips distance from limit order[10:58:06] Basil-kodikos says: increased the size of eurjpy order since I cancelled gbpjpy limit order[10:59:37] Basil-kodikos says: one hour after Londo o0pen 30 minutes to gbpusd news closing all orders in 15 minutes[11:01:32] Basil-kodikos says: +41 the trailing for pound now[11:16:33] Basil-kodikos says:
[11:16:44] Basil-kodikos says:


[11:19:03] Basil-kodikos says: closing +41 pips


My skype username is basil.kodikos in case you want to ask something about the setup.
 

forexabcom

Member
Forex scalping London -New York 29 7 2015

Forex scalping London -New York 29 7 2015

[h=2]Forex scalping London -New York[/h]Hello,
Today is an especially difficult day since we have FOMC.
Statistically these days are ranging and difficult to predict direction since everyone is waiting the FOMC to take direction.
We are starting early in the morning 30 minutes after Frankfurt open and we continue to scalp until London noon and then again in the New York open to see how we handle a difficult day.
Video with the European session

kalimera everyone possible scalps in gbpusd, eurjpy gbpjpy waiting for the best retracement
[09:34:09] Basil-kodikos says: all shorts
[09:42:30] Basil-kodikos says: 192,83 entered in gbpjpy
[09:45:50] Basil-kodikos says:
main and auxiliary chart

[09:52:35] Basil-kodikos says: gbpjpy produced opposite signal I must get out in breakeven
[09:54:05] Basil-kodikos says:

[10:04:05] Basil-kodikos says: entered short in ej with reduced position
[10:15:58] Basil-kodikos says: closed gbpjpy in breakeven and reversed long position now
[10:22:39] Basil-kodikos says: price action is choppy and ranging
[10:30:36] Basil-kodikos says: gbp news in 60 minutes
[10:37:19] Basil-kodikos says: gu goes south gj try to go north
[10:41:21] Basil-kodikos says: hitting the first 10 pip target in gbpjpy
[10:41:23] Basil-kodikos says:

[10:42:01] Basil-kodikos says: there is a falling trend line in gj it must break in order to go further north
[10:53:43] Basil-kodikos says: gj broke the trend line we are trailing now +12
[11:11:17] Basil-kodikos says: gbpjpy stopped out
[11:22:05] Basil-kodikos says: opposite signal formed in eurjpy setting stop loss in breakeven
[11:41:59] Basil-kodikos says: stop loss hit in eurjpy
[11:48:08] makis says: possible long ej tp1=136.92 r1&yhigh
[11:57:17] Basil-kodikos says: yep eurjpy is long now but i think it will retrace first to 55 area
[11:57:36] Basil-kodikos says: also there is a falling trendline in this
[12:02:36] makis says: Yes, sloss < 135.5
[14:05:42] Basil-kodikos says: entered long in eurjpy in retracement 136,68
[15:39:27] Basil-kodikos says: closing at breakeven +2 since opposite signal formed I have average the position to go green in this
[15:41:15] Basil-kodikos says:

[15:46:35] Basil-kodikos says: shorted is 65 to go along with the short signal
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[15:56:43] Basil-kodikos says: eurjpy consolidating preparing to move in the New York open ,it didn't move for the day producing three ranging signals we are on the third short one
[16:12:21] Basil-kodikos says: closing scalping target
[16:13:45] Basil-kodikos says:

[16:20:11] Basil-kodikos says: eurjpy is breaking 50 trailing is +17
[16:20:42] Basil-kodikos says: today is a difficult day statistically FOMC days are ranging and difficult for
[16:35:32] Basil-kodikos says: moved trailing stop one pip to be above the micro resistance in auxiliary micro chart
[16:37:09] Basil-kodikos says: formed support in 136,45
trailing in eurjpy stopped out +5
[17:47:11] Basil-kodikos says:
Stopping for today ,have a nice evening
My skype username is basil.kodikos in case you want to ask something about the
My email is admin(at)forexraiders.com
 

forexabcom

Member
Forex scalping in the London open 30 7 2015

Forex scalping in the London open 30 7 2015

[h=2]Forex scalping in the London open[/h]Markets was slow and choppy today but we managed to take our daily bread and butter in gbpusd



kalimera everyone no signals this morning market is slow[10:36:44] Basil-kodikos says: long signal in pound limit order 1,5600 buy[11:11:41] Basil-kodikos says: entered 1,5603 in gbpusd[11:24:51] Basil-kodikos says:



first target hit[11:28:02] makis says: (cash)  but a little dangerous , market is too choppy like yesterday .I think most traders went to the beach....[11:28:42] Basil-kodikos says: follwing signals maki -10-15 pips nothing more[11:29:36] Basil-kodikos says: always in trend pointing the chart nothing more[11:30:00] Basil-kodikos says: boring but effective[11:30:37] makis says: yes it seems that works![11:31:22] Basil-kodikos says: now entry is covered free trade just wait were the order will stop[11:31:50] Basil-kodikos says: no guessing were i must close let ninjatrader to do the work sentiment out[11:32:56] Basil-kodikos says: only some times were i see support and resistance formed in auxiliary chart I put trailing on the support or resistance to avoid stop out by a pip or tweo no more tweaking[11:33:12] makis says: when the signal is formed price was at 1,5610 , limit order long -10 pips (with spread) 1,56?[11:34:10] Basil-kodikos says: yes entered in 1.5603[11:34:43] makis says: if we set limit buy 10 pips less maybe order will not execute....    or  your  entry was market?[11:35:50] Basil-kodikos says: yes it may not execute but you are safe better safe than sorry[11:36:22] makis says: (y)[11:36:58] Basil-kodikos says: the tokyo session was narrow it has the characteristics of consolidation and breakout for many pips equal to the ranging length now we are +15[11:37:25] Basil-kodikos says: tokyo session 23 pips[11:38:33] Basil-kodikos says: trailing will offer good pips as long as we have momentum if it starts ranging the trade smells[11:38:34] makis says: (y)[11:39:03] makis says: bad smell![11:39:22] Basil-kodikos says: yep[11:42:01] Basil-kodikos says: entered the trailing 1,5611 under 2 resistances if it moves under 11 we close the trade , because some people will short the median line ema 50 , lets see if bulls will prevail over bears[11:44:44] Basil-kodikos says:



[11:46:49] Basil-kodikos says: stop filled +4 pips for the trail
 

forexabcom

Member
forex scalping 30 7 2015

forex scalping 30 7 2015

[h=2]forex scalping the New York open[/h]

New York open was volatile today.We caught the gbpusd move south in attempt to hit 1,5600



Hitting the first 10 pips



closing everything at 16,00 GMT


Left some pips on the table but better safe than sorry.Have a nice evening
 

forexabcom

Member
forex scalping 31 7 2015

forex scalping 31 7 2015

[h=2]forex scalping on Friday 31 7 2015[/h]Today was a loosing dayOne of the profitable trades I made in the videohttps://www.youtube.com/watch?v=Hin88YY9ECsThe  journal follows and in the end I am explaining the mistakes I made in order not to repeat thempossible long signal forming in gbpusd[7/31/2015 09:56:35] Basil-kodikos says: 1,5589 entered[7/31/2015 09:56:48] Basil-kodikos says: sl 1,5569[7/31/2015 10:01:22] Basil-kodikos says: opposite signal formed are we entering ranging environment?[7/31/2015 10:05:19] Basil-kodikos says: [7/31/2015 10:06:26] Basil-kodikos says: we will take all profit between 1,5590 -1,5600 in order to reverse in the resistance formed in aux chart[7/31/2015 10:17:46] Basil-kodikos says: first trade hit stop loss[7/31/2015 10:24:31] Basil-kodikos says: I had a short window to close in breakeven and reverse and didnt do it, thought it will touch 1.5600 but the bearish momentum was very strong in the London open[7/31/2015 10:24:55] Basil-kodikos says: looking to take a long entry in eurjpy[7/31/2015 10:25:13] Basil-kodikos says: 135,85 area[7/31/2015 10:45:33] Basil-kodikos says: opposite signal formed in eurjpy looking to get out in breakeven[7/31/2015 11:02:45] Basil-kodikos says: [7/31/2015 11:03:31] Basil-kodikos says: closed at be[7/31/2015 11:08:53] Basil-kodikos says: waiting for resistance to form in order to justify a short now in ej[7/31/2015 11:19:56] Basil-kodikos says: resistance formed in 90  in aux chart [7/31/2015 11:23:24] Basil-kodikos says: I have very small stop loss in this if it goes above 90 4 pips i must get out cause i have doubled the quantity and because it will give long signal we are exactly in equilibrium medium line in the upper bollinger band[7/31/2015 11:26:11] Basil-kodikos says: 1 2 3rejection or stop loss quickly it is the third time it hits 90[7/31/2015 12:33:53] Basil-kodikos says: stop loss hit in eurjpy entered new trade in gbpusd retracement in 1,5570[7/31/2015 13:12:58] Basil-kodikos says: trailing stop in gbpusd hit entered long in gbpjpy ,eurjpy flies up north[7/31/2015 13:13:10] Basil-kodikos says: 193,40[7/31/2015 13:24:35] Basil-kodikos says: the divergence in gbpjpy helps +10,5[7/31/2015 13:26:06] Basil-kodikos says: I am leaving this to run a bit gbpjpy was consolidating since 11,00-2,5 hours so according to this volatile pair 20 pips must come relatively easy[7/31/2015 13:26:39] Basil-kodikos says: taking some of the morning losses back[7/31/2015 13:29:05] Basil-kodikos says: [7/31/2015 15:25:19] Basil-kodikos says: gbpjpy is consolidating I have secured the trade and I leave it through 15.30 news [7/31/2015 15:30:29] Basil-kodikos says: stop loss hitThe three mistakes a made1.In the first GBPUSD trade an opposite signal was made and instead of closing in the breakeven and reversing because of greed I was hopping to hit the 1,56-- to earn 5-10 pips and lost the great short ,taking the loss of 20 pips2, In the eurjpy I had a position in the equilibrium and while I said in chat room that my stop loss was 3 pips I have left the trade to hit 20 pips stop loss and lost the great eurjpy move of 100 plus pips.3, In the third trade of gbpjpy I had breakeven all losses and I was 150$ in profit and left it through American news with result to loose all profits.Totally irresponsible behavior by me in the end of the month.Have a good month all of you and good profits.
 

forexabcom

Member
forex scalping on Friday 31 7 2015

Today was a loosing day

One of the profitable trades I made in the video


The journal follows and in the end I am explaining the mistakes I made in order not to repeat them

possible long signal forming in gbpusd
[7/31/2015 09:56:35] Basil-kodikos says: 1,5589 entered
[7/31/2015 09:56:48] Basil-kodikos says: sl 1,5569
[7/31/2015 10:01:22] Basil-kodikos says: opposite signal formed are we entering ranging environment?
[7/31/2015 10:05:19] Basil-kodikos says:

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[7/31/2015 10:06:26] Basil-kodikos says: we will take all profit between 1,5590 -1,5600 in order to reverse in the resistance formed in aux chart
[7/31/2015 10:17:46] Basil-kodikos says: first trade hit stop loss
[7/31/2015 10:24:31] Basil-kodikos says: I had a short window to close in breakeven and reverse and didnt do it, thought it will touch 1.5600 but the bearish momentum was very strong in the London open
[7/31/2015 10:24:55] Basil-kodikos says: looking to take a long entry in eurjpy
[7/31/2015 10:25:13] Basil-kodikos says: 135,85 area
[7/31/2015 10:45:33] Basil-kodikos says: opposite signal formed in eurjpy looking to get out in breakeven
[7/31/2015 11:02:45] Basil-kodikos says:

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[7/31/2015 11:03:31] Basil-kodikos says: closed at be
[7/31/2015 11:08:53] Basil-kodikos says: waiting for resistance to form in order to justify a short now in ej
[7/31/2015 11:19:56] Basil-kodikos says: resistance formed in 90 in aux chart

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[7/31/2015 11:23:24] Basil-kodikos says: I have very small stop loss in this if it goes above 90 4 pips i must get out cause i have doubled the quantity and because it will give long signal we are exactly in equilibrium medium line in the upper bollinger band
[7/31/2015 11:26:11] Basil-kodikos says: 1 2 3rejection or stop loss quickly it is the third time it hits 90
[7/31/2015 12:33:53] Basil-kodikos says: stop loss hit in eurjpy entered new trade in gbpusd retracement in 1,5570
[7/31/2015 13:12:58] Basil-kodikos says: trailing stop in gbpusd hit entered long in gbpjpy ,eurjpy flies up north
[7/31/2015 13:13:10] Basil-kodikos says: 193,40
[7/31/2015 13:24:35] Basil-kodikos says: the divergence in gbpjpy helps +10,5
[7/31/2015 13:26:06] Basil-kodikos says: I am leaving this to run a bit gbpjpy was consolidating since 11,00-2,5 hours so according to this volatile pair 20 pips must come relatively easy
[7/31/2015 13:26:39] Basil-kodikos says: taking some of the morning losses back
[7/31/2015 13:29:05] Basil-kodikos says:

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[7/31/2015 15:25:19] Basil-kodikos says: gbpjpy is consolidating I have secured the trade and I leave it through 15.30 news

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[7/31/2015 15:30:29] Basil-kodikos says: stop loss hit

The three mistakes a made

1.In the first GBPUSD trade an opposite signal was made and instead of closing in the breakeven and reversing because of greed I was hopping to hit the 1,56-- to earn 5-10 pips and lost the great short ,taking the loss of 20 pips

2, In the eurjpy I had a position in the equilibrium and while I said in chat room that my stop loss was 3 pips I have left the trade to hit 20 pips stop loss and lost the great eurjpy move of 100 plus pips.

3, In the third trade of gbpjpy I had breakeven all losses and I was 150$ in profit and left it through American news with result to loose all profits.

Totally irresponsible behavior by me in the end of the month.

Have a good month all of you and good profits.
 

forexabcom

Member
forex scalping 3 8 2015

forex scalping 3 8 2015

[h=2]forex scalping 3 8 2015[/h]




kalimera everyone, waiting for proper entry long in eurjpy[10:43:06] Basil-kodikos says: all daily charts gbpusd gbbjpy eurjpy are long[10:44:18] Basil-kodikos says: Monday has the tradition of ranging so it is posible to see short signals too[10:58:55] Basil-kodikos says: I am buying the equilibrium in 136,17[10:59:02] Basil-kodikos says: eurjpy[11:00:05] Basil-kodikos says:



[11:05:14] Basil-kodikos says: out -2 pips[11:05:58] Basil-kodikos says: waiting for short signal since it violated the equilibrium[11:15:08] Basil-kodikos says: short signal form waiting for entry[11:48:07] Basil-kodikos says: entered in new resistance equilibrium  in 136,20 short[12:23:31] Basil-kodikos says: opposite signal again we are in range market time to close in be[12:24:42] Basil-kodikos says: divergence formed[13:46:08] Basil-kodikos says:



closed half +11 leave the rest to breakeven
 

forexabcom

Member
forex scalping 4 8 2015

forex scalping 4 8 2015

[h=2]forex scalping in the New York session[/h]



possible entry in gbpusd[8/4/2015 17:08:26] Basil-kodikos says: The pair is all day in range state and we are in the bbreakout period of New York[8/4/2015 17:08:43] Basil-kodikos says: going long in this in 1,5809[8/4/2015 17:13:11] Basil-kodikos says: signal reversed looking to close and reverse[8/4/2015 17:28:10] Basil-kodikos says: entered in 90 and now I have added to the winning short[8/4/2015 17:46:34] Basil-kodikos says: forming a small bear flag here



Closed
 

forexabcom

Member
forex scalping 5 8 2015

forex scalping 5 8 2015

[h=2]forex scalping 5 8 2015[/h]Today I was away from the office and the morning trades wasn't well with ninjatrader free license.



possible scalp in gbpusd short[10:09:11] Basil-kodikos says: goodmorning everyone[10:10:48] Basil-kodikos says: Today I am taking the orders on sim and execute in mbtrading manually with free ninjatrader license,[10:12:49] Basil-kodikos says: shorted in 1.5560 and I have very small stop loss[10:13:27] Basil-kodikos says: out[10:14:16] Basil-kodikos says: waiting for the next opportunity[10:25:31] Basil-kodikos says: 1.5686 is the  a short  equilibrium for short, waiting for resistance to form in order to justify a new position again[11:06:57] Basil-kodikos says: resistance formed in 89 were the stp is ,entered in 1.5577[11:19:50] Basil-kodikos says: out in this tooLost the first two trades, then recovered in the third one and finally in the afternoon when I came back in the office I took a nice scalping in gbpjpy.gbpjpy was trending north all day and in the New York it retraced in the equilibrium.There I saw a pattern in the auxiliary scalping chart with higher lows over support in oversold oscillator and approximately  50% fib in previous breakout candle .This forex scalping technique works very nice in calm times outside news.



A nice trade you might want to wait for a retracement for entry is audnzd 4 Reasons To Buy AUD/NZD Targeting 1.15 - Deutsche Bank05 Aug 2015 00:50 EDTAUD/NZD offers a good buying opportunity targeting 1.15, plus low beta to uncertain Fed policy and Chinese growth prospects, advises Deutsche Bank. DB outlines 4 reasons behind this view.1) Labour data. DB expects Australia's Thursday’s labor market data to beat the market consensus, with job growth of 15k in July leaving the unemployment rate unchanged at 6.0%.2) Rates re-pricing. While the RBA sounded less dovish at this week meeting, DB thinks market will start to re-price a 50bps of RBNZ easing at the next two meetings.3) Commodity prices. Although iron ore remains under pressure, DB argues that it remains a two-way market.4) Positioning. DB notes that while kiwi net shorts have been cut by 30% since early July, net shorts in AUD have increased by 130%, allowing for a meaningful squeeze.

 

forexabcom

Member
forex scalping 6 8 2015

forex scalping 6 8 2015

forex scalping in Franfurt opening 6 8 2015

Good morning everyone,GBPJPY was ranging in a very tide tube with 10 pips width.In session openings these consolidations deliver nice scalping opportunities



goodmorning everyone check out this from Deutsche bank Stay Long Pound Into Super Thursday - Deutsche Bank05 Aug 2015 17:12 EDTIn a note to clients, Deutsche Bank advsies clients to stay long pounds going into Thursday’s same-day release of the Bank of England policy decision, minutes and Inflation Report."Speculation is growing over a split vote on the policy decision. After the July minutes highlighted that ‘for a number of members...absent [Greece], the decision…was becoming more finely balanced,’ it is possible that more than the two previous hawks (Weale and McCafferty) dissent, with Forbes and Miles possible candidates," DB projects."Dissenters or not, risks are asymmetric as market pricing is still too dovish. Less than a 20% probability of a hike is priced for year-end (versus over 80% for the Fed) and the first hike is not fully discounted until May next year. Yet growth in the UK has been stronger than over the Atlantic and the economy is actually generating wage pressures, unlike the US," DB adds.
[HR][/HR]

[09:38:55] Basil-kodikos says: Option expiries 10am NY cut today 6 AugustThu 6 Aug 2015 04:57:28 GMTAuthor: Mike PatersonAuthor: Mike PatersonUSDJPY 123.00 (USD 787m) 124.00 (825m) 124.70-75 (700m) 125.00 (907m)EURUSD 1.0800 (EUR 2.4bln) 1.0850 (1.1bln) 1.0950 (505m) 1.1000 (402m) 1.1050-55 (820m)GBPUSD 1.5615 (GBP 212m)USDCAD 1.3050 (USD 490m) 1.3150 (400m)AUDUSD 0.7300 (AUD 251m) 0.7350-60 (450m)NZDUSD 0.6550 (NZD 329m)[09:39:13] Basil-kodikos says: watching the consolidation in gbpjpy[09:45:36] Basil-kodikos says: entered in 194,97 in gbpjpy[09:47:25] Basil-kodikos says: 10 pip target filled rest on trailing[10:00:01] Basil-kodikos says: trailing stop filled

Lost at noon this long scalping in pound yen








CAUGHT A VERY NICE TRADE IN GBP JPY



[14:02:09] Basil-kodikos says: CLOSED 72 PIPS IN SECONDS After I lost the second scalp I reversed on the breakout of the range and took the final trade for gbpjpy today.
 

forexabcom

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forex scalping 10 8 2015

forex scalping 10 8 2015

[h=2]forex scalping in the European morning[/h]Today we are in holidays so we took a  quick scalp in gbpusd in the  European morning.A short signal formed in our main chart so we were waiting a step back by 20 pips approximately.In the auxiliary chart a fake north breakout happened and then the price moved south. We wait for a short term support and then in a step back motion the price moved to the equilibrium line offering us a chance to enter with a limit order for short scalp by ten pips at least.The order ignited and shortly afterwards the ten pips achieved.It was so quick that the breakeven move of our third part order didn't happened.We did move our stop manually and the third part closed shortly afterwards by offering + pips.You can watch the whole move and the trade in the following video.



 

forexabcom

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forex scalping 11 8 2015

forex scalping 11 8 2015

[h=2]forex scalping 11 8 2015[/h]Hello,We are in Paros for holidays so the rythms are more relaxed.Yesterday a nice scalping opportunity appeared in gbpjpy.A divergence in the main chart, a head and shoulders in the auxilliary chart, a short signal in the main chart.We gave some time to a pullback of 20 pips to the equilibrium of the auxiliary chart and placed the limit order. The trade lasted approximately 30 minutes and we took 31 pips in the three part order.






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forexabcom

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forex scalping 14 8 2015

forex scalping 14 8 2015

[h=2]forex scalping 14 8 2015[/h]Hello,Today I have record for you a one hour video of the most trending hour in the New York session.It contains two forex scalping trades in gbpjpy one long and one short.I haven't trade at all in the European session due to obligations and I sat i front of my computer approximately 30 minutes after DOW open.After screening gbpusd ,eurjpy and gbpjpy I have concluded that my best chances were in gbpjpy.



GBPJPY formed a consolidation and I was waiting for a long breakout since I had a long signal.Breakout happened and waited for a retracement in the breakout point in order to go long.Price retraced and gave me an entry.After almost 25 minutes the first scalping target of ten pips achieved moved the stop loss to breakeven and I was waiting to see some momentum. Momentum never came , the price retreated and hit the stop loss for the third part.Having my eyes for another opportunity I have trapped eurjpy in case it would come back in the 55 area to take my limit order to go short but in vain.Then I spotted the divergence in gbpjpy and placed the limit order 2 pips below the support area.The limit order activated, gbpjpy made some attempts to go up again and then bam the short momentum  came hit my scalping target ,trailing was activated and after a brief run to +26 pips returned and close this order too.In the mean while I have add some to the position and left the remaining in to breakeven.



Enjoy the video.

 

forexabcom

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forex scalping 18 8 2015 European session

forex scalping 18 8 2015 European session

[h=2]forex scalping 18 8 2015 European session[/h]

Hello,Difficult day today.I have lost 2 scalps in the Frankfurt and London open so the third trade gave me the breakeven in eurjpy.Made a video for the third trade which took my losses back and some profit from my last runner part.
Enjoy


The battlefield of eurjpy



Here is also a tip from SOGEN concerning audusd

AUD/USD: Weekly Hammer; EUR/USD: Persistence Within Triangle - SocGenAUD/USD has formed a weekly hammer near 0.72 which represents 76.4% retracement of 2008-2011 up move, notes SocGen."It is at the upper limit of a descending channel since May and is facing immediate resistance at 0.7450. With daily RSI breaching above a resistance trend, a recovery is likely," SocGen adds."A break above 0.7450 will mean a retest of recent lows at 0.7560/90 which remains pivotal for an extended rebound," SocGen argues.Turning to EUR/USD, SocGen notes that it has retraced after testing 34 week MA at 1.12."EUR/USD is forming a triangle after retracing from 1.1450/1.1536. Weekly RSI is below 50% graphical level which highlights persistence within triangle," SocGen adds."Triangle upper limit at 1.1385/1.14 should provide strong resistance to a recovery while 1.0865/1.08 decides if retest of 1.05/1.04 happens," SocGen projects.
 

forexabcom

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forex scalping 19 8 2015

forex scalping 19 8 2015

Hello,Market was very choppy in the morning and we remain idle.American news offered some volatility and a big whipsaw in usdjpy.We took a  scalp after the news in calm waters in eurjpy which hold the key support.Currently 137.29 running into a few offers but demand into 137.00Offers 137.60 137.80 138.00 138.30 138.50 138.85 139.00Bids 137.20-25 137.00 136.80 136.50 136.00



the Three pairs we trade main charts todayEURJPY



GBPUSDdaily chartThe GBPUSD rallied yesterday after previous day's brief rotation lower. We have been calling the GBPUSD long on pullbacks for a number of weeks now and we are still very bullish on this market. If you’re not already long, you can continue to look to be a buyer on any weakness whilst price is above that key support zone down between 1.5535 – 1.5465. We see the potential for price to break up and move higher in the coming weeks and re-test the highs up near 1.5920 area.



GBPJPY
 

forexabcom

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forex scalping the gbpusd 21 8 2015

forex scalping the gbpusd 21 8 2015

[h=2]forex scalping the gbpusd 21 8 2015[/h]Low range. Little changedWhile the EURUSD moved higher. The USDJPY and USDCHF tumbled lower with high to low trading ranges that well exceeded the averages over the last 22 trading days, the GBPUSD traded in a 65 pips trading range (the average is 104 pips, and is just 9 pips higher from the close.The bullish is the pair has been able to stay above the 100 hour MA (blue line in the chart above). The bearish slant is the lack of momentum when the rest of the market was selling dollars quite freely. Also, the highs today at 1.5722 took out the August 18 high of 1.5716 by only a few pips. Where are the buyers.Despite that lack of momentum, the sellers are not exactly lighting the world on fire. As a result, I will defer to the bulls as those in control. Traders will keep that wary eye on failures above - just like they did today - but until the seller are able to push below the 100 hour MA and 200 hour MA (green line in the chart above), the selling is just corrective.We managed to take a scalp in the American session but this didn't develop in intraday trade



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forexabcom

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forex scalping technics-Seven steps to forex scalping success

Hello,

Today is Sunday so I have decided to make a seven part series videos which will talk about the most important forex scalping technics .

Sorry for my English but is not my mother language.

The first part is about your trading room setup.

The main and auxiliary computers.

The characteristics that your main pc must have.

Suggested setup for your main pc

I am not running after stupid updates of Microsoft.

Many brokers and banks stilluse windows xp because they are stable.

End of support ?So what if I don't use it for surfing and there is no email!

If your computer has only the platform, the operational system and the tools(eg excel) you use for trading there is no problem.

Even if you use it for surfing and you have nod32 security and malaware bytes again no problem.

The system is stable as long as you don't go to bad neighborhoods and you use it mainly for forex scalping.

Now lets see what your main "box" must have

Big high quality box with lots of fans and space for at least three hard disks(100-150 euros)

Main board and chips Intel the fastest and the best quality for windows XP Proffesional you can buy.

Low voltage power supply above medium quality (from 100 euros and above)

Graphic card with two monitor exits (from 100 euros and above)

4 gigs ram.

Hard disks.

Main disk SSD 120 gigs is a very good option.

Auxiliary mechanical hard disk between 1-2 terra for keeping your large files.

Backup disk mechanical for weekly cloning of your main disk equal or greater from your main disk. (I use Acronis for this procedure)

Keyboard mouse wired suggested brand Logitech or Microsoft

Stand alone mic and cheap speakers is all you need to communicate with Skype

Mouse pad gaming quality (I use mouse pad steel series, Google )

Two Monitors 22'' (I use lg)

What I propose for your notebook

I don't prefer the great brands. Long time to service response,high cost to upgrade and spare parts only from them.

I prefer an OEM notebook from the best service in town.

I custom order it with high quality components and I ensure that I have 24 hours repair guaranty.

Intel components, 4 gigs, SSD disk.

After the initial setup and program platform setups, settings I move the SSD disk to my main and I perform the clone procedure to another disk so whatever happens in the notebook hard disk I have a ready one setup hard disk to start from.

Finally I use synergy in both main and notebook.

A multifunction printer scanner copier fax suggested brand HP ,INK JET

A UPS to protect your equipment from power interruptions ,your router must be plugged there also so in case of interruption to have internet and computers on to handle your positions.Batteries must be changed in UPS every 2-3 years or you will not be protected.

These are the basics there are more software tools when I do this procedure in detail but if you perform the above you are in the correct way.

All this procedure I perform to my clients handheld through skype and teamvewer and it takes from 15 days to a month to setup all this and have them to become computer savvy in the whole procedure.

Lock your door ,close your telephone and you are ready for live trading.

If you have any questions feel free to ask.



 
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