Hi Nexas How do you identify the Pivot Points? From pivot point website or from personal observation on candles?

Simple High Probability Trading

Yes, I got the EURUSD trade myself too Fished out 18 pips on the latest swing! (DEMO for me of course) USDCHF (below) was another beautiful downward trend pair I was looking at but I realised that it reached its monthly support and now flattening ...

Simple High Probability Trading

I find renko and range bar techniques attractive because they remove all the noise from the charts. Two promising Trend Scalping strategies 1. Thread called "Simple High Probability Trading" gave me a useful technique utilising the range bars. I ...

Trend Scalping

Hi guys The broker I am with is XM.com they have variable spread and typical spread is 1.9 for EURUSD and other major pairs lies somewhere between 2.2 to 2.8. To be a scalper, I felt the need of better spread and researched further. I just found out ...

Trend Scalping

Armada - 1pip fix for EU.

1 Pip Spread plus Scalping allowed Brokers

Hi this is a trade that I entered this morning (here in NZ). I only trade with trending pair as you can see. Dashed lines are 30, 50, 100 EMAs. I vary size of SL and target based on the size of the swings. Placed SL a little bit beyond the previous ...

Simple High Probability Trading

Haha I have been following this thread for several days and just tested out this system yesterday myself on demo account. I only traded in trending pairs, set the target and SL at the extremes of swings, while maintaining 1:1 rr ratio. Here are the ...

Simple High Probability Trading

I think using price action strategy at 1 minute chart is not so profitable, because of the spread cost. To earn 2 pips and pay 2.4 pip as commission that is a bit much! Perhaps I should move to 15 minute chart to get a decent profit-to-spread ratio. ...

Trend Scalping

One day of experience Well this is it for today. Starting from $25, the profit for today was $0.49 (2%). 4 trades; 3 WIN 1 LOSS EURUSD 0.85 pip WIN USDCHF 5.6 pip LOSS EURGBP 2.05 pip WIN EURGBP 0.2 pip WIN Good that I used smaller lots for unsure ...

Trend Scalping

95 minutes of agony At 1 min chart, breakout occurs frequently. I saw a breakout and followed it emotionally. It paid me back with 95 minutes of agony. It was a fake breakout and I had to spend my 95 minutes in agony trapped in the horizontal range. ...

Trend Scalping

Of course breakout-pullback-continuation pattern afterwards But the price will encounter many major support before breaking free.

Trend Scalping

Interesting triangular squeeze channel formation spotted in USDCHF @ 1 min Chart. Wonder what will happen when this channel squeezes to the end. Overall bias is downward.

Trend Scalping

Result EURGBP: Entered short and got lucky. Exit at turning point. win 2.05 pip USDCHF: could not find proper exit point. Trend reversed. loss 5.6 pipLesson I entered USDCHF more or less followed the rule but as London volume kicked in, the trend ...

Trend Scalping

Exit EURUSD: became range because of the flat bottom support. At the moment, there is not enough volume to break this support. Wait for London. Profit: 0.85 pip. Waiting for Breakout downside. Major CHF News coming up in 25 mins. Need to look for ...

Trend Scalping

Monitoring USDCAD: Creeping up to H4 trend, market bias downward, price action ETA 3hrs. USDJPY: Breakout upside from downward trend channel, but I don't think this break out will last because the price already tested the monthly resistance twice ...

Trend Scalping

Here is my observation and plan. Monthly Trend - downward Weekly Trend - upward; creeping up to meet the upper channel envelop of the monthly trend Daily Trend - market congestion; see the double railway. Action Plan We need to let the market decide ...

EURUSD

Thanks for sharing your experience with scalping. Interesting, 1min chart having same pattern as 4 hour and 1 hour chart. I will look into that. I was learning about Intra-trading system working with 1 hour chart. I will be always interested in ...

Scalp, scalp, scalp

Very nice thread. I was interested in Scalping but got burnt o.o So studying other systems now.

Scalp, scalp, scalp