Ok, here we go! Got multiple setups - watch those BRN, NU&AU - had Tokyo dips (wins) on both. AU looks tough... a .900-level long into a BRN... EU, UJ, UChf, EG, GJ candidates I'm taking a pass on AU - (5th wave of 5-wave move wave-3 isn't the ...

Open Scalping Strategy

Seems like their is a strong (positive) correlation b/w the VIX and Gold over the week. Has anyone been keeping an eye on this?

Only Gold!

Thanks swilliam! One thing I've noticed with some threads here on FF is that they quickly deviate from the initial objective and proposed strategy. So, I have made it a point to leave unchanged the core rules as you defined on page 1. All the ...

Open Scalping Strategy

I totally agree. Analysis is the key to finding high probability trades and repeating the process (beyond coin flipping).

Only Gold!

1231 is also the 61.8 fib retrace level (1H TF). The previous wave (from fractal low to fractal high) re-traced to around the 61.8 level. So, by EWT, it is more probable to expect a shallower re-trace?

Only Gold!

Hi lorix, what is your reasoning here? What is your (first?) TP target?

Only Gold!

A third set of railway tracks @ trendline support? Just fell short on my chart (from the last 15M).

Only Gold!

My bad - I was thinking of the other 'point'. Iztok, did you have one trade as a runner?

Only Gold!

Not bad Iztok, better than -2.53 points. This is a high probability short trade but it takes a little practice. Goldengun's entry was rather aggressive, perhaps a safer entry would have been at the (local) fractal low.

Only Gold!

Well done Goldengun!

Only Gold!

Yes, a great short trade... trapped the shorts and made the longs sweat (once it broke under the fractal low)! Did any one grab a quick scalp?

Only Gold!

Thank you!

Only Gold!

Many thanks for your comment ClockTrader. This is a fascinating approach to trading. It is always refreshing to see different approaches. Could you recommend any references for further information? Yes, it looks to be aligned with Elliot Wave theory ...

Only Gold!

Hi ClockTrader (and All), thank you for setting up this informative thread. I am in total alignment with your thoughts here... have been puzzled by recent price-action (1H TF). I'm hoping things will change later this week. [Your trading style (page ...

Only Gold!

NU, EU, UCad, UChf all have very close opens (1MN & 1W TF) with respect to ATR(14) --- consolidating UJ, GU, GJ, EJ are No Trade EG (MWRG), EChf (MWRG) are setup but 1 x ATR from trigger

Open Scalping Strategy

Ok, that's it for me! This week was great! More trades than last week but less win% but no complaints! (Note: EG is coming up, looks over extended and no "Tokyo dip". A MWRG trade.) 9 wins & 3 lose, 52pips, efficiency = 24.42% Have a nice ...

Open Scalping Strategy

GJ -16 SL (1st entry) then +15 TP (2nd entry) : even Steven : so close! : gave 4.5 pips before retracing fast to SL (just got to SL) then 2nd entry went down to TP before a few brief re-traces. There was an approach to the entry, rejected strong, at ...

Open Scalping Strategy

Just a few ideas, comments, observations and a description of my concept of a SL zone that I use to quickly estimate SL and possibly identify strengths and weaknesses of a given trade. First, I have introduced a statistic in my journal associated ...

Open Scalping Strategy

UCad +7pips [London open] : this looks like it was the 2nd entry but the first was in the Asian session : looks like its got a 3rd entry in it maybe? EU would have worked for SL>9pips (TP was max 17pips) but it was before the London open (might be ...

Open Scalping Strategy