Just noticed 'strange' price action in the NY session on a number of pairs... see images below... This looks like the 'worst case scenario' for the strategy. Some analysts refer to this as harmonic convergence of prices action. If the level to which ...

Open Scalping Strategy

This sounds like a winning approach to trading!!!

Open Scalping Strategy

Think about it, a 65-70% win result on average is phenomenal... when testing I keep in mind that the conditions we are experiencing in the market are going to change. For example, the volatility is down currently and this will, in all likelihood, ...

Open Scalping Strategy

Wow! You "caught the wave", well done. Over 50pips that's crazy! AU is looking good...

Open Scalping Strategy

Things looked good over the NY session (yesterday), setups for EU, ECHF & UCHF, but I missed it all... anyone get anything? UJ was a sure win. Aussie Cash 200 (Fixed) +8points (8points TS) : never in doubt [Asian session] Keep an eye on EU [NU could ...

Open Scalping Strategy

ECHF - no trade by rules - came up fast but its weakly correlated with UCHF it seems, which is a possibility (although not a candidate price-wise - too far from entry at the moment) RED News could shake things up...

Open Scalping Strategy

Everything is looking a little flat at the moment (pair-wise)... Keeping an eye on EU & UCHF as they are (oppositely) correlated with strength dependent upon consolidation of ECHF Aussie Cash 200 (Fixed) +6points@75% (7points TS) + (Runner) ...

Open Scalping Strategy

Just from the Major pairs but I seem to hover around EU / ECHF / GU / UCHF / EG. Also, its possible to look at any product with a low spread, like Major Indices. If the spread become too large then its not possible / viable... Simple rules : if the ...

Open Scalping Strategy

Candidates coming into the London session: EU - looking ok on the D UCHF - looking sluggish / consolidating on the D [ could be forming a bullish flag-pole? ] The above pairs are locally well (oppositely) correlated but EU has produced less losses ...

Open Scalping Strategy

Normally traders aim for 1:4 (Risk:R) or better so even if they are technically losing on average per trade their money management will make them win in the end (when ever the end may be). With scalping methods you are turning that around. However, ...

Open Scalping Strategy

GU +5pips (6pip TS) [ Happen in a flash. Could have done a bit better but ATR(14)=6 and we were at the lower end of bearish parallel trend lines (15M TF). Actually, it was a breakout to the entry but it all happen too fast. Asian session ]

Open Scalping Strategy

Great comment reeeen4! Your doing extremely well too.

Open Scalping Strategy

EU and UCHF - candidates ... pairs appear oppositely correlated, price action / trend UCHF -10pips (10pip TS) [false break from parallel bullish trend lines (15M TF), triggered entry then slowly sank to SL - never looked like a win]

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ECHF +6pips with 6pip TS [2nd entry around the London open. 1st entry price action looked sluggish and was in the Asia session]. There was a bullish converging trend channel breakout that won the trade for us but this happened after entry was ...

Open Scalping Strategy

Hi moneybill, Thank you for your question. This is a scalping strategy so people have been trying various TP & SL's with varying R:R. One of the discussions suggested that a 1:1 Risk:R would be no different to a 2:1 since the SL was hit on a losing ...

Open Scalping Strategy

Some comments on the above three previous MN : 1. The first W of MN should not be invalidated 2. Mondays seems likely to be a no trade day - needs more checking 3. Strategy inherently stops trading during periods of indecision (on the MN TF - ...

Open Scalping Strategy

Review of August for EU [not including spreads/comm's] All weeks trade-able. Majority of price action b/w MN & W opens - as expected - careful, as nothing is valid [if the previous week is invalid the Mon next will also be invalid by definition] W1 ...

Open Scalping Strategy

Review of July for EU [not including spreads/comm's] All weeks trade-able. W1 - trade Mon [June 30th] Tue - no trade Wed - sure win = 29pips max Thur - possible win(s) = 44pips max Fri - possible win(s) = 9pips max W2 - trade Mon - possible win(s) = ...

Open Scalping Strategy

Review of August for EU [not including spreads/comm's] [Possible win(s)] = might be a win depending upon a number of factors [estimates off D TF] Note that on MN TF we have 3 black crows (or so it appears at the moment) for months July, August & ...

Open Scalping Strategy

Hi ChrisGC, great idea with multiple entries. I tried the same idea during the London session yesterday; Loss UCAD -10pips : hit entry, then RED news, then hit SL Win UCAD +5pips : 2nd entry (waited until it got around 3-5 pips below first SL - ...

Open Scalping Strategy