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Archive for September 2015

Forex scalping techniques16-17-18 Sept 2015

Forex scalping techniques16-17-18 Sept 2015

Forex scalping techniques 16-17-18 Sept 2015

It was three difficult days.The reason was that my biological clock was upset and traded in different times than those I usually trade.

The first trade I took was in 16/9/2015.

I have lost the bullish breakout(sleeping) and attempted to catch a bounce in resistance in higher time frames in GBPJPY.

The breakout was a valid signal with retracement offered 170 pips plus.As you remembered on 15-9-2015 I was trading in

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When to close forex trading positions ? 15 9 2015

When to close forex trading positions ? 15 9 2015

When to close forex trading positions ?

When to close forex trading positions? The most of the times I close open positions around London close.I sleep better at nights.

Rarely as yesterday I had open position during the Tokyo session.

In these cases I close them few minutes before Frankfurt opens.Reversals and stop hunting will follow I don’t want to be in.

Yesterday trading was difficult for the three pairs I watch.

GBPUSD produced a nice signal with over 150 pips move south but with no retracement.

EURJPY produced a long signal with retracement but took in demo only.

Finally GBPJPY was ranging all day and since I was waiting for a breakout a took the retracement of a short signal which generated in DOW open.

Trade went bad and lost 25 pips. Left the charts open and found a pivotal point, a third touch in the upper area of the gbpjpy range and took an intraday trade with stable stop approx

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Consolidation and breakout 14 9 2015

Consolidation and breakout 14 9 2015 Consolidation and breakout is one of the most profitable trades you can take¬† in any financial instrument. The problem is to find the real breakout or you will be caught in range .As I have predicted on Friday post GBPJPY would […]

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