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 the Tokyo session.

The gbpjpy train passed over me and the cost was -11 pips. Closed the platform for the rest of European session.

forex scalping gbpjpy

Late at night in the closing of New York ,I have a short signal and I am attempting to fade the great bullish move.

First attempt 17-9-2015 till next day at 10,54 European EST  time = -20 pips.

Second attempt 11,30 retracement to short signal until 13.44 =-20

Third attempt double top 30 min after DOW open  till 20.55 = -20

Forth attempt same day 21.30  till 21,38 based on divergence= -20

Total for both pairs – 91 pips

forex scalping gbpusd loosing trades

Switching to gbpjpy short in 22.00 till  04,03 next morning . Total +139 pips

139 pips -91 loosing pips=48 pips net for the three days

forex scalping gbpjpy

I didn’t trade at all on Friday to relax from the stress of the previous days.Counter trend trades are very dangerous and new traders must avoid them at all costs.