Scalping Journal 4 11 2015

Scalping Journal

Scalping journal for November 4th follows.

Today we had some activity in Tokyo session for Pound dollar and news at 11.30 were UK Services PMI (Oct) Actual: 54.9 Survey: 54.5 Prior: 53.3

One hour later I have found a retracement in pound dollar and enter a long scalping trade.

gu scalping

EURJPY had an active Tokyo session with range of 58 pips so I will not touch for today.

Currently 132.43 having held the 132.25 initial support/ demand I highlighted earlier

Offers: 132.80 133.00 133.20 133.50-60 133.75-80 134.00 134.25 134.50

Bids: 132.25 132.00 131.80 131.50 131.30 131.00 130.85 130.50

gbpjpy4112015GBPJPY had a very narrow activity in Tokyo session and we are waiting a short retracement to enter in for a quick scalping in 1,5422.

gj light

The price of the USDCAD was rising in sympathy with the USD bid. However, there was a caveat. That was that oil prices were up 2%. Typically, the CAD rises as oil prices rise.

The current price of oil has risen more and currently trades at $47.43, up +2.77%. What has happened to the USDCAD?

Syria will play a major role in oil prices.Heads up for opportunities on this fact.
It has retraced the move higher and tests the lows for the day.
Technically, the price fell back below both the 200 hour MA (green line in the chart above) and 100 hour MA (blue line in the chart). It also fell below the broken trend line. That was enough and we have seen an accelerated fall to the 1.3070-1.3079 area. This area (yellow area in the chart above), has been an area of swing highs and swing lows going back to early October.

usdcadHere is the bonus for today one minute scalping in usdjpy and eurusd template for ninjatrader


Chart Setup

Indicators: 12 exponential moving average, 26 exponential moving average, 55 simple moving average
Time frame(s): 1 min charts
Trading sessions: London session, US session
Currency pairs: Low spread (EUR/USD, USD/JPY)


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USD/JPY 1 Min Chart Example


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