High probability setups London open – New York 27 7 2015

High probability setups London open – New York

I have the whole dialogs for today scalping through the ranging London open to New York to saw you how I handle the ranging conditions and how I am handling the trending conditions.

We continue from were we stopped in the live trading room with hours of entering the limit orders conditions and detailed charts

[11:25:57] Basil-kodikos says: new signal in gj and the limit order
[11:25:59] Basil-kodikos says:

gj scalp

[11:28:14] Basil-kodikos says: this is counter trend trade with increased risk
[11:33:19] Basil-kodikos says: placing limit orders give you the time to schedule your trade with minimized risk
[11:35:40] Basil-kodikos says:

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new possible trade long limit order in 15
[11:35:49] Basil-kodikos says: signal in 25
[11:43:23] Basil-kodikos says: I have missed gj so I am cancelling the limit order limit in 191,34 price 191,72 gu limit order still valid 1,5115 price in 1,5526
[12:18:00] Basil-kodikos says: limit order long gu is valid and entered
[12:22:03] Basil-kodikos says:

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[12:44:25] Basil-kodikos says: opposite signal appeared closing at be
[12:44:27] Basil-kodikos says:

70676823908245800043[1]

 

[12:44:32] Basil-kodikos says: entry short now
[12:46:04] Basil-kodikos says: new short entry in ranging gu this is the way we handle ranging conditions
[12:46:06] Basil-kodikos says:

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[13:23:53] Basil-kodikos says: Closed at break even again plus spreadĀ  because opposite signal long appeared again.We are long again, GBPUSD result this morning with all these breakeven trades and one profitable scalp in ranging conditions.

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[13:41:58] Basil-kodikos says: ready to hit the first target

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[13:49:53] Basil-kodikos says: first target in 1,5521 hit we have covered our entry and we are trailing now

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[13:50:37] Basil-kodikos says: we need a large move to finish this or an opposite signal
[13:58:09] Basil-kodikos says: third part stopped at breakeven now i am flat
[15:15:55] Basil-kodikos says: after all these hours of ranging we are accepting the large move of the day in New york open
[15:16:08] Basil-kodikos says: a triangle is formed
[15:30:09] Basil-kodikos says: new trade hit the scalping target
[15:31:40] Basil-kodikos says:

23272863240088871822[1]
[17:03:05] Basil-kodikos says: still on the trade and trailing 53 pips for now
[17:22:26] Basil-kodikos says:

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75 pips and trailing

So as you see the system goes well in ranging conditions scalping the small moves and then stops in breakeven.

In the great moves it scalps the first high probability pips and then trails the momentum.

You must focus on it is boring but pays well.

More details in forexraiders.com/blog