Learn to be a Scalper - page 9
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That was my last NY Session trade.
I will be around in Sydney and early Asia.
Cheers.
Took in a Long and Short on the last swing patterns.
Long +3 pips
Short +3 pips
Waiting for 5pm EST to open.
Based on the 1 hour chart, shorts were the trade for the next 2 levels.
1.4022 then 1.4006 as per the attached chart.
Let's see if it will drive the through the 4022 first.
I had hoped for more interaction coming to the FX Fisherman Forum, but in a weeks time here, I am disappointed in the low activity I have seen overall.
Here is the update to my weekly trades:
53 wins and 7 losses.
Another couple shorts based on the stall area at 4016.
I am bias short down to the 3983 level, once we can break the 4008 point.
I posted my BIAS SHORT prior to the Frankfurt hour open at 2 am EST.
I had a limit order short at 1.4006 as per the attached chart.
Price dropped picking my order up showing the target at 1.3996 and the stop at 1.4016 (last resistance area).
The 3rd charts shows the price moving down for 20 minutes and finally hitting my target for + 10 pips.
Here is the update to my weekly trades:
54 wins and 7 losses.
I was absent during the nice move today, but had an opportunity at NY close to capture a few trades.
Here is the update to my weekly trades:
61 wins and 8 losses.
I started a new account on June 11, 2010 and was trading 11 pairs doing basically the same strategy I am posting on this thread.
A few months ago, I went back to E/U on 95% of my trades.
My normal wins are from 3-8 pips and I try to keep my stops at 5 pips max.
I have had some 20 pip gains, and a few times I lost between 10 and 20 pips.
On average I take 3 pips after spread and losses.
Here is my totals from June 11th.
2172 Trades
1608 Wins
564 Losses
3132 Pips (after losses and spread)
150 pips per week
I am near 75% win to loss ratio, and I am increasing those numbers since going to the E/U pair only.
My daily goal is 21 pips at 1 lot = 210.00
My weekly goal is 105 pips at 1 lot = 1050.00
This is my minimum expectation.
I started this thread to help others for FREE see the simplicity in making daily and weekly goals.
This is not a signal service, there are hundreds of those.
I have been giving live calls in Asia this year on Skype to others who are learning the quick patterns and setups.
Cheers
Here was a trade I took around 10:47 pm EST Wednesday.
I cleared +5 pips in just a few minutes and was only down -2 pips at the fake move up before it fell.
Here is the 1 minute chart taken at the entry and exit.
This is the kind of stuff that is available many many times in each session.
Weekly Totals updated on Post #89