news scalp (By rjm354)
The user has deleted this system.
news scalp Discussion
Nov 30, 2013 at 00:16
840 Views
17 Replies
May 01, 2014 at 04:18
futama99 posted:
So what is the enter and exit rules?
Thats the tough part. You have to use a resistance level and maybe a candle pattern to sell to the line. And a support level and candle pattern to buy it up to the line.
I use only the daily chart support and resistance levels. If the pair is in a up trend or down trend and the price pops up or below the line those are the best.
I have a habit of exiting a bit early sometimes, take the pips and run, But usually target the line, or just above the line in a sell and just below the line in a buy.
I made 102 pips on that GBPNZD trade on the chart above . here is the current chart. You can see how the price came right down to the line. I have 2 horizontal lines on the chart for what I think was support and resistance.
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May 07, 2014 at 03:53
Pairs to watch USDJPY and GBPCHF
Here is the USDJPY . I think it will go lower before heading for the 50 line. Its about 80 pips to the 50 line
And the gbpchf is technically ready now , it is a rubber band trade. I am hesitant to enter just yet . It is a volatile pair . I added a trend line.
and it is about 100 pips to the 50 line.
Here is the USDJPY . I think it will go lower before heading for the 50 line. Its about 80 pips to the 50 line
And the gbpchf is technically ready now , it is a rubber band trade. I am hesitant to enter just yet . It is a volatile pair . I added a trend line.
and it is about 100 pips to the 50 line.
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May 08, 2014 at 02:09
The GBPNZD is the best looking rubber band trade at this time . 125 pips to the 50 line and the line is angled down. Entry is everything on this trade. It looks good. There is GBP news in about 8 hours I believe .
And the USDJPY still looking good . Not sure if it will go lower before heading to the line . Maybe the 102.20 area?
And the USDJPY still looking good . Not sure if it will go lower before heading to the line . Maybe the 102.20 area?
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May 10, 2014 at 05:22
3 pairs to watch . EURJPY AUDNZD and CADCHF.
The eurjpy has been in a big up trend . So you will be trading with the trend . It looks ready to get in. The 50 line is flat with a bit of a curve up on the end. 140 pips from the 50 line.
The audnzd has been in a big down trend . 120 pips from the 50 line. wait for the line to flatten out or curve down. Keep an eye on it.
The cadchf also a big down trend. It is at a resistance level but may go to a higher level. 140 pips to the 50 line. wait on it
The eurjpy has been in a big up trend . So you will be trading with the trend . It looks ready to get in. The 50 line is flat with a bit of a curve up on the end. 140 pips from the 50 line.
The audnzd has been in a big down trend . 120 pips from the 50 line. wait for the line to flatten out or curve down. Keep an eye on it.
The cadchf also a big down trend. It is at a resistance level but may go to a higher level. 140 pips to the 50 line. wait on it
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Member Since Mar 06, 2012
20 posts
May 13, 2014 at 14:45
Hello sir,
Can you any managed accounts ( Like - Pamm ) ??
Can you any managed accounts ( Like - Pamm ) ??
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