It's really difficult to predict this mate, just react to the price once it gets to the level your thinking of entering. Don't let the little chatterbox in your head prevent you from taking the trend, this could be the end of the trend, but it could ...

On EU i will wait for a nice clear break of yest high, then for the 15min trend to form, then enter on the low, as long as it's not too close to 3575-ish. Good luck with your trade though, hope it works out for you.

No clear direction today on both EU and GU for me. Markets are a little slow paced, so not giving any real set ups. I will be looking at Cable shorts below 6066-ish and if EU starts heading south any set ups that occur below 3625 i will take.

I've just been taking a back seat, reading the recent posts. I have noticed with this system that yes if you take every single trade you will have a lot of losers, however i think you just need to apply a little bit of common sense. Don't enter ...

Ok mate, be careful of 3658 as well. Good luck

3648 could potentially be risky mate as 50 levels are always psychological levels so you could see a decent bounce there. Your also right near R1 and weekly pivot (just above). I suppose if your SL is a decent size you may be ok. 3660 would be more ...

Agreed, nothing on GU or EU and now on both pairs a new trend needs to form for valid set ups in my opinion.

Of course yes, however i will enter if it breaks the low and take profit at pivot, then i am done for the day. We will see.

Cable shorts are the only way valid for me at the moment, but because the low has formed right near yesterdays lows i wont be going near it. The probability of it bouncing is reasonably med/high. It is also right near support, so be careful of ...

Ah yes, thanks.

I agree 100%. By the way, which trade was a loser?

So now if a lower low forms on Cable i still will not take a short trade due to it being too close to 6088/6080 and a little further down, 6065. These levels could cause it to bounce somewhat. However EU short lower lows are valid for me. Will take ...

So 6133 is broken on cable, shorts are now viable. EU longs are now invalid and now shorts are coming into play if 15min trend forms of course. This is my analysis on these pairs for scalping......

If i have learnt anything in trading it is the fact that you do not need to make many pips daily to be successful. If you trade just 2 currency pairs and you make just +5 pips per day on each, so +10 pips in total daily, that's approx +200 pips per ...

I agree, but for me due to the retrace down, then i would like to see a nice 15min trend form upwards again for a viable buy at 6160, but i totally see where your coming from. I would look at taking profits at 6176-ish, if the move is strong, take ...

If Cable breaks 1.6133 and the intraday trend begins to form on the 15min chart, then a short may be viable depending on PA of course and if it breaks lower lows. We will see................ Also EU is looking good for a buy, but for me it must ...

Thanks, looks a good system.............

Do you guys trade through news or do you stay out? Cheers.

Looks good to me - good stuff!

Hi guys, just looking at this strategy, seems pretty straight forward. I have found that if you are trading from the 5min charts, you may as well just have your 15min chart set up first and not even think about looking at the 5min until there is a ...