Monday 19th June and EUR pairs are trundling sideways. The 7 am candle indicated a move to the upside on all pairs, but with no momentum in the market there weren't any good scalps to be taken.
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DislikedWednesday 21st June and there is no synchronicity between pairs. On EUR/USD the 7 am candle pointed upwards against the trend. Reasons to stay out. {image}Ignored
DislikedI am on my way driving overland from UK to Crete. I wonder what you all are doing. Whatever it is - have a great weekend. {image}Ignored
DislikedEnd of week, Friday 23rd June. It hasn't been a brilliant week for EUR scalping has it, but every day teaches us a new lesson. Have a look at this past week for the EUR/USD on the 30 m time frame and judge the value of the 7 am candle and its usefulness as a directional indicator relative to the major trend. Any thoughts anyone? {image}Ignored
DislikedThe 7 am candle on the EUR/USD for Tuesday is worthy of note. It spiked up against the major trend, which was a good indicator that price would reverse back in line with the major trend. In fact, the 7 am candle turned out to be the pullback for a throw downwards. If we follow the rules and place our stop order above the 7 am candle (for a buy) then we will not be caught in a losing trade. But if we wait until 7:30 and follow market sentiment then we will scalp a short. That all depends, of course, if all other pairs are behaving...Ignored
DislikedWednesday 28th June and the strategy worked perfectly today. I bit slow perhaps, but all the indicators were telling the truth and good scalps were taken. I am still having trouble uploading the charts until I get the wi-fi strength fixed. Sorry about that.Ignored
DislikedWednesday 28th June and the strategy worked perfectly today. I bit slow perhaps, but all the indicators were telling the truth and good scalps were taken. I am still having trouble uploading the charts until I get the wi-fi strength fixed. Sorry about that.Ignored
DislikedWednesday 28th June and the strategy worked perfectly today. I bit slow perhaps, but all the indicators were telling the truth and good scalps were taken. {image}Ignored