Scalping the EUR at the European open | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

EUR scalping at the European Open 11 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

30 second EURJPY Tokyo Open scalping 7 replies

Scalping Thread Open mind 2 replies

Attachments: Scalping the EUR at the European open
Exit Attachments

Scalping the EUR at the European open

  • #221
  • Jun 19, 2017 3:06am Jun 19, 2017 3:06am
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.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-19_11-01-10.jpg Size: 1.0 MB
Tellboy
  • #222
  • Jun 20, 2017 4:48am Jun 20, 2017 4:48am
Tuesday 20th June. Another sideways move along a support line. No good scalps today.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-20_12-46-22.jpg Size: 1.0 MB
Tellboy
  • #223
  • Jun 21, 2017 12:27am Jun 21, 2017 12:27am
Wednesday 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.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-21_08-24-28.jpg Size: 1.0 MB
Tellboy
  • #224
  • Jun 21, 2017 12:55am Jun 21, 2017 12:55am
Quoting tellboy
Wednesday 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}
Certainly is a once in a blue moon system!
  • #225
  • Jun 21, 2017 1:28am Jun 21, 2017 1:28am
Quoting jmtini
{quote} Certainly is a once in a blue moon system!
It is true that there is no telling when the circumstances are right for a good scalp, but when synchronicity is there, then it is guaranteed to give excellent results. It's a bit like fishing. You can sit by a river or pond all day and catch nothing, and on another day the fish are biting. If market dynamics were the same every day then we would all be millionaires, but market dynamics dictate that we must be patient and wait the for synchronicity to fall into place.
Tellboy
  • #226
  • Jun 22, 2017 12:08am Jun 22, 2017 12:08am
Thursday 22ns June. A strong JPY stepped in to bounce the EUR/JPY off the daily pivot to halt the rise of EUR/USD, thereby confounding our possible scalp.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-22_08-06-01.jpg Size: 1.0 MB
Tellboy
  • #227
  • Jun 23, 2017 7:12am Jun 23, 2017 7:12am
End 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?

I am on my way driving overland from UK to Crete. I wonder what you all are doing. Whatever it is - have a great weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-23_15-05-49.jpg Size: 706 KB
Tellboy
  • #228
  • Edited 8:18am Jun 23, 2017 7:15am | Edited 8:18am
Quoting tellboy
I 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}
Greece.. such a lovely place.

Wish you a wonderful weekend as well

Stay tuned
Guido

Quoting tellboy
End 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}
Yes.. the tuesday candlein EU.
You are 30 min early.
But all in all its a really nice and good view!
EJ looks a bit different
Stay tuned
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDcM30 23.6..png Size: 33 KB
Click to Enlarge Name: EURJPYcM30 23.6..png Size: 40 KB
Risiko birgt immer auch die Chance.
  • #229
  • Jun 23, 2017 9:37am Jun 23, 2017 9:37am
The 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 in similar fashion. Remember, when EUR move against the USD it will normally do the same with JPY and others.

Happy trading next week.
Tellboy
  • #230
  • Jun 26, 2017 12:47am Jun 26, 2017 12:47am
Quoting tellboy
The 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...
Good morning.

I think you got me wrong..
Here´s the 7 am (GMT) candle ..
I´m sure you wouldn t buy the 7 am candle on tuesday.

You simply marked the 6.30 am candle.. but it´s one candle (30 min) too early.
Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: InkedWeek 19-24.6. EU entry candle_LI.jpg Size: 884 KB
Risiko birgt immer auch die Chance.
  • #231
  • Jun 26, 2017 3:48am Jun 26, 2017 3:48am
Quoting Sesamstrasse
{quote} Good morning. I think you got me wrong.. Heres the 7 am (GMT) candle .. Im sure you wouldn t buy the 7 am candle on tuesday. You simply marked the 6.30 am candle.. but its one candle (30 min) too early. Stay tuned Guido {image}
Thank you for pointing that out.
Tellboy
  • #232
  • Jun 26, 2017 3:55am Jun 26, 2017 3:55am
Monday 26th June and a little bit of a conflict going on here. EUR/JPY paved the way for the spike on EUR/USD, but AUD and NZD didn't want to play.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-26_11-52-51.jpg Size: 1.0 MB
Tellboy
  • #233
  • Edited Jun 28, 2017 9:40pm Jun 27, 2017 11:53pm | Edited Jun 28, 2017 9:40pm
Tuesday 27th June saw the results of a non-specific news item at 8 am. It is always wise to stay out of the market on such news days, unless you are familiar with the 'straddle' news trading strategy.

I am in Crete now and the internet connection is a bit temperamental which means I can't load yesterday's charts. (This problem is now solved)

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-27_15-26-35.jpg Size: 1.1 MB
Tellboy
  • #234
  • Edited 9:39pm Jun 28, 2017 12:42am | Edited 9:39pm
Wednesday 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.


Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-28_08-37-52.jpg Size: 994 KB
Tellboy
  • #235
  • Jun 28, 2017 4:10am Jun 28, 2017 4:10am
Quoting tellboy
Wednesday 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.
Try to change wifi password. Someone might be stealing your wifi.
  • #236
  • Jun 28, 2017 9:08am Jun 28, 2017 9:08am
Quoting tellboy
Wednesday 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.
An up and down day that's for sure!
  • #237
  • Jun 28, 2017 9:42pm Jun 28, 2017 9:42pm
Quoting trend-friend
{quote} Try to change wifi password. Someone might be stealing your wifi.
The problem with uploading charts was a matter of wi-fi service provider. I am now using my own mobile phone hot-spot. Perfect.
Tellboy
  • #238
  • Jun 29, 2017 3:00am Jun 29, 2017 3:00am
Quoting tellboy
Wednesday 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}
I totally agree with you.

All conditions were given and it played out wonderful.
EU,EA,ECAD,EN gave me each the 25 pips, just EJ struggled a bit so I kicked it out-2 when all the others reached TP.

I went in " market" when the 15 min candle at 9.15 (Gmt+2) showed green.

I just need to work on my entries with this strategy..

@tellboy
How often are the conditions given like yesterday a month?
-pointing all in the same direction,
-following overall trend,
-7 am candle pointing in trend direction

IMO its 3-6 times, right ?

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #239
  • Jun 29, 2017 4:41am Jun 29, 2017 4:41am
Can't really put a number on it. I had a week where 4 out of 5 days were good entries, then the week after nothing.

Just stick to your guns and take profit consistently.

I for one didn't see any synchronicity between the EUR, but today I did take GBP bucket.

15 minute time frame with the entry on 4pm (my 7am truth candle / 1 hour before london open)

https://www.tradingview.com/x/sGEHwn5a/

I have a strict 2:1 (40 target / 20 stop).

3 hit target - +6% (120 pips)
1 hit loss - 1% (20 pips)

Hope this helps.
  • #240
  • Jun 29, 2017 6:09am Jun 29, 2017 6:09am
Thursday 29th June saw EUR/USD trundling along a channel around the 11400 mark. Not a profitable day as price didn't spike until after 8 am and not by very much until it came back to bounce along the 11400 line.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-29_14-03-16.jpg Size: 1.0 MB
Tellboy
0 traders viewing now