Scalpeur journal, scalping the bollinger band

@dragos

This is one setup i take:

http://nimga.fr/m/nKoFJ.jpg

http://nimga.fr/m/MRWLS.jpg

done,

http://nimga.fr/m/TDex0.jpg

Ok it was easy from yesterday afternoon we have a squeese forming on EUR/JPY (1 hour with bb360).

Just with this picture you can see the trend, just wait the opportunity. (bb360, ema34, ema 50)



http://nimga.fr/m/ZUoWX.jpg

Another setup. (this is dangerous setup because chinese new are coming in 45 minutes, if no new, it's ok)

http://nimga.fr/m/XL12l.jpg
http://nimga.fr/m/X5GU7.jpg
http://nimga.fr/m/GfOA6.jpg


The bb100 show a downtrend changing in up trend.

I took the profit, better stay flat for the chinese new.

http://nimga.fr/m/dB7VD.jpg

After the new, trend changing confirme

http://nimga.fr/m/3NnCU.jpg


And where the price stop : on the upstair BB360

http://nimga.fr/m/gFL17.jpg

New setup:

http://nimga.fr/m/vRSLJ.jpg
http://nimga.fr/m/2XZYU.jpg


5 minutes later it's done.

http://nimga.fr/m/Rbt2F.jpg
http://nimga.fr/m/XFQ9L.jpg

It's magic.

http://nimga.fr/m/JsPNT.jpg

A small scalping setup: 65% of traders are short, it's time for the brokers to take money.

http://nimga.fr/m/E3VS5.jpg

http://nimga.fr/m/To8zy.jpg

http://nimga.fr/m/y3wNH.jpg

http://nimga.fr/m/Voos8.jpg

http://nimga.fr/m/gxneA.jpg

Small setup scalping:

http://nimga.fr/m/KqasU.jpg the price broke bb100 and go up band.

http://nimga.fr/m/1RKxG.jpg

http://nimga.fr/m/rbpxL.jpg

http://nimga.fr/m/zw3WU.jpg Took the profit: 137$

Thank you very much! Will study it carefully, together with all your recent posts (I see you have been generous recently with posting, which is very useful to people trying to learn your strategy).

Best regards,
Dragos

Good charts. Scalpeur. Good luck !

Lot of good learning here for those who are willing to learn !

Scalpeur,

Could you please be kind and let me know if the Short trade in the chart attached is valid (entered on the vertical red line) ?

I looked for price to be outside all bands, then for confirmation (bearish MACD divergence,lower highs). Wanted to put TP @ lower white 360 BB, but it was under 1.38 so I just left it a little bit above 1.38 due to lack of confidence (I have one issue with this trade: the 100 red BB is pointing up - is it ok?..)

Best regards,
Dragos

I will take the trade little more early.

For the medium bb100, look in 1 minute trend.

The price stop where: in the medium bb360 (in 5 minutes graphe) 360 is extremly powerfull.

http://nimga.fr/m/TqMcK.png

i put my picture:

http://nimga.fr/m/dtI3R.jpg

Thanks!

This is my understanding of your explanations for this Short trade:
1. when medium bb20 gets close to sup bb360 on up direction, then price extended too much up and needs to reverse (to get down). As a result will do lower highs
2. we should wait for a big MACD, to be more sure about price being at an extremity and having a high chance to reverse
3. we should always look in the inferior timeframe for the direction of BB100, to understand where the price is going. In this graph the BB100 on M1 is pointing down, so the price should go down
4. additionally to , if the inf BB100 is going up then we should expect price to reverse (to go down)
5. regarding TP: we should aim for the opposite 360 BB

Please let me know if I got your message correctly.

Best regards,
Dragos

Edit: I just posted, and saw you already posted your picture.. you are very kind, I appreciate it
So we should replace BB360 with BB720?.. - wait, I see now that you use th BB720 for support/resistance and you keep BB360. I think I got it

Yes, you get it. (but don't trade when big new, NFP, FOMC, wait 2 or 3 hours).

http://nimga.fr/m/8OOl1.jpg

Note taken, will apply it further as you taught me. Wish you all the best, and Keep in touch!

Today 7 trades, all won, 946$ profit , 15 hours near my screen.


http://nimga.fr/m/zBeGo.jpg

Update from my Post 123 (post this morning, 13h from now)

The squeese is here, and stop on my BB360, and big macd. extremly predictive.

http://nimga.fr/m/32Lr2.jpg