As simple as possible: 00 level trading

Udine,
Same here, struggling with my eyes. May be little off topic. I noticed your earnings in the profile dashboard. Where can I get that indicator. Also I noticed an ATR indicator on the main window. Why do you use it. Please ignore if its one of the obvious one.

GJ short entry at 172.20

GJ + 5 pips.


EJ seems to be totally flat.

Hi Udine and everyone,

It took me quite awhile to get this. I took my first trade just now on the AUDJPY for +5pips. Shorted at 95.60. Hope I am doing it correctly.

Do you pay attention to upcoming news events at all? You didn't know about ECB rate decision and press conference earlier and tomorrow is NFP, these are two of the most volatile events. If you are serious about trading this way scalping for 5 - 10 pips then you are going to have to be aware of scheduled news events.

Usually NFP Fridays are very slow with not much movement during the London/ Europe morning session building up to the figures released at 1.30pm (UK time), and then fireworks begin.

anybody trading the asain session?

GBPAUD
BUY 5 PIP

look nzdjpy short

nope.. the types of trades i do, dont need to know the news. news never bothers me . so i guess you guys will know a lot more about news releases than me.

i trade long term. i have a long position open on one instrument (not telling you which one), for the past 8 months. presently running at £350 stake per pip. i can, if want to, close this position and live off the earnings for at least 6-7 years. but that would deny me my goal of becoming a millionaire in 2 years time - which is my goal.

also, i dont trade for a living. i trade for long term gains unlike most here on ff.

so you see, news dont mean a thing to me.

i started reading this thread because i used to be a scalper years ago, in my early days. never worked for me. and since iam on holiday , sitting reading books and getting bored, i thought i engage in this thread and see if i can conquer scalping again. not that i need to.

so i guess if iam following this method, then i will need to observe the news too, but really iam just toying around with this method as 5 pips here and there doesnt cut it for me. peanuts compared to what iam making.

ultimately i think a R:R of 2:1 will be the biggest obstacle in making this method work.

anyway, happy pipping to you all...

here we can have the historical hourly trade activity

on NY TIME ITS THE BEST 4 HOURS

http://fxtrade.oanda.com/lang/es/analysis/market-hours

My short order was missed by 1 pip

gbpjpy sell
172.100

tpkyo open

Those that traded a bit earlier, remember Tokyo opens at GMT 0, ie 19 minutes ago.

As well as Juan007's entry:

eurjpy sell

139.9

already +5

Remember the rules... Don't sell @ the 10's and Don't buy at the 90's.

Good luck and GREEN Pips to you.

Pending short on EURJPY @ 139.800

Update:
Trade initiated. Let's ride the money train.

GBPJPY 5 pips in ​

ok
i win on gbpjpy 5 pips
and on nzdjpy i close on be

i need sllep
ciao

GBPJPY at big round no 172.00 wait and watch don't go short here..

sold eur/jpy @ 139.90 took awhile but just banked 10pips @ 139.799

AUDJPY short @ 95.50 banked +5pips, thats my 10pips tonight. Thanks for the reiteration of the rules, really helped. Trade safely!