Scalper

Hey!! welcome back FXEmpire!
I see your trading the 15m and 30m.
Do you still trade the 5m?
Keep posting, I"m In.

Hi sparrow.. nah I just take it down from where ever i see momo building up, could be from 1m to 1hr.
i will post pic from 5m in this thread, those were snap shots from my journal I dragged over here.

good to hear from you... how are you doing trading wise? what are you trading these days?

I'm doing Ok over all, great on trendy and counter trendy days. I've been trading anything having an
7 day average daily range of 100 pips and a low spread. EU, GU mostly.
I only trade 8:00 till 11:00 est and a lot of the resent activity has been in the afternoons.
I've added "Market profile" to my charts and use the Value area hi/lo and the median like one
might use the daily Pivot lines. I have the notion that it's good to know where the big boys are playing.
Particularly for over bought and oversold reversal opprotunitities.

sounds good brother, glad to hear you doing well, keep it up.

took stab at long uj early on off the PB cautiously though.. that is why i exited for -3 when it was not there atm.. perhaps the PB was a bit too strong and faded the bull momo.

took shot at ej and eu long.. very slow moving atm so settle for what i could, so +4 on each.

small gain out of ej again good for +6..
it's a damn grind today barely cracking over 10, lol..
not much momo to get more our of these trades in a timely manner..

long on uj for +11 off the PB..
it took me all day to get to above +10.. so this considers as a good start..

abo.. everything is been laid out so please due diligence and study the many charts... not need for English there bud.

good luck.

The reason why I don't play hard tight stop such as 5pips and aggressive TS.

This is today's eu chart... as you see earlier today eu broke out of it's days low and pulled back and resumed for a possible bear run... at point B is where the logical short entry should be.. breakout, PB and then signs of resume.. as you see i got in and banked +10... but whats important is that I would have been sting pretty nicely if I had used a 5 pips hard stop.. point C is where it would have taken me out by a few 10th of pips before heading down... so flexible exit would give the necessary breathing room for the trade.
and now the quick TS play to +5 argument is also most time would be taken out... point D move is where it would have taken your +5 out before giving it any chance of life.. and point F move would have taken out the BE stop a little later if the trade had been left to run large.

some of my followers had asked me about and thought to illustrate a live example, thats all.

nice little counter trade on ej for about +20..
I feel a PB coming so if it does i can get back on the ride on the resume...

oh boy am i glad close this one or what... it turned like there is no tomorrow... I wanted to keep it a bit longer to see the reaction to the roundi 147.000 and also the last recent high on the left... but it was near enough and losing ground already and double profit amount of what i normally shoot for.

nice work. i like scalp in any low tf. let me have a try this yours.

ej long off the pullback good for +35.. nice straight shoot up on a u.s bank holiday.. cracked the 147.000 this time but look to be slowing down for another PB probably.

gu long good for +24.. picking the bottom in this case like the 1st version presented in this thread.

closed a long EU trade before the ism news good for +30..
earlier shorted as my first trade of the day/week a quick clean one for +18
both PB trades...

gu moved nicely for masses.. PB's..

A MACD set @ 12:26:9 ? and not 6:14:0 ?

Sometimes I plot the default one when i go for larger gains to see the trend quickly when flipping through pairs.

long on ej currently from 147.601.. looking for small scalp.. lets see how i shapes out..