Scalping the pip out of it

So it looks like this was an april fools setup!! Oh well. Got stopped out. There may be some good opportunities to get short later.

So I just wanted to touch base on the long EUR/JPY trade that I got stopped out on with just a little profit. Market continuation based on higher timeframe pressures kept the trend. We got stopped out this time, but it is good to revisit the trade to see the power of the technical analysis on higher time frames. Enjoy

And revisiting the GBP/AUD trade. It looks like the trade is still ready to come down. Price has stopped short of the 61% Fib, and Higher Timeframes are overbought. I will be looking to get in short given more confirmation and a tighter entry on the 1hr and 15 minute charts.

If you have any questions or thoughts contact me.

And price is still range bound on the EY since my last video.

Here is a quick market shot of price action continuing up after the short scalp. This is why it is important to use tight stops and get out quickly when trading counter trend. Always know the direction of the higher timeframes. Have fun

Just to show how price action can react off specific Moving Average lines. I am still long on the trade. It is good to be very aware of when price will have pullbacks so that you can reenter the market on volume in the direction of the trend. Good luck

Subscribe to my thread and I will give you real time analysis and trade setups!

I really enjoy these after session retracements. Like shooting fish in a barrel.

Ready for a new trade week. Looking at the GBP/CAD for a possible short. I am in at 184.95 short and I am going to post the video when the trade is complete. I have a tight stop above the 50EMA on the daily chart. Lets see what happens.

Cleared 40 pips on the week open trade. Not a bad start to the week. More on the market as it develops!

I am going to take a slightly risky trade and short the AUD/CAD. Tight stop, but I have fewer confluence indicators for the trade. I do like that on the higher time-frames it seems to be range-bound and not taking a trend direction quite yet. I am picking a top and looking to see at the bottom of the range. I will post a video once its complete.