Friday 9th June and the market dominated by the UK election results. Our charts show the weak GBP dominating price action with not much going on with EUR pairs. image

Scalping the EUR at the European open

This is an excellent summary of the strategy. Nice one.

Scalping the EUR at the European open

In answer to your question - it is entirely up to you. You seem to be making the right choices, and it is refreshing to hear from someone who uses their own initiative and is not reliant on a robotic system. We all need to think for ourselves. ...

Scalping the EUR at the European open

Thursday 8th June. Following yesterday's bear move for EUR pairs, today sees a consolidating sideways channel along the 11,250 support level for EUR/USD. Notice the conflicting 7 am candles that indicate indecision in the market. This is yet another ...

Scalping the EUR at the European open

Wednesday 7th June. The day started with a bull news spike for AUD which paved the way for a serious move to the downside for all EUR pairs. Look at the currency pairs strength list on the left of the charts below. It will clearly be seen that all ...

Scalping the EUR at the European open

Although this thread is primarily focused on scalping the EUR pairs, the strategy works perfectly well for all other pairs. Today, Tuesday 6th June is a perfect example of the strategy working with NZD pairs. Notice how all NZD pairs are grouped ...

Scalping the EUR at the European open

Tuesday 6th June. There is no synchronicity for EUR today. Both NZD and JPY are showing strength in the market. I am staying out again today. image

Scalping the EUR at the European open

There are too many questions here for me to answer in one go. Your own discretion and choice of time frame, from your own experience of paper trading this system will answer your own questions. Suffice it to say that each day teaches us a new lesson ...

Scalping the EUR at the European open

It has been a tricky week with lots of indecision in the market for EUR. Here is a snapshot of the week for EUR/USD showing the best opportunity on Wednesday for a 25 pip scalp. It may also be useful to note the sharp retracement spike on Tuesday ...

Scalping the EUR at the European open

The major trend is determined by the 30 M time frame. When there is synchronicity with the 30 M time frame on all pairs is when we can expect a synchronized move on all pairs at 7 am on the 15 M time frame. This is the true measure of a good signal ...

Scalping the EUR at the European open

Thursday 1st June 2017. Not a good day for scalping the EUR today due to resistance levels on all pairs and bearish candles at 7 am on all pairs. Remember the essential criteria are that the 7 am candles should be synchronized with the direction of ...

Scalping the EUR at the European open

It looks like EUR may have touched a bottom and is on the rise again. This morning showed strength coming back into the EUR. The 7 am candle showed its directional value on EUR/USD and EUR/JPY, but a strong NZD held that pair back. Not much momentum ...

Scalping the EUR at the European open

Yes. The arrow points to the 7 am candle and indicates its direction.

Scalping the EUR at the European open

Here are the charts for Monday 29th May, which is a bank holiday in the UK. All indicators point to a bearish EUR, so we would be looking to go short when the 7 am candles indicate so. However, we can see that there is inconsistency in the 7 am ...

Scalping the EUR at the European open

Here is a review of this past week for EUR/USD showing how the pair is stuck in a sideways channel. A breakout from this channel should give us some synchronicity to trade with. image

Scalping the EUR at the European open

EUR pairs have lost their synchronicity as this morning's charts will testify. Where there is no synchronicity the risks are too high and it is best to stay out of the market. This situation will not continue, so let's not get despondent. When ...

Scalping the EUR at the European open

I was in transit this morning returning to the UK from the USA, and therefore missed any opportunity to assess the market at the appointed time. But on reflection it would appear that there was no synchronicity with EUR pairs and the 7 am candles ...

Scalping the EUR at the European open

Nothing happening today for EUR scalpers. There is no synchronicity between pairs and no discernible direction for 7 am candles. So, I'm going back to bed. image

Scalping the EUR at the European open

Here are today's charts showing indecision in the market with EUR trending sideways to consolidate the recent rally of last week. The 7 am candle was true to form but with no momentum in the market price didn't go anywhere. image image

Scalping the EUR at the European open