What's going to happen today? All EUR pairs are clustered in the lower quartile of the rank table suggest a continuation of the bear move initiated last Thursday, but inconsistency between USD and CAD suggest indecision with the market dominated ...

Scalping the EUR at the European open

Here is the daily chart for EUR/USD at 10:20 on Tuesday 19th June 2018 showing how the pair are in a serious bear move towards the previous low support level. image

Scalping the EUR at the European open

Tues 19th June at 06:40 the JPY is right out of sync with the rest so I have substituted it with CAD. Now all EUR pairs are grouped together at the top of the table with a distinctly bullish direction of travel for all pairs. This provides us with ...

Scalping the EUR at the European open

I'd say that this is a system that is so different from the strategy used in this thread. I like to keep things simple and stick to the strategy. Thanks for the suggestion, but I see it as a distraction.

Scalping the EUR at the European open

Monday 18th June. The conditions around the EUR pairs are decidedly bearish with strength in the Aussie and Kiwi in particular where they are grouped together in the upper quadrant of the strength table on the left of the first set of charts below. ...

Scalping the EUR at the European open

Friday 15th June at 06:30 after the EUR took a dive from yesterday's double whammy news items. Is the EUR set to continue its earlier decline? image The market couldn't decide whether to continue the decline or to retrace, so it went sideways. The ...

Scalping the EUR at the European open

Thurs 14th June. At 06:45 all looks bullish with the possible exception of EUR/JPY. This was due to a strengthening Yen. USD was also holding strength. Aussie was weak with a Kiwi showing a little strength. All in all an indication towards long ...

Scalping the EUR at the European open

Weds 13th June. Not a pretty picture with no synchronicity between pairs. EUR is bullish against the JPY and the Aussie, but bearish against the USD and NZD. Indecision in the market suggests staying out unless you can crab a few pips with a strong ...

Scalping the EUR at the European open

The real value of this strategy is that it works very well when all the criteria are met. This teaches is that to trade against the strategic rules is a very risky business and sometimes you will be lucky but most times you will not.

Scalping the EUR at the European open

Tues 12th June at 06:30 (GMT) looking bearish, but EUR/USD and EUR/JPY have fallen out of sync. This suggests that there will be indecision in the market and it will therefore be wise to stay out of the market unless there is a strong synchronised ...

Scalping the EUR at the European open

I went long on all four pairs, but only EUR/JPY reached its target and I closed all others when EUR/USD reached its line of resistance.

Scalping the EUR at the European open

Monday 11th June at 06:40 and looking bullish. image Here is the outcome at 08:09: image For me. the trick is to catch the 07:00 candle with a buy stop order above the pull-back. This strategy works well when the 7 am move is strong and there is ...

Scalping the EUR at the European open

Breaking the rules may be risky and spontaneous, but it can be profitable.

Scalping the EUR at the European open

Friday 8th June at 06:45 this is the situation: This pattern suggests that price will channel sideways, but let's see what the 7 am candle says. image Well! I didn't anticipate this outcome: Strong bear on the left two pairs, bullish on the Aussie ...

Scalping the EUR at the European open

Too many questions. I am conferencing on psychology this weekend, so have to keep it brief and don't have the time to answer these questions. Instinct comes into play with practice. Its called 'flying by the seat of your pants' if you don't mind ...

Scalping the EUR at the European open

Thurs 7th June. This is a near-perfect set of trades with uniformity across my chosen currency pairs. The slight flaw with a bearish 7 am candle was a bit scary, but it left a good lower wick and turned out to be a pull-back rather than a ...

Scalping the EUR at the European open

Change your broker.

Scalping the EUR at the European open

All of them.

Scalping the EUR at the European open

I use three MAs, 100, 50 and 20.

Scalping the EUR at the European open

Weds 6th June (D Day). EUR/USD is moving in sync with EUR/JPY, and the Aussie is synchronised with the Kiwi, but these two sets of pairs are polarized with each other. So, the trend for the left-side pairs is up and the trend for the right-side ...

Scalping the EUR at the European open