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Scalping the pip out of it

It took a while, but price finally came down on the EUR/JPY. In for a few pips but would like to see it drop a little more before closing the trade.

Scalping the pip out of it

The AUS/USD continues to rise with good economic news. I have a better than break even stop loss and I am giving it some breathing room. I closed my USD/CAD trade with profit. Price was too indecisive and I lost confidence in the trade.

Scalping the pip out of it

Taking the EUR/JPY sell short at 131.15. This is a a range bound pair with no real trend direction. Unless fundamental news comes out in support of a direction, I feel like it is pretty safe to scalp within the range.

Scalping the pip out of it

Pretty good entry, although price didnt come down much. I am confident that we could see more downward movement as the later sessions develop. For now I am liking the positions I am holding.

Scalping the pip out of it

Price has gone down and came back up for a retracement. I added a position 1.0545 and If price continues down I will add more positions. If price turns against me I need to reevaluate my stop position to reflect the added margin of a new position

Scalping the pip out of it

Price has gone up on interest rate news. We will see retracement before it puts in another leg of the journey. This one kind of scared me. Two fundamental announcements in one night with different market interpretations! YIKES. Still holding long ...

Scalping the pip out of it

This is the CAD. Price collapsed once before only to shoot back up. We will have to see if this is an actual descent or just another order covering for institutional investors. The chart looks great to me. I will be selling on the rallies

Scalping the pip out of it

This is the chart of the AUD/USD. Price reversed on very poor fundamental numbers coming out. Then reversed again on interest rate statement. I am still long and have moved my stop up to a tighter position. I am still long bias and will look to buy ...

Scalping the pip out of it

Here is the trade I took on the USD/CAD. Price has turned against my position. I am still interested in the trade. I thought that it may take a new high before price comes down. I am monitoring the trade and I will decide whether it is acceptable to ...

Scalping the pip out of it

I am short the USD/CAD. Double top with some good resistance on the higher timeframes. I think that this could be the moment to get in short for me. I could also see it putting in come higher highs to shake off any tight stops before going south. 5 ...

Scalping the pip out of it

Did not have to average down. I may have like to but I am sticking to my game plan. Price caught up with me and I intend to ride it up for a ways. I still have a long bias but I will update my stops depending on where price goes from here. I dont ...

Scalping the pip out of it

I am in on the AUD/USD. I took a very small position because it is not the best entry. If price goes against me I will have a few opportunities to average down with acceptable margin. The Aussie has had some good fundamental economic news and may ...

Scalping the pip out of it

AUD/USD update. We have seen market-flow change the higher timeframes and looking for an opportunity to enter. It is difficult if you cannot sit by the computer all day, but we may have a setup forming for a long opportunity. We want to get a buy ...

Scalping the pip out of it

TTotally have NO TRADE here. But we are not giving up on the idea. Maybe wait until the lower timeframes reset and reconsider the position. This is how to set up your trade bias and wait to get in at the right moment.

Scalping the pip out of it

All of the 4 hour 1 hour indicators seem to warrant a long trade consideration. If price looks good on the 5 and 15 minute charts we may have an acceptable long entry. More on that as it develops.

Scalping the pip out of it

We have a daily chart of the EUR/USD meeting with several repeat rejections at this key level. As we dial it in to lower timeframes we may be able to see a bounce in price.

Scalping the pip out of it

Got a little push and considering where to go from here. Stochs are still overbought on the 15 and 1 hour, oversold on the 5. If I hold it, I will have to wait for 5 min stochs to reset. Hard to say in a market that is not trending. I may just get ...

Scalping the pip out of it

So I have a confession to make. I took a short trade on the EUR/JPY. I know I said I was not going to but it set up and I got in. Here is the trade.

Scalping the pip out of it

Market flow as changed on the 4 hour down. This is an interesting moment in the market. At first glance I would like to get long on this cross with so many positive indicators. BTW the Aussie building approval numbers were great so looks like ...

Scalping the pip out of it