There is no synchronicity this morning. AUD and NZD are usually in sync, but today they are opposite each other. For EUR/USD the 7 am candle is counter to the trend. For me this is a day to stay clear of the market as there is too much indecision. ...

Basket Trading the European Open

Too much volatility. Look at that spike.

Basket Trading the European Open

It has just gone 8:04 GMT and time to have a close look at today's scalping action for future reference. Below are three baskets: one for EUR pairs, one for JPY and the other for NZD. Remember, we are looking for synchronicity is the shape and ...

Basket Trading the European Open

Watch the price action on the EUR pairs. Too much conflict this morning. Very tricky. Best to stay out on a day like today and just watch the price action for educational purposes.

Basket Trading the European Open

Yes, but the 7 am candle is pointing in the wrong direction. Too much conflict, so stay clear.

Basket Trading the European Open

Monday 30th Oct and NZD is the weakest currency showing synchronicity in the shape and downward direction of the trend on all pairs. To go long with NZD will need a bullish 7 am candle going against the trend. This is a risky strategy, but could ...

Basket Trading the European Open

Friday 27th October. There isn't much we can do with a situation like this. image

Basket Trading the European Open

There is a difference between a scalp and a longer term day-trade. I am scalping, which means I'll take the short term scalp and exit. When momentum is strong and there is no resistance you can expect a target of 25 pips to be met on all pairs. ...

Basket Trading the European Open

Every morning yes. The strategy works for all major currencies, but the ideal trading patterns do not emerge every day. It is important to recognise the essential criteria for the strategy to work. Do not try to make it work if the criteria are not ...

Basket Trading the European Open

I have all my currency pairs pre-set. At 6:30 I page through them to see which pairs are in a synchronised pattern. Check back through this thread and you will see examples. With long trades I have observed that the 6:45 candle, on a 15 min time ...

Basket Trading the European Open

Simply follow the rules and win. Sometimes one pair will realise a better return than another. Look at the return on EUR/NZD and EUR/JPY in comparison with EUR/USD on this morning's charts.

Basket Trading the European Open

The 7 am candle is an important indicator which shows the 'probable' direction of the continued move. A conservative trader would place a buy stop order above the close of the retracement after the 7 am candle if all pairs continue to show ...

Basket Trading the European Open

Thursday 26th October. EUR pairs are showing strength and synchronicity this morning. Watch what happens with the 7 am candle....

Scalping the EUR at the European open

The short answer is 'No". If you like I could indicate which pairs meet the strategic criteria each morning, or announce where there are none. Is anyone interested in that kind of 'heads up'?

Basket Trading the European Open

Sorry for the absence, but I have been traveling from Crete to UK via Germany. I also have other things to do, but getting back into the routine again now. Best to all.

Basket Trading the European Open

Tuesday 24th October. If you have your currency pairs set up and prepared in advance, it is easy to glance through them at 6:30 to check out the trend patterns. Choose the currency pairs with the best synchronicity. This morning was the turn of AUD ...

Basket Trading the European Open

Wednesday 18th October presents us with an excellent example of this basket trading strategy at its very best. Let's see how the strategic rules were met with this currency this morning: All NZD pairs were grouped together at the bottom of the ...

Basket Trading the European Open

Monday 16th October. Good morning EUR scalpers. Those of you who are following the strategic rules would have made good trades today. Take note of the support level on the EUR/USD that impeded progress where profit takers halted the down move just ...

Scalping the EUR at the European open

I tried MT4 in order to show my trading results in the explorer, but I just could not adapt to using it. I find the IG Index platform software so much more responsive. But whichever platform you use should give the same results because the market is ...

Scalping the EUR at the European open

Friday 13th October and not bad luck at all for EUR scalpers. The charts below illustrate how the strategy works, and how patience pays off. It is pointed out in this thread that the ideal situation does not happen every day, but when it does then ...

Scalping the EUR at the European open