Another setup — Here is a good confluence... There is a huge swing low on the 1 hr chart right at price action... Not quite to the fib level but I got in. I am in short at 109.81 Stop 110.00 Target 109.50( I apologize, I mean to have it 109.54 ...

Scalping the pip out of it

Now that I look at it I prolly would have taken that trade right at the 200EMA... If you took it your risk reward was good and it would have been a great scalp! Well played sir.

Scalping the pip out of it

Very important technicals — It is very important to realize that when you take divergence it needs to be in terms of cycle high, highs and cycle low, lows. I noticed that you took a cycle high, low on price action and stoch swing lows. This ...

Scalping the pip out of it

Out of the office — Hey Valhalla... Sry, Some friend came from out of town and we had sort of a bender so I have not been up to date of price action... I will be back on for the later session today. Good risk and good luck.

Scalping the pip out of it

Kissing a girl! — Hey there... One of the closest analogies that I can draw about scalping in forex is kissing a girl. Now let me clarify that I am talking about when you are all of 15 years old and have no idea cause you havent reallly done ...

Scalping the pip out of it

Follow up — Stochastics are still relatively oversold and still there was a great little scalp that has unfolded here! We hit our target and pocketed some pips... It will probably continue for a bit before it sets back in on its direction. ...

Scalping the pip out of it

Unusual Pair — I usually do not trade this pair but I saw my setup and I went for it..... we will see. This is a oversold stoch set which is at a 38 fib. Hourly stoch is also oversold which I really like to have all three in the same ...

Scalping the pip out of it

Nice trading! — I saw what you were talking about with the short and subsequent long on the yen crosses... Well traded. It is great to see these trades work for you! Please feel free to share charts and analysis. Again it was good getting to ...

Scalping the pip out of it

... Also I would only use fibonacci for price projection from the most recent run. It might still have some value from the previous run down but it is not as accurate

Scalping the pip out of it

Careful — I would be very careful during this time of day especially. There is little volume here from an institutional standpoint. Also market flow is up on the hourly and although it is down on the 4hr you have a huge hammer 3 candles ago. ...

Scalping the pip out of it

Yes... Technically market flow has changed and is to the upside. One rule to increase the value of your trades is to only scalp in the direction of 1hr market flow as well as MACD angle and seperation in the direction of the market flow!

Scalping the pip out of it

25 Pips! — 25 pips.... count 'em Pretty simple and straightforward PhoenixForexhttp://www.phoenixforex.org

Scalping the pip out of it

Quick scalp setup — So to be clear the last setup was for a long position at the fib level... That was on the open of the weekly markets. Price has put in over 100 pips and this scalp is short the other way Stochs overbought and a head and ...

Scalping the pip out of it

Wheres waldo? — Can anyone see the trade here? I will give you a hint. Support/previous resistance... PhoenixForex

Scalping the pip out of it

Double top on 1 hr chart — This is a great setup. Very low risk. There is a hammer at a double top on a 1hr chart of the EY after the market has exceeded its daily range!!!! This is a chart of the GY which I am short as well Grrrreat low risk ...

Scalping the pip out of it

Price rejection candles — I want to talk for a moment about good confirmation in trades. I have said that I wait for stochs to be dually overbought/sold. But what I look for for good confirmation is price action or support resistance. This is ...

Scalping the pip out of it

Trend changes — One time in the market where the scalping that I show will get tossed around a bit is when there is a trend change. It is hard to scalp in the direction of the trend when it is going against the major trend to start on a new ...

Scalping the pip out of it

Previous scalp — BTW if you had gotten in exactly at 109.85 you would have had a 20 pips scalp because it did exactly bounce off of your figure.... Good job! PhoenixForex

Scalping the pip out of it

Actually that looks like a great place to short. Getting the exact entry is the key here. Based on my methods for scalping I would say 110.25 was a great place to short... Next would be 110.55; Fib level and previous hourly railroad track bodies. ...

Scalping the pip out of it

How to exit... — A wise trader once told me " Jon, you will never lose your entire account entering a trade, But you can depending on how you exit!" This seems almost secondary to good entries. We tend to think if I can nail my entries I can ...

Scalping the pip out of it