Another day another trade — Here it is. Pretty self explanatory.

Scalping the pip out of it

Trade I took today — This trade is a classic confluence of indicators. I had two previous highs that price came back to on the 15 minute chart and bounced off of. Market flow is up on 60 minute chart. Stochastics oversold on 5 minute chart. ...

Fitz Confluence Discretionary System

Another EY trade — So this trade is a good one to think about. Price has put in a huge run. This means that price has to retrace. There is pos div on the 15 minute chart!! Plus we have stochs bottoming out while price is hitting a support ...

Scalping the pip out of it

Trading in direction of trend — Here is a chart of a trending market. Notice the way that price engages the 50 and 200. They are good in co ordinance with stochastic. Trading in the direction of the trend in a high volume market is hands down ...

Fitz Confluence Discretionary System

Example — Here is another short term trade. This is a little more risky because there is no clear support or resistance to play off of. But I do have some good indicators of a long run here. As you can see I have stoch troughing low on the 5 ...

Fitz Confluence Discretionary System

Explanation — In the previous chart there are SEVERAL confluencing indicators happening. First I would say that we are in a short term up trend. 15 minute chart is making new highs. I do not exactly remember what the higher timeframes are ...

Fitz Confluence Discretionary System

Chart setup — This is what my charts usually look like when I trade. I will go further into the breakdown of confluence that I look for when I trade.

Fitz Confluence Discretionary System

Oscilators — I use Stochastic and MACD. MACD is always standard inputs for me. Stochastic is 10-5-3. Some people use 14-3-3 or 10-3-3. I find that this smooths the bands as much as possible. I also use RSI on the 5 min chart only. MACD on 15 ...

Fitz Confluence Discretionary System

So to start off another week of scalping, while in deep mediation, I had the thought to explain EMAs. I use 5 lines of EMAs on my charts. 5 close -1 horizontal exp. 8 open exp 20 close exp 50 close simple 200 close simple We need tight entries and ...

Fitz Confluence Discretionary System

A little better — This one on the other hand was a great setup and I took it for 35 pips. To be honest I stayed in my last trade and doubled down against it several times and came out almost 60 pips ahead. It was a horrible decision and I feel ...

Scalping the pip out of it

Oops! — Wow I could have not been more wrong on that one. Break of the resistance spent 60+ pips short. On the other hand it might have been a good shorting location. I am more long leaning here because it has put in over 200 pips down. Looks ...

Scalping the pip out of it

Setup — Here is a great setup. double bottom and stochs. What do you think

Scalping the pip out of it

Here is the thing — So here is the thing. I live in the US and keep getting questions from people around town like, " so did you get killed this week in the market?" to which I respond. No . I am having the best month probably ever. This ...

Scalping the pip out of it

I have some problems before asian session sometimes. And also on sunday when the market opens. But in most volume sessions I am pretty satisfied with it. I was recently talking with someone who is programing a platform with Arbitrage available. I ...

Scalping the pip out of it

Lol. You are absolutely right. I trade with http://www.dukascopy.com Check them out. Best I have seen anywhere. There are a clearing house. Dont be this guy! This is trading with Market maker instead of clearing house. To be clear a market maker ...

Scalping the pip out of it

This however was not a trade i take — There is just a lot less confluence on this one. It did double top and the same Fibs. Problem is it is below the 50 sma now and over sold on stoch 15. It did bounce but be careful

Scalping the pip out of it

YOU WONT Believe IT!!!! — OMFG. LOL this is it. But wait, IT IS EXACTLY THE SAME AS ALWAYS!!! This trade got me 84 pips with a 15 pip trailing stop loss Enjoy. Ps if anyone has any questions please ask.

Scalping the pip out of it

12 noon retrace — It happens a lot. the markets take a different direction at 12 noon. Here is my trade. Standard. Take it easy. Got in with an original 20 pip stop. When price moved 15 i moved to break even, then let it go a little. I ...

Scalping the pip out of it

This is what it looked like. I exited only a couple of pips from the bottom. Like i said i didnt want to wait for the retrace. Take care' Piitb

Scalping the pip out of it