It can be if it fits. Often USD, JPY and CAD are in sync when AUD and NZD are not. Does this make sense?

Scalping the EUR at the European open

Synchronisation between all four pairs is almost guaranteed that they will all move in the same direction. If two are one way and two are the other it means that there is indecision for the EUR and whichever way they move is likely to falter. Check ...

Scalping the EUR at the European open

Monday 17th July. Conflicting signals from the 7 am candles where they indicate to go short against a rising trend on EUR/USD and EUR/NZD. JPY is just channeling sideways along that daily pivot. With no synchronicity this is not a good set up for ...

Scalping the EUR at the European open

For an end of week review for EUR/USD on the 30 m time frame we can see it has been a week of high volatility. No surprises here if it hasn't been a very profitable week for EUR scalpers. The most important thing is that we don't get burned with ...

Scalping the EUR at the European open

Friday 14th July and another scenario of mixed messages with no synchronicity in EUR pairs. When USD and JPY are out of sync with each other it is never a good sign. For EUR/USD and EUR/JPY the 7 am candle was indecisive whilst for AUD and NZD the ...

Scalping the EUR at the European open

Thursday 13th July. A strong USD and NZD gave conflicting messages for EUR this morning with indecision creeping into the market. Conflicting 7 am candles indicated staying out of the market and this was realized with no definite price movement at 8 ...

Scalping the EUR at the European open

Wednesday 12th July and EUR/USD reached spitting distance from a new high at 11,500 after yesterday's rally for all EUR pairs. Reaching a new high is usually a pretty sure sign that price will retrace to the downside, and EUR/JPY paved the way by ...

Scalping the EUR at the European open

Tuesday 11th July. This was the scenario at 6 am this morning. We can see clear divergences in the synchronicity between USD and JPY and between AUD and NZD. I don't see any possibility of a clear trading direction from these patterns at this time, ...

Scalping the EUR at the European open

Me too. It's called taking price action. I came away with £62 this morning. That's not bad for a couple of hours fishing, watching the float bobbing.

Scalping the EUR at the European open

Monday 10th July and a bit of a scary day for EUR scalpers. A strong AUD combined with a weak JPY put EUR pairs in conflict with each other and EUR/USD clinging between 11,400 and its daily pivot. This was a day for subtle price action on the ...

Scalping the EUR at the European open

Here is the end of week review for EUR/USD on a 30 m time frame. Notice the 7 am candles for their directional value. You may notice the a bearish bar at 6:30 often reverses to a bull bar at 7 and is then reinforced at 7:30. Correct me if I am ...

Scalping the EUR at the European open

Friday 7th July, and after the rally of yesterday little was expected for today. A weak NZD showed the first indication of a reinforcement to the upside at around 6 am where price bounced away from its daily pivot. The 7 am candle all indicated a ...

Scalping the EUR at the European open

Thursday 6th July and it would appear that market dynamics have shifted our 7 am 'truth' candle to 7:30. The first indicator of a move to the upside was given by a universal weakness in the JPY at 6 am. It pulled back a touch until 7 am when it ...

Scalping the EUR at the European open

Wednesday 5th July. EUR has been bearish for a week or so and may have reached a bottom at 11350 with EUR/USD. All pairs showing a swing across the 100 ma on the 15 m charts with EUR/JPY and EUR/NZD taking the lead, not with a strong EUR, but with ...

Scalping the EUR at the European open

Tuesday 4th July and loads of conflict with the EUR pairs this morning. The whole scenario was pre-empted by a drop in EUR/USD and EUR/JPY at 6 am. By 7 am on the 15 m time frame price had bounced off significant support levels and the 7 am candles ...

Scalping the EUR at the European open

Monday 3rd July and loads of conflict in the EUR market today. This chart was taken at 7:15 showing the conflicting signals of the 7 am candle on the 15 m charts. There is inconsistency in the major trends with the strong USD pushing EUR/USD down, ...

Scalping the EUR at the European open

Friday 30th June. A tricky day today with all EUR pairs on the bottom of the strength list indicating weakness. EUR/USD price is above the daily pivot and showing an up trend with all others below the pivot and showing a down trend. There is clearly ...

Scalping the EUR at the European open

Thursday 29th June saw EUR/USD trundling along a channel around the 11400 mark. Not a profitable day as price didn't spike until after 8 am and not by very much until it came back to bounce along the 11400 line. image

Scalping the EUR at the European open

The problem with uploading charts was a matter of wi-fi service provider. I am now using my own mobile phone hot-spot. Perfect.

Scalping the EUR at the European open

Wednesday 28th June and the strategy worked perfectly today. I bit slow perhaps, but all the indicators were telling the truth and good scalps were taken. image

Scalping the EUR at the European open