Ninjatrader Journals

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Forex scalping techniques16-17-18 Sept 2015

Forex scalping techniques 16-17-18 Sept 2015

It was three difficult days.The reason was that my biological clock was upset and traded in different times than those I usually trade.

https://www.youtube.com/watch?v=Fsjlx-aVT64

[YOUTUBE]Fsjlx-aVT64[/YOUTUBE]

The first trade I took was in 16/9/2015.I have lost the bullish breakout(sleeping) and attempted to catch a bounce in resistance in higher time frames in GBPJPY.The breakout was a valid signal with retracement offered 170 pips plus.As you remembered on 15-9-2015 I was trading in the Tokyo session.The gbpjpy train passed over me and the cost was -11 pips. Closed the platform for the rest of European session.

Late at night in the closing of New York ,I have a short signal and I am attempting to fade the great bullish move.

First attempt 17-9-2015 till next day at 10,54 European EST time = -20 pips.

Second attempt 11,30 retracement to short signal until 13.44 =-20

Third attempt double top 30 min after DOW open till 20.55 = -20

Forth attempt same day 21.30В* till 21,38 based on divergence= -20

Total for both pairs - 91 pips

Switching to gbpjpy short in 22.00 till 04,03 next morning . Total +139 pips
139 pips -91 loosing pips=48 pips net for the three days

I didn't trade at all on Friday to relax from the stress of the previous days.Counter trend trades are very dangerous and new traders must avoid them at all costs.

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Scalping techniques and Journal


Hello traders,

We had some nice trade signials today.

Pound dollar was very calm in Tokyo session.She gave only one signal after the London open with the potential of 170 pips.

Notice how narrow is the Tokyo session.

Then BOE made a Super Thursday for bears with the following key points

BANK OF ENGLAND KEEPS KEY RATE AT 0.5%; VOTE 8-1

BOE SAYS OUTLOOK FOR GLOBAL GROWTH HAS WEAKENED SINCE AUGUST

BOE FORECAST BASED ON KEY RATE 0.8% IN Q2 2017, 1% IN Q4 2017

BOE SEES CPI BELOW 1% UNTIL H2 2016, DOWNSIDE RISKS TO OUTLOOK

BOE SEES DOWNSIDE RISKS TO U.K. FROM EMERGING MARKETS

BOE CUTS CPI FORECAST TO 1H 2017, SAYS POUND IMPACT TO PERSIST

The GBPUSD has broken below the 50% of the trading range for the year - keeping the sellers in control and the dip buyers/longs nervous.


Traders will now keep an eye on that level for resistance. If the price can not get back above this level, the sellers remain in the dominant position.


The low from October 13 at 1.5199, is the next obvious target to get to and through. Swing lows from June and the beginning of September come in at 1.5188 and 1.5158 respectively. At the end of Sept/beginning of October the pair moved below these swing lows, but activity was more two-way. I think the market can "see" the other swing lows as more important targets. The 61.8% at 1.50849 corresponds with the May low.

GBPUSD super Thursday bear party.



GBPJPY acted similarly following GBPUSD potential for 200 pips.



EURJPY gave a long signal in the London open with potential to 55 pips.




I have made a ninjatrader template for a scalping technique to share today.

Download below:

This scalping technique works in the one-minute time frame. Its quite simple to understand and is composed of an automatic trendline, the Stochastic indicator and MACD.

The Scalping Setup

Indicators: Stochastic with settings: (5,3,3) and MACD with settings: (13,26,9)

Preferred time frame(s): 1 min chart

Trading sessions: Euro ans US Sessions

Preferred Currency pairs: Medium to high volatility pairs (EUR/USD, GBP/USD, USD/JPY, GBP/JPY, EUR/JPY,)

Download

Download the Forex Scalping Strategy With MACD and Stochastic for ninjatrader.

GBP/USD 1 Min Chart Example in ninjatrader





Trading Rules

Long Trade Setup:

The MACD indicator must be above the zero line (bullish territory).

Wait for the Stochastic indicator to go back above 20 from below (oversold).

This is the signal to enter a long position.

Place stop loss 1 pip below the most recent swing low point.

Price objective: Set at 10 pips above the entry point.

Short Trade Setup:

The MACD indicator must be below the zero line (bearish territory).

Wait for the Stochastic indicator to go back below 80 from above (overbought).

This is the signal to enter a short position.

Place stop loss 1 pip above the most recent swing high point.

http://forexraiders.com/wp-content/uploads/2015/11/1inscalpmacdstoch.zip

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Scalping Journal and strategy template 7 11 2015

Scalping Journal and strategy template follows.

Yesterday we had the biggest news event of the month.We took a scalping trade in the morning after the London open in EURJPY and then closed the station.

In the afternoon one hour approx after the NFP release the pair gave a superb short signal ,provide a nice retracement for entry in the trigger chart and then produced more than 100 pips potential.




Pound dollar was still under influence from the BOE comments so it didn't produce any fresh signals hust continued the melt down which filled the pockets of swing traders follwing the signal from super bear Thursday

gbpusd swing tradeGBPJPY provided some range trading with profitable signals followed by retracements as our forex system dictates.

As you can notice from the length of the blue box which is the Archimedes indicator provided a lot of volatility.



On the news side the U.S. Non-Farm Payrolls report blew away estimates, forcing investors to change the probability of a December interest rate hike by the U.S. Federal Reserve from 50% to 70%.

The U.S. Non-Farm Payrolls report for October showed the addition of 271,000 jobs, soundly beating estimates of about 179,000. The unemployment rate ticked lower to 5 percent, marking full-employment. Average hourly earnings increased 9 cents or 0.4%, for an annualized increase of 2.5 percent. This put it slightly above the Fed’s mandated inflation target of 2.0 percent.

The stronger-than-expected jobs report drove up U.S. Treasury yields, triggering steep breaks in the December Treasury Bonds and December Treasury Notes markets. Both futures contracts reached their lowest levels since late August. The 2-Year Cash market yield reached a high of 0.958 percent, its highest level since May 2010.

Higher yields made the U.S. Dollar a more attractive investment, forcing foreign currency markets sharply lower across the board. Sellers also hit the precious metals markets on the news with December Comex Gold futures dropping over $50.00 for the week.


The scalping strategy of the day is a 5 minute Strategy in ninjatrader .It is perfect for ranging conditions.I have removed the middle line in bollinger bands and painted the upper line to red in order to short it and the lower line to green in order to buy it.If you spot the ranging period it is a cash machine.

In the lower chart you can count 8 trades , 7 win one stop loss hit.

range scalping

Forex Scalping Strategy With Bollinger Bands
r chart you can count 8 trades , 7 win one stop loss hit.


Scalping the GBP/USD and EUR/USD 5 min trading charts with Bollinger Bands. This strategy works best in a range-bound market environment characterized by almost flat horizontally aligned Bollinger Bands.

Scalping Setup

Indicators: Bollinger Bands with default 20,2 settings
Preferred time frame(s): 5 min
Trading sessions: EUR, US
Preferred Currency pairs: GBP/USD, EUR/USD
Download the Forex Scalping Strategy With Bollinger Bands for Ninjatrader.

http://forexraiders.com/wp-content/uploads/2015/11/range-scalping.zip

range scalping.zip

GBP/USD Chart: Strategy Example

Trading Rules

Buy Rules:

Bollinger Bands needs to be almost flat (range trading)
The price touches the lower Bollinger Band

Open BUY position. Set stop loss at 10 pips below the entry price. Close the trade at the upper Bollinger Band.

Sell Rules:

Bollinger Bands needs to be almost flat (range trading)
The price touches the upper Bollinger Band

Open SELL position. Set stop loss at 10 pips above the entry price. Close the trade at the lower Bollinger Band.