Forex scalping using Ninjatrader Semiautomatic handling

[Blazir]

forex scalping 7 9 2015

forex scalping 7 9 2015

forex scalping yesterday brought very poor results in an extremely slow market.Initially in the London open I have lost an entry to a valid signal to gbpjpy by two pips since my limit order didn't trigger and the pair produced a very niceВ* run (....pips)Late in the US session I gave a short order in the pair which I left it open during the Tokyo session but I have close it with +5 pips early in the morning while I saw it reversing.gbpusd gave the signal very early in the morning so I dint touch it.eurjpy produced one of the slowest sessions I have ever seen.I have attempted a long 15 minutes before London close but the pair reached 9.5 pips in four hours of trading without hitting my scalping target and reversed so I closed it by loosing five pips.Then I reverse it and left it open in the Tokyo session achieving the 10 pips target but the third part of the order stop out early in the morning.I even forgot to open the mic while I was explaining in the video.Sorry for this.https://www.youtube.com/watch?v=OsRTLY6MSIkThe pairs with remarks on themgbpusdgbpjpyeurjpy

 

[Blazir]

forex scalping 7 9 2015

forex scalping yesterday brought very poor results in an extremely slow market.
Initially in the London open I have lost an entry to a valid signal to gbpjpy by two pips since my limit order didn’t trigger and the pair produced a very niceÂ* run (….pips)
Late in the US session I gave a short order in the pair which I left it open during the Tokyo session but I have close it with +5 pips early in the morning while I saw it reversing.
gbpusd gave the signal very early in the morning so I dint touch it.
eurjpy produced one of the slowest sessions I have ever seen.
I have attempted a long 15 minutes before London close but the pair reached 9.5 pips in four hours of trading without hitting my scalping target and reversed so I closed it by loosing five pips.
Then I reverse it and left it open in the Tokyo session achieving the 10 pips target but the third part of the order stop out early in the morning.
I even forgot to open the mic while I was explaining in the video.Sorry for this.
https://www.youtube.com/watch?v=OsRTLY6MSIk

The pairs with remarks on them
gbpusd

gbpjpy

eurjpy

 

[Blazir]

forex scalping 8 9 2015

forex scalping 8 9 2015

forex scalping is not easy.

Today I felt like the man going to the casino feeding the slot machine and the time he gets disappointment and leaves his place the next guy hits the jackpot.

This thing happened in the morning with eurjpy and gbpjpy trades. The moment they reversed I was so tired to follow.They gave 100 pips plus.

In the European morning I have took a wrong short trade in gbpusd and I sweat to close it to breakeven.

Then in the afternoon I took a long signal in eurjpy waited the retracement. Enter in the trade in correct position . Then the pair three times it almost touched the first target of 10 pips with 9.5 pips and dropped.

The third time I closed it to breakeven and saved my stop loss since it dropped 40 pips entering in a range period.

So I gave up for the day at least I didn't ended red and wrote a part in the video about consistent profitability.

the Law of large number and how it impacts your trading

Before anything else, you must understand the law of large number.

what’s that?

The law of large numbers is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. – Probability Theory

For a trader, this means you need a large number of trades for your edge to play out.

You will not be consistently profitable every week, taking 5 trades a month.

Why?

Because according to the law of large number, results are random in the short run, but will be closer to the expected value in the long run.

Focus on whether what you are doing is right, not on the random nature of any single trade’s outcome. – Richard Dennis

What is consistency?

Since the law of large number requires a certain number of trades for your edge to play out, how does it impact your trading?

forex scalping – Trading at very high frequency, like 10,000 trades a month. You can expect to be profitable in most of the months, or even everyday like Virtu Financial.

Day trader – Trading an average of 3 – 5 times a day, you can expect to be profitable in most of the quarters.

Swing/position trader – Trading an average of 5 – 15 times a month, you can expect to be profitable in most of the years.

The more trades you put on during a shorter period of time, the faster your edge will play out.

But without an edge in the markets, the more trades you put on, leads to blowing up your account even faster.

[VIDEO]https://www.youtube.com/watch?v=zoVJTRlthaU[/VIDEO]
https://www.youtube.com/watch?v=zoVJTRlthaU


The pairs I watch every day

gbpjpy

gbpusd

eurjpy

 

[Blazir]

forex scalping 9 9 2015

forex scalping 9 9 2015

We had two successful forex scalping today in Pound dollar.
The first setup came after pound news in the morning ,industrial production.
The pair moved fast to south and we took the retracement in the borders of our Tokyo box.
The first scalping target came in threeВ* minutes which is the ideal scalping time.Trailing stop activated but unfortunately it dint lasted and hitted in less than thirty minutes,
Then the pair made another attempt to break the 50 area and we short it again.
This scalping took over oneВ* hour and we close it with just 5 plus pips. It reversed just after we close the trade.
The other two pairs we watch didn't gave descent setups and signal in the European morning with retracements.
We managed to remain green today too and that is what matters.
Conclusion
Ideal scalping time is less than ten minutes if a pair sticks in a specific level for a period of an hour or so it will reverse.Some people call this pattern 1 2 3 reject.​

https://www.youtube.com/watch?v=4CfMcziS09w

В*The three pairs we watch everyday and their signals today
GBPUSD with our forex scalping trades marked

gbpjpy

eurjpy
​

 

[Blazir]

forex scalping 10 9 2015

forex scalping 10 9 2015

Scalping didn't started well today.I have entered in a ranging pair the eurjpy.I had a counter trend signal ten minutes before London open wait for the retracement and entered. The trade went red from the first minutes and gave an opposite signal.I had a chance to close in breakeven but I haven;t got a new resistance or support in the trigger chart so I didn't close.One hour later I paid the error for 20 pips.While I was in the eurjpy trade I took a long signal in pound dollar and sixty minutes later I got a perfect retracement were I got in long for intraday trade.This trade hit in the final stage approx 65 pips. I close initially 2/3 of the position but while I saw how it was approaching a resistance in the higher 2 hour time frame IВ* close it all.Few minutes later it reversed and dropped 60 pips down,The moral of the story today is: 1. close to breakeven when you have the chance and 2.В* don't be greedy.Another day closed green with nice profit.The title of the video with the trades consistent profitable.

https://www.youtube.com/watch?v=AVORUOag31Y

thethree pairs I watch

gbpusd


eurjpy



gbpjpy

 

[Blazir]

forex scalping 11 9 2015

forex scalping 11 9 2015

Scalping went well today.Initially I have started with a fresh signal in eurjpy .The signal came up some minutes before London open.
I took the retracement and scalping target in 2/3 of the positionВ* came in three minutes. Ideal forex scalping duration time.
Then the pair moved very slowly in the next hour and a half, lost my patience and close it in +3 pips for the rest of 1/3 position.
Wrong decision since the target I was aiming came in the next one hour.
The second trade I took in Pound Dollar and made more than an hour to pay.Finally we got the scalping target and we left a tiny piece to close with trailingВ* three and half hours later.
You may find useful the below information for your trading next week.​

CFTC commitment of traders released September 11, 2015:EUR shorts 81K vs 68K shorts prior weekGBP shorts 18K vs. 11K shorts prior weekJPY shorts 7K vs 16K shorts prior weekCAD shorts 49K vs 55K shorts prior weekCHF shorts 7K vs. 8K shorts prior weekAUD shorts 53K vs 56K shorts prior weekNZD shorts 12K vs 8K shorts prior weekThe data is from the close of business on September 8, 2015EUR shorts increase by 13KJPY shorts move closer to square and near the years smallest net position of -5.4K. JPY positions have not been net positive since Oct 16, 2012 week.Our primary target to finish the week in green was achieved again today.

I gave the title to the videoВ* consistent profitability.​

https://www.youtube.com/watch?v=WLFv6qBUEco

The three pairs I watch with remarks and trades on them.
GBPUSD



EURJPY


GBPJPY
​

 

[Blazir]

Consolidation and breakout 14 9 2015

Consolidation and breakout 14 9 2015

Consolidation and breakout is one of the most profitable trades you can takeВ* in any financial instrument.The problem is to find the real breakout or you will be caught in range .As I have predicted on Friday post GBPJPY would break in the next session.So with patience I was waiting for a signal in the European session today.After the fresh signal I wait for a retracement and retracement came.I entered in the most safe spot but the pair scared me initially because it continued to climb and gave opposite signal.The higher time frame chart- which carries my swing system on it-was in pivotal point.Either it would break the pivotal point and collapse or it will bounce from the pivotal point and resume the bullish trend.I was undecided what to do, close in breakeven or continue in the trade.Finally after 29 minutes gbpjpy moved fast in +12 pips and close my first scalping target.Since I was waited for a breakout I converted the trade to intraday by canceling the trailing stop ,entering a stable stop in 92 and left the trade with 1/3 of the position to see what it will bring.I have opened the platform again 30 minutes after the DOW open and the trade was in +101 pips.I decided to leave it open until London close and keep the strategy wait andВ* see.Twelve minutes after the London close the pair was still in no mans land giving me 100 pips and I closed everything for the day.

I have wrote everything to video as usual ,enjoy

​

https://www.youtube.com/watch?v=2zaM63R1KMU

The three pairs I watch every day with trades and remarks on them

GBPJPY



GBPUSD



EURJPY

​

 

[Blazir]

When to close forex trading positions ? 15 9 2015

When to close forex trading positions ?

When to close forex trading positions? The most of the times I close open positions around London close.I sleep better at nights.Rarely as yesterday I had open position during the Tokyo session.In these cases I close them few minutes before Frankfurt opens.Reversals and stop hunting will follow I don't want to be in.Yesterday trading was difficult for the three pairs I watch.GBPUSD produced a nice signal with over 150 pips move south but with no retracement.EURJPY produced a long signal with retracement but took in demo only.Finally GBPJPY was ranging all day and since I was waiting for a breakout a took the retracement of a short signal which generated in DOW open.Trade went bad and lost 25 pips. Left the charts open and found a pivotal point, a third touch in the upper area of the gbpjpy range and took an intraday trade with stable stop approx 20.30 EST European time.This trade was left open during Tokyo session and produced 48 pips.We made 23 net pips for 15 of September and closed it 20 minutes before Frankfurt open.

https://www.youtube.com/watch?v=MtM1Tu8gtAMThe


three pairs we watch every day with remarks and trades
GBPUSD



GBPJPY



EURJPY

​

 

[Blazir]

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

​

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.

 

[Blazir]

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. It’s 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.

[URL deleted]

 

[Blazir]

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



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.