Price Action Scalping

Nov 10, 2010
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2nd trade today:
similar setup as previous trade only the setup looking a little bit nicer. SL 6 pips and TP 9 pips reached in couple of minutes. Notice how the magnet of 1.32 pulled the price down?
If I did not mention already: I am trading mainly on Bob Volman's book 'Price action Scalping' on 70 ticks time-frame on EURUSD pair (if not stated otherwise) with GMT timescale.
cheers, fox
 

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Apr 11, 2012
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I personally don't trade the asian session at all it's typically so dead (for the EUR/USD) I tend to focus on London Open and New York Open.

What about you guys?

Good evening gents.
Not much time today and since EURUSD is almost dead this time I went to check other pair - AUDUSD. Not much better but after 10 minutes of watching I spotted a long channel about to get broken - higher highs, higher lows. Did not want to enter the trade after the first break and it really was a tease. Few minutes later after 2 dojis formed and EMA squeeze I just had to go in after break. Because the movement was slow I decided that the max TP I would go for is 8 pips and set SL at 5 pips.
Second trade with real money and successful.
What pairs are good for this method in asian session? Anyone doing non-EURUSD?
 
Apr 5, 2012
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I personally don't trade the asian session at all it's typically so dead (for the EUR/USD) I tend to focus on London Open and New York Open.

What about you guys?
I only trade the EUR/USD, at least lately.

I start trading a few hours into the London session, then trade the overlap period between London and New York. The end of the New York session can get pretty dull but I will trade it sometimes. I agree that the Asian session is usually slow but it has been good at the beginning of the week, Sunday going into Monday.

Chart
 
Nov 10, 2010
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so we all have similar trading schedule :)
cannot complain because I live in Europe and it fits my 'sitting-on-front-of-the-computer' schedule ..
another trade today:
after a quick rise the price slowly moving down forming nice lower highs. The break was not the cleanest, would prefer the dojis to appear one pip lower but because otherwise nice setup I sell at the break (SL=6 pips, TP=8). I believe I did not manage the trade well afterwards. I should probably close it before or let it run to full TP ( I exited at 6.5 pips profit, half minute before it went down and breaking TP level). Again I was impatient with the trade. I think that looking at being red for the most part of the trade took its toll. Gotta learn how to handle these situations.
Looking back at the chart a few more trades were possible today but again I was not at the computer...
 

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Apr 11, 2012
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Is anyone interested in continuing this thread here or elsewhere?

I certainly got a lot out of Mike's and others analysis.

-Matt