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Posts Tagged ‘Strategy’

Flowtrade analysis

June 20, 2011 Leave a comment

Small circle: EMA 62 rebounce + 1.4250 rebounce

Large circle: Yet another opportunity for a flowscalp/ema trade.

Observations:

Subsequently EMA 62 fails to hold as resistance.

Possibly due to SMA 200 and the fact that MACD is bullish.

Conclusion:

Before taking flow scalps, consult MACD to increase probability.

TP of 25 pips is really amazing. It may be too little to some, but in actual fact, a fluctuation of 25 pips is really realistic.

Quoting Boris, this is considered “the meat of the trade”.

Longing from 50s to 75s or shorting from 50s to 25s is definitely easy when its in the middle of a strong movement. Strongly agree.

 

 

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Lesson learnt.

June 20, 2011 Leave a comment

Feels great starting the week on a high.

News over the weekend was pretty Euro bearish. With the Greek Finance Minister given the boot and the country being ushered into default, Asia opened USD bullish and hence executing a EURUSD short had high probability of success.

Trading is all about what you know versus what the market knows. Information is king. Knowing means staying ahead. Thinking back… How I went mad long USDJPY when my twitter was ringing none stop with news that BOJ has confirmed an intervention is a pretty good example.

And come to think of it, the reason May was a slump month for me was because I did not check my Twitter as much as I usually did.

Lesson learnt indeed.

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Intraday Scalping

May 5, 2011 Leave a comment

And yes. If you were wondering, it has been confirmed by an ex-trader/current Head of Learning @ CMC that what I do is indeed intraday scalping.

Contrary to what I feel (I’ve done 1 min chart scalps before, this is WAYYYYY slower than that).

On Pivot Points…

April 20, 2011 Leave a comment

Interesting how the price movement looks around the pivot levels after 1 day. I think this is a day of extreme movements, even R3 was reached. Right now I can’t really use this in my trading except for a FYI only purpose. But I would really want to incorporate or create some Pivot strategy someday.

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Flow Trade Scalping Strategy

April 13, 2011 Leave a comment

The creator of the above Flow Trade Scalping strategy has been spamming twitter for the past few days about his Flow Scalping.

Being curious I had to try demo it as his videos did look pretty good. (My innate scalping nature has surfaced again).

This is my result scalping the cable in just under 40 minutes:

Flow Scalping - how to make 40 pips in under an hour

For more details, please refer to Boris Schlossberg’s FAQ on Flow trading..

http://www.bkforexadvisors.com/session-breakout-strategy/

Let da man do the talking~

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