Forex Elite Trader: Effective scalping strategy with minimal drawdown

Discussion in 'Forex' started by Forexer Guru, Jan 8, 2025.

  1. The only opportunity we have today lacks upward momentum

    too risky to open a single trade when we have the following news in the next 2 hours
    upload_2025-1-28_14-14-22.png


    upload_2025-1-28_14-15-53.png
     
    #91     Jan 28, 2025
  2. no momentum
    upload_2025-1-28_14-58-46.png
     
    #92     Jan 28, 2025
  3. shine

    shine

    Do you mostly choose this time (after 11:00) for trades?
     
    #93     Jan 28, 2025
  4. Hi @shine please check your inbox
     
    #94     Jan 28, 2025
  5. from around 7 a.m.GMT when the heaviest overlap occurs in the U.S./London markets
    I also trade during Asian/European sessions overlap
     
    #95     Jan 28, 2025
  6. cadchf

    hard to tell which direction it will take. but I feel like taking a risk (real account, not demo. will publish the demo results soon)

    upload_2025-1-28_17-2-13.png
     
    #96     Jan 28, 2025
  7. One minute chart, it began by moving up step by step but not sure of the outcome after one hour (actually 50 minutes from now)
    now
    upload_2025-1-28_17-9-21.png

    then

    upload_2025-1-28_17-7-4.png
     
    #97     Jan 28, 2025
  8. cadchf looking good but can reverse at any moment and we incur a small loss

    upload_2025-1-28_17-25-44.png
     
    #98     Jan 28, 2025
  9. exactly what I was talking about but will let it run for the remaining 27 minutes

    upload_2025-1-28_17-32-25.png
     
    #99     Jan 28, 2025
  10. reversed as I had expected

    upload_2025-1-28_18-14-4.png
     
    #100     Jan 28, 2025