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My Scalping Trade

Before Eurpoe session. AUD storng down.

8_29.png


Before Europ +21pips
 
i try to understand your systems but please can u tell me how to choose pairs, which to choose

suppose right time fxheat map showing this .. what time fram ??
upload_2018-8-29_13-4-35.png
 

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or we have choose one positive currency and one negetive i am not understanding when to open trade and which pair we must choose
 
hemmy said:
i try to understand your systems but please can u tell me how to choose pairs, which to choose

suppose right time fxheat map showing this .. what time fram ??
View attachment 54364
Click to expand...
Look at the AUD/CAD +0.39% -0.45.
See horiznal, parallel line of AUD. look at the chart how AUD move. Strong down. you can trade over,under 3.5%. AUD pairs.
 
aud -.36% and cad-0.45.... we check horizontal line and find wich is more then 3.5% both should have - or + ..??
 
upload_2018-8-29_16-7-5.pnglike this aud gbp and nzdaud..aud-0.44% and gbp -0.53%

nzd +0.31% aud +0.49%
 

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and we should check heat map only on 10.55, 11.55, 12.55 and open trade on 11.00, 12.00, 13.00 like this.. after five minutes.. what time fram we should choose
 
upload_2018-8-29_16-21-54.pnghere is gbpcad pair.. but dont understand why you open buy trade here plz can u explaint it
 

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It sounds very good, I use something similar to see strong currencies vs weak ones. You can see the original strategy in forex factory in case it is of interest to someone.

forexfactory.com
 
Last edited by a moderator:
I´m really confused about the entry. I need to see an entry with the heatmap explained. Have no idea why you are buying or selling. Anyway, i´ll make a trailling EA for this strategy for everyone here in the group. BUT, i need to know exactly how do we enter a trade (with picture) and when does trailing start. Is it after 5 pips profit? how many pips behind price should it trail? Please explain in detail so i can make the EA
 
humm.. i think i got the logic of the green/red boxes guys.. i´ll try to explain and see if Mutnext agrees
 
hemmy said:
still i am confused with this red and green box and their percent
Click to expand...

It shows the relative strength of the currency on the vertical versus the currency on the horizontal.

HeatMap.jpg

For NZD, it shows 0.92 % weaker than USD and 0.6 % weaker than AUD.

So we should be looking to short NZD. Therefore we should be Short NZDUSD or Long AUDNZD. Long or Short will depend on weather the currency is base or quote.

Open the currency pair on MT4, say M15, you will be clear, now NZDUSD is moving down and AUDNZD is moving up because NZD is weak comparing to USD and AUD.

NZDUSDAUDNZD.jpg
 

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