ForexSpirit

The past two days of 40+ pip moves during the 6:00 EDT hour are not the norm as far as I can ascertain. It’s far more typical to experience limited moves such as what occurred today.
The big move that started in the Tokyo session which lasted until 5:00 EDT was extensive enough that [...]

I console myself that I’m still a novice at this scalping lark. The hope is that the journey ahead will evolve my abilities and skillset so that I can successfully transition through apprentice, journeyman and expert stages before I am able to consider myself a master one day. But that’s a path with [...]

Today was the exact opposite of what I traded yesterday. Today was the most dangerous type of day IF you get the bias wrong. Today was a trend from the open day. Price fell 40 pips over the course of the hour with nary a pullback or retrace in sight.
When doing my [...]

I held my own today in a rather range bound session. If anything, I just wasn’t bold enough. I played it a little too safe, which can be a definite weakness if price isn’t going anywhere.
The start of the week saw the weekend gap being closed, 1.4085 providing resistance on the topside and [...]

It was almost as if I was caught in a trading time loop today, with the first thirty minutes pretty much identical to Wednesday and Thursday.
Let’s take a look at my pre-session analysis before I recount how things then fell apart.
The long term trend seems to be undecided right now. Yesterday’s NY session saw [...]