Wednesday Aug27th Frankfurt

On scalp 1 = don't always wait for it to break previous resistance. In fact, this is what is holding you up! Watch the rainbow setups look for high prob situations and only scalp what you see don't even look at old resistance. You should have had great money on this first scalp. Should have held scalp 3... You need to hold more and trust your instincts get out of your way. You are your own enemy. Scalp 4 was a money reversal!

Scalp 1 = -3
Scalp 2 = +2
Scalp 3 = 0
Scalp 4 = +8

Tuesday Aug 26th Frankfurt

Let me star by saying that every trade I entered was right I only needed to hold them longer....Liquidy was bad during this scesssion with my spread being 2 each trade.

Scalp 1 = -1
Scalp 2 = -1
Scalp 3 = -5
Scalp 4 = +2

Again just stupid fucking trades...

Monday Aug 25th

Was not able to scalp... Perhaps this was a good thing given Sunday night.

Sunday Aug 24th Frankfurt

I did not do well Sunday! The major moves happen on the 9:00pm hour and there was not to much action after during 10:00 and 11:00 - 12:00. However I still scalped during times I shouldn't have. I had about 3 scalps where I lost 2 pips each. I was good to get out quickly but I never should have been trading anyway.... I need to remember that E/U moves slowly its not E/J. I also need to scalp less. Limit to 2 or 3 per secession.

Scalp 1 = -2
Scalp 2 = -2
Scalp 3 = -2
Scalp 4 = -3

Thursday Aug21st Frankfurt

Thursdays are hard for me give other obligations... Also, I'm having trouble with broker and am in the middle of a balance dispute. So I have no account to trade with at the present moment. I took a shot of the secession looks like there were some good moves...

Zero Scalps...

Wed Aug 21st Frankfurt

I started watching at 9:30 and there was no action what so ever at the start of this period. I'm starting to think its best to just start watching at 10:30 to 12. I did well getting out of bad trades during this period. However I should have never trade scalp 3 and 4. Scalp 3 was just a bad time to scalp with low activity and scalp 4 was trying to make up for scalp 3 on the same formation. It should be a general rule to only scalp once per setup. Also, Scalp 6 was the stupidest trade of all time it has been a rule of mine never to take trades against the bottom line of the setup. This was just blatant over trading etc... Stupid...

Scalp 1 = +2
Scalp 2 = -2
Scalp 3 = -2
Scalp 4 = -2
Scalp 5 = +9
Scalp 6 = -5

Tuesday Aug 19th Frankfurt

The 11 o'clock hour is amazing!!! I need to stop watching at 9:15 to 12am... My first scalp started out as a good looking trade but turned on me. I was able to get out only down 3 pips. I reentered on this trade a couple of minutes later and make good money... 8 Pips total.

Scalp 1 = -3
Scalp 2 & 3 = around 8
Scalp 4 = 3 (No picture)

General Notes...

1) Don't just wait for breakouts

2) Scalping in the direction of the trend after a spike in the op direction...

Monday Aug18th Frankfurt

Learn to hold trades a little longer... You aren't scalping E/J anymore. Also I will increase my balance if I'm not distracted trying to watch the Olympics but still a good secession... Up 6 Pips...

Scalp 1 = 1
Scalp 2 = -1
Scalp 3 = 6

Sunday Aug 17th Frankfurt

I wasn't able to get my broker window open in time to take the first scalp but I would have traded it. I did not include it in the total. Also on the third scalp when you see a rapid move in one direction against the current trend get ready for a reversal...

Times: 9:40, 10:22, 11:00

Scalp 1 = 7 Pips (Was not able to actually trade it, see above)
Scalp 2 = 1 Pip
Scalp 3 = 5 Pips

Thursday Aug 14th Frankfurt

I was very distracted during this secession and missed some very good moves. Thursday is the end of the Forex week at least if you're on pacific time and it looks very good for scalping... Being that I waited the whole weekend to post I don't really remember where I traded. I attached a picture of the secession. Some great moves that I missed being distracted...

Total = -4 Pips...

Wednesday Aug 13 Frankfurt

Great moves.... 9:30pm to 10:07pm... Done!

Scalp 1 = + 4 pips
Scalp 2 = + 7 Pips

Note: Only scalping E/U from now on... Also, for some reason ADM quotes were down and I had to scalp on Oanda....

Tuesday Aug 12 Frankfurt

Good secession tons of really good moves. I missed one and entered late on one due to trying to watch the Olympics and scalp at the same time...

Note: When trading reversals always make sure you trade with the trend of the market and never against. For example if the bottom bar is green and you're going for a sell STOP. You will loose money 99% of the time! Reversals are a great way to grab extra pips but make sure you're going in the direction of the market.

Scalp 1 = -4
Scalp 2 = +6
Scalp 3 = +6

Monday Aug 11th Frankfurt

Scalp 1 = E/U = +2 (Not on chart)
Scalp 2 = E/U = -3
Scalp 3 = E/U = +9


Notes: Trust your instincts more!!! You see the moves but hesitate on pulling the trigger. Remember the most you're going to loose is 4 to 5 pips. Also, I'm starting to notice that at the 10:43 mark we see large moves.

Only watching E/U moving forward...

My Setup

Feed / Charting
Ninja Trader with Cyrox 1Sec Rainbow Charting using the Gain feed via Ninja Trader servers.

Broker
ADM Current-EX - Lite (for the time being)

Time
Frankfurt (10:00pm to 12:00am PST) Mandatory
New York (4:00am to 7:00am PST) Optional

Helpful Links

http://www.cyrox.com/ Learn Scalping
http://www.babypips.com/ Learn Forex Basics
http://www.forexfactory.com/ Great for Forex News
http://www.forexmarkethours.com/ What Markets are Active

Sunday Aug 10th Frankfurt

I'm writing this post on Monday at 2:30pm with no screen shots of the secession. The account below is from memory alone so its going to be a little week. I plan on posting photos of every scalp I make, as well as, comments on each starting with the Frankfurt secession tonight.

Notes: I'm still watching both E/J and E/U which is very stupid. I need to make a decision and focus on one currency. I will make the decision on Friday of this week!


Frankfort Secession (Sunday, Aug 10th, 2008)
Scalp 1 = E/J = 4 pips
Scalp 2 = E/U = 8 pips
(Should have stopped)
Scalp 3 = E/U = -4 pips = Basically I got angry that I didn't profit on the initial move and tried to get in on the end. I need to remember that there are thousands of trades no need to force things. Simply wait for the high probability set ups...
Scalp 4 = E/U = -4 pips = The market was moving slowly and I failed to notice, I assumed I could get in and get out but cleanly it was not a good time to scalp. I scalped in the correct direction but I need to be more in tune with the attitude of the market at the time I'm making trades. If the market is trending slowly I need to hold the trade longer.... If I held this trade I would have made positive Pips...

-Jacko