Scalping techniques and Journal 5 11 2015

Scalping techniques and Journal

Hello traders,

We had some nice trade signials today.

Pound dollar was very calm in Tokyo session.She gave only one signal after the London open with the potential of 170 pips.

Notice how narrow is the Tokyo session.

Then BOE made a Super Thursday for bears with the following key points

 

BANK OF ENGLAND KEEPS KEY RATE AT 0.5%; VOTE 8-1

BOE SAYS OUTLOOK FOR GLOBAL GROWTH HAS WEAKENED SINCE AUGUST

BOE FORECAST BASED ON KEY RATE 0.8% IN Q2 2017, 1% IN Q4 2017

BOE SEES CPI BELOW 1% UNTIL H2 2016, DOWNSIDE RISKS TO OUTLOOK

BOE SEES DOWNSIDE RISKS TO U.K. FROM EMERGING MARKETS

BOE CUTS CPI FORECAST TO 1H 2017, SAYS POUND IMPACT TO PERSIST

 

The GBPUSD has broken below the 50% of the trading range for the year – keeping the sellers in control and the dip buyers/longs nervous.

 

Traders will now keep an eye on that level for

 

 

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Done