Scalping does not require your being at the screen when you do it the way Trading Consultants Inc works. Here is a trade that went against the trader for about 75 pips. Rather than panic he trusted his zone of order imbalance and took another on the way to the target. When reached there were pending orders that had executed on the buy side These were manually closed at day end review.
What Is Forex? (FOReignEXchange Markets)
The foreign exchange market refers to the “place” where currencies are traded. Since there is no central market this is a complicated issue to explain clearly So let it suffice to say… Currencies are important to most people around the world, whether they realize it or not because currencies need to be exchanged in order to conduct foreign trade and business. The same goes for traveling. A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case, the Egyptian pound, at the current exchange rate.
Exchanging currencies is the primary reason the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $4.9 trillion per day.)
The Bank of International Settlements carries out the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, which in 2016 collected data from roughly 1,300 banks and other foreign exchange dealers across 52 countries. Michael Moore, Andreas Schrimpf, and Vladyslav Sushko describe some of the findings in “Downsized FX markets: causes and implications,” which appears in the BIS Quarterly Review (December 2016, pp. 35-51).
The headline finding is that the total turnover in foreign exchange markets dipped from $5.4 trillion per day in the 2013 survey to $5.1 trillion per day in 2016. As the figure shows, there had been a dramatic rise in the volume of foreign exchange trading since about 2000, so the dip is especially notable.
One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney – across almost every time zone. This means that when the trading day in the U.S. ends, the Forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly. There are other less liquid markets that institutions use to get ahead of the crowd
Spot Market and the Forwards and Futures Markets
There are actually three ways that institutions, corporations, and individuals trade forex:
A. spot market,
B. forwards market and the
C.futures market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.
What is the spot market?
More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another.
When a deal is finalized, this is known as a “spot deal”. It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counterparty and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.
Trading Consultants Inc trades from monthly CHARTS. THIS ASPECT OF OUR PLAN has a feature of carrying a large unrecognized loss while trades “work out”. This process is not a problem for our team but apparently, bothers investors who are unfamiliar. So we heard you investor community. Changes made and back-tested for over 6 months were incorporated about ten days ago. The results are phenomenal. We at TCI are deeply appreciative to Emene and Gil Ben Hur who guided us to these improvements.
GBPAUD Trade in various views. It was the work of our trader Jon McGraw using the monthly charts tcreated thisthis success.With clear direction then with multiple views he makes this possible with frequent success.The “whales” move the monthly charts. We follow the whales from lower time frames. M5 M30 clearly were the basis for entry and close
The M30 shows the zone Jon was seeking ,
Whales can confuse and often do as this weekly chart would never create a buy option.
Jon did his review of monthly charts. He found the whales ready to move . Bullish engulfing from Demand . So he waited for entry options selecting M30 and pounced like a Gator eating a calf crossing the waters.
Lesson “Scalping in Size”
Upon successful completion of our program, you should be able to “ride the wave” in size. Where you catch the wave is important so you must feel ( know) where the price will turn. Our traders have practiced and proven ability so now add size for results like these.
2min 35 seconds $17,000 USD
The chief of the ECB, Mario Draghi, an ex-Goldman banker, as well as a clever wordsmith, once famously moved EURUSD with the words “We will do whatever it takes”. He now faces an economy with a currency that is “too strong”. While he has been attempting again to talk EURO into compliance with his clever wordsmithing, words are not enough this time. So… in come the “whales”! How can you know? Of course one can never be certain but our charts tell us more than words. They allow us to see reality. Disguised but not hidden the intent is clear EURO assets down.
Trading Consultants uses long-term charts to set many of its trading entries.m This allows our traders to be free to enjoy the life we are creating. Trading becomes routine almost mechanical once you have a proven trading plan and partners to share the responsibility of “tending the charts” Click this link for an explanation. https://youtu.be/m8v8OYNWp8c DAX 30 Pending Order from demand.
There are few traders in the Forex Universe better “riding the dragon than our Exec VP of trading Jon McGraw. Traders are warned to avoid this pair due to its unruly nature.
When we are “feeling the charts” we will probe for a bottom. Here Jake Gibson uses small size to do so. Notice we did not open long. We must have zone confirmation from H4 or higher to do so WE find that H1 is where bottoms and tops often occur so we are on watch for Gold to have bottomed.
Trading Consultants Inc has multiple trading platforms, PAMM accounts, (PAMM system is a service of collective investing in Forex market. The PAMM system (Percentage Allocation Management Module) is a special set of Forex trading accounts used by traders to manage their own funds and joint capital of investors (other traders). European and US accounts with prime brokers. We can assure investors their money is “safe” market and trading risks exception. We offer these trades as representative of the week By no inference of implication are they all or the best of what we do in a single week. We welcome your comments and inquiry on any of them .with the contact sheet below.
Jon McGraw is a true professional and shows his stuff with GBPJPY H1 zone to zone
We trade seeking evidence of order imbalance We found it here. EURAUD M30
The oils are a source of constant whale shenanigans as there are many sources of analysis all usually coming from “Judas goats” Thy to avoid the news and trust your zones WTC H4 a pending order .after a closed trade.WTC H1 Dax M15 GBPAUD M30 awesome zone trade We are now bearihs on EURUSD will price retrace back to 1.05 Our weekly tells us yes Time horizon 14 weeks. AUDJPY M15 Because we missed the close we will not make this a longer-term trade.
A DAX set up with with great RR. Notice we do not hide the unrecognized loos from our clients. Once you understand our plan you will love the benefits. DXY H1 hanging around the 94 level with 100 on my mind EURUSD H1 Nice continuation trade to Zone