Here is a pic of some generated scalping trades on the GBP/USD early New York session and the GBP/JPY late Tokyo session. Take a look at them. About 3 hours of trading each and trading a standard contract, 1 trade at a time, both sessions generated at least $1000. each. Not too shabby even if I say so myself ! Right below this pic will be a video explaining it all.
OK guys, I hope you’re getting a little excited. I know I am just telling you about it. The beauty of this scalping system opposed to trading short term binary options is to profit about $1000. in B.O’s, you would have had to make about 14 trades (risking $1400) to profit $1000. and that is if you didn’t lose any trades.
On the other hand, with the forex scalper, we only had to make 4 or 5 trades (risking $400. or $500.) to profit the same $1000. You say “but Trader Ed the BinOps trades are only 5 minutes long and you took 3 hours to profit $1000. with forex.” That is true but trading only 1 trade at a time to minimize our risk, how long do you think it would have taken to find 14 good B.O. trades? And what are the chances of 14 B.O. trades without a loss? Get the picture? “No need to be a rocket scientist to figure that one out.” I rest my case, here is another pic. This one is blown up a bit so you can see the trades more clearly.
British Pound – Kiwi Dollar, New York Session
uick explanation, about 3 and 1/2 hours, 6 trades for a total of 134 pips profit. GBP/NZD is only worth about $6.75 USD per pip but that makes our risk about $67. per trade instead of $100. and the total profit was still over $900. Not too bad for a fun few hours spent, eh? At this time, the pairs involving the British Pound are making nice scalping moves, probably because of the Brexit problem.
British Pound – Canadian Dollar, London and New York Sessions
OK guys, more great scalping trade generations. On the left, 3 cool trades during London open in less than 2 hours. We checked the 2 confirmation windows on the first trade and thought it was a good one to let it ride until the reverse for 53 pips. If you were not inclined to do that, you could have took 2 separate 20 pip trades. After the first scalp we took 2 more 20 pip trades. Total of 93 pips profit in this session. GBP/CAD are worth about $7.50. USD per pip. So we risked $75. per trade with our 10 pip mental S/L and made a total profit of about $700. USD.
On the right we have 6 trades generated in less than 3 hours of the New York open. There were 4 – 20 pip profit trades, 1 – 12 pip profit (that happens once in awhile) and a 40 pip profit for a total of 132 pips profit. Again our risk was only $75. USD per trade and we made almost $1000. USD profit. See folks, forex scalping is fun and profitable and the win ratio to investment risk beats binary options short term trading by a long shot! Even when a trade goes against you, usually you can get out with a few pips profit and often close to 10 pips. That is something I think we can all put up with happily, eh? Well a couple more pics and a live trade video then, guess what? I rest my case. (Heh,heh)
GBP/NZD – End of Tokyo, opening of London and GBP/CAD – New York Open