Reciprocal Scalping

This is how I scalp EUR/USD. It is meant to be used when Australia is in nocturnal state.

You need to merge EUR/AUD and AUD/USD with EUR/USD and watch for a sharp spike (up or down) in EUR/USD.

If the same spike occurs on EUR/AUD without occurring on AUD/USD (or vice versa) then in most cases it suggests that either EUR or USD is spiking alone and the chance of correcting back-fast is far more probable than normally. This occurs just few times a day, but with patience it can be very profitable for scalpers. You can also use Dollar Index for comparison, but I found AUD comparison to be far better.

Head over to the next chart linked bellow for more details and let me know if you have any questions.