Trading Swing by Swing 39 replies
ToS indicators for day trading, scalping, and swing trading 0 replies
Long Term vs Short term (scalping) discussion 7 replies
Short term trading/scalping 24 replies
Short Term / Medium Term / Long Term? 3 replies
DislikedI tried a straddle at 14:21 and released one side at 14:34 and then put in a hard stop at -10 pips additional (so roughly two spreads plus 10pips total exposure) 5 min later I was taken on with Net +1.9, on a trailing BE for the naked position it was much less stressful than trying to pinpoint BOTH the entry and exit on a single position. Trying another straddle entry at 14:41 see how it goes. I think this might nullify most of my whipsawing in and out of trades. The overall profit potential on 2 positions is less, but I *might* have fewer whips...Ignored
DislikedThis EURUSD continues to amaze me with it's daily range and what it does with it. I traded USDJPY exclusively for the last 2 years, but this EUR even in it's so called ranging market is unbelievable. Breathtaking almost. Thought 77 back would be a stretch, who would have thought it would crash back to OR so quickly. This thing stair steps, stair steps and then bang! Almost everyday at some point. Either straight up or straight down, or both. Whew.Ignored
Disliked{quote} welcome and thanks for the heads up... just went short on a sell stop at 51 filled at 509 riding it down now, stop at 10p with a buy stop hedge btw Ksth, reasoning, methodology for comment? 100 to 200 pips in a day is pretty large amount. 100 is understandable and within daily ranges but 200...reasoning? FOMC? Draghi? Something you heard, read or saw?Ignored
Disliked{quote} part of the reason is fomc actually base on the other currency which i saw will drop 200pips at least and it will bring down eur usd .Ignored
DislikedPreviously I thought about 1st scenario, then came second... Honestly dunno what's gonna happen next. If they still wanna compress in that triangle they should drop now to lower band and mark proper 5 now but I'd be careful with that as the money flows into commodities for a few days. Scalping is still safer for me on this pair. {image} {image}Ignored
Disliked{quote} If that first scenario is about happen then we should go through the roof.Ignored
Disliked{quote} fundamentally speaking, a status quo decision by the Fed because of stalls in the U.S. econ even though 2 of the board members hinted they were leaning toward increase last month, would tamper dollar buying for another month...which leaves a push out of the triangle up which was my second scenario and chart yesterday as well. Market not coming close to mid or poking below it at this point says alot about the move down we had this afternoon, poised to go through the roof as you say...you bet.Ignored