DislikedFrom a big drop since last week, I don't think E/U will go up just yet. It has to have ranging period. I'm more be careful with the longs.Ignored
There are those who know, and there are those who don't know.
Scalpers Hourly Range Indicator (TSR tweeked for scalpers) 2 replies
Synergy Method For Scalpers and Scalpers Hourly Range Calculator (Based on TSR) 22 replies
nick's trading lounge 3 replies
DislikedFrom a big drop since last week, I don't think E/U will go up just yet. It has to have ranging period. I'm more be careful with the longs.Ignored
DislikedI agree with that, but..the euro has to move.. and I'm seeing a move up right now.. I can be dead wrong.. I have no magic powers and be like its going up 100%, but.. I think a move up is in the works. I'm holding a long, I don't feel comfortable because it does kind of sitting on the edge between up and down..Ignored
DislikedThank you,
Seems like the scalpers are either a dieing breed or going into the shadows. The market is so choppy now that scalping/short term trading/day trading is the way to go.. Long term with so many uncertainty, its like trying to gamble your money over a long period of time, no matter how many technicals you can look at in terms of long day to many variables. In my opinion at least.Ignored
DislikedOne of this days.. I'm going to stop trading Asia session and waisting hours of focus.Ignored
DislikedI'll share then lol.. I'm fishing for another short on GBP/USD.. I closed the earlier short and then rode the Euro and now back on the pound again. It will probally be my last one for the night.Ignored
DislikedWould be very interested to see your entries / logic for entering if you feel like posting up some charts. ThanksIgnored
DislikedI can do that.. Most of the time, I'm to lazy lol.. But ill start posting charts.
I use multiple systems, but most of the time.. I just eye a position myself and use my system to confirm them.. sometimes, I just pick the signals up from my systems.
Logic consists of simply.. how the currency moves.. time of day.. the range of the currency and the psychology of the other players.. hence unusual moves during asian session screws with me, because I don't like suprises! lolIgnored
DislikedLets say right now.. *live* Look at the USD/CHF.. Support lays at .9385 (its a small support) nothing to strong but it has been bouncing off it.. It has been trading in a tight range but on average it trades.. 60 pips..
Its about to be London.. and Sentiment and Trend are both up. So there is good opportunity, to catch a good position in it.
Just a note: when everyone reading it later.. the USD/CHF was @ .9397 at the time of writing this. (market movement prediciton of sorts).Ignored
DislikedInteresting. I can definitely see the strong upward trend with some consolidation at the moment, bouncing off support at .9385. Wondering about your statement on sentiment? Is your view based on market news? e.g. Forexlive's market commentary talking about the Spanish downgrade and thus pressure on the euro?
What entry did you take your entry on USDCHDF?Ignored
DislikedI was using that as an example.. News is important.. but out of the blue news can screw your game up. Like this downgrade caught me by surprise. When I say sentiment. I mean market sentiment. In a nutshell where is the pressure leaning towards if there is more buyers then sellers it will go up if there is more sellers then buyers it will go down.
When you see things like real money buying or selling that is a strong indication of direction. When you see talk such as barriers opposed to resistance support.. that's also strong indication for either...Ignored
DislikedNice stuff you're putting out here Palabara. Don't know if you have it but you can grab a program called Snag It for capturing snapshots of your trades.
Also I know you mentioned about your basic setup but I don't remember reading how you use MACD to determine momentum which may benefit others.
One of the things I look for when capturing a breakaway is how fast it runs. If I get a bar that pushes through suddenly and makes a bar that is twice as long as the avg size of the bars near it I look for an exit as that bar stalls. Many times it...Ignored
Disliked
One of the things I look for when capturing a breakaway is how fast it runs. If I get a bar that pushes through suddenly and makes a bar that is twice as long as the avg size of the bars near it I look for an exit as that bar stalls. Many times it happens in the 1st 15 min of the new hr.Ignored