EURUSD | Page 2046 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #40,901
  • Oct 22, 2008 3:24pm Oct 22, 2008 3:24pm
Quoting ak4x
I'm checking that out soonas my brain starts functioning again..

scalping is impossible to teach. you can poit the way, but the rest is about lots of blood and guts, and the death by 10,000 cuts until the nickel drops and every character and personality flaw in your your whole being has been burned out of you leaving you a smoking shell and wreck of a trader. then the remolding process begins and you think you might actually be able to do this someday... jmo anyaway.

on second thoiught, that probably describes the whole trading scene, not just scalping...
You have a way with words AK4X.
Up or down, gimme a ticket
  • #40,902
  • Oct 22, 2008 3:26pm Oct 22, 2008 3:26pm
Quoting ak4x
I'm checking that out soonas my brain starts functioning again..

scalping is impossible to teach. you can poit the way, but the rest is about lots of blood and guts, and the death by 10,000 cuts until the nickel drops and every character and personality flaw in your your whole being has been burned out of you leaving you a smoking shell and wreck of a trader. then the remolding process begins and you think you might actually be able to do this someday... jmo anyaway.

on second thoiught, that probably describes the whole trading scene, not just scalping...
that's good man !! ;-)

Scalpin is tough to teach, but it's all I've been doing lately.
Just too crazy out there... M1 strat's workin it.
  • #40,903
  • Oct 22, 2008 3:26pm Oct 22, 2008 3:26pm
we have to clear that whole gray area for any bull rally to materialize. 1.2870 has been a strong resistance the last 12 hours +....the upper wall of the descending channel...the upper wall of the sideways triangle...overlapping fib resistance...truly not a pretty picture for bulls

i am sticking with my trade though...win or no loss

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 40 KB
Different opinions highly valued, ignorant to slander.
  • #40,904
  • Oct 22, 2008 3:28pm Oct 22, 2008 3:28pm
Looks like its getting ready to drop.
  • #40,905
  • Oct 22, 2008 3:29pm Oct 22, 2008 3:29pm
Quoting ak4x
I'm checking that out soonas my brain starts functioning again..

scalping is impossible to teach. you can poit the way, but the rest is about lots of blood and guts, and the death by 10,000 cuts until the nickel drops and every character and personality flaw in your your whole being has been burned out of you leaving you a smoking shell and wreck of a trader. then the remolding process begins and you think you might actually be able to do this someday... jmo anyaway.

on second thoiught, that probably describes the whole trading scene, not just scalping...
I absolutly second that, you can give the tools but not the skill.
  • #40,906
  • Oct 22, 2008 3:33pm Oct 22, 2008 3:33pm
Quoting TradeWell
Cobra,

I checked it out, looks interesting. I have a question - is the 10 pip move based on the previous candle's close or based on it's high/low? thx
There is no real rule like in almost all scalping systems, the time is too short for that but I refere to the candle that breaks the 60LWMA line.
Let your feeling play the game, and use it only on demo untill you master it well in a certain time.
  • #40,907
  • Oct 22, 2008 3:36pm Oct 22, 2008 3:36pm
Quoting cobraforex
There is no real rule like in almost all scalping systems, the time is too short for that but I refere to the candle that breaks the 60LWMA line.
Let your feeling play the game, and use it only on demo untill you master it well in a certain time.
OK thanks - always interested in checking out new indicators and systems.
  • #40,908
  • Oct 22, 2008 3:42pm Oct 22, 2008 3:42pm
Quoting TradeWell
OK thanks - always interested in checking out new indicators and systems.
One thing to add: If the line gets broken without a succesfull retest in at least 15 min it isn't a valid entrance and you better stay out, there is always a new trade. You need the retest !!!
You can make some bucks on this simple system doing it well.
  • #40,909
  • Oct 22, 2008 3:47pm Oct 22, 2008 3:47pm
Quoting cobraforex
One thing to add: If the line gets broken without a succesfull retest in at least 15 min it isn't a valid entrance and you better stay out, there is always a new trade. You need the retest !!!
You can make some bucks on this simple system doing it well.
Would a successful retest be roughly within 5 pips of the line?
  • #40,910
  • Oct 22, 2008 3:55pm Oct 22, 2008 3:55pm
Quoting TradeWell
Would a successful retest be roughly within 5 pips of the line?
The retest candle needs to close above the line, the entrance will be the next candle, you can TP when you feel so or put it on trail.
It's off topic a bit, sorry folks.

Need to go, have a meeting
  • #40,911
  • Oct 22, 2008 4:02pm Oct 22, 2008 4:02pm
Quoting cobraforex
The retest candle needs to close above the line, the entrance will be the next candle, you can TP when you feel so or put it on trail.
It's off topic a bit, sorry folks.

Need to go, have a meeting
Thanks again. Done with questions for now!
  • #40,912
  • Oct 22, 2008 4:11pm Oct 22, 2008 4:11pm
will I have the courage to hold this long all the way back to 1.40?

I doubt it
  • #40,913
  • Oct 22, 2008 4:11pm Oct 22, 2008 4:11pm
wow...impressive....any normal situation wed be way up by now...clearly the bears are using algirdas motto "lose not one pip"...bulls...careful...better stay on the sideline or have tight stop loss
Different opinions highly valued, ignorant to slander.
  • #40,914
  • Oct 22, 2008 4:17pm Oct 22, 2008 4:17pm
Quoting psiholog
wow...impressive....any normal situation wed be way up by now...clearly the bears are using algirdas motto \"lose not one pip\"...bulls...careful...better stay on the sideline or have tight stop loss
for the rollover? Naaaa
  • #40,915
  • Oct 22, 2008 4:19pm Oct 22, 2008 4:19pm
1.32 tomorrow IMO
  • #40,916
  • Oct 22, 2008 4:25pm Oct 22, 2008 4:25pm
Quoting TIckerShuffl
1.32 tomorrow IMO
grrr...bastards took me out at entry (1.3835)...now its going up...shoot where do i enter now
Different opinions highly valued, ignorant to slander.
  • #40,917
  • Oct 22, 2008 4:29pm Oct 22, 2008 4:29pm
Quoting psiholog
grrr...bastards took me out at entry (1.3835)...now its going up...shoot where do i enter now
Don't take my advice I am just keeping positive - lol

taking daughter to soccer practice in about 15 min...

Down with the dollar, enough is enough

edit: Bollingers are getting awfully tight. could breakdown one more time?? or not!
  • #40,918
  • Oct 22, 2008 4:29pm Oct 22, 2008 4:29pm
I am on my way short, hope I am right.
  • #40,919
  • Oct 22, 2008 4:32pm Oct 22, 2008 4:32pm
what you guys seeing? a false breakout to the top side ? and then fall down to 1.2600 area? i prefer the short side y'all know why
Attached Image (click to enlarge)
Click to Enlarge Name: breakout.gif Size: 39 KB
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #40,920
  • Oct 22, 2008 4:34pm Oct 22, 2008 4:34pm
i reentered again at 1.2829...this time keeping 40 pip stop loss as only a break down would take me out...in which case i switch sides again...a sacrifice well worth taking


Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 33 KB


EDIT: all note how the majority says short...only 2 of us are long....be wise guys and choose the right side...
Different opinions highly valued, ignorant to slander.
286 traders viewing now