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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #59,921
  • Nov 2, 2012 8:16am Nov 2, 2012 8:16am
Quoting PipTrapper
  • #59,922
  • Nov 2, 2012 8:19am Nov 2, 2012 8:19am
Quoting PipTrapper
Mine is getting there...

Attachment



1.27 coming near.
  • #59,923
  • Nov 2, 2012 8:38am Nov 2, 2012 8:38am
Unsuccessful high leverage unattended scalping


Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 94 KB

  • #59,924
  • Nov 2, 2012 8:51am Nov 2, 2012 8:51am
Quoting Ken A
Unsuccessful high leverage unattended scalping



Attachment



Charts are shaping like Hexagone.
  • #59,925
  • Nov 2, 2012 8:55am Nov 2, 2012 8:55am
I know. I think successful scalpers are in-human and of different breed.
  • #59,926
  • Nov 2, 2012 9:03am Nov 2, 2012 9:03am
Quoting Ken A
I know. I think successful scalpers are in-human and of different breed.
http://phandroid.s3.amazonaws.com/wp...bot-glance.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #59,927
  • Nov 2, 2012 9:06am Nov 2, 2012 9:06am
Quoting PipTrapper
http://phandroid.s3.amazonaws.com/wp...bot-glance.jpg
Do you think those that claimed to be very good at scalping are being honest?

Maybe it's just me that can not do it.
  • #59,928
  • Nov 2, 2012 9:11am Nov 2, 2012 9:11am
Quoting Ken A
Do you think those that claimed to be very good at scalping are being honest?

Maybe it's just me that can not do it.
Very subjective in my opinion, I know here in FF there are traders who does scalping and manages other people's account. But I have not heard them shouting.
  • #59,929
  • Nov 2, 2012 9:11am Nov 2, 2012 9:11am
Quoting Ken A
Do you think those that claimed to be very good at scalping are being honest?

Maybe it's just me that can not do it.
For scalping you need very accurate signals and a solid discipline. It is not impossible. In fact it is very doable, but it takes time to perfect a system that works for you. It is not based on being right or wrong. You will be both. The goal is to make more on your winners than you lose on your losses and then also only take the highest probability trades.

I know scalpers who are always in a trade from open to close. They just flip back and forth between buy and sell.

A buy signal is also a signal to close your shorts and a sell signal is also a signal to close your longs
Those who say it cannot be done should not interrupt those who are doing it
  • #59,930
  • Nov 2, 2012 9:27am Nov 2, 2012 9:27am
First, I have to sit in front of the screens full time which I can not do and have difficulties to close positions with few pips. High leverage SL is a must and when I come back most of the time was already stopped out.

Scalping is really an art of high discipline with right mentality and takes years to master.

Looking for a scalper mentor


http://www.filmofilia.com/wp-content...ish-Reborn.jpg

  • #59,931
  • Nov 2, 2012 9:41am Nov 2, 2012 9:41am
Quoting CheG
Now I've got 1.2840 from the first vertical count and 1.2890 from a horizontal one. The second vertical count yields 1.271.

Attachment

Any thoughts would be appreciated.

Thanks.
The second target has been successfully achieved as well (1.2840).
Looking forward to 1.2810 which would cancel the vertical upside count (1.317) and open up the possibility of reaching 1.271.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 52 KB


Any thoughts would be appreciated.

Thanks.
  • #59,932
  • Nov 2, 2012 9:43am Nov 2, 2012 9:43am
Targets to watch:

Euro: 1,2794 - 1,2765
Pound: 1,6000 - 1,5955
Aussie: 1.0330 - 1,0280
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #59,933
  • Nov 2, 2012 9:51am Nov 2, 2012 9:51am
Quoting Ken A
First, I have to sit in front of the screens full time which I can not do and have difficulties to close positions with few pips. High leverage SL is a must and when I come back most of the time was already stopped out.

Scalping is really an art of high discipline with right mentality and takes years to master.

Looking for a scalper mentor


http://www.filmofilia.com/wp-content...ish-Reborn.jpg

If you develop a good scalping system, you can shave many years of the mastering part.

Think about it... Start with the following.

1. Buy against support at support and Sell against resistance at resistance.
2. Learn the Japanese candlestick formations and meanings
3. Aim for at least a 1:3 risk/reward ratio
4. Move SL to BE as soon as to have reversal confirmation.
5. Take partial profits at first support/resistance zone and let the rest ride.
6. Keep leverage low at first until you are able to recognize the very high probability trades, then lever up and make a killing.
7. Work your system and your system will work for you.
8. Reassess after every session and improve system where required.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,934
  • Nov 2, 2012 10:00am Nov 2, 2012 10:00am
Quoting PipTrapper
If you develop a good scalping system, you can shave many years of the mastering part.

Think about it... Start with the following.

1. Buy against support at support and Sell against resistance at resistance.
2. Learn the Japanese candlestick formations and meanings
3. Aim for at least a 1:3 risk/reward ratio
4. Move SL to BE as soon as to have reversal confirmation.
5. Take partial profits at first support/resistance zone and let the rest ride.
6. Keep leverage low at first until you are able to recognize the very high probability trades,...
Alright. Thanks.

I can try full time on the weekend undisturbed but markets are closed. I will find time to learn it.
  • #59,935
  • Nov 2, 2012 10:05am Nov 2, 2012 10:05am
Quoting PipTrapper
If you develop a good scalping system, you can shave many years of the mastering part.

Think about it... Start with the following.

1. Buy against support at support and Sell against resistance at resistance.
2. Learn the Japanese candlestick formations and meanings
3. Aim for at least a 1:3 risk/reward ratio
4. Move SL to BE as soon as to have reversal confirmation.
5. Take partial profits at first support/resistance zone and let the rest ride.
6. Keep leverage low at first until you are able to recognize the very high probability trades,...

Words of a very wise man!
  • #59,936
  • Nov 2, 2012 10:06am Nov 2, 2012 10:06am
Wow CAD suddenly gains strength.
  • #59,937
  • Nov 2, 2012 10:16am Nov 2, 2012 10:16am
Today movement was exceptional. Dollar rises, Euro sell-off, CAD gains, gold drops. Anyone cares to summarize what's going on?
  • #59,938
  • Nov 2, 2012 10:35am Nov 2, 2012 10:35am
Quoting Ken A
Wow CAD suddenly gains strength.
Harper must have popped a viagra so he can mount his rocking horse while sucking on a lollipop.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,939
  • Nov 2, 2012 10:36am Nov 2, 2012 10:36am
Quoting Ken A
Today movement was exceptional. Dollar rises, Euro sell-off, CAD gains, gold drops. Anyone cares to summarize what's going on?
The calm before the storm.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,940
  • Nov 2, 2012 10:36am Nov 2, 2012 10:36am
Quoting PipTrapper
If you develop a good scalping system, you can shave many years of the mastering part.

Think about it... Start with the following.

1. Buy against support at support and Sell against resistance at resistance.
2. Learn the Japanese candlestick formations and meanings
3. Aim for at least a 1:3 risk/reward ratio
4. Move SL to BE as soon as to have reversal confirmation.
5. Take partial profits at first support/resistance zone and let the rest ride.
6. Keep leverage low at first until you are able to recognize the very high probability trades,...

Could U open your mind at xag for this evening andthenext week, - low 30.81 is the lowest or may go down today?
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