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  • #1,132,741
  • Sep 8, 2017 1:18am Sep 8, 2017 1:18am
Quoting ZenNy
at the end of the day it always comes down to the basics: take your trade based on your plan, aim at least of 3 times your risk or let the market stop you if is not the case by trailing your stop and when you lose try to lose as little as you can........Easy? Yes to say it, very easy.........
done....made my week...unusual during Asian session....
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 29 KB
trading is simple but is simple is not easy.
  • #1,132,742
  • Sep 8, 2017 1:26am Sep 8, 2017 1:26am
Quoting Venomousssss
{quote} Closed some. Still carrying some from a ways up. Looking for a little retracement during London before adding more to sub 1.2
just got taken out....happy with that ...weekend ahead...
Its all just one persons opinion
  • #1,132,743
  • Sep 8, 2017 1:31am Sep 8, 2017 1:31am
That sucked, rode the short full-tilt from 1.2030 to 1.2090. Lost over 15% of the account.

Recovered it though before it reached 1.2060 through my masterful scalping. +2% for the day. Amen.
"The fun is in the hunt. Not the kill."
  • #1,132,744
  • Sep 8, 2017 1:34am Sep 8, 2017 1:34am
Quoting digger1
{quote} ZenNy, you are good at drawing wedges and patterns like that . You can put a lot of sheet on a chart,,,,,but just a few things that have helped me over the years ,, the simpler the better ,,,,,, you can look at a zillion different time frames etc etc , Charts are pretty self explanatory. I like my quarterly levels for long term charts ,, weekly levels for trading the quarterly levels back and forth ,,,,, that 5 min chart is kinda ugly , you can use a 15 min a half hour chart for scalping ,,,,,, you mix in some weekly highs and lows ,,,,...
Hey Dig

Thank you for your post and generosity.....Looks all very interesting and I will read it in details a bit later.......

Just remember I am purist PA trader and I only use the 20 ema as an indicator......If I have too much on my chart I get lost.

Thanks again , nice of you explaining your techniques and thought.
trading is simple but is simple is not easy.
  • #1,132,745
  • Sep 8, 2017 1:41am Sep 8, 2017 1:41am
Quoting TudorIoan
My Intraday Outlook. (ahead London) Intraday support: - 1.2060 - 1.2030 Correction expected ! Have a good trading day, you all! {image}
Yeah, going down for the correction...
1.2060 broken, 1.2030 next...
Member
  • #1,132,746
  • Edited 1:56am Sep 8, 2017 1:42am | Edited 1:56am
Quoting digger1
{quote} Heres your aud man ,,,,,,,,,, see anything ? {image}
first harrow is where I shorted......it is fair trade.....she was in range and I faded the BO, she went my way....also bad news come up yesterday for au and I decided to hold for more.......then Draghi stepped in........eu dragged her......

second harrow is where I should have covered and reverse (a failed final flag and strong reversal) but I did not because my mind married my trade.....
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trading is simple but is simple is not easy.
  • #1,132,747
  • Sep 8, 2017 1:43am Sep 8, 2017 1:43am
Quoting TudorIoan
{quote} Yeah, going down for the correction... 1.2060 broken, 1.2030 next...
Excellent scalping day
Member
  • #1,132,748
  • Sep 8, 2017 1:59am Sep 8, 2017 1:59am
Quoting TudorIoan
{quote} Excellent scalping day
Been a good week really, tight range and now there's a lot of churn from yesterdays news and today being friday. It's keeping a wider range but moving beautifully.
"The fun is in the hunt. Not the kill."
  • #1,132,749
  • Sep 8, 2017 2:03am Sep 8, 2017 2:03am
Quoting Redeflect
That sucked, rode the short full-tilt from 1.2030 to 1.2090. Lost over 15% of the account. Recovered it though before it reached 1.2060 through my masterful scalping. +2% for the day. Amen.
Why do you use such a bad stop ?! ...you should cut loss earlier, 15% is too much!
Quoting Redeflect
{quote} Been a good week really, tight range and now there's a lot of churn from yesterdays news and today being friday. It's keeping a wider range but moving beautifully.
Agree on that. Scalpers love intraday volatility
Member
  • #1,132,750
  • Sep 8, 2017 2:12am Sep 8, 2017 2:12am
Quoting ZenNy
{quote} first harrow is where I shorted......it is fair trade.....she was in range and I faded the BO, she went my way....also bad news come up yesterday for au and I decided to hold for more.......then Draghi stepped in........eu dragged her...... second harrow is where I should have covered and reverse (a failed final flag and strong reversal) but I did not because my mind married my trade..... {image}
Good spot no doubt ,,,,,,,, negative news also ,,,,,, mind will always tell ya its going 100 pips , I know lol, difficult not to get biased man
  • #1,132,751
  • Sep 8, 2017 2:18am Sep 8, 2017 2:18am
Quoting digger1
{quote} Good spot no doubt ,,,,,,,, negative news also ,,,,,, mind will always tell ya its going 100 pips , I know lol, difficult not to get biased man
is the mind...at times I cannot be nimble enough.....we marry convictions and then we limit our view....minds has pattern and are not easy to shake them off....but knowing is a step further....that is why knowing oneself is very important in trading and not only.....

all the best for the day....everything now is O/B or O/S
trading is simple but is simple is not easy.
  • #1,132,752
  • Sep 8, 2017 2:30am Sep 8, 2017 2:30am
Quoting TudorIoan
{quote} Why do you use such a bad stop ?! ...you should cut loss earlier, 15% is too much! {quote} Agree on that. Scalpers love intraday volatility

I don't use stops unless i'm doing it to fiddle with my trades and scalp out profits/losses in the middle of them. I thought it'd drift up a little or spike up then plummet. I was waiting on the correction a little too soon. It ended up rallying a lot more than I had hoped but 15 or so scalps set it straight.
"The fun is in the hunt. Not the kill."
  • #1,132,753
  • Sep 8, 2017 2:37am Sep 8, 2017 2:37am
Quoting TudorIoan
{quote} Yeah, going down for the correction... 1.2060 broken, 1.2030 next...
Ok, still going down for the correction. 1.2030 closer and closer.
USD is coming back (intraday range) ...even Gold helps a little with a red bar on H4
Member
  • #1,132,754
  • Sep 8, 2017 2:48am Sep 8, 2017 2:48am
Anyone else looking for a quick sell to 1.194? Well, I think 1.194 is the new support in town
  • #1,132,755
  • Sep 8, 2017 2:52am Sep 8, 2017 2:52am
Quoting jusstin911
Anyone else looking for a quick sell to 1.194? Well, I think 1.194 is the new support in town
USD hit from all sides, Gold above $1350 ....I guess we're going up, mate.
Correction is about to be exhausted... euro will rebound soon, imo
Member
  • #1,132,756
  • Sep 8, 2017 2:53am Sep 8, 2017 2:53am
Quoting TudorIoan
My Intraday Outlook. (ahead London) ECB rates unchanged. Draghi, same policy statement as prior, adding that he sees higher economic growth and he's confident inflation will return to target. Later in the Autumn will decide about policy. Therefore, Draghi pretty dovish until the next ECB, but in US, jobless claims huge jump since 2012 and that was really bad for USD ...see obvious chart reaction on all majors. So euro fundamentally bullish. Intraday resistance: - 1.2098 Mothly_R1 zone; - 1.2120; Intraday support: - 1.2060 - 1.2030 Correction expected...
I fully agree with your analysis plus today we should see some profit taking I hope!!!
  • #1,132,757
  • Sep 8, 2017 2:54am Sep 8, 2017 2:54am
Quoting jusstin911
Anyone else looking for a quick sell to 1.194? Well, I think 1.194 is the new support in town
Looking for 1.1923 before end of the week
  • #1,132,758
  • Sep 8, 2017 2:54am Sep 8, 2017 2:54am
Quoting Jonstaples
{quote} I fully agree with your analysis plus today we should see some profit taking I hope!!!
We've already seen some profit taking on all majors, on corrections/retracements. The reload against the USD will start soon IMO
GL!
Member
  • #1,132,759
  • Sep 8, 2017 3:00am Sep 8, 2017 3:00am
Short and holding here ( for a good two hours or so now)
Who wants to make money? Train has left the station.
  • #1,132,760
  • Sep 8, 2017 3:08am Sep 8, 2017 3:08am
Quoting TudorIoan
{quote} USD hit from all sides, Gold above $1350 ....I guess we're going up, mate. Correction is about to be exhausted... euro will rebound soon, imo
Saw a tiny bear setup that got validated.. who knows? I took a short for 1.194
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