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  • #12,041
  • Feb 7, 2018 4:13am Feb 7, 2018 4:13am
In order for the larger timeframe to keep on selling price just has to make (seemingly) "interesting" buy setups on the shorter (5min) timeframes... else who to sell to?
Trouble lies in what we believe to know for sure that just ain't so.
  • #12,042
  • Edited 5:57am Feb 7, 2018 4:14am | Edited 5:57am
All I know is there is a 96% probability either 2327 or 2490 2436 will be touched today. Right now it looks as though 2327 will be hit first.
  • #12,043
  • Feb 7, 2018 4:18am Feb 7, 2018 4:18am
Quoting mbrown
All I know is there is a 96% probability either 2327 or 2490 will be touched today. Right now it looks as though 2327 will be hit first.
hi mate. long time no see
we probably will go around yesterday's lows, but i do belive we will print a new daily high

edit: looks like an inverted H&S on M30
Attached Image (click to enlarge)
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MAKE IT RAIN
  • #12,044
  • Feb 7, 2018 4:23am Feb 7, 2018 4:23am
Quoting mbrown
All I know is there is a 96% probability either 2327 or 2490 will be touched today. Right now it looks as though 2327 will be hit first.
EU is one hell of a cock teaser, who knows if we really hit 2327 first?
  • #12,045
  • Feb 7, 2018 4:24am Feb 7, 2018 4:24am
Confluence of Institutional Programme levels from 2340 - 2334
Boxing clever since 76.
  • #12,046
  • Feb 7, 2018 4:26am Feb 7, 2018 4:26am
Quoting MoneyFocus
{quote} EU is one hell of a cock teaser, who knows if we really hit 2327 first?
Well unfortunately that is the hand I've been dealt until I've worked out how to determine which will be hit first. It's like having a diamond dangled just out of reach. It sucks! lol
  • #12,047
  • Feb 7, 2018 4:38am Feb 7, 2018 4:38am
Bear Flag in the H1 targeting the low - however these can flip back into an Expanding triangle..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proH1.png Size: 92 KB
  • #12,048
  • Feb 7, 2018 4:38am Feb 7, 2018 4:38am
Quoting mbrown
{quote} Well unfortunately that is the hand I've been dealt until I've worked out how to determine which will be hit first. It's like having a diamond dangled just out of reach. It sucks! lol
well in mkt terms your 2327 is just dangling in front ,,,so may as well go hit the other level 1st
  • #12,049
  • Feb 7, 2018 4:39am Feb 7, 2018 4:39am
SLOW MOTION lol buy 1.23486 (sl 10 pip)
Self discipline It is a practice
  • #12,050
  • Feb 7, 2018 4:41am Feb 7, 2018 4:41am
Quoting digger1
{quote} well in mkt terms your 2327 is just dangling in front ,,,so may as well go hit the other level 1st
...We've been at this too long mate - we are as cynical as each other
  • #12,051
  • Feb 7, 2018 4:43am Feb 7, 2018 4:43am
Quoting FXClarity
{quote} ...We've been at this too long mate - we are as cynical as each other
Cant count the times a tgt of mine was missed by 2 pips or less to see it rip the other way to my other level lol
  • #12,052
  • Feb 7, 2018 4:45am Feb 7, 2018 4:45am
Quoting digger1
{quote} Cant count the times a tgt of mine was missed by 2 pips or less to see it rip the other way to my other level lol
Oh yeah...Target in sight and almost feel 'validated' then the bugger flips and royally waves two fingers at you
  • #12,053
  • Feb 7, 2018 4:46am Feb 7, 2018 4:46am
Quoting FXClarity
{quote} Oh yeah...Target in sight and almost feel 'validated' then the bugger flips and royally waves two fingers at you
This chess match makes one rather cynical ,,,may have even claimed a monitor or two and a laptop or 3 one of which was thrown out of a tractor stomped on then drove over maybe ,,, lol
  • #12,054
  • Feb 7, 2018 4:48am Feb 7, 2018 4:48am
Quoting FXClarity
{quote} Well that is a valid point but in my experience over the years of doing this - I know very few traders who genuinely earn a living trading FX full time or at least FX is their main source of income. Only two of these traders are scalpers: One works for a professional trading firm in London with a platform and access to things most 'retail' traders are not. The other scalper I am aware of in FF who can scalp for a living is Profitfarmer who I respect enormously. Scalping is a real art - very few can nail entries and exits consistently with...

I agree scalping is not easy at all, but once in awhile i jag a good one and when i do it out strips my loses,most of the time,

But there is no way in hell that i can make a living of it,
(yet,and it's not from a lack of trying)

the key to staying out in front is to keep your loses as small as possible all the time,

sometimes it spick's out of control, at these times i enter a trade in the opposite direction and try to trade my way out of it,

This usually works,but it can be tense at times,as well.

cheers
  • #12,055
  • Feb 7, 2018 4:48am Feb 7, 2018 4:48am
Quoting digger1
{quote} Cant count the times a tgt of mine was missed by 2 pips or less to see it rip the other way to my other level lol
How do you think I feel Digger..My target was missed by less than 10 pips on the first rotation then EU flipped back for a 300 pip sprint north..One of the reasons I often opt for trading positive interest reversions..
  • #12,056
  • Feb 7, 2018 4:49am Feb 7, 2018 4:49am
Time to start thinking about 1.20 next week.
Conventional trading is for losers
  • #12,057
  • Feb 7, 2018 4:50am Feb 7, 2018 4:50am
Quoting FXClarity
{quote} How do you think I feel Digger..My target was missed by less than 10 pips on the first rotation then EU flipped back for a 300 pip sprint north..One of the reasons I often opt for trading positive interest reversions..
I have a good idea lol
  • #12,058
  • Feb 7, 2018 4:51am Feb 7, 2018 4:51am
Attached Image (click to enlarge)
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  • #12,059
  • Feb 7, 2018 4:52am Feb 7, 2018 4:52am
Quoting Dingoman-two
{quote} I agree scalping is not easy at all, but once in awhile i jag a good one and when i do it out strips my loses,most of the time, But there is no way in hell that i can make a living of it, (yet,and it's not from a lack of trying) the key to staying out in front is to keep your loses as small as possible all the time, sometimes it spick's out of control, at these times i enter a trade in the opposite direction and try to trade my way out of it, This usually works,but it can be tense at times,as well. cheers
Good for you - only real viable solution unless you are sitting on a truck load of cash is to build a track record with low drawdown and become 'investable'...In my experience anyway - if you are sitting on less than $20k making a living from is FX is highly unlikely..but it can provide additional income.
  • #12,060
  • Feb 7, 2018 4:56am Feb 7, 2018 4:56am
Quoting okshop
SLOW MOTION lol buy 1.23486 (sl 10 pip)
### KISS MY SL out
Attached Image (click to enlarge)
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Self discipline It is a practice
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