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  • #72,421
  • Jan 11, 2019 3:22am Jan 11, 2019 3:22am
Quoting engweijie
{quote} Not saying you're wrong because on M15, M30 and H1 it looks to be supporting your sentiment, but just a little patience and you probably get a slightly better entry 6 to 10 pips lower But good luck brother I'm rooting for you! end the week on a high (if you know what I mean )
yea i pulled the trigger a bit too fast here.
I take it you mean that its better to enter on the support line??
So price hit that support twice (pink boxes) and i entered (blue arrow).
I think you mean i should wait for the third box (orange) at support??
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in wondering about yourself, you forgot what you came here to be part of
  • #72,422
  • Jan 11, 2019 3:22am Jan 11, 2019 3:22am
@Moty For how many years have you been trading? +-
  • #72,423
  • Jan 11, 2019 3:22am Jan 11, 2019 3:22am
Quoting engweijie
{quote} Just entered this trade 1.15175, so literally 10 pips lower, SL at +1 now just gonna let it run and see what happens since post said bad data in his post above. I’ve been very heavily reliant on Ata’s lwmas as you all can see from my entries, so when you look at M15, M30 and H1 you’ll see that the lines sit exactly where I entered as a nice cushy support. Earlier when knkie entered his trade, if you zoomed in on M5, slap on an RSI, a stoch and/or any other momentum indicator you’ll notice there’s plenty more wiggle room for price to go downwards...
Thanks a lot. Very clear explanation. I will look at the M15 Green line from now on before I enter.
Observation is the path to discovery.
  • #72,424
  • Jan 11, 2019 3:25am Jan 11, 2019 3:25am
Quoting knkie
{quote} yea i pulled the trigger a bit too fast here. I take it you mean that its better to enter on the support line?? So price hit that support twice (pink boxes) and i entered (blue arrow). I think you mean i should wait for the third box (orange) at support?? {image}
Yup, versus jumping in when the pair has been ranging up and down the last couple of hours making no progress, might as well enter a buy at the bottom and minimising drawdown. Plus it allows for a tighter SL.
You hesitate, you masturbate.
  • #72,425
  • Jan 11, 2019 3:25am Jan 11, 2019 3:25am
Quoting engweijie
{quote} Just entered this trade 1.15175, so literally 10 pips lower, SL at +1 now just gonna let it run and see what happens since post said bad data in his post above. I’ve been very heavily reliant on Ata’s lwmas as you all can see from my entries, so when you look at M15, M30 and H1 you’ll see that the lines sit exactly where I entered as a nice cushy support. Earlier when knkie entered his trade, if you zoomed in on M5, slap on an RSI, a stoch and/or any other momentum indicator you’ll notice there’s plenty more wiggle room for price to go downwards...
excellent explanation
thnx
in wondering about yourself, you forgot what you came here to be part of
  • #72,426
  • Jan 11, 2019 3:25am Jan 11, 2019 3:25am
Quoting Alorente
{quote} Thanks a lot. Very clear explanation. I will look at the M15 Green line from now on before I enter.
He uses M5 LWMA’s (he uses two - 49 and 54) a lot too. I’ve found they work well for scalping
A snails pace wins the race :-)
  • #72,427
  • Jan 11, 2019 3:26am Jan 11, 2019 3:26am
Quoting Jp1
{quote} Bulls must be strong then, coz the data has hardly moved the EUR.......
I agree with you.. that's why I got a small sized short... the thing is EU has been ignoring the it's own weakness for some times and rising on dollar weakness which kinda risky to me... that's why I am not going long with EU yet....plus..Brexit decision in 4 days ..cable always takes EU with it...ups or down. ( here Market expecting cable to tank short term) will see.. but today's US CPI data is very important for EURO........

Trade safe..
Happy Trading
Trades technical moves enforced by fundamentals
  • #72,428
  • Jan 11, 2019 3:26am Jan 11, 2019 3:26am
Quoting Pagh
@Moty For how many years have you been trading? +-
5-6 years
yes yes yes
  • #72,429
  • Jan 11, 2019 3:26am Jan 11, 2019 3:26am
Quoting engweijie
{quote} Yup, versus jumping in when the pair has been ranging up and down the last couple of hours making no progress, might as well enter a buy at the bottom and minimising drawdown. Plus it allows for a tighter SL.
yes i need to work on this.
I see the trade coming and then im nervous I will miss the explosion if i wait longer.
in wondering about yourself, you forgot what you came here to be part of
  • #72,430
  • Jan 11, 2019 3:30am Jan 11, 2019 3:30am
Quoting knkie
{quote} yes i need to work on this. I see the trade coming and then im nervous I will miss the explosion if i wait longer.
When I first came to this thread I had the exact same problem - trigger happy fingers. But lose a couple more dollars than you’re comfortable with and having had the good guys here keep drilling it in my head and I’ve since managed to handle my ‘fomo’ moments better.

Think of it this way bro, the EURUSD is always moving back and forth back and forth. Sure it charges towards the general trend/direction for a bit then there’s a pullback, then charges forward again and pulls back again. Same old same ol. Missed a trade? Big deal. There’s literally a scalp/short term setup waiting to be taken every new hour. Patience is the biggest lesson I’ve learnt from everyone here

Happy weekend!
You hesitate, you masturbate.
  • #72,431
  • Jan 11, 2019 3:32am Jan 11, 2019 3:32am
Quoting JustPipMe
{quote} He uses M5 LWMA’s (he uses two - 49 and 54) a lot too. I’ve found they work well for scalping
Why two LWMAs? To create a channel of S/R?
Observation is the path to discovery.
  • #72,432
  • Jan 11, 2019 3:32am Jan 11, 2019 3:32am
Quoting okshop
more lesson for fren {image} {image} {image}
done short closed
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Self discipline It is a practice
  • #72,433
  • Jan 11, 2019 3:33am Jan 11, 2019 3:33am
Quoting engweijie
{quote} When I first came to this thread I had the exact same problem - trigger happy fingers. But lose a couple more dollars than you’re comfortable with and having had the good guys here keep drilling it in my head and I’ve since managed to handle my ‘fomo’ moments better. Think of it this way bro, the EURUSD is always moving back and forth back and forth. Sure it charges towards the general trend/direction for a bit then there’s a pullback, then charges forward again and pulls back again. Same old same ol. Missed a trade? Big deal. There’s literally...
Youre right Engw...thanx for that !


btw, ive seen how you have grown on this thread by leaps and bounds.
Youre one of the best on here now...be proud
in wondering about yourself, you forgot what you came here to be part of
  • #72,434
  • Jan 11, 2019 3:33am Jan 11, 2019 3:33am
Quoting Alorente
{quote} Why two LWMAs? To create a channel of S/R?
Something like that. Just an additional filter of sorts.
You hesitate, you masturbate.
  • #72,435
  • Jan 11, 2019 3:35am Jan 11, 2019 3:35am
Quoting Alorente
{quote} Why two LWMAs? To create a channel of S/R?
Offers a “buffer zone” of where to enter or exit. Helpful in lower tf’s.

He’ll answer this one as well I expect...
A snails pace wins the race :-)
  • #72,436
  • Jan 11, 2019 3:39am Jan 11, 2019 3:39am
i wonder why EUR/USD is so hard to trade for me
  • #72,437
  • Jan 11, 2019 3:39am Jan 11, 2019 3:39am
Quoting Alorente
{quote} Why two LWMAs? To create a channel of S/R?

Quoting JustPipMe
{quote} Offers a “buffer zone” of where to enter or exit. Helpful in lower tf’s. He’ll answer this one as well I expect...
Yup couldn't have said it better. I have a 'criteria' for my entries where an ideal entry is a touch of either lines (they're usually barely a couple pips apart anyway) plus my momentum indicators have to be tapped out. If a set up like that shows up later in the day I'll take a screenshot and show what I mean, don't have any old ones on this phone at the moment so sorry bout that. Sometimes if the lines are apart I like to enter half my position at the touch of the first line, and the second one slightly past the second line. Just for precaution.

Anyway price seems to be consolidating for now so let's wait for a breakout to see what London wants to do.
You hesitate, you masturbate.
  • #72,438
  • Jan 11, 2019 3:46am Jan 11, 2019 3:46am
never traded E/U but here a good short for daily
Attached Image
  • #72,439
  • Jan 11, 2019 3:46am Jan 11, 2019 3:46am
Quoting engweijie
{quote} {quote} Yup couldn't have said it better. I have a 'criteria' for my entries where an ideal entry is a touch of either lines (they're usually barely a couple pips apart anyway) plus my momentum indicators have to be tapped out. If a set up like that shows up later in the day I'll take a screenshot and show what I mean, don't have any old ones on this phone at the moment so sorry bout that. Sometimes if the lines are apart I like to enter half my position at the touch of the first line, and the second one slightly past the second line. Just...
Thanks again.

I have been trading for decades and I can say without hesitation that you are the best scalper I have ever seen. You are a Natural...

It especially astounds me how you enter one way for 8 or 10 pips and immediately reverse for a few and then reverse again and win time after time...

Yesterday you put on a show !!

It would be very helpful to me (I love scalping) if you explain what you see when you open or close a trade. Just until I grasp the concept. I thank you greatly.
Observation is the path to discovery.
  • #72,440
  • Jan 11, 2019 3:47am Jan 11, 2019 3:47am
On H1, M15 pair looks strong enough, plus fundamentals, so current bias is up. Waiting for today's range up-break and pullback to enter, will target yesterday's highs. Alternatively, down-breach to 1495-1510, then reversal up and pullback, though will be less inclined to buy in this scenario.

Relative short-term performance: NZDUSD, AUDUSD, EURUSD, GBPUSD (from strongest to weakest).
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