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  • #4,641
  • Sep 5, 2007 10:33am Sep 5, 2007 10:33am
To all here,,,

Daily is Down, I just happen to scalp counter trends.....and bounces...
Proper Prior Planning Prevents Piss Poor Performance
  • #4,642
  • Edited 11:12am Sep 5, 2007 10:38am | Edited 11:12am
Quoting FxJarhead
To all here,,,

Daily is Down, I just happen to scalp counter trends.....and bounces...

Long from 115.08 TP at 115.18.....lets see it 115 holds...

TP at 115.18 hit @ 12:11pm edt....That 115.15 area was a tough nut to crack!
Proper Prior Planning Prevents Piss Poor Performance
  • #4,643
  • Sep 5, 2007 11:03am Sep 5, 2007 11:03am
i just bought long at 115.05... i drew a line through yesterday's peaks and if im not mistaken, the pair should touch 115.35-115.40 before going back down or up. what do you think polish?
  • #4,644
  • Sep 5, 2007 11:07am Sep 5, 2007 11:07am
this is the line a drew....
Attached Image (click to enlarge)
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  • #4,645
  • Sep 5, 2007 11:11am Sep 5, 2007 11:11am
nice line.....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #4,646
  • Sep 5, 2007 11:13am Sep 5, 2007 11:13am
Quoting FxJarhead
Hey PT,
Did you do ok on the short from 116.37 area yesterday?

I'm scalping longs from 115.10 area to 115.25ish.....
If it Tests the low again, maybe a nice divergence.....
Hey FxJarhead,

There is nice story about that (actually right now is funny,back then it wasn;'t)

I took my short at 116.36 and like you was waiting for 116.15/17 area.However when I saw what was happening while it was approaching this level,I decided to gamble a little bit and move my stop just few pips from Daily Pivot (at 116.08).

The price action was really fast - it was touch and go a-lot-like-NFP And then I noticed that despite price hitted 116.08 my transaction was still active.Later I "recieved" negative swaps (swaps on my broker are added/taken at 18ET ... it is because here in Poland we have 0:00am and new day begins at 18ET) of course (like in all such stories) my stop-loss was hitted.I was mad as hell so I decided to write e-mail to my broker with complaint.

Thankfully,I woke up today and I read that it was their mistake and that my account has been updated with profit.So nice 28 pips profit.



I think that your T/P has been just hitted,right ? Most indicators are oversold so I believe we gonna have some retracement.
  • #4,647
  • Sep 5, 2007 11:14am Sep 5, 2007 11:14am
locked 2.2 pips 1.5% profit LOOOOOL
  • #4,648
  • Edited 11:22am Sep 5, 2007 11:15am | Edited 11:22am
Quoting invicta79
i just bought long at 115.05... i drew a line through yesterday's peaks and if im not mistaken, the pair should touch 115.35-115.40 before going back down or up. what do you think polish?
Hey invicta,

Not PT here, yet I think you made a good trade.....your target most def. looks achieveable.

Reached 31 invicta!!! Very nice.
Proper Prior Planning Prevents Piss Poor Performance
  • #4,649
  • Sep 5, 2007 11:16am Sep 5, 2007 11:16am
hey polish.. which indicators do you use to determine overselling and overbuying...?

locked another 6pips... yeah!!!
  • #4,650
  • Sep 5, 2007 11:19am Sep 5, 2007 11:19am
Quoting PolishTrader
Hey FxJarhead,

There is nice story about that (actually right now is funny,back then it wasn;'t)

I took my short at 116.36 and like you was waiting for 116.15/17 area.However when I saw what was happening while it was approaching this level,I decided to gamble a little bit and move my stop just few pips from Daily Pivot (at 116.08).

The price action was really fast - it was touch and go a-lot-like-NFP And then I noticed that despite price hitted 116.08 my transaction was still active.Later I "recieved" negative swaps (swaps on my broker are added/taken at 18ET ... it is because here in Poland we have 0:00am and new day begins at 18ET) of course (like in all such stories) my stop-loss was hitted.I was mad as hell so I decided to write e-mail to my broker with complaint.

Thankfully,I woke up today and I read that it was their mistake and that my account has been updated with profit.So nice 28 pips profit.



I think that your T/P has been just hitted,right ? Most indicators are oversold so I believe we gonna have some retracement.
YEP I got hit for 10 pips.....That market move just before 6pm was a nice spike down.....knew it was coming, not the spike, just the move down.....I use Oanda, so my interest debit starts the second I open the trade, though same for a long trade.....
Glad your broker made right by you!!!!!!!!
Proper Prior Planning Prevents Piss Poor Performance
  • #4,651
  • Sep 5, 2007 11:23am Sep 5, 2007 11:23am
Quoting invicta79
i just bought long at 115.05... i drew a line through yesterday's peaks and if im not mistaken, the pair should touch 115.35-115.40 before going back down or up. what do you think polish?
As I wrote I see some retracement soon,it could be the area you mentioned because it will be test of broken trendline.You've got to remember what FxJarhead noted - we have down trend so I would be cautious with longs right now
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  • #4,652
  • Edited 11:28am Sep 5, 2007 11:26am | Edited 11:28am
Quoting FxJarhead
Hey invicta,

Not PT here, yet I think you made a good trade.....your target most def. looks achieveable.

Reached 31 invicta!!! Very nice.
See it touch 115.36.....bank 'em!!!!

EDIT: 115.42..........very nice Invicta....!
Proper Prior Planning Prevents Piss Poor Performance
  • #4,653
  • Sep 5, 2007 11:43am Sep 5, 2007 11:43am
Quoting FxJarhead
See it touch 115.36.....bank 'em!!!!

EDIT: 115.42..........very nice Invicta....!

yeah baby.... 4.5% profit... hope you made some pips too fxjarhead!!
  • #4,654
  • Sep 5, 2007 11:44am Sep 5, 2007 11:44am
Quoting invicta79
hey polish.. which indicators do you use to determine overselling and overbuying...?

locked another 6pips... yeah!!!
I think tools which others use too.What Dove had on his chart was Slow_K on 2h and 20min chart and I have it also.What else - RSI (8).

I'm mostly trying to use them for divergence purpose.Oversold/overbought areas are often tricky so you have to watch for other confirmations (like Dove once said - he noticed that 2h chart is overbought(or oversold,nevermind) and in the same time he saw it also on 20min chart) or divergence on 15min chart mixed with price hitting bottom Bollinger Band at 30min - these are just examples - I'm not saying that they work always.
  • #4,655
  • Sep 5, 2007 12:09pm Sep 5, 2007 12:09pm
Quoting PolishTrader
As I wrote I see some retracement soon,it could be the area you mentioned because it will be test of broken trendline.You've got to remember what FxJarhead noted - we have down trend so I would be cautious with longs right now
So I am assuming that this close below the ascending triangle, is a signal to short the pair. Possibly with a SL at 115.70 (Daily Support Level 1 area, which currently is resitance) and a PT at 114.20 (Weekly Support Level 1 area).
"Don't work for your money, but let money work for you."
  • #4,656
  • Sep 5, 2007 12:10pm Sep 5, 2007 12:10pm
what are your settings for the bollinger band - fibo?
  • #4,657
  • Sep 5, 2007 12:12pm Sep 5, 2007 12:12pm
4 hour Stochastics and RSI will also support the drop of this pair to new lows, since both are trending downwards. However I am not to sure whether to place this trade below. What do you guys think?
"Don't work for your money, but let money work for you."
  • #4,658
  • Sep 5, 2007 12:13pm Sep 5, 2007 12:13pm
im gonna sit out for a while... the triangle just closed down... gotta wait for the next move.
  • #4,659
  • Sep 5, 2007 12:17pm Sep 5, 2007 12:17pm
Quoting chady250
So I am assuming that this close below the ascending triangle, is a signal to short the pair. Possibly with a SL at 115.70 (Daily Support Level 1 area, which currently is resitance) and a PT at 114.20 (Weekly Support Level 1 area).
For me it makes sense - maybe I would place SL a little bit higher (above 115.75 which is Weekly Central) - but you are the one who makes decision
  • #4,660
  • Sep 5, 2007 12:19pm Sep 5, 2007 12:19pm
Quoting invicta79
im gonna sit out for a while... the triangle just closed down... gotta wait for the next move.
hey polish... check out this graph... maybe we could see the price climb back up to 116.00.
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