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  • #1,401
  • Mar 30, 2008 6:29pm Mar 30, 2008 6:29pm
OK thanks so your up about 70 pips or 7 grand already-- you da man!



Quoting malcolmb14
ok long was 196.6 , target was 196.9 , that was a fib extensions .... did not hit it and reversed on smaller time frames (1,2, and 3) ... as soon as I see that I get out of trade ....

spread is 7 pips right now .... so as long as I make more than that I am happy.

right now waiting for short under 50 sma on 5 min and 197.5
  • #1,402
  • Mar 30, 2008 6:30pm Mar 30, 2008 6:30pm
If there is major support close by I do not just go short , instead if i get a trigger I wait , try to get better entry under the support and use it as stop .

this keeps me out of a lot of ' false ' triggers
Blogging daily now at www.volume.zone
  • #1,403
  • Mar 30, 2008 6:32pm Mar 30, 2008 6:32pm
do not even think about shorting till under the 50 sma on 5

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  • #1,404
  • Mar 30, 2008 6:34pm Mar 30, 2008 6:34pm
197.4 is sell entry , 196.26 target , with minor support at 197.3

Malcolmb, do you target bid or ask as your entry?

Thanks,

Paul
  • #1,405
  • Mar 30, 2008 6:35pm Mar 30, 2008 6:35pm
60 min has morning star set up -= very bullish

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  • #1,406
  • Mar 30, 2008 6:36pm Mar 30, 2008 6:36pm
Quoting Downrigger
197.4 is sell entry , 196.26 target , with minor support at 197.3

Malcolmb, do you target bid or ask as your entry?

Thanks,

Paul

BId on sells , asks on buys

for example most charts are either bid or ask prices , I use bid
Blogging daily now at www.volume.zone
  • #1,407
  • Mar 30, 2008 6:37pm Mar 30, 2008 6:37pm
This is really sound, logical training for trading the FX market. Thanks everyone

Quoting Downrigger
197.4 is sell entry , 196.26 target , with minor support at 197.3

Malcolmb, do you target bid or ask as your entry?

Thanks,

Paul
  • #1,408
  • Mar 30, 2008 6:38pm Mar 30, 2008 6:38pm
Quoting malcolmb14
If there is major support close by I do not just go short , instead if i get a trigger I wait , try to get better entry under the support and use it as stop .

this keeps me out of a lot of ' false ' triggers
You're right .. especially in Asian ranging market, hard to define it's a bull or bear trap
I have not taken any position yet so far .. just watching you guys short and long .. and short and long .. I am still not getting any good entry confirmation yet so far.. Possibly London session or till New York opens ..
Try not to make any more mistake ..
  • #1,409
  • Mar 30, 2008 6:40pm Mar 30, 2008 6:40pm
i have placed all of the simole moving averages 50 20 10 on my mt4 but they all show higher values then on your charts. any help would be appriciated.
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  • #1,410
  • Mar 30, 2008 6:41pm Mar 30, 2008 6:41pm
Quoting mktjong
You're right .. especially in Asian ranging market, hard to define it's a bull or bear trap
I have not taken any position yet so far .. just watching you guys short and long .. and short and long .. I am still not getting any good entry confirmation yet so far.. Possibly London session or till New York opens ..
Try not to make any more mistake ..

I watch 1,2,3,5 , 10 , 15 , 30 , 60 and 3 hour time frames on one spread sheet called Radar in Tradestation

gives me a good handle on what is going on

also another screen with YM .... even the futures at this time show you if there is bad or good news out there
Blogging daily now at www.volume.zone
  • #1,411
  • Mar 30, 2008 6:42pm Mar 30, 2008 6:42pm
Quoting startingover
i have placed all of the simole moving averages 50 20 10 on my mt4 but they all show higher values then on your charts. any help would be appriciated.

see if they are calculated on the close or open of the bar

mine are on the close
Blogging daily now at www.volume.zone
  • #1,412
  • Mar 30, 2008 6:42pm Mar 30, 2008 6:42pm
This is really getting comical- Kids go to babypips.com before you start scalping the beast on a 5min chart.

Just my 2cents

I'm here for the humor~


Quoting startingover
i have placed all of the simole moving averages 50 20 10 on my mt4 but they all show higher values then on your charts. any help would be appriciated.
  • #1,413
  • Mar 30, 2008 6:47pm Mar 30, 2008 6:47pm
Quoting startingover
i have placed all of the simole moving averages 50 20 10 on my mt4 but they all show higher values then on your charts. any help would be appriciated.
I have same problem, but depends on my broker time. Some above 50, some below.
  • #1,414
  • Mar 30, 2008 6:47pm Mar 30, 2008 6:47pm
Quoting malcolmb14
see if they are calculated on the close or open of the bar

mine are on the close
Thanks

yes they are on close but the values are about 20 pips higher.


ps I don't need babypips, I am simply trying to figure out the proper setting
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  • #1,415
  • Mar 30, 2008 6:48pm Mar 30, 2008 6:48pm
Quoting slicky
I have same problem, but depends on my broker time. Some above 50, some below.
Thanks slicky
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  • #1,416
  • Mar 30, 2008 6:48pm Mar 30, 2008 6:48pm
almost got hit on sell ....


cancelled for now.

I am thinking this going up ......classic reversal candle pattern on 5 min off 50 sma
Blogging daily now at www.volume.zone
  • #1,417
  • Mar 30, 2008 6:50pm Mar 30, 2008 6:50pm
Not trying to be hard to get along with but is this scenario 1 or 2

Quoting malcolmb14
almost got hit on sell ....


cancelled for now.

I am thinking this going up ......classic reversal candle pattern on 5 min off 50 sma
  • #1,418
  • Mar 30, 2008 6:50pm Mar 30, 2008 6:50pm
Quoting FXStarShip
This is really getting comical- Kids go to babypips.com before you start scalping the beast on a 5min chart.

Just my 2cents

I'm here for the humor~

Hey Dad, its ok to help some kids some times even though they are new here or learning ....

Just my 3cents

  • #1,419
  • Mar 30, 2008 6:50pm Mar 30, 2008 6:50pm
Quoting startingover
Thanks

yes they are on close but the values are about 20 pips higher.


ps I don't need babypips, I am simply trying to figure out the proper setting
You have to ignore people some times. Some individuals forget that they too had to crawl before they could walk. And in reality probably aren't even better at scalping than those whom they attempt to ridicule.
All that is left in FF is just plain garbage. "Cloggie"
  • #1,420
  • Mar 30, 2008 6:51pm Mar 30, 2008 6:51pm
Quoting FXStarShip
This is really getting comical- Kids go to babypips.com before you start scalping the beast on a 5min chart.

Just my 2cents

I'm here for the humor~

I make my $$$$ scalping the beast on 5 min charts

I hate swing trading her

Hate the draw downs

New website up and running next week ...... 3.5 hours a day 30 - 150 pips
Blogging daily now at www.volume.zone
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