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GBPJPY scalpers

  • #2,101
  • Apr 4, 2008 12:45pm Apr 4, 2008 12:45pm
Quoting emda
I know.. I guess I was lucky... it was the correct leverage for a 20 pips target... the thing is that it went so fast from my target to my target plus 40 pips more.. that I decided to set the sl to +20 pips... and let it go... it is still there.. untouched... +127 pips now... more than 100 pips more than the current scalp target... I know I should close it.. but if the price goes up again and it closes at +20 I'll be happy also.

Not sure how many lots you have on , but sell at least half ,

I run 10 standard , sell 4 at 20 pips , 3 at 40 pips , stops is paid for , let last 3 run
Blogging daily now at www.volume.zone
  • #2,102
  • Apr 4, 2008 12:51pm Apr 4, 2008 12:51pm
Quoting SimonJ
Here's a cowboy trade call from me myself. Go short at 203.35, TP at 203. Trade it at your own risk lol.

EDIT: wasnt supposed to be a quote.
No longer valid. Damn almost hit it. Here's how I was thinking.
GBP/USD wasn't doing much. So charting was done on USD/JPY.
Not the last touch of swing pivot but the one before, had it moved 2 pips higher GBP/JPY would have touched 203.35. It moved down earlier and very quick so I wasn't fast enough to catch it. Didn't hit 203 either but 203.04. Pretty close call anyway.
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  • #2,103
  • Apr 4, 2008 12:54pm Apr 4, 2008 12:54pm
Quoting SimonJ
No longer valid. Damn almost hit it. Here's how I was thinking.
GBP/USD wasn't doing much. So charting was done on USD/JPY.
Not the last touch of swing pivot but the one before, had it moved 2 pips higher GBP/JPY would have touched 203.35. It moved down earlier and very quick so I wasn't fast enough to catch it. Didn't hit 203 either but 203.04. Pretty close call anyway.
Why give up so easy, your target was hit. Good call
Patience + Discipline - Greed = Success
  • #2,104
  • Apr 4, 2008 1:07pm Apr 4, 2008 1:07pm
Quoting malcolmb14
Not sure how many lots you have on , but sell at least half ,

I run 10 standard , sell 4 at 20 pips , 3 at 40 pips , stops is paid for , let last 3 run
I'll close it if closes above 5 min 200 ema.

but it seems to go down now... breaking flag...
  • #2,105
  • Apr 4, 2008 1:17pm Apr 4, 2008 1:17pm
It was hard to get any clear signals because of all the spikes this morning, however the 15 min Open Range technique worked quite well. Thick dark green line is the lower range limit selling below produced some good pips. Thanks Malcolm for introducing us to it.
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  • #2,106
  • Apr 4, 2008 1:43pm Apr 4, 2008 1:43pm
Hey A108,
Nice wave on your profile pic. That you?
FUBAR...
  • #2,107
  • Apr 4, 2008 1:46pm Apr 4, 2008 1:46pm
beware of fed governor speaking now..
  • #2,108
  • Apr 4, 2008 1:51pm Apr 4, 2008 1:51pm
Malcolmb. I have searched the attachements in this thread for the RSI w/ color bars, that you and A108 use and did not find it. Is that something you could share with us? Or maybe you already have and I missed it. I have something similar but it doesnt have the color bars as prominently displayed, it only highlights the actual graph line when it above the 75 or below the 25. It is certainly more easily referenced with your version. Thanks for all you do for us in here. Have learned volumes.

Have a great weekend.
  • #2,109
  • Apr 4, 2008 1:59pm Apr 4, 2008 1:59pm
Quoting ak4x
Hey A108,
Nice wave on your profile pic. That you?
You like that AK, it is not me however that's what I shoot for when the swell is on.
  • #2,110
  • Apr 4, 2008 2:03pm Apr 4, 2008 2:03pm
Quoting bluemax
Malcolmb. I have searched the attachements in this thread for the RSI w/ color bars, that you and A108 use and did not find it. Is that something you could share with us? Or maybe you already have and I missed it. I have something similar but it doesnt have the color bars as prominently displayed, it only highlights the actual graph line when it above the 75 or below the 25. It is certainly more easily referenced with your version. Thanks for all you do for us in here. Have learned volumes.

Have a great weekend.
It is the rapid rsi in esignal
Blogging daily now at www.volume.zone
  • #2,111
  • Apr 4, 2008 2:04pm Apr 4, 2008 2:04pm
Quoting malcolmb14
It is the rapid rsi in esignal
Ahhh, which probably means it isnt compatable with MT4 or VT systems?
  • #2,112
  • Apr 4, 2008 2:09pm Apr 4, 2008 2:09pm
Quoting bluemax
Malcolmb. I have searched the attachements in this thread for the RSI w/ color bars, that you and A108 use and did not find it. Is that something you could share with us? Or maybe you already have and I missed it. I have something similar but it doesnt have the color bars as prominently displayed, it only highlights the actual graph line when it above the 75 or below the 25. It is certainly more easily referenced with your version. Thanks for all you do for us in here. Have learned volumes.

Have a great weekend.
Hi Blue Max ,
The rapid RSI for MT4 is in the attachment file on this thread. The colored RSI for MT4 do not work as the one on E-signal, the only one that gives the same readings is the one labeled "rapid RSI" it looks like the ordinary RSI, however it gives different readings try it. If you like VT download it from here : http://forum.vtsystems.com/index.php?showtopic=5156
  • #2,113
  • Apr 4, 2008 2:16pm Apr 4, 2008 2:16pm
Well, my earlier short position paid off well enough. I reset the TP to 202.40 since I doubt it will make it all the way down to 201.95 by the end of today. the 202.40 level was the level of support for the big move this morning so I figured it would probably act as that again. Looks to be holding true so far.
  • #2,114
  • Apr 4, 2008 2:19pm Apr 4, 2008 2:19pm
Quoting A108
Hi Blue Max ,
The rapid RSI for MT4 is in the attachment file on this thread. The colored RSI for MT4 do not work as the one on E-signal, the only one that gives the same readings is the one labeled "rapid RSI" it looks like the ordinary RSI, however it gives different readings try it.
Thanks, I'll play with it over the weekend. Appreciate the input A108.

Cheers
  • #2,115
  • Apr 4, 2008 8:58pm Apr 4, 2008 8:58pm
Lol pretty drunk right now but here is a COLORED RAPID RSI INDICATOR FOR MT4, I merged 2 indicators to create this one! Be happy to be among the only people in tha world to have this for MT4!!
Attached File(s)
File Type: ex4 Rapid Color RSI v1.01.ex4   11 KB | 482 downloads
  • #2,116
  • Apr 4, 2008 10:08pm Apr 4, 2008 10:08pm
Thanks Simon,

RSI looks great, can you program indicators for Tadestation or E-signal?http://forexfactory.com/images/icons/icon14.gif
  • #2,117
  • Apr 5, 2008 1:20am Apr 5, 2008 1:20am
Thanks for this dude.
  • #2,118
  • Apr 5, 2008 7:33am Apr 5, 2008 7:33am
Quoting eye4spot
who's with me on buy?
I am long with 13 minilots all the way down to 202.40.

I think we have some more downside coming, I am buying all the way down to 201.99. I doubt we wil get much lower than that.
  • #2,119
  • Apr 5, 2008 7:37am Apr 5, 2008 7:37am
Quoting malcolmb14
High leverage ??? using to much account funds by the sound of it.....

That is bad money management , but it seems to have worked for you,

But it is also the kind of behaviour that destroys accounts
I can attest to this first hand. I have done this several times and have destroyed many accounts and have had to start over
  • #2,120
  • Apr 5, 2008 7:44am Apr 5, 2008 7:44am
Quoting Infinity
Why give up so easy, your target was hit. Good call
It is very hard to learn patience, but without it it is VERY hard to be a sucessful GJ trader.

I had some shorts yesterday way up there, and set my Tp and SL.

Sadly my SL got hit and it only went 1 pip higher then it collapsed
and went 100+ pips down.

If I was patient and had waited and since I was sitting here I could have moved my SL up a few pips, I would be up 100 pips plus.
But instead I took a loss of 20 pips, which was my only loss for the day
(Friday) and it was on a bloody short.

I hate shorts. I would rather wait until the short plays out and go LONG in the dips.
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