Attachments: Scalping the pip out of it

Scalping the pip out of it

#61
Apr 14, 2008 6:40pm Apr 14, 2008 6:40pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

GJ is getting caught on daily pivot contradicting EJ tech

#62
Apr 14, 2008 6:45pm Apr 14, 2008 6:45pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

What i really want to see is a new low + close on 1hr chart. Then wait for retrace to get in short

#63
Apr 14, 2008 6:57pm Apr 14, 2008 6:57pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

I know that there are valid buy options on the GJ right now. I dont take them cause i am looking mostly to go with higher TF market flow

#64
Apr 14, 2008 7:03pm Apr 14, 2008 7:03pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

1 hr close on EJ. Like to see some downward pressure to get in on retrace

also. if price pushes down. I am looking to buy at 1.5900. nice 15-25 move i expect.

or i could be completely wrong

#65
Apr 14, 2008 7:10pm Apr 14, 2008 7:10pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

Overlapping fibs at prev support. Money in the bank

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#66
Apr 14, 2008 7:14pm Apr 14, 2008 7:14pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

Yay new low. If price comes back up to 1.6009 I am in.

Gosh i hope i dont end up eating my stupid words here.

#67
Apr 14, 2008 7:20pm Apr 14, 2008 7:20pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

I downloaded the Jepordy theme on my Itunes so that i can be really nervous leading up to a trade.

#68
Apr 14, 2008 7:32pm Apr 14, 2008 7:32pm

Pip Hunter
| Joined Oct 2006 | Status: Trader | 301 Posts

Quoting Piitb

Disliked

Yay new low. If price comes back up to 1.6009 I am in.

Gosh i hope i dont end up eating my stupid words here.

Ignored

And 1.6009 would be your 62 retracement right? Now that you have your new low your confident that price will be back and your SL is probably at 160.22?

I really like how you think. And the asian session with it's low volume doesn't scare you away?

PipHunter

#69
Apr 14, 2008 7:33pm Apr 14, 2008 7:33pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

if it takes me in my SL will be at 1.6020

#70
Apr 14, 2008 7:35pm Apr 14, 2008 7:35pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

What i am looking for is the fib that lines up with the last high of few hours ago

#71
Apr 14, 2008 7:38pm Apr 14, 2008 7:38pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

Quoting Pip Hunter

Disliked

And 1.6009 would be your 62 retracement right? Now that you have your new low your confident that price will be back and your SL is probably at 160.22?

I really like how you think. And the asian session with it's low volume doesn't scare you away?

Ignored

Because of my schedule this is only time i can trade unless i stay up till 3 in the morn. lol.

Thanks for the hit. Im gonna keep post on my trades. More for me than anything. It keeps me honest.

#72
Apr 14, 2008 7:42pm Apr 14, 2008 7:42pm

tonyo524
Joined Feb 2008 | Status: Trader | 2,258 Posts

Quoting Piitb

Disliked

I downloaded the Jepordy theme on my Itunes so that i can be really nervous leading up to a trade.

Ignored

All that is left in FF is just plain garbage. "Cloggie"

#73
Apr 14, 2008 7:44pm Apr 14, 2008 7:44pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

So i am in. Fingers crossed. LOL
I want to be as transparent here as possible. I have my target and my stop.If this trade doesnt work i still feel that i made a good trade.

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#74
Apr 14, 2008 7:47pm Apr 14, 2008 7:47pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

Notice that it is engaging the upper band of the bollinger and also stoch is getting overbought. Fib at previous high, WIth an evening star on 1hr chart i am totally happy with this trade

My actual order is the red tag. That is my spread i have to fill.

#75
Apr 14, 2008 7:59pm Apr 14, 2008 7:59pm

Piitb
| Commercial User | Joined Mar 2008 | 377 Posts

So this is a start. The cool thing about this trade is it is well confirmed on higher timeframes. So i might try to get in behind with with a trailing stop and get some extra yardage.