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Scalping the pip out of it

  • #101
  • Apr 15, 2008 1:14pm Apr 15, 2008 1:14pm
Quoting icthelite98
I took a look at the E/J but I usually get a 1 pip spread on the U/J so I'm usually in the green after 1pip I'm not after a lot of pips I take what I get. When scalping you end up paying a lot in commisions so you have to take that in consideration also I get more lots with U/J than I would with E/U so I sacrifice pip movement for more lots.

Another thing that I find very important in scalping you need a pair that allows you to think and reconize what is happening. Price movement can lure you to sleep or rush you into making hasty decisions. A slower pairs allow me to analyize while I'm trading

Wow 1 pip. I am SOOOO envious. LOL. I am almost exclusively a jpy trader for this exact reason.

Keep em coming
  • #102
  • Apr 15, 2008 1:24pm Apr 15, 2008 1:24pm
Is anyone having any problem seeing my chart attachments? You can double click and blow them up.
  • #103
  • Apr 15, 2008 1:39pm Apr 15, 2008 1:39pm
It seems as though you are using VT trader for your charts you can continue to use them as your charting platform but use an ECN broker to execute your trades. As you can tell my charts are from metatrader 4 platform but my broker is an ECN broker. Their pip spread are usually a little less even with the comession. Hell brokers refuse to tell you that their comessions are part of the spread so they get their's anyway.

By the way if you are using VT trader the level stop is part of their indicator package.
  • #104
  • Apr 15, 2008 2:04pm Apr 15, 2008 2:04pm
thx
  • #105
  • Apr 15, 2008 2:32pm Apr 15, 2008 2:32pm
Special announcement!!!!

If anyone wants to post a trade they have taken on any currency, I will analyze it and give you feedback.

I might not be the best trader in the world, but the point of a forum like FF is so you can grow and learn. Post a trade I will tell you what I think

Also all of my trades are open for discussion. That is all I am looking for is Discussion. If you try to go it alone in this market, It will Eat you up and Spit you out!..... Dont let it happen.

Post a trade get some perspective.
  • #106
  • Apr 15, 2008 2:39pm Apr 15, 2008 2:39pm
I was out of the office for about an hour so I missed this one, But this is exactly What I am looking for. Multiple fibs. Previous highs. Stoch and Rsi tag team. We are in an uptrend so go with it.

Because it is hitting fibs I do not need to put a SL under previous low. I can put it 10-15 under Fib!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: April 15(6) GJ.jpg Size: 542 KB
  • #107
  • Apr 15, 2008 2:58pm Apr 15, 2008 2:58pm
Piitb,I was wondering why you didnt stay longer from 199.61 as there was no stress.
  • #108
  • Apr 15, 2008 3:08pm Apr 15, 2008 3:08pm
I think you are absolutely right!. The only reason that I covered was becuse it hit my first Fib level. I prolly should have moved my stop to breakeven.

Nice point.
  • #109
  • Apr 15, 2008 3:44pm Apr 15, 2008 3:44pm
There is a case to be made for price rejection right now on the GJ. I have classic setup with my lower TFs stoch and rsi. I am NOT going to take the trade though. Becasue price is penetrating the main pivot. If it closes it means trend continuation. So I stay away
  • #110
  • Apr 15, 2008 3:52pm Apr 15, 2008 3:52pm
Even though I have overlapping Fibs. And my 5 min trigger setup. I stay out cause of price engaging central pivot. It is just a good idea to stay away from crucial places in the market.
Attached Image (click to enlarge)
Click to Enlarge Name: April 15(7) 08 GJ.jpg Size: 465 KB
  • #111
  • Apr 15, 2008 4:04pm Apr 15, 2008 4:04pm
Quoting Piitb
Special announcement!!!!

If anyone wants to post a trade they have taken on any currency, I will analyze it and give you feedback.

I might not be the best trader in the world, but the point of a forum like FF is so you can grow and learn. Post a trade I will tell you what I think

Also all of my trades are open for discussion. That is all I am looking for is Discussion. If you try to go it alone in this market, It will Eat you up and Spit you out!..... Dont let it happen.

Post a trade get some perspective.
Ever try scalping EUR/GBP?
History is written by the victors.
  • #112
  • Apr 15, 2008 4:08pm Apr 15, 2008 4:08pm
Funny you should ask that. I was just checking out the Eur/Gbp for the first time really.

I was trying to get a feeling for the major disparity between the GJ and the EJ. I havent tried scalping this pair yet but it looks pretty trendy.
I might give this a look and the weeks to come
  • #113
  • Apr 15, 2008 4:12pm Apr 15, 2008 4:12pm
Wow! this thing jumps a lot. Pretty range bound a lot of the time. Doesnt really like up with my stoch and rsi 5 min. too fast for my indis.

Do you have any techniques that you like with this pair?
  • #114
  • Apr 15, 2008 4:13pm Apr 15, 2008 4:13pm
Quoting Piitb
Funny you should ask that. I was just checking out the Eur/Gbp for the first time really.

I was trying to get a feeling for the major disparity between the GJ and the EJ. I havent tried scalping this pair yet but it looks pretty trendy.
I might give this a look and the weeks to come
Sometimes is nice for a break from the crazy G/J. Load up on $$lots for less pips but high profits. Took average 8 pips today multiple times which I think was comparable to 100 pips G/J with alot less stress.
History is written by the victors.
  • #115
  • Apr 15, 2008 4:20pm Apr 15, 2008 4:20pm
Any Possibility of a screenshot of a small scalp??
  • #116
  • Apr 15, 2008 7:52pm Apr 15, 2008 7:52pm
It really just doesnt get any better than this for a scalp. I saw this as I was right out the door for dinner and now I am kicking myself for not taking it.

Anybody think they see why this is a good trade?
Attached Image (click to enlarge)
Click to Enlarge Name: April 15(8) 08 EJ.jpg Size: 476 KB
  • #117
  • Apr 15, 2008 7:57pm Apr 15, 2008 7:57pm
Could have should have would have

Didnt

hehe. its ok we will get em next time:
  • #118
  • Apr 15, 2008 8:09pm Apr 15, 2008 8:09pm
Its me...the guy you have been putting the verbal smack on to check your forum.....I am here....it looks good bro.....you have been scalping the market for a long long time so I feel you have a lot to offer the traders that stop by and scope out your scalping forum......as fo meez...I havent scalped the market for a long long time......trading in other ways, but one of my favorite sayings is...'Whatever Floats Your Boat!!!' So, for those of you who are checking this forum out...Enjoy! cause this chap knows what the F#*k he is doing......

As for you Jon....I came, I saw....that you are conquering!!!

Outs!!
  • #119
  • Apr 15, 2008 8:12pm Apr 15, 2008 8:12pm
So we are clear I am talking about 16055 not the price at the top
  • #120
  • Apr 15, 2008 8:18pm Apr 15, 2008 8:18pm
Quoting FXPhenom
Its me...the guy you have been putting the verbal smack on to check your forum.....I am here....it looks good bro.....you have been scalping the market for a long long time so I feel you have a lot to offer the traders that stop by and scope out your scalping forum......as fo meez...I havent scalped the market for a long long time......trading in other ways, but one of my favorite sayings is...'Whatever Floats Your Boat!!!' So, for those of you who are checking this forum out...Enjoy! cause this chap knows what the F#*k he is doing......

As for you Jon....I came, I saw....that you are conquering!!!

Outs!!

Man!!! why did you have to go and blow my cover? hehe. It was good to hear from you too jon!
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