GBPJPY scalpers | Page 123 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Mathematical reasons why MOST DayTraders & scalpers fail? 197 replies

Best broker for scalpers? 162 replies

Scalpers Hourly Range Indicator (TSR tweeked for scalpers) 2 replies

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays 88 replies

Synergy Method For Scalpers and Scalpers Hourly Range Calculator (Based on TSR) 22 replies

Attachments: GBPJPY scalpers
Exit Attachments

GBPJPY scalpers

  • #2,441
  • Apr 15, 2008 5:48pm Apr 15, 2008 5:48pm
Does anyone know whether Malcomb14 trading room started already ? Have been keep an eye on Malcomb14 thread. I think the trading room supposely live this week, can anyone confirm it ? THanks. Please provide the instruction how to signup and where to sign in. THanks again.
  • #2,442
  • Apr 15, 2008 6:03pm Apr 15, 2008 6:03pm
Quoting Billser
High Scotty,

Are you using a SL and if so where are you placing it.

Thank you

Billser
Billser,
I'm sorry mate..no I am not using a stop loss. I don't advocate trading this way though. I don't want to throw out a number and say ahhhhhh yeah put your stop loss at xxx.xx, because I would just be making it up. So I would put your SL in a place that is justifiable to you on your chart... All my trades go into temporary DD, and most people don't like looking at negative numbers...I have trained myself to go with the flow. I was trading on the 1 hr and getting way to deep, and then I learned to trade entirely off the 5 min. It has revolutionized my time/profit ratio. I am really excited about my current setup, and 400-500 pips/week is a no-brainer; 1000 with your brain on. I'm not trying to brag when I share those numbers, but I have gotten to the point now where I am trading 100%. For me personally, to use SL's is unjustifiable and a waste. They do save a lot of people's butts though, so use them people! I will share my targets every now and then but stop loss levels are up to you folks out there. I can't simply give out an arbitrary number though with a clean conscience. I hope you understand.

Scotty B
  • #2,443
  • Apr 15, 2008 6:30pm Apr 15, 2008 6:30pm
Hi Scooty,

I had a feeling you would say that....but I had to ask....and great job on the 400-500 pips per week minus brain....amazing....I'm short at 199.68....

Billser


Quoting Scotty B
Billser,
I'm sorry mate..no I am not using a stop loss. I don't advocate trading this way though. I don't want to throw out a number and say ahhhhhh yeah put your stop loss at xxx.xx, because I would just be making it up. So I would put your SL in a place that is justifiable to you on your chart... All my trades go into temporary DD, and most people don't like looking at negative numbers...I have trained myself to go with the flow. I was trading on the 1 hr and getting way to deep, and then I learned to trade entirely off the 5 min. It has revolutionized my time/profit ratio. I am really excited about my current setup, and 400-500 pips/week is a no-brainer; 1000 with your brain on. I'm not trying to brag when I share those numbers, but I have gotten to the point now where I am trading 100%. For me personally, to use SL's is unjustifiable and a waste. They do save a lot of people's butts though, so use them people! I will share my targets every now and then but stop loss levels are up to you folks out there. I can't simply give out an arbitrary number though with a clean conscience. I hope you understand.

Scotty B
It's All About Attitude ...
  • #2,444
  • Apr 15, 2008 7:05pm Apr 15, 2008 7:05pm
Quoting Scotty B
Billser,
I'm sorry mate..no I am not using a stop loss. I don't advocate trading this way though. I don't want to throw out a number and say ahhhhhh yeah put your stop loss at xxx.xx, because I would just be making it up. So I would put your SL in a place that is justifiable to you on your chart... All my trades go into temporary DD, and most people don't like looking at negative numbers...I have trained myself to go with the flow. I was trading on the 1 hr and getting way to deep, and then I learned to trade entirely off the 5 min. It has revolutionized my time/profit ratio. I am really excited about my current setup, and 400-500 pips/week is a no-brainer; 1000 with your brain on. I'm not trying to brag when I share those numbers, but I have gotten to the point now where I am trading 100%. For me personally, to use SL's is unjustifiable and a waste. They do save a lot of people's butts though, so use them people! I will share my targets every now and then but stop loss levels are up to you folks out there. I can't simply give out an arbitrary number though with a clean conscience. I hope you understand.

Scotty B

I am back to almost 100% too
for the month I am up on 348 out of 350 trades and holding some DD's too,
but its ok they are paying me ok interest at like 30% a month, which isn't the 60% I am used too but its sure better than paying interest. I also don't use Sl's. And dont recommend anyone trade this way.

BUT on a beast like the GJ unless you know there is some tight support,
I wouldn't recommend putting your SL tight or your SL hunting broker will eat you up. I never liked SL's and preferred in the past to sit and watch the screen and SQR the deal when it went too low for my taste, but this too is dangerous as if the market moves fast you sure can't get out easily.
Or if your inet connection drops UGH!

And considering the range of this beast I think you have to have looser Sl's but thats just my 2 cents which isn't worth much on this one as I like Scotty dont use them and have a very good reason for this, at least in my mind.
  • #2,445
  • Apr 15, 2008 8:07pm Apr 15, 2008 8:07pm
Quoting lalatwk
Does anyone know whether Malcomb14 trading room started already ? Have been keep an eye on Malcomb14 thread. I think the trading room supposely live this week, can anyone confirm it ? THanks. Please provide the instruction how to signup and where to sign in. THanks again.

I am waiting for some programming to be done ..... they said they will get it done this week ...I hope . The room should be up next week.
Blogging daily now at www.volume.zone
  • #2,446
  • Apr 16, 2008 6:14am Apr 16, 2008 6:14am
good morning , weekly and monthly pivots at 199.50 ish

I am waiting for breakout of trend line on 5 min at about 200 for a buy or a break down of 199.5 for a sell.
Blogging daily now at www.volume.zone
  • #2,447
  • Apr 16, 2008 6:32am Apr 16, 2008 6:32am
I don't think I would be holding on to your shorts at this point!
15MIN GJ is sure screaming North!
  • #2,448
  • Apr 16, 2008 6:44am Apr 16, 2008 6:44am
Quoting rrram2
I don't think I would be holding on to your shorts at this point!
15MIN GJ is sure screaming North!
I agree

201.7 maybe on 60 min
Blogging daily now at www.volume.zone
  • #2,449
  • Apr 16, 2008 6:52am Apr 16, 2008 6:52am
Quoting malcolmb14
I agree

201.7 maybe on 60 min
Malcolmb, Are you long GJ?
  • #2,450
  • Apr 16, 2008 7:06am Apr 16, 2008 7:06am
Quoting currinexfx
Malcolmb, Are you long GJ?
I was from 199.8 to 200.20. I took the 40 pips for now , but am favouring the long side.
Blogging daily now at www.volume.zone
  • #2,451
  • Apr 16, 2008 7:13am Apr 16, 2008 7:13am
Quoting malcolmb14
I was from 199.8 to 200.20. I took the 40 pips for now , but am favouring the long side.
I see, thanks. Could you post your next entry please?
  • #2,452
  • Apr 16, 2008 7:18am Apr 16, 2008 7:18am
Quoting malcolmb14
I was from 199.8 to 200.20. I took the 40 pips for now , but am favouring the long side.
Nice one!
  • #2,453
  • Apr 16, 2008 8:00am Apr 16, 2008 8:00am
Quoting currinexfx
I see, thanks. Could you post your next entry please?
I too was long at 199.89 and sold those into low 200's.

I am looking to get long again into 199.79-199.89
I think if it gets this low I will get in with some more longs.

If it doesn't, well I got a basket on old longs waiting to reach my TP
to the upside. SO I will wait.

I started using new numbers on my RSI stochastic based on settings from pipaviator. SO now I am using RSI Stochastic settings of 13,5,3 ,3
it seems to be a little bit faster on showing the reversals (S/T tops and bottoms on the 2 or 5 min.

Looks like it already turned up on the 5 min ATM. I am hoping it comes down into 199.89 so I can get my long limit orders filled before it resumes up.
  • #2,454
  • Apr 16, 2008 8:22am Apr 16, 2008 8:22am
Quoting rrram2
Looks like it already turned up on the 5 min ATM.
Please donīt blame me, but what does ATM mean ?
Donīt live for working, but work for living.
  • #2,455
  • Apr 16, 2008 8:24am Apr 16, 2008 8:24am
Quoting matsf
Please donīt blame me, but what does ATM mean ?
At the moment
Patience + Humility + Study = Success
  • #2,456
  • Apr 16, 2008 8:27am Apr 16, 2008 8:27am
Oh, alright. Thx DutchTrader
Donīt live for working, but work for living.
  • #2,457
  • Apr 16, 2008 8:41am Apr 16, 2008 8:41am
Waiting for some form of trade .... markets happy on the good earnings.

199.5 is the daily and Monthly pivot. I would not enter a sell unless it was under the 199.5 price level

The pair is in very tight consolidation right on the 50 sma on the 5 min
Blogging daily now at www.volume.zone
  • #2,458
  • Apr 16, 2008 8:54am Apr 16, 2008 8:54am
dont like that the yens are not following the dow so far today..

my bias is up above the 199.60 area, been taking some longs up to the hourly 200. flat right now..
  • #2,459
  • Apr 16, 2008 9:09am Apr 16, 2008 9:09am
long order , 3 min long trigger , 199.9 entry , target 200.2

missed sell order due to news , 200.05 was entry , could have sold for 199.50
Blogging daily now at www.volume.zone
  • #2,460
  • Apr 16, 2008 9:17am Apr 16, 2008 9:17am
Look like every1 long GJ. Am i the only 1 short ? i hope not. had a sell at 199.9 TP 199.2
Sometimes in order to see the light, you have to risk the dark
10 traders viewing now