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EURUSD

  • #6,761
  • Apr 18, 2008 2:04am Apr 18, 2008 2:04am
Quoting Ultraman
i went long EURJPY n TP : 163.87
At what price that you went long??
I missed to enter while doing something else..damn..
"Building Wealth By Confidence, Consistency, & Compounding"
  • #6,762
  • Apr 18, 2008 2:05am Apr 18, 2008 2:05am
Quoting Ultraman
me, i 'm scalp TF5M, late entry short..
then do know what happen..EU moving UP so fast..
so, the answer is today i'm loss
You mean,5 minutes?it is not so short.As you say,EU moving so fast,almost move each second.so I think 5 minates is a little long time for scalping.don't you think so?
  • #6,763
  • Apr 18, 2008 2:08am Apr 18, 2008 2:08am
Quoting scyang
I has happened so many times to me - getting in at the wrong time and have to be in a big hole for a long time. But seems like if you are patient enough, you can always get yourself out. I have been in a -200 pips hole before.
i have been scalp in the morning malaysia time, more fun scalp on EURUSD
im getting over 40pips ( O.2 lot )..then i enter short (1 lot ) after half an hour EURO moving up so fast like The Flash..
so, just let be..
never loss ur capital..
  • #6,764
  • Apr 18, 2008 2:08am Apr 18, 2008 2:08am
Quoting Ultraman
me, i 'm scalp TF5M, late entry short..
then do know what happen..EU moving UP so fast..
so, the answer is today i'm loss
I'm very sorry,I don't make certain waht TF5M means,can you make it clear for me?
  • #6,765
  • Apr 18, 2008 2:12am Apr 18, 2008 2:12am
Quoting scyang
I has happened so many times to me - getting in at the wrong time and have to be in a big hole for a long time. But seems like if you are patient enough, you can always get yourself out. I have been in a -200 pips hole before.

But seems like if you are patient enough, you can always get yourself out.

I'm afraid that it will take you into real trouble sometime.I would never dare venture such a big hole like you do.
  • #6,766
  • Apr 18, 2008 2:16am Apr 18, 2008 2:16am
Quoting GreatWall
I'm very sorry,I don't make certain waht TF5M means,can you make it clear for me?
TF5M = Time Frame 5 minutes
  • #6,767
  • Apr 18, 2008 2:18am Apr 18, 2008 2:18am
I never do that on purpose. It's usually by accident - I got in without setting a stop loss, and had to be away. When I came back, it's a huge hole. Thanks for the warning.

What is a good stop loss point. Some say 20 pips, some say 50 pips. I used ot set 20 pips, but I would get taken out and the pair would take off in the direction I wanted. It was so annoying. What is a good guideline?
Expected the unexpected
  • #6,768
  • Apr 18, 2008 2:24am Apr 18, 2008 2:24am
Quoting scyang
I never do that on purpose. It's usually by accident - I got in without setting a stop loss, and had to be away. When I came back, it's a huge hole. Thanks for the warning.

What is a good stop loss point. Some say 20 pips, some say 50 pips. I used ot set 20 pips, but I would get taken out and the pair would take off in the direction I wanted. It was so annoying. What is a good guideline?
im scalp again..
i want to get back my loss
simple scalping
  • #6,769
  • Apr 18, 2008 2:31am Apr 18, 2008 2:31am
Ultraman,

Wish you luck.
Expected the unexpected
  • #6,770
  • Apr 18, 2008 2:32am Apr 18, 2008 2:32am
eurusd has almost no movements right now. What's it doing? Those who are very experienced in forex trading might know what it's up to, since I am almost one step behind.
Expected the unexpected
  • #6,771
  • Apr 18, 2008 2:33am Apr 18, 2008 2:33am
Quoting scyang
I never do that on purpose. It's usually by accident - I got in without setting a stop loss, and had to be away. When I came back, it's a huge hole. Thanks for the warning.

What is a good stop loss point. Some say 20 pips, some say 50 pips. I used ot set 20 pips, but I would get taken out and the pair would take off in the direction I wanted. It was so annoying. What is a good guideline?

I think a good stop loss point is up to the Time Frame you using,the shorter time frame ,the less stop loss point.Do you think so?
  • #6,772
  • Apr 18, 2008 2:38am Apr 18, 2008 2:38am
Quote
What is a good stop loss point. Some say 20 pips, some say 50 pips. I used ot set 20 pips, but I would get taken out and the pair would take off in the direction I wanted. It was so annoying. What is a good guideline?

That is totally dependent on your trading style, i dont believe there is a set SL. I usually never have a smaller SL than 50 pips and depending on my intuition can set it as high as 100 pips but i trade off the 1 hour and 4 hour charts.

Though this is totally personal and upto your risk capacity
  • #6,773
  • Apr 18, 2008 2:40am Apr 18, 2008 2:40am
Quoting Ultraman
TF5M = Time Frame 5 minutes
Got it.thank you very much!
  • #6,774
  • Apr 18, 2008 2:41am Apr 18, 2008 2:41am
Quoting scyang
eurusd has almost no movements right now. What's it doing? Those who are very experienced in forex trading might know what it's up to, since I am almost one step behind.
now i got USD100,
so looking good entry, i need to cover my loss today...
scalp n scalp only...
EU movements to slow

EDIT : only to get USD380 then im out for today
  • #6,775
  • Apr 18, 2008 2:41am Apr 18, 2008 2:41am
Great Wall -

Fortunately, you have landed at a great resource for learning Forex and many different techniques and styles of trading. Look around and you will find plenty of resources on how to scalp (if that is your preferred style of trading). You will find answers to many of your questions, experienced traders willing to share their ideas and methods with you. Good luck on your journey.

SeerEye
Pip what you see; See what you pip!
  • #6,776
  • Apr 18, 2008 2:44am Apr 18, 2008 2:44am
Quoting scyang
.
scyang,are you from Asia?Can you talk in Chinese?中文
  • #6,777
  • Apr 18, 2008 2:47am Apr 18, 2008 2:47am
Quoting Ultraman
now i got USD100,
so looking good entry, i need to cover my loss today...
scalp n scalp only...
EU movements to slow

EDIT : only to get USD380 then im out for today
hehe
  • #6,778
  • Apr 18, 2008 2:51am Apr 18, 2008 2:51am
Quoting Ultraman
now i got USD100,
so looking good entry, i need to cover my loss today...
scalp n scalp only...
EU movements to slow

EDIT : only to get USD380 then im out for today
yahoo...another USD250..come on...
i need to get out,
keeping monitor at the chart Tf5M
  • #6,779
  • Apr 18, 2008 3:08am Apr 18, 2008 3:08am
Quoting Ultraman
yahoo...another USD250..come on...
i need to get out,
keeping monitor at the chart Tf5M
Congratulations!
  • #6,780
  • Apr 18, 2008 3:12am Apr 18, 2008 3:12am
Quoting Ultraman
yahoo...another USD250..come on...
i need to get out,
keeping monitor at the chart Tf5M
Ultraman, what method do you use to scalp?
thanks!
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