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Simplicity is the Key

  • #121
  • Feb 7, 2007 1:39pm Feb 7, 2007 1:39pm
if u are doing this scalping you must watch both charts the CHF and the GBP they are more like a mirror image of the other. Of course u have to use ur method, my method is crude and is not proven, and i am not a scalper im more of a trend trader. My scalping technique sucks.
  • #122
  • Feb 7, 2007 1:50pm Feb 7, 2007 1:50pm
Quoting ikimashu
Good one~

I long @1.2408 then saw this thread of yours~
but i exit @1.2420

Great call!

I'm more than happy to make 10 pips in just a matter of minutes
I happy too, iki. I wish u could stay a little while but its ur call
Regards
  • #123
  • Feb 7, 2007 1:55pm Feb 7, 2007 1:55pm
Quoting trader101
I happy too, iki. I wish u could stay a little while but its ur call
Regards
I actually exit it already~

I now short USD/JPY @ 120.75
Target approx. 120.50

hope i'll right this time again
"Quality means doing it right when no one is looking"
  • #124
  • Feb 7, 2007 2:00pm Feb 7, 2007 2:00pm
Quoting ikimashu
I actually exit it already~

I now short USD/JPY @ 120.75
Target approx. 120.50

hope i'll right this time again
Signal if short is good for scalping. Make it a quick turnaround and exit
  • #125
  • Feb 7, 2007 2:03pm Feb 7, 2007 2:03pm
For Information:
I am using Accucharts(because its free) 15-minutes time frame. If anybody knows how to configure the E-mail, Pls help me.
  • #126
  • Feb 7, 2007 2:07pm Feb 7, 2007 2:07pm
Quoting trader101
Signal if short is good for scalping. Make it a quick turnaround and exit
I would say shall UJ fail to break 60 in the next 30 min.
this will turn out unpredictable

current quote 65-66

or perhaps exiting now ~
"Quality means doing it right when no one is looking"
  • #127
  • Feb 7, 2007 2:09pm Feb 7, 2007 2:09pm
Quoting ikimashu
I would say shall UJ fail to break 60 in the next 30 min.
I will be forced to stay till asia open~

current quote 65-66
I would say maybe, iki, no worry no asian economic report coming out.
  • #128
  • Feb 7, 2007 2:12pm Feb 7, 2007 2:12pm
what do u see during the coming asia market?
before london opens ?

mainly on UJ

I worked on my 4hr chart and it's giving me a bullish sign on RSI and the EMA's
"Quality means doing it right when no one is looking"
  • #129
  • Feb 7, 2007 2:13pm Feb 7, 2007 2:13pm
Get ready 2 majors might start trending soon:
Sell for GBP/USD
Buy for USD/CHF
These are big no less than 50each, but again i could be wrong.
  • #130
  • Feb 7, 2007 2:15pm Feb 7, 2007 2:15pm
Quoting ikimashu
what do u see during the coming asia market?
before london opens ?

mainly on UJ

I worked on my 4hr chart and it's giving me a bullish sign on RSI and the EMA's
Its giving me a SELL signal and im waiting for it to trend. Both the UJ and EJ
  • #131
  • Feb 7, 2007 2:18pm Feb 7, 2007 2:18pm
Quoting trader101
Get ready 2 majors might start tending soon:
Sell for GBP/USD
Buy for USD/CHF
These are big no less than 50each, but again i could be wrong.
I have these two watched closely since your post is up
I'm in short position on GBP/USD @1.9690

btw, what is the time frame your using on this scalping thing?
"Quality means doing it right when no one is looking"
  • #132
  • Feb 7, 2007 2:20pm Feb 7, 2007 2:20pm
Quoting trader101
Its giving me a SELL signal and im waiting for it to trend. Both the UJ and EJ

In case you missed it

" Nikkei newswire is reporting that the BOJ will postpone any rate hike until April-June--this has been out for about an hour "
"Quality means doing it right when no one is looking"
  • #133
  • Feb 7, 2007 2:21pm Feb 7, 2007 2:21pm
If ur not a news trader avoid NZD, our technical analysis will not work. It will taken over by the fundamentals (at 4:45EST) for about an hour before and 30 min after.
  • #134
  • Feb 7, 2007 2:25pm Feb 7, 2007 2:25pm
Quoting ikimashu
In case you missed it

" Nikkei newswire is reporting that the BOJ will postpone any rate hike until April-June--this has been out for about an hour "
If i am a strategy trader i would look for yen because i will hit a jackpot comes April-June. Translated UJ -- sell, EJ -- sell . Maybe im wrong.
  • #135
  • Feb 7, 2007 2:26pm Feb 7, 2007 2:26pm
Quoting trader101
If i am a strategy trader i would look for yen because i will hit a jackpot comes April-June. Translated UJ -- sell, EJ -- sell . Maybe im wrong.
Hi i just come across your thread. What does UJ & EJ stand for?

Thanks
  • #136
  • Feb 7, 2007 2:29pm Feb 7, 2007 2:29pm
Quoting Drummon
Hi i just come across your thread. What does UJ & EJ stand for?

Thanks
OPPs sorry..
UJ - USD/JPY
Ej - EUR/JPY
  • #137
  • Feb 7, 2007 2:31pm Feb 7, 2007 2:31pm
well~ jackpots~ that's too far from where i can reach~
pip by pip has always been my concept of trading!

30 min from NY closing~ and 2 hr from AU open

about time to take a nap ~ LOL

btw, exit UJ @ breakeven

GU breaking below .9685 would confirm your signal
otherwise it would turn back to the 97's

my opinion~
"Quality means doing it right when no one is looking"
  • #138
  • Feb 7, 2007 2:32pm Feb 7, 2007 2:32pm
Quoting Drummon
Hi i just come across your thread. What does UJ & EJ stand for?

Thanks

usd/jpy, eur/jpy
Is your SL my TP?
  • #139
  • Feb 7, 2007 2:36pm Feb 7, 2007 2:36pm
OK Folks,
I have to eat my late lunch right now.
But here are the strategy:
1. If GBP hit 1.9690 --Sell it
2. If CHF hit 1.2427 --Buy it.
Again, I maybe wrong but if i am right 50 pips each can be easy.
Make sure SL set at 25+ spread.
See u
  • #140
  • Feb 7, 2007 2:39pm Feb 7, 2007 2:39pm
Correction---


But here are the strategy:
1. If GBP hit 1.9695 --Sell it
2. If CHF hit 1.2431 --Buy it.
Again, I maybe wrong but if i am right 50 pips each can be easy.
Make sure SL set at 25+ spread.
See u
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