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  • #28,461
  • Sep 9, 2008 8:15am Sep 9, 2008 8:15am
Quoting psiholog
lol donno how i did that....sooo tired...just waiting to see impact of home sales data and going to sleep....6:12am here...havent slept since yesterday at 1pm
WOW.. y? trading..
  • #28,462
  • Sep 9, 2008 8:17am Sep 9, 2008 8:17am
Quoting sdapastor
where you putting in long? TP? SL?

M
if 4080 hold then now SL=short at 68
TP 4280
  • #28,463
  • Sep 9, 2008 8:18am Sep 9, 2008 8:18am
[quote=sdapastor;2208930]
Quoting psiholog
where you putting in long? TP? SL?

M
that was sarcasm....i am not in any trades right now...purely observational mode...although 100 oil is very likely today...maybe
Different opinions highly valued, ignorant to slander.
  • #28,464
  • Sep 9, 2008 8:19am Sep 9, 2008 8:19am
why eu sunddenly drop so fast~ lose alot = ="
  • #28,465
  • Sep 9, 2008 8:20am Sep 9, 2008 8:20am
Just a thought, does the 1hr chart looks like what might be an inverted H&S to anybody?
  • #28,466
  • Sep 9, 2008 8:24am Sep 9, 2008 8:24am
Quoting SunTrader
There is only the question of when. When you will blow up your account thinking that scalping is the solution because:

A) someone who truly scalps doesn't have the time to post messages.

and

B) more importantly in order to scalp "professionally", meaning long term profitable, they need an edge. No not some indicator, or price action. A big $ trading account or a very slim spread.

Here we go now, I can see the posts saying I get 20 pips every day for the last X nbr of weeks. LONG TERM PROFITABLE. Show us your mansion from scalping. It can be done for a while but the market chews up those who think they can do to build up their account.
So, show us yours (mansion).

To each it's own. I know you are longer in business then most of us here, but the fact is: If I win 70% of the trades, day by day, consistently, then I do have an edge. In order to go negative this ratio must shift dramatically over longer period of time. Possible? Yes. Likely? No

Last week I departed from scalping and hardcore rules and promptly got spanked HARD.

Scalping will not make one rich fast, it takes LONG time, iron discipline and termination to go anywhere, that's for sure. But as someone said here once (accumen I believe): Little gains over longer time = big account.
  • #28,467
  • Sep 9, 2008 8:39am Sep 9, 2008 8:39am
Quoting HarshFX
Just a thought, does the 1hr chart looks like what might be an inverted H&S to anybody?
Guessed not....
  • #28,468
  • Sep 9, 2008 8:53am Sep 9, 2008 8:53am
should be bottom but what do i know
  • #28,469
  • Sep 9, 2008 8:54am Sep 9, 2008 8:54am
oil down today. 104.30

Can it push this pair past support at 1.4056
  • #28,470
  • Sep 9, 2008 8:56am Sep 9, 2008 8:56am
Quoting akirax
oil down today. 104.30

Can it push this pair past support at 1.4056
days not over, hurricane coming, poor housing report, Bernanke speaking could go up, but I don't really know, just thoughts...
  • #28,471
  • Sep 9, 2008 9:03am Sep 9, 2008 9:03am
H&S in effect + negative news, etc. Should be heading back up now.
  • #28,472
  • Sep 9, 2008 9:03am Sep 9, 2008 9:03am
lol such bad news but the price never moved much cool
  • #28,473
  • Sep 9, 2008 9:03am Sep 9, 2008 9:03am
Bernanke already spoke. He had nothing to say. Here is the speech...
http://www.federalreserve.gov/newsev...e20080909a.htm
  • #28,474
  • Sep 9, 2008 9:03am Sep 9, 2008 9:03am
i still for SHORTs anyone with me hahahaahaha
  • #28,475
  • Sep 9, 2008 9:05am Sep 9, 2008 9:05am
Quoting trading801
lol such bad news but the price never moved much cool
That was pathetic.

If it does not go up substantially before NY close - it will go down below 1.4000 IMHO.
  • #28,476
  • Sep 9, 2008 9:05am Sep 9, 2008 9:05am
Quoting don.key
That was pathetic.

If it does not go up substantially before NY close - it will go down below 1.4000 IMHO.
hahaa you were hoping for a long shot up right u arrgghh
  • #28,477
  • Sep 9, 2008 9:07am Sep 9, 2008 9:07am
oh well for the longers.. at least for now .. e/u is slowly up
  • #28,478
  • Edited 9:15am Sep 9, 2008 9:10am | Edited 9:15am
Quoting eohater
Oh yeah! I'm looking to possible add more at 1.766x. I'm stacked like a mother right now beginning at 1.7945
Ummm... I think you meant to post in the GBP/USD thread.
-Edit- His post mysteriously disappeared. How strange.
  • #28,479
  • Sep 9, 2008 9:10am Sep 9, 2008 9:10am
[quote=SunTrader;2208886]
Quoting FXraider
The most important thing of all traders is "protect your capital". Secondly, "protect your profit". As long as you have a strategy that work for you, scalding against the trend, following along with the trend, stay with it. There is no right or wrong, only the question of "whether the method suit you". CHeers[/quote]

There is only the question of when. When you will blow up your account thinking that scalping is the solution because:

A) someone who truly scalps doesn't have the time to post messages.

and

B) more importantly in order to scalp "professionally", meaning long term profitable, they need an edge. No not some indicator, or price action. A big $ trading account or a very slim spread.

Here we go now, I can see the posts saying I get 20 pips every day for the last X nbr of weeks. LONG TERM PROFITABLE. Show us your mansion from scalping. It can be done for a while but the market chews up those who think they can do to build up their account.

You need to become an expert trader because that is who you are trading against. A market of experts. Only traders working for banks / trading firms seriously consider scalping.

Others trying it supply them some of their profits.
I guess scalping needs a definition first.

Your definition?

1-3 PIPS = Scalping
10-20 PIPS = Intra-day trading.

m
  • #28,480
  • Sep 9, 2008 9:12am Sep 9, 2008 9:12am
Quoting Russell
Ummm... I think you meant to post in the GBP/USD thread.
lol
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