I see another short set up approaching on the gann QQE in this tightening range. What stop loss figure do you use/recommend in these scalps?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #120,662
- Oct 9, 2008 8:00am Oct 9, 2008 8:00am
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Discipline + Patience - Fear - Greed = Success
- #120,664
- Oct 9, 2008 8:05am Oct 9, 2008 8:05am
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- #120,665
- Oct 9, 2008 8:07am Oct 9, 2008 8:07am
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Hey karmo how u doing dude ?I hear you joined the scalpers society ...
Scalping is good as I was one before ... as I saw this thread has turned into a scalping thread recently so I decided to join you today ... I was entirely with AU today and made +580 pips trading 5M chart and using just Gann 10 and nothing else (of course beside PAwhich is not counted as an indicator because you don't see it on the chart ... it is in your brain).
I think we don't need that QQE for scalping... coz it lags on lower TF's. I think RSI 30 and 70 breakouts (and using Gann as a confirmation) are much quicker to enter and exit trades.
So I have the feelings of old days now when I used to trade this 5M chart and making +1000 pips some days but this is so stressful and I prefer H1+ TF's.
I think tomorrow is the day for scalpers as it is Friday! In my experience Fridays are nice days for scalpers; take 20, 40, 50 ... and run.
Edit : as for longer TF's (GJ) I think it is still early for the price to break out of this falling wedge. It needs one wave more to the down and then up again for this wedge to become tight enough to break.
I wish you guys all good luck and green pips, specially for scalpers today
I'm good thank you, how about yourself?
scalping has been fun so far, QQE and the Gann are working fine for me till now
Good luck buddy & good to see you
Trade what you see, not what you think.
- #120,666
- Oct 9, 2008 8:10am Oct 9, 2008 8:10am
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Ok the fights still on. Bulls are testing bears defense, lets see if it holds or breaks
- #120,667
- Oct 9, 2008 8:12am Oct 9, 2008 8:12am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Hey arezab,
I'm good thank you, how about yourself?
scalping has been fun so far, QQE and the Gann are working fine for me till now
Good luck buddy & good to see you
be careful, usually in normal days, qqe doesn't work good enough on m5 charts. i tried it several times before.
- #120,668
- Oct 9, 2008 8:15am Oct 9, 2008 8:15am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Ok the fights still on. Bulls are testing bears defense, lets see if it holds or breaks
- #120,669
- Oct 9, 2008 8:18am Oct 9, 2008 8:18am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
It looks like a bull trap ..
- #120,670
- Oct 9, 2008 8:22am Oct 9, 2008 8:22am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Simple chart for yall. The green tl is the monthly one and its in confluece with the maroon one of the possible ascending channel we are trading in right now. Might be a good place to sell indeed
- #120,672
- Oct 9, 2008 8:24am Oct 9, 2008 8:24am
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sell limit at 176.30
- #120,673
- Oct 9, 2008 8:25am Oct 9, 2008 8:25am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #120,674
- Oct 9, 2008 8:26am Oct 9, 2008 8:26am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Bearish div on 15 min chart ..
- #120,675
- Oct 9, 2008 8:29am Oct 9, 2008 8:29am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
sell limit at 176.30
- #120,676
- Oct 9, 2008 8:31am Oct 9, 2008 8:31am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Bullish confirmed MACD divergence on 1hr. Potential target @ 181.30
I think we might see today's low re-tested by the end of day .;
- #120,678
- Oct 9, 2008 8:31am Oct 9, 2008 8:31am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
