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  • #42,461
  • Oct 29, 2008 2:35pm Oct 29, 2008 2:35pm
Quoting Turhovach
Tradewell - Thanks, and yes, I've got Pivot Points on there. Have a great day!
I noticed you trade what looks like a 1 min chart. Is that all you trade or is that only for entry decisions? Thanks anyway if you choose not to elaborate.
  • #42,462
  • Oct 29, 2008 2:35pm Oct 29, 2008 2:35pm
Looking to buy at 55, target 00.
  • #42,463
  • Oct 29, 2008 2:37pm Oct 29, 2008 2:37pm
Quoting TradeWell
I noticed you trade what looks like a 1 min chart. Is that all you trade or is that only for entry decisions? Thanks anyway if you choose not to elaborate.

Its actually a 25 tick chart, and yes, that is all I trade...
  • #42,464
  • Oct 29, 2008 2:38pm Oct 29, 2008 2:38pm
Quoting Seven9ine
Looking to buy at 55, target 00.
62 is a pivot point so be careful...and I would target a little short 00 myself...but I have been wrong before.
  • #42,465
  • Oct 29, 2008 2:39pm Oct 29, 2008 2:39pm
look at this puppy go!...crossed the midwall again...we make a new high too...that 1.3173 is a high possibility


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Different opinions highly valued, ignorant to slander.
  • #42,466
  • Oct 29, 2008 2:40pm Oct 29, 2008 2:40pm
Quoting TradeWell
62 is a pivot point so be careful...and I would target a little short 00 myself...but I have been wrong before.

Agreed.

Would like to re-enter a long at 3007.
  • #42,467
  • Oct 29, 2008 2:48pm Oct 29, 2008 2:48pm
frankly AUDUSD is looking much more compelling these days.

ECB rate cut next week, keeps me away from longs here, while trough makes shorts unpredictable. range bond likely going forward...which can be okay.

technically, I woul have to wait for a retrace to 1.26-1.27 area to feel comfortable with longs or shorts.
  • #42,468
  • Oct 29, 2008 2:48pm Oct 29, 2008 2:48pm
Quoting TradeWell
I got in and out on the rise for 27 pips. Otherwise too scary to stay in!
well...i better wait for a larger scavenger to eat first.. and then follow otherwise they will eat me whole if try'em again
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,469
  • Oct 29, 2008 2:50pm Oct 29, 2008 2:50pm
Tradewell - Someone quoted one of my posts that subsequently disappeared that explained what it is I'm doing. So at the risk of redundancy, hopefully this answers your question a litlle better --


Originally Posted by Turhovach http://www.forexfactory.com/images/buttons/viewpost.gif
Arvin –

My job as a scalper is NOT to forecast the future, but to utilize every tool at my disposal to MINIMIZE risk, and identify the best possible scenario for a successful trade. If one accepts the premise that price moves in waves, then the key is identifying the next wave and entering a trade at the best possible point at the inception of that wave. It is extremely important for a trader to know in which part of the wave the current market is in. The later the entry in a new wave, the greater the probability the trade will be unsuccessful. This all sounds very complicated, but believe me, with lots of screen time, it’s actually quite simple. Just use common sense and LOOK at your chart. It will tell, you everything you need to know.

As an aside, I’m not an Elliott Waver and I’m not talking about counting waves or forecasting the next potential move. I have no interest in that, and it is entirely irrelevant to me as a scalper. The three things I AM interested in are 1., Identifying the direction of the wave, 2., Timing my entry as close as possible to the inception of that wave, and 3., Staying with the momentum of that wave until it is no longer in force.

The few “indicators” on my chart are simply tools, visual aids, that help me in identifying those three factors.

That’s basically it…
  • #42,470
  • Oct 29, 2008 2:53pm Oct 29, 2008 2:53pm
Quoting Seven9ine
Agreed.

Would like to re-enter a long at 3007.

Not yet! we are going down again first . target : 2864
I have not failed. I've just found 10,000 ways that won't work -
  • #42,471
  • Oct 29, 2008 2:56pm Oct 29, 2008 2:56pm
Quoting Turhovach
Tradewell - Someone quoted one of my posts that subsequently disappeared that explained what it is I'm doing. So at the risk of redundancy, hopefully this answers your question a litlle better --
Yes, I did see that before, but thank you for your consideration.
  • #42,472
  • Oct 29, 2008 2:57pm Oct 29, 2008 2:57pm
Quoting PrisonPlanet
Not yet! we are going down again first . target : 2864
why is that?
  • #42,473
  • Oct 29, 2008 3:00pm Oct 29, 2008 3:00pm
Quoting megaqujik
why is that?

Ask the chart ;those bears and bulls! in a 5-15M charts even 30M, you hardly rely on fundmentals.

Pros! Correct me if am a wrong
I have not failed. I've just found 10,000 ways that won't work -
  • #42,474
  • Oct 29, 2008 3:06pm Oct 29, 2008 3:06pm
Asking a chart i think it's possible to go down at 4h
http://lh4.ggpht.com/michal.kroliczek/SQjBvFZLiNI/AAAAAAAAACY/LPXxir6uIT0/s912/wykres1.jpg

How to make this jpg visible here?
  • #42,475
  • Oct 29, 2008 3:07pm Oct 29, 2008 3:07pm
Quoting Turhovach
Its actually a 25 tick chart, and yes, that is all I trade...
Interesting, what is the platform you work with and if it is MT4 how you get the tick data?
Thanks
  • #42,476
  • Oct 29, 2008 3:09pm Oct 29, 2008 3:09pm
Quoting megaqujik
Asking a chart i think it's possible to go down at 4h
http://lh4.ggpht.com/michal.kroliczek/SQjBvFZLiNI/AAAAAAAAACY/LPXxir6uIT0/s912/wykres1.jpg

How to make this jpg visible here?

There is an option for uploading the pic
I have not failed. I've just found 10,000 ways that won't work -
  • #42,477
  • Oct 29, 2008 4:09pm Oct 29, 2008 4:09pm
Go ahead asia ..break it up ...we wait it too much

i am buying at 2980 ....
  • #42,478
  • Oct 29, 2008 4:18pm Oct 29, 2008 4:18pm

Hello Guys,
I was a few days on holiday ..
Returning to the theme market, I believe that exceeded the maximum of today, i will try to go long imagining as the first target 3080, then we will see.

Apart from this, I think this week is important to close above 2725 in order to start accumulating long positions

The best thing that can happen to you is to find out where you're wrong.
  • #42,479
  • Oct 29, 2008 4:24pm Oct 29, 2008 4:24pm

EUR USD broke 1,2850 resistance.
EUR USD broke the downtrend to begin a bullish movement.

The volatility rises.
Bollinger bands are deviated indicate a bullish pressure on EUR USD.
The price should find a resistance below 1,3000 (45 pips).
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  • #42,480
  • Oct 29, 2008 4:32pm Oct 29, 2008 4:32pm
Quoting athahira
Go ahead asia ..break it up ...we wait it too much

i am buying at 2980 ....
Don`t think so ...
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