Malcolmb what are your comments on EU/US?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #138,962
- Nov 19, 2008 1:49pm Nov 19, 2008 1:49pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #138,964
- Nov 19, 2008 1:53pm Nov 19, 2008 1:53pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
I'm already short 146.5 TP 143.90.
apparently got in before a full confirmation but thats ok. its only a small position. What I don't trust however is that PA spiked up so rapidly even though its in overbought territories. Add that to the fact that we've had a bad Asian session and the US opened slightly lower as well as the bad US numbers coming out 2 hrs ago.
Not to worry 225 pips in the bag while sleeping
- #138,965
- Nov 19, 2008 1:53pm Nov 19, 2008 1:53pm
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #138,967
- Nov 19, 2008 1:55pm Nov 19, 2008 1:55pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #138,970
- Nov 19, 2008 1:56pm Nov 19, 2008 1:56pm
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #138,971
- Nov 19, 2008 1:56pm Nov 19, 2008 1:56pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Hello, just woke up and within 2 mins (still bleary eyed) closed that trade manually at 144.20. I really hate it when the median price has crossed your TP level but just misses the TP because of spread. Missed my TP by 1.4 pips
Not to worry 225 pips in the bag while sleeping
lol poor you .... 225 pips and not 226.4 ....
Blogging daily now at www.volume.zone
- #138,972
- Nov 19, 2008 1:57pm Nov 19, 2008 1:57pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
I'm small long too (exactly as your entry) 50 pips target.
Malcolmb scalping is very good and you can make more money than swing or position trading but provided that one has fast executing broker.
I'd love to scalp and I'm good at it but pity my broker is slow. I was a scalper till 6-7 months ago but I put it aside until I find a faster broker. The best pair to scalp is EJ I believe provided that it's spread is 3. My broker offers it with 8 pipsif they offered it with 3 I would never trade GJ anymore.
BTW my 50 pips target hit meanwhile...
- #138,974
- Nov 19, 2008 2:01pm Nov 19, 2008 2:01pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
lol poor you .... 225 pips and not 226.4 ....
- #138,975
- Nov 19, 2008 2:03pm Nov 19, 2008 2:03pm
- | Commercial User | Joined Dec 2007 | 1,089 Posts
BIG Thanks!!!
took my spread sheet righ away..did backtesting one indicator all day as well..
took my spread sheet righ away..did backtesting one indicator all day as well..
run a spread sheet ...
take 3% of account ... 50 pip stop = 1.5 % risk , make 30 pips a day , 5k to 365k 2 years , 32 months 5 k to 1.8 mil
so nothing shabby about only 30 pips on a trade per day
