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  • #7,081
  • Jan 13, 2009 4:53am Jan 13, 2009 4:53am
Nice buying shot is in the making draw your plan and make the market do what you whant....if you use candles look for the price action around this area...

rember long are scalps shorts or holding postions....

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  • #7,082
  • Jan 13, 2009 5:07am Jan 13, 2009 5:07am
Thanks for that although a bit late :-(.

Target for the scalp would be around 1.6398 to 1.6402

Thomas


Quoting Shermenator
Nice buying shot is in the making draw your plan and make the market do what you whant....if you use candles look for the price action around this area...

rember long are scalps shorts or holding postions....

Attachment
  • #7,083
  • Jan 13, 2009 5:07am Jan 13, 2009 5:07am
Quoting Shermenator
Nice buying shot is in the making draw your plan and make the market do what you whant....if you use candles look for the price action around this area...

rember long are scalps shorts or holding postions....

Attachment
It's an 8 pip spread for me.
  • #7,084
  • Jan 13, 2009 5:20am Jan 13, 2009 5:20am
Quoting RedCabbage
It's an 8 pip spread for me.
Put less money in the trade
  • #7,085
  • Jan 13, 2009 5:21am Jan 13, 2009 5:21am
Quoting Shermenator
Put less money in the trade
the larger the stop loss the lighter you go in any trade
  • #7,086
  • Jan 13, 2009 5:23am Jan 13, 2009 5:23am
Quoting Shermenator
the larger the stop loss the lighter you go in any trade
Yes that's good money management but I am restricted by minimum lot size. So there are certain pairs I cannot trade until my account grows.
  • #7,087
  • Jan 13, 2009 5:24am Jan 13, 2009 5:24am
Quoting RedCabbage
Yes that's good money management but I am restricted by minimum lot size. So there are certain pairs I cannot trade until my account grows.

OK I see .....then its good that your not getting in...smart choice
  • #7,088
  • Jan 13, 2009 5:32am Jan 13, 2009 5:32am
Crap no long for me yet ...I will have to wait for it to drop another couple of pips
  • #7,089
  • Jan 13, 2009 5:48am Jan 13, 2009 5:48am
when price goes up a bitt more its a great area to start looking for shorts...make a plan and once in that area if price fallows the plan make sure your plan includes what the rythem in the charts are and if its a holding postion or a scalping trade...and time of the day

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  • #7,090
  • Jan 13, 2009 5:57am Jan 13, 2009 5:57am
Hi Shermenator,

I have a range from the 1h chart - 0.9163-0.9177. What do you think? Scale in?

Regards

Thomas

Quoting Shermenator
when price goes up a bitt more its a great area to start looking for shorts...make a plan and once in that area if price fallows the plan make sure your plan includes what the rythem in the charts are and if its a holding postion or a scalping trade...and time of the day

Attachment
  • #7,091
  • Jan 13, 2009 6:01am Jan 13, 2009 6:01am
Quoting Shermenator
Nice buying shot is in the making draw your plan and make the market do what you whant....if you use candles look for the price action around this area...

rember long are scalps shorts or holding postions....

Attachment
Shermentor,
Why are you even thinking about longs.
There is only one way this is going and thats south - Just go short and keep adding to any pullback.
Only my opinion and I'm probly wrong tho.
  • #7,092
  • Jan 13, 2009 6:03am Jan 13, 2009 6:03am
Quoting stewrigh
Shermentor,
Why are you even thinking about longs.
There is only one way this is going and thats south - Just go short and keep adding to any pullback.
Only my opinion and I'm probly wrong tho.
I always do the apposite of what price is doing....when the market gives me a trend trade Ill shoot it on here ...I only get 2-3 trend trades a week but they are great I have put like a million alarms in order to wake up haha
  • #7,093
  • Jan 13, 2009 6:09am Jan 13, 2009 6:09am
Quoting Shermenator
I always do the apposite of what price is doing....when the market gives me a trend trade Ill shoot it on here ...I only get 2-3 trend trades a week but they are great I have put like a million alarms in order to wake up haha
Seems you got addicted to the market...
  • #7,094
  • Jan 13, 2009 6:10am Jan 13, 2009 6:10am
This one is still running now at 62 - lol.

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  • #7,095
  • Jan 13, 2009 6:10am Jan 13, 2009 6:10am
Quoting Yohay
Seems you got addicted to the market...

I am an 18 year old guy so I have nothing much besides trading lol I live of trading so its a must do haha
  • #7,096
  • Jan 13, 2009 6:12am Jan 13, 2009 6:12am
Quoting Shermenator
I always do the apposite of what price is doing....when the market gives me a trend trade Ill shoot it on here ...I only get 2-3 trend trades a week but they are great I have put like a million alarms in order to wake up haha
IMHO thats a recipe for disaster and a blown account.
  • #7,097
  • Jan 13, 2009 6:15am Jan 13, 2009 6:15am
Quoting stewrigh
IMHO thats a recipe for disaster and a blown account.
I simply do the oppositte of what 95 percent of the people that trade do lol
  • #7,098
  • Jan 13, 2009 6:17am Jan 13, 2009 6:17am
Quoting Shermenator
I am an 18 year old guy so I have nothing much besides trading lol I live of trading so its a must do haha
Have you never heard the old adage the trend is your friend.

Yes, I agree you can make money fading the trend but the big money is with the trend
  • #7,099
  • Jan 13, 2009 6:18am Jan 13, 2009 6:18am
Quoting stewrigh
Have you never heard the old adage the trend is your friend.

Yes, I agree you can make money fading the trend but the big money is with the trend
As long as I win week in and week out I am happy lol my account grow and thats all that matters....
  • #7,100
  • Jan 13, 2009 6:22am Jan 13, 2009 6:22am
Quoting Shermenator
As long as I win week in and week out I am happy lol my account grow and thats all that matters....
A good example is the chart I posted on Sunday of the NZDCHF.
It was then at about 6550 - its now 62.
Thats 350 pips in 2 days.
And you could have added another 100 by adding to the pb's.
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