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Eur/Usd scalping inspired by Shakesfx

  • #401
  • Feb 17, 2009 9:40am Feb 17, 2009 9:40am
pete? Could you please indicate an estimation of total trade expenses?
I mean, how many pips on average do we need to scale (spread/slippage/commissions) in order to see the net profit?
  • #402
  • Feb 17, 2009 9:52am Feb 17, 2009 9:52am
Pete,
Another question for when you've got afew minutes.
I've been following yours and Shakes threads and watching PA, probly like a lot of ppl.
But when I look at price, it doesn't tell me much ATM - LOL.

What is it you see that tells you to go short/long
  • #403
  • Edited Feb 18, 2009 8:31am Feb 17, 2009 10:06am | Edited Feb 18, 2009 8:31am
Marzullo. Trade expenses are shown. I have no commission costs, and the spread is shown on the trades as +2, hence the sell price with buy price in brackets. Figures on front page and in every post are pure profit
  • #404
  • Feb 17, 2009 10:08am Feb 17, 2009 10:08am
stewrigh. When I see price stalling at certain points, thats when I decide to short/long. If there is a large rise, then a short drop with not muc actin I decide to go short as I did at 1.2634.

Now after a large fall, I see price stalling everytime there is a mini rise, so I expect further falls
  • #405
  • Feb 17, 2009 10:11am Feb 17, 2009 10:11am
move S/L on 2nd lot to +40 i.e sell price 1.2592 (buy back price 1.2594)
  • #406
  • Feb 17, 2009 10:23am Feb 17, 2009 10:23am
Nice short.

Great battle. Bears fought hard to take down the bulls to the 60's. Bulls looking to gain some ground against the determined bears as they allow the 80's to approach again. Are the bulls strong enough to get to 00?

Next chapter.
  • #407
  • Feb 17, 2009 10:24am Feb 17, 2009 10:24am
Quoting petelearning
stewrigh. When I see price stalling at certain points, thats when I decide to short/long. If there is a large rise, then a short drop with not muc actin I decide to go short as I did at 1.2634.

Now after a large fall, I see price stalling everytime there is a mini rise, so I expect further falls
Thanks Pete
  • #408
  • Feb 17, 2009 10:31am Feb 17, 2009 10:31am
definite coil happening here, something will give soon, still holding 2nd lot short, with S/L at +40 i.e 1.2592 (buy back 1.2594 with spread of 2)

Expecting (and hoping!) for a further move south
  • #409
  • Feb 17, 2009 10:34am Feb 17, 2009 10:34am
come on we nearly had it!
  • #410
  • Feb 17, 2009 10:41am Feb 17, 2009 10:41am
might rise back to 1.2580 area then have another attempt south.

To ease the boredom I might open another sell position if we reach this area.

Still holding 2nd lot sell from 1.2634, S/L at 1.2592 (buy back 1.2594 so minimum profit +40)
  • #411
  • Feb 17, 2009 10:44am Feb 17, 2009 10:44am
this coil is surely going to spring far, range of 10-15 pips in the last 45minutes
  • #412
  • Feb 17, 2009 10:53am Feb 17, 2009 10:53am
Quoting petelearning
stewrigh. When I see price stalling at certain points, thats when I decide to short/long. If there is a large rise, then a short drop with not muc actin I decide to go short as I did at 1.2634.

Now after a large fall, I see price stalling everytime there is a mini rise, so I expect further falls
Thanks pete; that was really helpful! The "short drop"...is that something that is visible on the tick chart or is it so small that it can only be seen in the real-time fluctuations?
  • #413
  • Feb 17, 2009 10:57am Feb 17, 2009 10:57am
Quoting petelearning
this coil is surely going to spring far, range of 10-15 pips in the last 45minutes
Pete,

How will u know if its going south or north??
  • #414
  • Feb 17, 2009 10:59am Feb 17, 2009 10:59am
Mind you as you are already short with profit locked in - I don't suppose you mind much - LOL.

But if you were flat how would you decide??
  • #415
  • Feb 17, 2009 11:05am Feb 17, 2009 11:05am
I can gradually see price range moving further south if you look at the 1 minute charts, with increased pressure on 1.2570 area , and the falls are sharper than the rises, so would sell if flat.
  • #416
  • Feb 17, 2009 11:06am Feb 17, 2009 11:06am
this is now the 3rd/4th time we are trying to sustain movement below 1.2570, and we have been above 1.2780 sell price (1.2782 buy price) since 16.30pm GMT, half an hour ago
  • #417
  • Feb 17, 2009 11:06am Feb 17, 2009 11:06am
Market is being controlled by the bears for now. 2nd leg looking good. I like how you stay in the trade until proven different.
  • #418
  • Feb 17, 2009 11:10am Feb 17, 2009 11:10am
Think its moving!!
  • #419
  • Feb 17, 2009 11:13am Feb 17, 2009 11:13am
we are getting closer, lower highs and lower lows...
  • #420
  • Feb 17, 2009 11:28am Feb 17, 2009 11:28am
Somebody once said trading was boring - I believe them now!!
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