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  • #70,661
  • Mar 3, 2009 1:58pm Mar 3, 2009 1:58pm
i think i might scalp long in the next 30m candle, anyone with me?
  • #70,662
  • Mar 3, 2009 2:10pm Mar 3, 2009 2:10pm
hi plz tell me what u use as indicator for scalp plz
does anyone tell me what the indicator volume can help in trading and what is the time frame for use indicator volume plz
  • #70,663
  • Mar 3, 2009 2:10pm Mar 3, 2009 2:10pm
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #70,664
  • Mar 3, 2009 2:24pm Mar 3, 2009 2:24pm
Quoting Elghoz
hi plz tell me what u use as indicator for scalp plz
does anyone tell me what the indicator volume can help in trading and what is the time frame for use indicator volume plz
don't try to scalp until you are doing well for 2 years in non scalping systems...

volume indicator is not accurate in forex.. it is only the volume of your broker.
  • #70,665
  • Mar 3, 2009 2:25pm Mar 3, 2009 2:25pm
This is a naked chart without any Fibs, emas or other indicators other then some lines.

M30 Chart where we can see last up move and where a nice Triangle was formed.
Of course that the eyes that see this chart changes if you are a Bull or a Bear Trader.

Since Last Friday, what we can see there!

We see a break there of that triangle and then some retests marked with red Arrows, last one it was today 1.2676. This retest was not at the triangle itself but the line that holds it.

I have there a Symmetrical Channel, blue lines.
We can see that line was broken today and then tried to broke again at 1.2595, line is holding for now.

How to read all this:
Trend is be following!! This is VERY IMPORTANT.

And now, can we see a retesting of that upper Supported Triangle line?

Answer is : Not in coming Hours!! Possible is.

Another question: Can price cross that blue line and bottom supporting Triangle line? Yes it will, here is where the trend shows its strength, it must shows the drop angle and where will be supportive.

I show here that it is possible to trade only with lines.
I use then Gann Lines and Ichimoku to help me what % I have that the lines will hold or not!!

All my set up it is to only short, I already said that a lot of times, but we can see some up moves before some breaks, that's where my MM enters and why I open and closed some trades to do not break my MM.

Other thing is about Symmetric channels, many may ask, why he draw the channel like that. I can't explain, because we have several tops and bottoms to hold the lines, here is where my personal touch enters.

Bye People and I hope you have enjoyed this explanation.
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  • #70,666
  • Mar 3, 2009 2:38pm Mar 3, 2009 2:38pm
Quoting emda
don't try to scalp until you are doing well for 2 years in non scalping systems...

volume indicator is not accurate in forex.. it is only the volume of your broker.
Well, on demo, you can try with the thv 3 , M5 rules met, M1 rules also meets...

I like thv3, Not for scalping only...

but you definitivly have to practise on demo during quite a time, otherwise we will see you again here requesting for desesperate information that you wish to ear, like where is it going, north, south, and so...
  • #70,667
  • Mar 3, 2009 2:44pm Mar 3, 2009 2:44pm
call me crazy just entered another long at 2540 tp 2580 i love being against the trend
  • #70,668
  • Mar 3, 2009 2:45pm Mar 3, 2009 2:45pm
To Scalp or not to Scalp depends entirely on the market conditions, I had a cracking scalping day once first time I tried it, @40trades, @35 small wins doubled my account.

Next time I tried, due to no follow through, jumping on every up blip, just reversed and HUGE Losses.

Jumping on Intraday Micro trends think 40+ points, where 20-30pips is required to confirmation, is the smart game.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,669
  • Mar 3, 2009 2:47pm Mar 3, 2009 2:47pm
Quoting Pipin8easy
call me crazy just entered another long at 2540 tp 2580 i love being against the trend
....the worst moment to do that!!

GL
  • #70,670
  • Mar 3, 2009 2:50pm Mar 3, 2009 2:50pm
Quoting BoredToLoose
....the worst moment to do that!!

GL
this has been the bottom for 30days why so crazy
  • #70,671
  • Mar 3, 2009 2:51pm Mar 3, 2009 2:51pm
Quoting Pipin8easy
this has been the bottom for 30days why so crazy
But GL!!

Just MHO!!
  • #70,672
  • Mar 3, 2009 2:52pm Mar 3, 2009 2:52pm
Quoting Pipin8easy
this has been the bottom for 30days why so crazy
It depends on time frame if it was good or bad idea. After all time will tell, so just wait and relax. I`m expecting to see today 2530 again and this is all I`m counting on rigth now. Tomorrow we should get lower. I`m out in few minutes so good luck guys and watch those pips
  • #70,673
  • Mar 3, 2009 2:55pm Mar 3, 2009 2:55pm
Quoting BoredToLoose
But GL!!

Just MHO!!
oh well if it doesn't work have a 40 pip stop loss its only money lol
  • #70,674
  • Mar 3, 2009 3:16pm Mar 3, 2009 3:16pm
Took another TP and i`m off to bed green pips to you all
  • #70,675
  • Mar 3, 2009 3:17pm Mar 3, 2009 3:17pm
I'm in for my standard late night, range trade plan expect LOWER
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,676
  • Mar 3, 2009 3:21pm Mar 3, 2009 3:21pm
Just closed half of my 1.2575 short. Going to leave the other half as I see possible breakthrough of the long time support then could be very big drop
  • #70,677
  • Mar 3, 2009 4:04pm Mar 3, 2009 4:04pm
Intersting video ... copied the link from the cable thread....


http://www.cnbc.com/id/15840232?video=1050797339&play=1


It goes along my fundamentals Ideas....


happy pipping all
  • #70,678
  • Mar 3, 2009 4:28pm Mar 3, 2009 4:28pm
Quoting jackdan
Intersting video ... copied the link from the cable thread....


http://www.cnbc.com/id/15840232?video=1050797339&play=1


It goes along my fundamentals Ideas....


happy pipping all
Sorry that guy should be out of a job.

He doesn't understand why the dollar is strengthening?

Why not, but more importantly is that he should be advising clients at this point to go with the trend regardless of what the fundamentals say 'should' happen. It ain't. Get over it.

On the other hand we need more to go long to help keep the downtrend going strong. Buy buy buy.

The USA is not stengthening but the dollar is because our government is actually doing something as opposed to the EU. The EU is resembling the Japanese a decade or more ago. Can't decide on anything plus more importantly they can't come to some consensus.
  • #70,679
  • Mar 3, 2009 4:34pm Mar 3, 2009 4:34pm
Quoting SunTrader
Sorry that guy should be out of a job.

He doesn't understand why the dollar is strengthening?

Why not, but more importantly is that he should be advising clients at this point to go with the trend regardless of what the fundamentals say 'should' happen. It ain't. Get over it.

On the other hand we need more to go long to help keep the downtrend going strong. Buy buy buy.

The USA is not stengthening but the dollar is because our government is actually doing something as opposed to the EU. The EU is resembling the Japanese a decade or more...
Yeah, some of that, and also that the Euro is under serious stress due to European banking being on the verge of a meltdown that makes our banks look good, well, sort of. Also, the dollar is a safety blanket, at least it has been, so a lot of traders who remember the good old days will go back to the dollar. Just my thoughts.
  • #70,680
  • Mar 3, 2009 4:37pm Mar 3, 2009 4:37pm
Quoting SunTrader
Sorry that guy should be out of a job.

He doesn't understand why the dollar is strengthening?

Why not, but more importantly is that he should be advising clients at this point to go with the trend regardless of what the fundamentals say 'should' happen. It ain't. Get over it.

On the other hand we need more to go long to help keep the downtrend going strong. Buy buy buy.

The USA is not stengthening but the dollar is because our government is actually doing something as opposed to the EU. The EU is resembling the Japanese a decade or more...

http://www.investorsinsight.com/media/p/2962.aspx
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