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  • #81,621
  • Mar 31, 2009 9:09am Mar 31, 2009 9:09am
Quoting rainingpips
shhh! Your giving away how we scalp!
diversionary tactic ... lol
  • #81,622
  • Mar 31, 2009 9:09am Mar 31, 2009 9:09am
Quoting Tenshi28
Wouldn't that be 400 pips? I am confused...


It's Bemac.

By the the time Price reaches that 400 pips target, he will have gotten my pips, your pips, jay's pips, many other people's pips, and a few pips that haven't even been born yet, so yeah... 4000 pips. Give or take a few.

Still confused?
FUBAR...
  • #81,623
  • Mar 31, 2009 9:12am Mar 31, 2009 9:12am
1.3000! rate down 0.50! I´m short in € again at 1.3300.
My position trade is short I have revised that at 1.375/ 1.3000( just psicologic) and 1.2600( here I´m out of the market or long(depend)
  • #81,624
  • Mar 31, 2009 9:12am Mar 31, 2009 9:12am
Quoting F.x.
Long @ 3267
Thats what im talking about! Im contemplating adding more longs since its the 38.2% fibo, we have already bounced through it, seems to be acting as support. against the 1 hour 50EMA as support..

Long since 3150.
  • #81,625
  • Mar 31, 2009 9:27am Mar 31, 2009 9:27am
Quoting F.x.
Maybe I'm over-simplifying things (is that bad to do in forex?) but...
I dont know about simple you confused th hell out of me ??
  • #81,626
  • Mar 31, 2009 9:29am Mar 31, 2009 9:29am
Just a quick scalp around here to advice to be very careful until the end of the day.

This must go to at least 1.3208, then things will be pretty fast, careful.
If no reach in the next one to two hours there, so my view to see 1.3033 very soon is postponed if not abandoned.

We can get then a up move, to where ????? Must read my charts again!

Today I won a short 1.3303 TP 1.3269 not respecting my margin rules! lucky or maybe not, it was a 25% margin use.
I have added 8 short trades around 1.3327/34 area, all open.
  • #81,627
  • Mar 31, 2009 9:29am Mar 31, 2009 9:29am
ugh the market is sooo slow! It's like people are out eating lunch or something. Scalping long at 1.3260...looking ugly!
  • #81,628
  • Mar 31, 2009 9:30am Mar 31, 2009 9:30am
Quoting ak4x
...then the 2hr targets would be in the green zone there somewhere...
With that level reached, we've broken the lid (yellow circle) on the the top of the (white) Range area above the the (yellow) consolidation zone at the bottom of this turn, but still need to establish above the 3280/30oo level (Clear Air above the white box). Red ma is 50ema Resistance.

That should be the next order of business, and probably zigzaggy all the way... Verbalvention warning remains in effect TFN.

Failures to do that and we drop/remain in the Froth and Foam Zone. (FFZ)
Attached Image
FUBAR...
  • #81,629
  • Mar 31, 2009 9:35am Mar 31, 2009 9:35am
Quoting Tenshi28
Wouldn't that be 400 pips? I am confused...
Yep! My bad. $4,000.00 sorry & thank you for correcting my mistake.
  • #81,630
  • Mar 31, 2009 9:40am Mar 31, 2009 9:40am
Quoting rainingpips
I'm short from 1.3285, looking for daily pivot of 1.3193
Hi Rp,
Can you explain your rationale for going short there??
Thanks
  • #81,631
  • Mar 31, 2009 9:41am Mar 31, 2009 9:41am
Added a couple of longs, we're in a Pay to Play Zone (PPZ )
Traders are smartasses
  • #81,632
  • Mar 31, 2009 9:46am Mar 31, 2009 9:46am
we must go up...before we get down
  • #81,633
  • Mar 31, 2009 9:55am Mar 31, 2009 9:55am
More longs @ 3230
  • #81,634
  • Edited 10:25am Mar 31, 2009 9:55am | Edited 10:25am
Quoting SilverShark
we must go up...before we get down
oh yeah? no there is no such a word in trading, it must, it will, it cant, i know, it's not a prudent approach.. its all about it might, its probable, its most likely based upon such and that study... or you're going to be very confused and dissapointed. just my two cent.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #81,635
  • Mar 31, 2009 9:56am Mar 31, 2009 9:56am
Quoting stewrigh
Hi Rp,
Can you explain your rationale for going short there??
Thanks
I normally scalp for 10-2x pips, but I also only scalp in the direction of the inter-daily trend. On my 5m chart, I have price action hitting the 13EMA for several candles. I believe the second or third candle hit around 1.3285-87, so I went short there for a scalp. At the time, price was seesawing off the 13EMA and 240SMA (4 hr SMA), now price action has broke through the 240SMA, so that setup is no longer valid as a channel scalp.
  • #81,636
  • Mar 31, 2009 9:58am Mar 31, 2009 9:58am
ok, my bad...maybe...possible...
  • #81,637
  • Mar 31, 2009 10:02am Mar 31, 2009 10:02am
Quoting derek
correction with target 1.3225
correction it's correction - you understand

Oh...OK...it was the words "up to" that had confused me.
VERY nice call!!!
Ghost Rider - WWTBMD?
  • #81,638
  • Mar 31, 2009 10:02am Mar 31, 2009 10:02am
Quoting F.x.
More longs @ 3230
I have some longs here too. But this down move is quite strong just now. Lets wait and see. Stop 35 pips
  • #81,639
  • Mar 31, 2009 10:04am Mar 31, 2009 10:04am
Quoting tinkywinky
I have some longs here too. But this down move is quite strong just now. Lets wait and see. Stop 35 pips
It can go either way from here, and I actually think you'll do ok short or long at this point if you place the right sized trade and wait the right amount of time.

My SL is a few hundred pips more than yours.
  • #81,640
  • Mar 31, 2009 10:08am Mar 31, 2009 10:08am
Quoting F.x.
It can go either way from here, and I actually think you'll do ok short or long at this point if you place the right sized trade and wait the right amount of time.

My SL is a few hundred pips more than yours.
Oh no at this market I have tight stops. After rate annoncement maybe I take a position trade, but today no.
Good luck I hope you don't have a large drawdown. And I hope my SL doesn't get hit.
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