Attachments: EURUSD

EURUSD

#101,681
May 27, 2009 11:57am May 27, 2009 11:57am

notch
| Membership Revoked | Joined Apr 2009 | 2,726 Posts

Quoting gatorinla

Disliked

im happy for you man.. take this or throw it away in all life endeavers.. "mule that shit fast dont shit long".
good luck.

Ignored

lmao....

...that is soooo funny...lmao!!!

#101,682
May 27, 2009 11:58am May 27, 2009 11:58am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,125 Posts

Quoting fando

Disliked

eithner stuck to the script in his Boston speech and made no comments on a rebound in US growth leading to a dollar decline (as had been rumored earlier in the session.

He did say that the US economy is showing some signs of stability and that confidence and the financial system are starting to heal.

from forexlive.com

Ignored

he will not change my plans... moodys or bill gross might but not geithner

those who can, do. those who cant, talk about those who can

#101,683
May 27, 2009 11:59am May 27, 2009 11:59am

gurangax
Joined Jan 2009 | Status: Trader | 316 Posts

Quoting vinesh2

Disliked

gurangax scalping is a risky strategy the more you put yourself out there the more you expose yourself to the market. There will be a time where you will overtrade and risk loosing all the money you made. Swing trade is the best strategy but each to his own. gd luck

Ignored

Thanks for the advice. I am well aware of that. every scalp i take minimum 10 pips. usually i will get around 10-12 pips depending on the volatility. Also I only trade at certain condition. 10 pips per trade if I have 10 trades then I will approximately get 100 pips for the day.

Gambling with PA

#101,684
May 27, 2009 12:01pm May 27, 2009 12:01pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,125 Posts

Quoting notch

Disliked

lmao.......that is soooo funny...lmao!!!

Ignored

it works.. chart it

those who can, do. those who cant, talk about those who can

#101,685
May 27, 2009 12:03pm May 27, 2009 12:03pm

negro wolf
| Joined May 2009 | Status: Trader | 362 Posts

i think it will continue ranging now
hope a strong boost soon
i am still out of trading
and sure .. i am not a scalper
i am a systemer

THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem

#101,686
May 27, 2009 12:07pm May 27, 2009 12:07pm

fando
| Joined Mar 2009 | Status: Trader | 47 Posts

Quoting negro wolf

Disliked

i think it will continue ranging now
hope a strong boost soon
i am still out of trading
and sure .. i am not a scalper
i am a systemer

Ignored

yes, and i think up trend is still intact. bears released their chargers last 2-3 days but couldnt push the pair down.

#101,687
May 27, 2009 12:08pm May 27, 2009 12:08pm

trendman
| Joined Apr 2009 | Status: Trader | 602 Posts

Hi, what sort of strategy you use for scalping, could you share with us?

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#101,688
May 27, 2009 12:11pm May 27, 2009 12:11pm

trendman
| Joined Apr 2009 | Status: Trader | 602 Posts

Quoting trendman

Disliked

Hi, what sort of strategy you use for scalping, could you share with us?

Ignored

This question is for gurangax

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#101,689
Edited 12:28pm May 27, 2009 12:12pm | Edited 12:28pm

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Quoting fando

Disliked

yes, and i think up trend is still intact. bears released their chargers last 2-3 days but couldnt push the pair down.

Ignored

True but without enough retracement it can't push it up too , a minimum 1.3840 to reach before the bull & so still shorting from any top sees .price will not range this way for lomg time .
fontu

Not understand?better not follow my analyses!doubt clearer first, risks ++

#101,690
May 27, 2009 12:17pm May 27, 2009 12:17pm

Albest
| Joined Mar 2009 | Status: Trader | 41 Posts

According to a study made today by a primary swiss financial institution 1,40 will be the top for eurusd this year.

#101,691
May 27, 2009 12:19pm May 27, 2009 12:19pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,125 Posts

imfuo we are a ship looking for a port.as you can see using line on day chart.. the day, wk mth, 200 ma are both below where we are now.. on the daily we went above 300ma for 5 days and are currently below it. the big boys use the 200 ma. i could throw in some weekly monthy pivots but will not..not all im looking at but it fits.. but as stated picking tops r 4 fools..

those who can, do. those who cant, talk about those who can

#101,692
May 27, 2009 12:23pm May 27, 2009 12:23pm

nooblaster
| Joined Apr 2009 | Status: Trader | 229 Posts

nowadays you need 120pip tsl to account for news and rumours' volatility, damn hedge funds, always spreading rumours

#101,693
May 27, 2009 12:25pm May 27, 2009 12:25pm

F.x.
| Joined Feb 2009 | Status: Madness has no method. | 1,143 Posts

I'm back in short.

#101,694
May 27, 2009 12:30pm May 27, 2009 12:30pm

The Fool
Joined Apr 2009 | Status: Live and learn. | 25,162 Posts

Quoting gurangax

Disliked

Thanks for the advice. I am well aware of that. every scalp i take minimum 10 pips. usually i will get around 10-12 pips depending on the volatility. Also I only trade at certain condition. 10 pips per trade if I have 10 trades then I will approximately get 100 pips for the day.

Ignored

gurangax,

Don't let the scalp-bashers get you down. Scalping is a viable strategy that is at least as profitable as any other. As far as risk goes, the less time your position is exposed, the less risk you incur. You must learn to trade in the right price action conditions and develop the discipline to quickly close losing trades. Scalping in the direction of overall trend is a good general rule of thumb.

When you are confident in the risk aversion of your strategy you can increase your position size. Lots of people brag about the big pip totals they rack up. Well, I can't put my kids through college with pips. But I can string together 20 or more wins in a row of 3-5 pips or more if I let some run. There are plenty of very wealthy forex traders who scalp.

"If The Fool persists in his Folly he will become wise." - William Blake