Dislikedamazing,so you still only buy above the PP ,and sell below the PP.looks like your strategy is more flexible now!Ignored
m
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Dislikedamazing,so you still only buy above the PP ,and sell below the PP.looks like your strategy is more flexible now!Ignored
DislikedI still use pivots but I'll sell a top as quickly as I'll buy a bottom.
mIgnored
Dislikedrumors. i love em and hate em..lets me see if i was gonna lay down a bunch of cash to move markets. i surely would not tell anyone..i guess these guys who made a fortune are just dumb asses. to tell the world what there gonna do before they do it. now days if your that big all you need to do is push a button. you dont tell the world your gonna push it before hand. the rumor would be best spent after in position at the better price....Ignored
DislikedThe dollar needs a comeback on short covering. Looking at 1.30 as long term bottom, 1.35 decent intermediate level, IMO.
You can't have inflation without wage growth and there is no reason for commodities to continue this BS run with no consumers to buy "stuff".Ignored
DislikedEUR-USD had another small range day (111 pips) yesterday. But the prices have firmed up as we have a bullish candle on the daily chart. Last week's high (1.4405) still remains as a major resistance that needs to be broken for prices to climb higher. We are in Wave 3 on the Weekly/Monthly charts.
For TUESDAY key economic reports from Europe and US that should move the market are:
UK "Manufacturing PMI"
US "ISM Manufacturing PMI", "Pending Home Sales m/m".
See DAILY chart.Ignored
DislikedIts spose to be a sin even to hear em - that's why I'm glad I'm a scalper. 4-8 pips at a time and I'm just along for the ride.Ignored
DislikedThe dollar needs a comeback on short covering. Looking at 1.30 as long term bottom, 1.35 decent intermediate level, IMO.
You can't have inflation without wage growth and there is no reason for commodities to continue this BS run with no consumers to buy "stuff".Ignored
DislikedActually in the EU, and even with growing unemployment, since there was no house bubble, "only" the (smaller (not 401k)) credit bubble, the "problem" was solved "earlier" than in the US.
Consumers started buying "stuff" earlier in EU than in the US, and, contrary of what has happened in previous crysis, EU has (statisticly) come out of recession earlier.
Meaning, in theorytical terms, that the currency relations may be re-balanced, favorouring the €, Yen, and Yuan, except that both China keep manipulating their currency and Japan has...Ignored
DislikedI still use pivots but I'll sell a top as quickly as I'll buy a bottom.
mIgnored
DislikedYou seem to be a very successful scalper. do you use any indicators or just PA S&R. I'd like to learn how you do it.Ignored
DislikedWhen I stick to what works for me I do ok. When I first started out I used the BB in what Kathy Lien calls the 5-min Mo Mo method. Google her and you will find the article on Investipedia. Then I started hanging out on forums and picked up some knowledge here and there. I use S/R from observation & also calc'd daily, weekly pivots. I have spent alot of time trading on the low tf charts - 30s, 1m, 3m, 5m. I have learned alot from the VSA materials that are here and also on Trader's Laboratory. I trade futures and keep the CME futures charts rolling...Ignored
DislikedI either have an "emergency" stoploss of several times my profit target - this is typically never hit as I will stop out manually....or I will have a default sl to go along with a default tp and this is typically at 1:1 sl:tp or less. I rarely have a sl hit and will instead stop out manually.Ignored