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EUR/USD Scalp 1 min

  • #341
  • Dec 23, 2009 7:56am Dec 23, 2009 7:56am
This is what I have on the 5 minute chart.

From the low 1.4249 to High 1.4292

Price dropped to the 61.8% fibo at 1.4265 then back above the 38.2% which is right at the 1.4275 area I am watching.

Price fell short of the high on this move up and is going back for the 61.8% mark at 1.4265, lets see if the test here stays higher or breaks deeper.

Ranging for now, 5 minutes till the new hour, then we should see more movement coming with New York open soon.

Update 1: 1.4265 hit right on this move down, now we wait to see how the last high at 1.4287 holds, if that breaks, we look for the 1.4292 to test and possibly break on a move to 1.4300.

Update 2: Now you can see this setup has almost formed into a near Doji on the last hourly bar.
  • #342
  • Dec 23, 2009 8:06am Dec 23, 2009 8:06am
I am looking for a long with break up here on next move above 1.4281 area.


Long EU 1.4281 with target at 1.4290 and stop below 1.4275
  • #343
  • Dec 23, 2009 8:13am Dec 23, 2009 8:13am
Okay that was just too fun, and very simple in it's setup for that trade.

I watched it's moves on every turn and entered precisely when the move upwards to test that high at 1.4292 was going to go.

I exited with +10 pips in no time at all when price reached 1.4290.

These are the setups that you like to see.

I will usually exit before the extreme high or low area, 1.4292 was the high, so I stayed below that a couple pips, even though I am looking for the 1.4297 to 1.4300 to reach here soon.

pip-scalper
  • #344
  • Dec 23, 2009 8:19am Dec 23, 2009 8:19am
Turning on my desktop to post a chart.

be right back
  • #345
  • Dec 23, 2009 8:40am Dec 23, 2009 8:40am
Here is my trade platform.
Attached Image (click to enlarge)
Click to Enlarge Name: pip-scalper platform.PNG Size: 71 KB
  • #346
  • Dec 23, 2009 8:42am Dec 23, 2009 8:42am
Here is the Chart showing how I broke this down for a Long Trade.

Note: EU reached the 1.4297/1.4300 as expected.

Correction: On the charts I have the low marked wrong, that should be 1.4249.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Setup Pre New York.PNG Size: 23 KB
  • #347
  • Dec 23, 2009 9:00am Dec 23, 2009 9:00am
Here is the Range for EU.

You can see why price is hovering around 1.4275.

This allows me to see the areas to target as price moves one way or the other.

pip-scalper
Attached Image (click to enlarge)
Click to Enlarge Name: EU Range.PNG Size: 22 KB
  • #348
  • Dec 23, 2009 9:33am Dec 23, 2009 9:33am
Well, my range area was reached super fast, guess the bad US news pushed the EU higher.

I was not trading during this move, drinking coffee and just reading some news items.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Range Updated.PNG Size: 28 KB
  • #349
  • Dec 23, 2009 9:39am Dec 23, 2009 9:39am
My last post in New York.

I will be back in Asia.

pip-scalper

Here is the chart showing my revised range presently.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Revised Range.PNG Size: 32 KB
  • #350
  • Dec 23, 2009 5:06pm Dec 23, 2009 5:06pm
Looks like the pipster got scalped.
TheCableGuy
  • #351
  • Dec 23, 2009 5:09pm Dec 23, 2009 5:09pm
Quoting TheCableGuy
Looks like the pipster got scalped.
  • #352
  • Dec 24, 2009 8:04am Dec 24, 2009 8:04am
Too bad, this is not the most popular thread, but there were some good calls from pipscalp, will HOSS come back and keep it going?
  • #353
  • Dec 26, 2009 11:02am Dec 26, 2009 11:02am
1 Hour Chart.

This is the areas I am watching for this coming week.

N2FX

Posted these charts

http://www.forexfactory.com/showthre...206723&page=31
Attached Image (click to enlarge)
Click to Enlarge Name: EU Hour Setup.jpg Size: 68 KB
  • #354
  • Dec 26, 2009 5:16pm Dec 26, 2009 5:16pm
This is the areas I am watching for on the UJ this coming week.

Price should find resistance in the gray box area, and could dip back to 90.52 to build the breakout pressure.

This is the 3rd attempt to break the resistance area, I will be read to long on that break.

N2FX
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.jpg Size: 54 KB
  • #355
  • Dec 26, 2009 10:49pm Dec 26, 2009 10:49pm
I've read the entire thread since it falls in line with more or less my method.
Checked the settings and to my surprise they work quite well on historical data.

I personally also hate any form of automated trading.

I'm curious if anyone from when this thread started is still around and has kept using the settings presented here for the past few months.(Hoss is probably somewhere on a beach in Fiji already)

I'd be very interested in hearing live trading statistics.

BTW: Could we please keep this thread on subject and not post other trading methods or use it as trading journal (many free blogs out there).

Good luck to all.
  • #356
  • Dec 27, 2009 4:11am Dec 27, 2009 4:11am
Sitting idle just thinking how to use m1 chart for scalping( though doing at time myself) without knowing the big picture & smaller movement even turn into bigger ones while followed at top or bottom..Just it need sit infront of the coputer & act much promptly with out much lust of money & follow next grid as possible sr levels always .what I do act fast is ready rapidly my swiss army ea to either close all buy or sell orders mode & activate fast when in need.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #357
  • Dec 27, 2009 4:19am Dec 27, 2009 4:19am
hallo. i look at a broker which have server in USA and tha pair EURO/USD is right now at 1.4408 . is this correct ? do you have the same ?
  • #358
  • Dec 27, 2009 4:53am Dec 27, 2009 4:53am
Quoting geocatalinfx
hallo. i look at a broker which have server in USA and tha pair EURO/USD is right now at 1.4408 . is this correct ? do you have the same ?
I check this side , and actual price EU/US is 1.4358
  • #359
  • Dec 27, 2009 5:30am Dec 27, 2009 5:30am
i think we will have a surprise tomorrow. this broker is always one step in front. at the closure and openings they are first to show the price. EURO/USD is now 1.4409 and GBP/USD is 1.6016. please check at www.iforex.com
Quoting keton
I check this side , and actual price EU/US is 1.4358
  • #360
  • Dec 27, 2009 9:21am Dec 27, 2009 9:21am
Quoting robertw
I've read the entire thread since it falls in line with more or less my method.
Checked the settings and to my surprise they work quite well on historical data.

I personally also hate any form of automated trading.

I'm curious if anyone from when this thread started is still around and has kept using the settings presented here for the past few months.(Hoss is probably somewhere on a beach in Fiji already)

I'd be very interested in hearing live trading statistics.

BTW: Could we please keep this thread on subject and not post other trading...
Actually the thread was nearly dead, Hoss has not been around for some time and if it was not for the pip-scalper trader it would be on page 3 of the thread list.

Not sure what staying on subject is other then get a 1 minute chart, and trade.

You may want to visit the Eur/Usd thread, since there are many ideas how to trade indicators there.

And trading does not take luck, it takes skill.
TheCableGuy
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