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EUR/USD Scalp 1 min

  • #361
  • Dec 27, 2009 10:07am Dec 27, 2009 10:07am
On the last post I showed the UJ 1 hour, just to show patterns of setups.

This is the 1 minute from market close day.

A very predictable setup as the EU forms a double top.

You see all the hits at support, that is where the pressure is building, and just wait for it to break, re-test, and give lower high, then SHORT.

No indicators are needed, just the formation or patterns can make you pips.

It does not get any easier then this.

N2FX
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  • #362
  • Dec 27, 2009 10:13am Dec 27, 2009 10:13am
Quoting robertw

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.
Sorry for going off subject, I will start my own thread with the 1 minute setups.

N2FX

Here is the journal thread I started today
http://www.forexfactory.com/showthread.php?t=213182
  • #363
  • Dec 27, 2009 1:07pm Dec 27, 2009 1:07pm
Cable Guy

I don't mean to bash anyone.

I'm sure there are always ways to improve any system and we could all try to tweak and share that info here.

I Agree with you that trading does take a lot of skill and a lot of patience (3+ years on it) but like with everything else in life its good to have luck on your side.

N2FX

I didn't mean to be an a**, I just felt that the format on the first few pages of the thread where settings information was being exchanged was much more beneficial. But hey, its only my opinion and someone may find your information much more useful. I'll definitely look at your new thread.

I'll try to contribute anything useful once the markets wake up after the New Year and I can do some trades with these set ups.
  • #364
  • Dec 27, 2009 10:34pm Dec 27, 2009 10:34pm
Quoting fontu
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
So price nicely broke up the triangle rightly & now abc correction is due .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #365
  • Edited Dec 28, 2009 1:40am Dec 27, 2009 11:20pm | Edited Dec 28, 2009 1:40am
update of the above chart , how price action occuring next.
fontu
update " c taken up perfectly & now for D if any bull action , already failed 1.4382 level stallation price & now can expect next grid at 1.4370 for bounce & if fail ( likely) the 1.4355 areas to go.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #366
  • Dec 28, 2009 2:36am Dec 28, 2009 2:36am
The bull started at 1.4374 with inverted h&s not doing well but another bull set up developing at he top & it should ultimately reach 1.4398 or nearer to have decision further up or bear continuation below 1.4374.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #367
  • Dec 28, 2009 2:39am Dec 28, 2009 2:39am
Quoting fontu
The bull started at 1.4374 with inverted h&s not doing well but another bull set up developing at he top & it should ultimately reach 1.4398 or nearer to have decision further up or bear continuation below 1.4374.
fontu
I took my long at 1.4382, after watching the 1.4376 rejection on southern move.

I was targeting the near high at 1.4417, with exit at 1.4412.

But I found out this is a Holiday, so I will probably cut it soon and sleep.

Good Trading to you Fontu.
  • #368
  • Dec 28, 2009 2:52am Dec 28, 2009 2:52am
Quoting N2FX
I took my long at 1.4382, after watching the 1.4376 rejection on southern move.

I was targeting the near high at 1.4417, with exit at 1.4412.

But I found out this is a Holiday, so I will probably cut it soon and sleep.

Good Trading to you Fontu.
Well done & in scalping the less target the better , at least doing with min risk .your target may easily reach and as I usually not target beyound the present action ( upto 1.4398 can be ok ,above depends upon if breaks up or fail totally) just will close them at any next grid up or down like you.
Wish good trading to you too. It seems such thin market is perfect for scalping, not doing it most of the days though but use m1 for most action .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #369
  • Dec 28, 2009 10:51am Dec 28, 2009 10:51am
Yes, haven't checked in in a long time, but I am still trading this way. It works for me, and have found myself waiting for better set ups as time goes on. I read somewhere that is better to miss and trade and wish to be in it than be in a trade and wish you could be out of it. I am trading this the exact same way as the original posts. It looks as though some people have added a few things which is ok with me as long as it works for you individually. I actually didn't think this thread was still alive, so I will try and check in a little more.
Life is too short to have anything but delusional notions about yourself.
  • #370
  • Dec 28, 2009 10:56am Dec 28, 2009 10:56am
It is a surprise to see you.

Do give us some updated charts, and if you could post a template, I had a hard time finding it in my reading.

Thanks, and good to see you around.
  • #371
  • Dec 28, 2009 11:20am Dec 28, 2009 11:20am
Quoting hoss
Yes, haven't checked in in a long time, but I am still trading this way. It works for me, and have found myself waiting for better set ups as time goes on. I read somewhere that is better to miss and trade and wish to be in it than be in a trade and wish you could be out of it. I am trading this the exact same way as the original posts. It looks as though some people have added a few things which is ok with me as long as it works for you individually. I actually didn't think this thread was still alive, so I will try and check in a little more.
Hi Hoss, you should check often (please). I just got started with it and I love it. Just made 2 successful trades in this slow day. I look forward to your continue support to your "scalping baby". Thanks for sharing. I deeply appreciate as I have been looking for a system for a looooong time! I hope my success will continue. I'll keep you (and the rest of us) updated.

A great new year for all!
  • #372
  • Dec 28, 2009 11:44am Dec 28, 2009 11:44am
Quoting hoss
Yes, haven't checked in in a long time, but I am still trading this way. It works for me, and have found myself waiting for better set ups as time goes on. I read somewhere that is better to miss and trade and wish to be in it than be in a trade and wish you could be out of it. I am trading this the exact same way as the original posts. It looks as though some people have added a few things which is ok with me as long as it works for you individually. I actually didn't think this thread was still alive, so I will try and check in a little more.

Whats your account balance at now? Would be very interesting to know
The greatest force on earth is compound interest.
  • #373
  • Dec 28, 2009 11:44am Dec 28, 2009 11:44am
Quoting hoss
Yes, haven't checked in in a long time, but I am still trading this way. It works for me, and have found myself waiting for better set ups as time goes on. I read somewhere that is better to miss and trade and wish to be in it than be in a trade and wish you could be out of it. I am trading this the exact same way as the original posts. It looks as though some people have added a few things which is ok with me as long as it works for you individually. I actually didn't think this thread was still alive, so I will try and check in a little more.
Glad to see you hoss back specially as it is your thread & hope doing well theses days. I will be visiting often theses days here too.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #374
  • Edited 12:13pm Dec 28, 2009 11:50am | Edited 12:13pm
Bear continuation continues ..
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #375
  • Dec 28, 2009 10:30pm Dec 28, 2009 10:30pm
Nice movement down to the exact my lines drawn last night & tp set .There should be some retracement ( bull flag) at the level even go deep down again.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #376
  • Edited 12:35am Dec 29, 2009 12:24am | Edited 12:35am
Though price should go up 1.4378 yet took one risky short as seen the double top in a smaller bull setup & can take price down to 1.4365 before bull take action. now I see price either trying to bull at 78 .anyway above 80 close shorts & will take long .may loose this time as thought bull is not so strong at this thin market and can compromise few pips down.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #377
  • Edited 8:00am Dec 29, 2009 7:43am | Edited 8:00am
Price still in bull but bears interacting very hard at this stage perhaps . risky long though playing only over 23.6 fib now . so will only shorts at this stage from any top so that if any disaster it can be continued even with a big sl.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #378
  • Edited 10:06am Dec 29, 2009 9:46am | Edited 10:06am
A h&s perhaps developing & now price should bounce from the support now to 1.4435 at least before the final action.so 1 long taken sl below 1.4413.
fontu

long not work & even The h&s not formed & shorts proved always safe .strange pa & spikes up any times can happen .
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379
  • Dec 29, 2009 5:59pm Dec 29, 2009 5:59pm
Look at the "L" on 1H chart, it's most likely going to be another "L" down possibly testing the support at 1.4250
  • #380
  • Dec 29, 2009 11:25pm Dec 29, 2009 11:25pm
It can be assumed that price may not back to the previous bull position again but anything can happen though in forex.
Some round tops & bottoms play in M1 & over all there is a round top in M4.
So some sorts of bull action as seen round bottoms in M1 before further fall happening.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
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