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  • #1,781
  • Mar 22, 2010 1:01am Mar 22, 2010 1:01am
i hope support on EU 1.3500 holds untill London opens so we can trade the break
  • #1,782
  • Mar 22, 2010 1:23am Mar 22, 2010 1:23am
Quoting sebastianzl
i hope support on EU 1.3500 holds untill London opens so we can trade the break


very good point that's a nice entry
Invest in alarm clocks
  • #1,783
  • Mar 22, 2010 2:19am Mar 22, 2010 2:19am
Quoting Monroe
Hey geomink, sure, I'll try to explain what I mean about what I've said there...

You can make money trading higher timeframes, but you need a lot of money or a lot of time to make it. What can you do for your account in a months time trading dailies and 4h, 1h candles? If you were good, you can do alright, but think about it... higher timeframes and position trading... you're exposing your account to the market for too long. We are not nastradomus, we cannot predict what the market will do tomorrow. But we can play the odds and a scalping method...
Hi Monroe,

thanks for your answer and contribute.

Really clear.

Sincerly.
Don't give up
  • #1,784
  • Mar 22, 2010 3:06am Mar 22, 2010 3:06am
i took gu long but got stopped out a b/e entry was based on 8 pip candle on 5 sec chart on oanda
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  • #1,785
  • Mar 22, 2010 3:20am Mar 22, 2010 3:20am
Quoting sebastianzl
i took gu long but got stopped out a b/e entry was based on 8 pip candle on 5 sec chart on oanda
exactly the same for me
Don't give up
  • #1,786
  • Mar 22, 2010 8:19am Mar 22, 2010 8:19am
Did anyone get the short on eu to day i fell a sleep waiting and miss it
  • #1,787
  • Mar 22, 2010 8:30am Mar 22, 2010 8:30am
Quoting sebastianzl
Did anyone get the short on eu to day i fell a sleep waiting and miss it
I was waiting for the break and hammered in as fast as I could when 1.3500 broke but still did not get filled. Sometimes it drops too fast. I did manage to get a 10 pip scalp a little later on.

In these situations where it there almost certainly is going to be a big move when a level breaks, you may want to try a market order to ensure you get filled.
  • #1,788
  • Mar 22, 2010 9:40am Mar 22, 2010 9:40am
hey Tony112

Do you only trade this during the 2 hours at the london and new york open?

To a max of 4 hours a day?
  • #1,789
  • Mar 22, 2010 9:47am Mar 22, 2010 9:47am
1
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Invest in alarm clocks
  • #1,790
  • Mar 22, 2010 9:50am Mar 22, 2010 9:50am
0SL

floating at 28
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Invest in alarm clocks
  • #1,791
  • Mar 22, 2010 10:09am Mar 22, 2010 10:09am
Hello Tony,

Nice trade. How big was your signal candle. I was watching chart at same time and biggest candle i saw was around 5 pip on Ninja trader 5 sec chart.

Thanks.
  • #1,792
  • Mar 22, 2010 10:17am Mar 22, 2010 10:17am
this candle was less than 8 pips,and there was no clear continuation, was afraid to take it...
  • #1,793
  • Mar 22, 2010 10:31am Mar 22, 2010 10:31am
Hi guys,

I decided to follow Tony's strategy, hope it would be good step. I would also post my trading effects if it's fine for you
  • #1,794
  • Mar 22, 2010 10:37am Mar 22, 2010 10:37am
i dont want no 30 pips id rather take 0 loss!
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  • #1,795
  • Mar 22, 2010 10:43am Mar 22, 2010 10:43am
Quoting Tony112
1
With a SL of 3 wouldn't this have stopped you out?
  • #1,796
  • Mar 22, 2010 10:55am Mar 22, 2010 10:55am
Quoting frankkn
s+r on the 5m
lol man those numbers are huge.
  • #1,797
  • Mar 22, 2010 11:38am Mar 22, 2010 11:38am
Quoting adaseb
lol man those numbers are huge.
yes sir

i keep my laptop under my tv and play grand theft auto to distract myself

the numbers blink these amazing colors when shits goin down

gta distracts me from trailing my stop
  • #1,798
  • Mar 22, 2010 11:44am Mar 22, 2010 11:44am
Guys is it profitable to trade right now? Market seems to be inactive. Which time is the best in your opinion?
  • #1,799
  • Mar 22, 2010 12:04pm Mar 22, 2010 12:04pm
Quoting ikssde
Guys is it profitable to trade right now? Market seems to be inactive. Which time is the best in your opinion?
Its been said before, Ny and London Open..
  • #1,800
  • Mar 22, 2010 12:13pm Mar 22, 2010 12:13pm
hi tony112,
does this trading method last for that two hours a total of four hours a day? what is the assumption you assume when the market does not meet the 8pip 5sec
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