Disliked2353 GMT [Dow Jones] EUR sentiment recovering as shown in recent sharp narrowing of Greek CDS spread, but that doesn't mean EUR downside risk completely gone, indeed EUR may resume falling if results of European bank stress tests negative, says Morgan Stanley. Adds EUR/USD may extend gains to 1.30 vs last 1.2920, but further upside difficult, so house pegs long-term target at 1.180 while placing stop-loss buy orders around 1.340. USD now falling, but house still believes "U.S. growth will be among the strongest in the developed markets this year",...Ignored
- #272,043
- Jul 15, 2010 8:31pm Jul 15, 2010 8:31pm
anyone knows any scalping strategy that they can share, all the indicator setup and how to use it?
when will be the time to do it with what time frame?
do we need any other time frame to confirm the trade?
is eur/usd good for scalping or what will be an ideal one?
any guideline appreciated
when will be the time to do it with what time frame?
do we need any other time frame to confirm the trade?
is eur/usd good for scalping or what will be an ideal one?
any guideline appreciated
- #272,044
- Jul 15, 2010 8:36pm Jul 15, 2010 8:36pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
im watching these along with jd chart.. but not digging in until after stress test.
50 percent may be it..but I'm long and short until (just scalping)..I'll be mainly long now
I should have taken that monthly pin bar on instinct...bias got in the way.
forgot the chart..edit:AK, I'm in with ya now..2913. will try again @ pivot
- #272,046
- Jul 15, 2010 8:48pm Jul 15, 2010 8:48pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #272,047
- Jul 15, 2010 9:06pm Jul 15, 2010 9:06pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
This has been some interesting asia session PA so far with low MOM.
Normally I would have bet ((and did..)) that the xx20ish level would hold better but the QP at 2708 got tapped and rebounded nearly to the pip with a very nice little doji on both the 5m (MT4) or 6m chart that I use.
I would normally consider that an odd number to stop a move at... and would normally expect a xx00 figure tap, or closer than (xx08) at the least once the xx20 level is breached and cleared but it does niicely showcase the whole QP/SP thing in action. If I traded my own rules better, I wouldn't have gone into a 10-12 pip drawdown.... and I would have gotten a near perfect entry on that 5m doji.
I Hate drawdown...
Not planted in front of the puter this evening and hoping this latest entry doesn't get eaten...
Normally I would have bet ((and did..)) that the xx20ish level would hold better but the QP at 2708 got tapped and rebounded nearly to the pip with a very nice little doji on both the 5m (MT4) or 6m chart that I use.
I would normally consider that an odd number to stop a move at... and would normally expect a xx00 figure tap, or closer than (xx08) at the least once the xx20 level is breached and cleared but it does niicely showcase the whole QP/SP thing in action. If I traded my own rules better, I wouldn't have gone into a 10-12 pip drawdown.... and I would have gotten a near perfect entry on that 5m doji.
I Hate drawdown...Not planted in front of the puter this evening and hoping this latest entry doesn't get eaten...
FUBAR...
- #272,048
- Jul 15, 2010 9:11pm Jul 15, 2010 9:11pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
Chart says Demo Acct!
here's another fresh one..3123 brings 3509
- #272,049
- Jul 15, 2010 9:13pm Jul 15, 2010 9:13pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #272,050
- Jul 15, 2010 9:17pm Jul 15, 2010 9:17pm
no shit...i've got about 6 of them. and 2 live ones..live are on oanda which isn't really too chart friendly
here's another fresh one..3123 brings 3509
Attachment
- #272,051
- Jul 15, 2010 9:19pm Jul 15, 2010 9:19pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #272,052
- Jul 15, 2010 9:27pm Jul 15, 2010 9:27pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
........what's with the exclamation point?!......
No aspersions cast.Just that I have no experience with MetaTrader or any other such platforms (with demo or otherwise).
I started out with TC 2000 (end of day basis) back in mid 90's and have been with TradeStation since around '97 such I am unaware of demo's and such.
I'm kind of the oddball here.
- #272,055
- Jul 15, 2010 9:46pm Jul 15, 2010 9:46pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
I don't know.
Just that I have no experience with MetaTrader or any other such platforms (with demo or otherwise).
I started out with TC 2000 (end of day basis) back in mid 90's and have been with TradeStation since around '97 such I am unaware of demo's and such.
I'm kind of the oddball here.
take care,
Donnie
- #272,057
- Jul 15, 2010 10:17pm Jul 15, 2010 10:17pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
this could proly send euro up for a good week or two...id be buying the dips lads...
long term shorts should be scaling out by now...
1.3 may not be exegerating.
well, dont be throwing al eggs in one basket.
ill be looking for a new crystal ball. lol
those corporates sitting on the long side of their options hedge should be taking losses around these areas 1.3-1.35, before scaling a new hedge on the short side. just a median price analysis i did.
- #272,058
- Jul 15, 2010 10:25pm Jul 15, 2010 10:25pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #272,059
- Jul 15, 2010 10:26pm Jul 15, 2010 10:26pm
- Joined May 2009 | Status: Re-member | 6,497 Posts
anyone knows any scalping strategy that they can share, all the indicator setup and how to use it?
when will be the time to do it with what time frame?
do we need any other time frame to confirm the trade?
is eur/usd good for scalping or what will be an ideal one?
any guideline appreciated
I use scalping as entry. I am looking at the daily chart with heiken ashi then 1H with heiken ashi (they should both go the same way).
Yhen I look at the 1M heiken ashi for a good entry...
Scalping is very hard as most people look at longer timeframes...
Only through trial and error + analysing the mistakes and exclude them in the next trade will you meet success... walk your own way...
