Wham bam, thank you mam! 
Great trading, Ben and RisingSun. Amazing.
Here is a setup I learned from a scalper friend. And I apologize that this isn't from a live trade. But it's a perfect example of what makes for a high probability trade.
We're looking for price to break out (hi or low). And then we enter when price takes out the high or low of the break. "Thats pretty HP entry. But if your seeing weak momentum then it's a weak move."
Have a great weekend guys.
I think eurusd wanted to give me a present today (it's actually my birthday) 
Opened oanda ready to go grab a coffee and wait for frankfurt open, but low and behold - double top on 1min chart, and no sooner had I checked recent support - price shot down! Entered on slight retrace, and closed on hesitancy for 15 pips. Considered immediate re-entry on break of low, but decided to be certain of a nice end to the week!!
Guys, thanks for all your charts and discussion in this thread - I've learnt a lot from reading here.
I didn't have a loosing day all week with this method - and I think that is definitely a first for me... :o
Have a good one! Beer/beverage of your choice, is on me
Opened oanda ready to go grab a coffee and wait for frankfurt open, but low and behold - double top on 1min chart, and no sooner had I checked recent support - price shot down! Entered on slight retrace, and closed on hesitancy for 15 pips. Considered immediate re-entry on break of low, but decided to be certain of a nice end to the week!!
Guys, thanks for all your charts and discussion in this thread - I've learnt a lot from reading here.
I didn't have a loosing day all week with this method - and I think that is definitely a first for me... :o
Have a good one! Beer/beverage of your choice, is on me
- #745
- Jul 23, 2010 1:30am Jul 23, 2010 1:30am
- Joined Jun 2007 | Status: trader | 1,703 Posts
I think eurusd wanted to give me a present today (it's actually my birthday)
...
Have a good one! Beer/beverage of your choice, is on me
the move south was too fast for me. you really got a master's finger!
- #746
- Jul 23, 2010 2:23am Jul 23, 2010 2:23am
- Joined Jun 2007 | Status: trader | 1,703 Posts
not as good looking as you guys' but here goes my 5 sec trades on GJ and EJ. 1.5% each, 3.0% in total. combined with the previous GJ trade on 30 sec, total for today is 4.5% 
Thanks Magic Trader 
Cheers mate!
Lol, thanks a lot- well I do have a good mouse! This may be my edge on the market, heh.
Great 5sec trades and return for the day I like your use of limit orders too, gives you optimum pip entry doesn't it. I also like the retrace/and break around 133.12 / 112.08 (16.02) for market orders.
congrats on your birthday and the good week ever.
the move south was too fast for me. you really got a master's finger!
Lol, thanks a lot- well I do have a good mouse! This may be my edge on the market, heh.
not as good looking as you guys' but here goes my 5 sec trades on GJ and EJ. 1.5% each, 3.0% in total. combined with the previous GJ trade on 30 sec, total for today is 4.5%
I like your use of limit orders too, gives you optimum pip entry doesn't it. I also like the retrace/and break around 133.12 / 112.08 (16.02) for market orders.
- #748
- Jul 23, 2010 3:17pm Jul 23, 2010 3:17pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
... well I do have a good mouse!
... I also like the retrace/and break around 133.12 / 112.08 (16.02) for market orders.
those are better entries, mate
, but am a chicken .. lolgreat weekend, guys!
- #749
- Jul 23, 2010 8:18pm Jul 23, 2010 8:18pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Great trading, Ben and RisingSun. Amazing.
Here is a setup I learned from a scalper friend. And I apologize that this isn't from a live trade
We're looking for price to break out (hi or low). And then we enter when price takes out the high or low of the break. "Thats pretty HP entry. But if your seeing weak momentum then it's a weak move."
Have a great weekend guys.
- #750
- Jul 23, 2010 8:27pm Jul 23, 2010 8:27pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
(it's actually my birthday)
Have a good one! Beer/beverage of your choice, is on me
hope 2 years from now your pips is better than last 2 year!
- #751
- Jul 23, 2010 8:29pm Jul 23, 2010 8:29pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
not as good looking as you guys' but here goes my 5 sec trades on GJ and EJ. 1.5% each, 3.0% in total. combined with the previous GJ trade on 30 sec, total for today is 4.5%
you go buddy kill the 5 seconds charts
have you ever trade using your ipod touch?
- #753
- Jul 23, 2010 11:08pm Jul 23, 2010 11:08pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
play around with the 2 priceline setting : 10 pips, 6 pips 4 pips or even bigger, your call -
http://img441.imageshack.us/img441/1584/magictrader.png
http://img441.imageshack.us/img441/1584/magictrader.png
- #754
- Jul 23, 2010 11:10pm Jul 23, 2010 11:10pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #755
- Jul 23, 2010 11:15pm Jul 23, 2010 11:15pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #756
- Jul 23, 2010 11:19pm Jul 23, 2010 11:19pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #757
- Jul 23, 2010 11:24pm Jul 23, 2010 11:24pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #758
- Jul 23, 2010 11:26pm Jul 23, 2010 11:26pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
hey, where can i get him? what do you feed him with?
He sleeps when the price is going to go down, and he's runs around when the price is going to go up.
He's only ever predicted shorts for me... I don't know why!!
