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  • #283,541
  • Aug 19, 2010 3:11am Aug 19, 2010 3:11am
Still waiting for 82,45 on the dollar index....this level represent 1,2815 about on eurusd.
It should happen today but when...trying a little long to go to this level
COT: The precious data ignored
  • #283,542
  • Aug 19, 2010 3:16am Aug 19, 2010 3:16am
Give it a little time and space - we're trying to break the daily trend line, so expect some fight.
  • #283,543
  • Aug 19, 2010 3:17am Aug 19, 2010 3:17am
Quoting sisse
Nadie sabe, pero tener limites en los charts is a must...
De acuerdo. Pero, sabes que, I'm really just a scalper. But I want to be on the right side of the market, even if the right side only lasts for a few hours. I scalp into every trade @ 0.1-0.2 % of account/pip risked. I take bazillions of 2-pip losers, tons of 3-pip winners, quite a few 20-30 pippers, and occasionally, a 100+ booger like Monday/Tue. That made my month....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #283,544
  • Aug 19, 2010 3:17am Aug 19, 2010 3:17am
Quoting T@rantula
The Psychology of Trading by Brett Steenbarger
Absolutely - great book - along with his others: "Enhancing Trader Performance" and "The Daily Trading Coach".

And for those interested, some time ago I posted a number of Brett's resources and interviews here:

Brett Steenbarger - Trading Psychology Articles & Audio Presentation

Steenbarger on psychology

Enjoy! - because this is the stuff that REALLY matters.
It's the gap for many between great analysis and great profit.

Rob
  • #283,545
  • Aug 19, 2010 3:18am Aug 19, 2010 3:18am
Bear timing was perfect but support too strong
You cannot learn better without losing
  • #283,546
  • Aug 19, 2010 3:19am Aug 19, 2010 3:19am
Quoting T.E.Lawrence
Give it a little time and space - we're trying to break the daily trend line, so expect some fight.
Could be interesting,
  • #283,547
  • Aug 19, 2010 3:21am Aug 19, 2010 3:21am
Better pic
Quoting The Fool
I was long from .2780 when I wrote that, made good pips to .2900. scalped long in yesterday's euro session and that paid. I am just generally expecting risk-off/USD weakness for the whole month. Whether .2735 holds or not, quien sabe?
2725 on my chart but nevertheless one of the best setups for longs. 2939 hasnt been reached and that could expose us to last week lows again. Only above 2939 we could reach 3000 levels where fresh buyers will arise and take this up to 3062-3184

The chart was made on August the 13th, question mark is the area we need to break in order to stay bullish
Attached Image


Better picture quality: http://www.forexfactory.com/showthre...93#post3946293
  • #283,548
  • Aug 19, 2010 3:27am Aug 19, 2010 3:27am
Bears are at 1,2820...so just for scalping purpose i'm trying a long for this level...it will go there slowly until the next move
COT: The precious data ignored
  • #283,549
  • Aug 19, 2010 3:27am Aug 19, 2010 3:27am
Euro 15 M chart has caught my eye.

  • #283,550
  • Aug 19, 2010 3:30am Aug 19, 2010 3:30am
Oh nop. Been there done that. I drop "scalping" years ago. I am not a scalper and not in Forex especially. I do have quick intraday trades in futures (i.e. CL or NG).

However, IMHO I think your approach is very valid. Knowing the "right" side (of course not always easy...), recognizing "bigger" targets and getting out fast (not like the common FF scalping posts of 5 pips TP and stop 20 pips away...) not only improves the results but it's indispensable and make the difference between successful scalper/trader and not.

In any case, congratulation and good luck for the rest of the week.

sisse

Quoting The Fool
De acuerdo. Pero, sabes que, I'm really just a scalper. But I want to be on the right side of the market, even if the right side only lasts for a few hours. I scalp into every trade @ 0.1-0.2 % of account/pip risked. I take bazillions of 2-pip losers, tons of 3-pip winners, quite a few 20-30 pippers, and occasionally, a 100+ booger like Monday/Tue. That made my month....
Pending conversations? PM for a chat...I am mainly in OTM now
  • #283,551
  • Aug 19, 2010 3:30am Aug 19, 2010 3:30am
Going short with a 50 pip stop and a 100 pip TP.

Price 1.27930

TP 1.26930

STOP 1.27430
Timing is everything
  • #283,552
  • Aug 19, 2010 3:31am Aug 19, 2010 3:31am
Quoting priceaction
Absolutely - great book - along with his others: "Enhancing Trader Performance" and "The Daily Trading Coach".


Rob
Those 2 I havent read so far, but thanx for the great addition to my trading knowledge. Ayn Rand once said: I'm working to improve my methods, and every hour I save is an hour added to my life."

T
  • #283,553
  • Aug 19, 2010 3:33am Aug 19, 2010 3:33am
Quoting Gull
Going short with a 50 pip stop and a 100 pip TP.

Price 1.27930

TP 1.26930

STOP 1.27430
Just after I sell it shoots up. Thank goodness for MM
Timing is everything
  • #283,554
  • Aug 19, 2010 3:36am Aug 19, 2010 3:36am
gu is going to be crazy.. Retail sales actual is greater than expectations.. but i dont think so it effected much on euro to take euro to higher..
  • #283,555
  • Aug 19, 2010 3:36am Aug 19, 2010 3:36am
Quoting Astroman
Euro 15 M chart has caught my eye.

I saw a stop hunt at the LO to set up a fat long entry for somebody with inside knowledge of forthcoming good GBP news. I went long before the news with 10-pip sl and took 10 pips.

And now its off to the land of Nod. Good luck traders....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #283,556
  • Aug 19, 2010 3:42am Aug 19, 2010 3:42am
First bricade of bears are at 1.2810 and 2nd at 1.2820.

Even though retails says were good for gbp/usd, it probably does not have too much effect on euro because the big buyer shorted eur/gbp down at the same time, just acting as a lift.

If those pairs get into sync then there is possibility that eur/usd take big move either way.
They think they are smarter than I am.
  • #283,557
  • Aug 19, 2010 3:43am Aug 19, 2010 3:43am
Quoting The Fool
I saw a stop hunt at the LO to set up a fat long entry for somebody with inside knowledge of forthcoming good GBP news. I went long before the news with 10-pip sl and took 10 pips.

And now its off to the land of Nod. Good luck traders....
Have a good sleep. What a difference a good nights sleep make....the charts just seem to speak out at you.
  • #283,558
  • Aug 19, 2010 3:48am Aug 19, 2010 3:48am
Just i have place a sell limit order on 1.2810

i will look
If you now the Way out -- please tell me
  • #283,559
  • Aug 19, 2010 3:48am Aug 19, 2010 3:48am
GU 100 Pips Move on one single candle,,,,,,,,,, and EU resting before news release.........
  • #283,560
  • Aug 19, 2010 3:50am Aug 19, 2010 3:50am
82,46 hit on the dollar index...now we'll see how hourly closes...important close
COT: The precious data ignored
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