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EURUSD

  • #303,941
  • Oct 11, 2010 12:13am Oct 11, 2010 12:13am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting T@rantula
entry around 3950 t/p 4000. Other picture shows us a perfect trending for EU pair on h4 TF, respecting 30 sma.
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u entering long now????/3950
  • #303,942
  • Oct 11, 2010 12:15am Oct 11, 2010 12:15am
I'm not so conviced about the upside. I wont rule it out but would like to see a hourly close above 3995. Otherwise a test of 3908 would not surprise me either. In fact I just went short at 3943, tp 3913, sl 3985
Look Sharp/Trade Tight
  • #303,943
  • Oct 11, 2010 12:17am Oct 11, 2010 12:17am
Quoting The Fool
Mr Hatch, I feel your pain. If you are going to scalp you must know your market and do it at the times when the scalping is good. You can scalp inside and out of your swing & position trades. Know your physical/emotional/mental limits for scalping and use it in moderation or it will burn you out and waste your account.

But a trader should be able to scalp, just like a good pitcher needs to be able to throw something besides a fastball. Unless he's a knuckleballer, and, then, well, damn - but those dudes are pretty rare. I know you're german &...

Great advice there fool and an excellent ' turn of phrase' as per the norm with you....btw what the hell is a knuckleballer?.
  • #303,944
  • Oct 11, 2010 12:19am Oct 11, 2010 12:19am
gap closed
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,945
  • Oct 11, 2010 12:20am Oct 11, 2010 12:20am
Quoting PayTheLimit
In fact I just went short at 3943, tp 3913, sl 3985
revise to 3923 tp...
Look Sharp/Trade Tight
  • #303,946
  • Oct 11, 2010 12:22am Oct 11, 2010 12:22am
3937 should be a strong support lets wait and see
  • #303,947
  • Oct 11, 2010 12:22am Oct 11, 2010 12:22am
Quoting The Fool
Mr Hatch, I feel your pain. If you are going to scalp you must know your market and do it at the times when the scalping is good. You can scalp inside and out of your swing & position trades. Know your physical/emotional/mental limits for scalping and use it in moderation or it will burn you out and waste your account.

But a trader should be able to scalp, just like a good pitcher needs to be able to throw something besides a fastball. Unless he's a knuckleballer, and, then, well, damn - but those dudes are pretty rare. I know you're german &...
Scalping in my eyes is 5-10 pips profit working of m1/m5. If the range, like uCad, is ~800 pips, you can get some very nice swing trades in a ranging market. It really depends what timeframe you work from.
  • #303,948
  • Oct 11, 2010 12:22am Oct 11, 2010 12:22am
Good morning.
Autochartist alert.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex 2010-10-11 10.20.jpg Size: 49 KB
If you're not part of the solution then you're part of the problem.
  • #303,949
  • Oct 11, 2010 12:23am Oct 11, 2010 12:23am
Quoting gatorinla
look for respect at levels. #1 yellow #2 red lines.......
same chart with part of #3 visible. #1 is complete (yellow levels) but they still are strong.
Attached Image
those who can, do. those who cant, talk about those who can
  • #303,950
  • Oct 11, 2010 12:24am Oct 11, 2010 12:24am
Quoting The Fool
Mr Hatch, I feel your pain. If you are going to scalp you must know your market and do it at the times when the scalping is good. You can scalp inside and out of your swing & position trades. Know your physical/emotional/mental limits for scalping and use it in moderation or it will burn you out and waste your account.

But a trader should be able to scalp, just like a good pitcher needs to be able to throw something besides a fastball. Unless he's a knuckleballer, and, then, well, damn - but those dudes are pretty rare. I know you're german...
i have two tasks to fulfill, before i consider scalping again. 1) get confident with the "system" i have set up and 2) develop the patience to stick to it.
these last weeks' pa didn't really help with those 2, because pa didn't deliver the opportunity to put both to a test.
i trade via oanda and still have the scalping setup on my chart, which was the first one i ever put onto it. i'll be back, but to me the other 2 are more important at the moment.

when i get that elliott-thingy into my head, things might become much easier. it delivers so many opportunities on a silver plate, it hurts.
  • #303,951
  • Oct 11, 2010 12:24am Oct 11, 2010 12:24am
Quoting siboy
Great advice there fool and an excellent ' turn of phrase' as per the norm with you....btw what the hell is a knuckleballer?.
http://en.wikipedia.org/wiki/Knuckleball

hard to throw, hard to read, hard to hit, hard to catch
"If The Fool persists in his Folly he will become wise." - William Blake
  • #303,952
  • Oct 11, 2010 12:25am Oct 11, 2010 12:25am
Quoting The Fool
Arrrgh that's the spirit!

However, I am flat. Took 15 pips from Frankie & that'll do. Gotta be up early. Best of luck & trade safe.
Very good! I'll catch up with you later! Happy trading.
  • #303,953
  • Oct 11, 2010 12:25am Oct 11, 2010 12:25am
Quoting DMA Trader
gap closed
Not on my charts... I have 1.3932 and the closing price on Friday was 1.3925 and it is itching to touch the 200ma on m15
  • #303,954
  • Oct 11, 2010 12:28am Oct 11, 2010 12:28am
Quoting jet4x
u entering long now????/3950
Yes I have entered a long. Going with a flow. Just take a look at those charts. Its all written in there. When I notice crossovers of SMAs on higher TFs that would mean exaustion of the trend. EU is perfectly bouncing off 30 SMA not reaching dynamic support zone of 50 SMA.
  • #303,955
  • Oct 11, 2010 12:29am Oct 11, 2010 12:29am
Quoting gatorinla
same chart with part of #3 visible. #1 is complete (yellow levels) but they still are strong.
very impresive magenta color on the chart...
The Market pays you to be disciplined
  • #303,956
  • Oct 11, 2010 12:31am Oct 11, 2010 12:31am
Quoting bbakker
Still LOL.

We will get to target 1 in the next hour... he hopes... LOL
It took 18 minutes... LOL!

I am orf to work... next target 1.3850, but we need to break 1.3900 to get there of course! Wish you success with your trading!
  • #303,957
  • Oct 11, 2010 12:35am Oct 11, 2010 12:35am
Quoting bbakker
It took 18 minutes... LOL!

I am orf to work... next target 1.3850, but we need to break 1.3900 to get there of course! Wish you success with your trading!
you were right with supply at 1.4 last night.
there were eur's for everyone.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,958
  • Oct 11, 2010 12:36am Oct 11, 2010 12:36am
Quoting PayTheLimit
In fact I just went short at 3943, tp 3913, sl 3985
tp 3923, sl 3965. I'd like to see the market stay under 3955 on the hourly close
Look Sharp/Trade Tight
  • #303,959
  • Oct 11, 2010 12:37am Oct 11, 2010 12:37am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
im short....looking for 3913....hope it makes...
  • #303,960
  • Oct 11, 2010 12:40am Oct 11, 2010 12:40am
Quoting Mr Hatch
because it has just respected the mid of this last move. target is at 4055.
i seriously want to abandon the scalping, for health's and my account's sake.
Hi, for shorting stay under the last high 1.4029 as entry.

If you go over that high, you will play the scenario of the triangle.

But it might unlikely, that it will run that high
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