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EURUSD

  • #385,741
  • Feb 13, 2011 7:14pm Feb 13, 2011 7:14pm
DX @ SUPPORT ?
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #385,742
  • Feb 13, 2011 7:18pm Feb 13, 2011 7:18pm
Quoting PriceVolume
We're playing around a tricky area. Put a horizontal line at 3565 on a 4H. Zoom all the way out. Look at the PA that has occurred here in the past. We could dick around this level for quite awhile....or not. Yes, we've been in bear mode, and yes, the weekly looks promising for further bear......but it's not a done deal. Trade safe....
Yup, I've just been playing scalps all night tonight so far... 5 to 10 pips at a time. Price is not very consistent in direction or conviction.
  • #385,743
  • Feb 13, 2011 7:22pm Feb 13, 2011 7:22pm
short GBPUSD @ 1.6074
Trade to enjoy... Money is after!
  • #385,744
  • Feb 13, 2011 7:24pm Feb 13, 2011 7:24pm
Quoting gatorinla
at be atm.. but will cancel if we look toppy next time we get here. sl will still be tight.
back to 3530.. looks like a holder.. if we break 3466 i will.. at least to 3386
those who can, do. those who cant, talk about those who can
  • #385,745
  • Feb 13, 2011 7:25pm Feb 13, 2011 7:25pm
Quoting Venice
Yup, I've just been playing scalps all night tonight so far... 5 to 10 pips at a time. Price is not very consistent in direction or conviction.
how do you do it? just out of curiosity. i was only able to take 1 trade.
  • #385,746
  • Feb 13, 2011 7:27pm Feb 13, 2011 7:27pm
sold [email protected]
  • #385,747
  • Feb 13, 2011 7:28pm Feb 13, 2011 7:28pm
Quoting pkimnyc
how do you do it? just out of curiosity. i was only able to take 1 trade.
I just try and follow price. If it's going up, buy the dips, if it's going down sell the rallies. At this point, it would have probably been better just to hold through the noise though.
  • #385,748
  • Feb 13, 2011 7:32pm Feb 13, 2011 7:32pm
Quoting Venice
I just try and follow price. If it's going up, buy the dips, if it's going down sell the rallies. At this point, it would have probably been better just to hold through the noise though.
damn... guess need more practice.... don't you get nervous?
how do you know if your following real direction? not the retrace?
  • #385,749
  • Feb 13, 2011 7:36pm Feb 13, 2011 7:36pm
Quoting pkimnyc
damn... guess need more practice.... don't you get nervous?
how do you know if your following real direction? not the retrace?
This is always an ever growing learning... I am not where near as good as a lot of the folks on this board.

But nervous? No, I don't leverage my trades to unreasonable amounts... I could loose 100 trades in a row and i'd still be here ready to go.

Although, I must say I would be slightly annoyed. lol

Direction... decided by swing highs/swing lows. If it's just a retrace, the next swing high should generally be higher then the previous.

See, e/u on the 5m just made a new lower swing high, so now I am looking at shorts.

Nothing is ever full proof, and I have been known to be wrong quite a bit... lol

If we end up making a new high, then I was wrong, close the trade and move on.
  • #385,750
  • Feb 13, 2011 7:41pm Feb 13, 2011 7:41pm
Quoting Venice
This is always an ever growing learning... I am not where near as good as a lot of the folks on this board.

But nervous? No, I don't leverage my trades to unreasonable amounts... I could loose 100 trades in a row and i'd still be here ready to go.

Although, I must say I would be slightly annoyed. lol

Direction... decided by swing highs/swing lows. If it's just a retrace, the next swing high should generally be higher then the previous.

See, e/u on the 5m just made a new lower swing high, so now I am looking at shorts.

Nothing...
thanks.
  • #385,751
  • Feb 13, 2011 7:47pm Feb 13, 2011 7:47pm
I tell you, a nice 100 pip drop would be a great gift right now. Falling asleep at the wheel.
  • #385,752
  • Feb 13, 2011 7:50pm Feb 13, 2011 7:50pm
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  • #385,753
  • Feb 13, 2011 7:51pm Feb 13, 2011 7:51pm
Long USD/CAD .. seem very attractive now .....
  • #385,754
  • Feb 13, 2011 7:52pm Feb 13, 2011 7:52pm
Quoting redsword11
Attachment
Master red sold, always a good thing to have a view inline with this guy!!
  • #385,755
  • Feb 13, 2011 7:53pm Feb 13, 2011 7:53pm
Quoting Venice
Master red sold, always a good thing to have a view inline with this guy!!

good to know .... avg shorted @ 1.3547
  • #385,756
  • Feb 13, 2011 7:54pm Feb 13, 2011 7:54pm
LOL. 200 MA in the way on the 5m chart...

I think it was Magix talking about those imaginary lines that don't seem to affect price??
  • #385,757
  • Feb 13, 2011 7:54pm Feb 13, 2011 7:54pm
Quoting aarontdang
Long USD/CAD .. seem very attractive now .....

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in


stops @ 0.98461 tiny risk
  • #385,758
  • Feb 13, 2011 7:55pm Feb 13, 2011 7:55pm
Quoting pkimnyc
how do you do it? just out of curiosity. i was only able to take 1 trade.
I'm not a scalper, but if I were, here's one way I might do it: trade the slope of this line. It's the one I showed before, and it's a variety of a Gaussian filter. John Ehlers has some papers on them.

By my count, depending on the threshold of the slope, and just when in the 1M the slope changed (not shown), there might have been as many as 6, or as few as 2 trades. The last one would have been around 21:35CST, at around 43.

Not recommending this filter, nor this technique, but just a thought.
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  • #385,759
  • Feb 13, 2011 8:00pm Feb 13, 2011 8:00pm
Now we retrace again for more shorty opportunity, eye on 3543 and 3540 to adjust bias.

One of these days, I need to just stay up for london trading. It must be nice when price actually moves in a consistent direction. lol

(or just moves)
  • #385,760
  • Feb 13, 2011 8:00pm Feb 13, 2011 8:00pm
Quoting OldQuant
I'm not a scalper, but if I were, here's one way I might do it: trade the slope of this line. It's the one I showed before, and it's a variety of a Gaussian filter. John Ehlers has some papers on them.

By my count, depending on the threshold of the slope, and just when in the 1M the slope changed (not shown), there might have been as many as 6, or as few as 2 trades. The last one would have been around 21:35CST, at around 43.

Not recommending this filter, nor this technique, but just a thought.
i still only see 1 potential trade from this chart. lol. guess i'm not cut out for this.
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