I scalp on daily! 
- #393,722
- Feb 22, 2011 5:11pm Feb 22, 2011 5:11pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
Busy managing scalps left and right but here are my longterm trades including EU. To me the inverse head and shoulders on 4hr is complete and we can now watch patiently for a higher move up.
- #393,723
- Feb 22, 2011 5:12pm Feb 22, 2011 5:12pm
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #393,724
- Feb 22, 2011 5:12pm Feb 22, 2011 5:12pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
short 1.3702
I have been really impressed with your scalping skills here. My question is... what do you use for confirmation for your levels?
I also had 3702 as a level to watch and rode it up to it.
I seem to play towards the levels that you play against. I won't go short here until I am sure price is going to want to head back down.
However, do you just place a nice r:r ratio on these levels that have a high probability of reversing? Just curious! Good luck with the current trade!
- #393,725
- Feb 22, 2011 5:13pm Feb 22, 2011 5:13pm
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #393,728
- Feb 22, 2011 5:14pm Feb 22, 2011 5:14pm
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #393,729
- Feb 22, 2011 5:14pm Feb 22, 2011 5:14pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
for those that are interested daily oil chart .. and euro in grey
they are 100 % correlated
they are 100 % correlated
Blogging daily now at www.volume.zone
- #393,731
- Feb 22, 2011 5:17pm Feb 22, 2011 5:17pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
add short 1.3710
I really don't have much in the way down to 3672.
- #393,732
- Feb 22, 2011 5:18pm Feb 22, 2011 5:18pm
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #393,734
- Feb 22, 2011 5:18pm Feb 22, 2011 5:18pm
If you are starting trading live, please use micro lots. No sense in giving all your money to the markets right off the bat.
This story is always the same for everyone.
Person learns about trading, thinks they can master it in no time what so ever. Few months in, they start trading live (if they didn't start off live in the first place). Does good for a while out of pure luck... then slowly watches his account get eaten alive.
Think of it in terms of a career. How many people start off their career with no college, no training and are absolutely...
Forex is just like any other career , you need to treat it as a real business and before trying to master trading skills , try to master yourself especially your emotions first
. About my story in short , in my first trading month , I traded my live account and turned from 196$ >>> 10000$ , it's quite big but I'm telling my real experience ( Levelrage 1:500 ) , and then on next months , I lost around 1000-2000$ monthly until I sent back most of profits to the market
. I could not forget the feeling when I was watching my margin call Level = 15% ( will be called at 10% ) .......lol , it's gambling feeling , not a trader I think . Forex is something about how to losing successful , not about winning as much as possible
. If you want to get rich quickly with forex , forget it or change it to "get rich slowly " Regards
- #393,736
- Feb 22, 2011 5:20pm Feb 22, 2011 5:20pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #393,740
- Feb 22, 2011 5:24pm Feb 22, 2011 5:24pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!