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  • #404,561
  • Mar 10, 2011 2:48pm Mar 10, 2011 2:48pm
Quoting wormboy
beauty

catch you later mate, good luck everyone!

I am just about finished too, too many muppets about. Want to eyeball the hourly.
  • #404,562
  • Mar 10, 2011 2:49pm Mar 10, 2011 2:49pm
Quoting wormboy
but everyone is always out at BEP. You & I are screwed
take a look at various java-platforms. they allow you to move to be +0.2 if needed as soon price is moving in the direction of the trade. mt4 requires a 10 pip distance if I remember correctly... who would scalp with that?
  • #404,563
  • Mar 10, 2011 2:49pm Mar 10, 2011 2:49pm
Quoting cloggie
I am just about finished too, too many muppets about. Want to eyeball the hourly.
Sorry, but you see things...
  • #404,564
  • Mar 10, 2011 2:50pm Mar 10, 2011 2:50pm
Quoting wormboy
beauty

catch you later mate, good luck everyone!

enjoy bro
  • #404,565
  • Mar 10, 2011 2:50pm Mar 10, 2011 2:50pm
Quoting cloggie
In trading you better get used to it, this ain't a charity, you need to be selfish and ruthless. Take no prisoners. The best traders on the floor are the biggest @rseholes.
oh, I promise, I am... all of the above.
  • #404,566
  • Mar 10, 2011 2:53pm Mar 10, 2011 2:53pm
I don't know what the hell i'm doing now ...
lolz ...

I just went Long on GBP/USD, AUD/USD and EUR/USD...
Just want to get some PIPS on retrace ....
  • #404,567
  • Mar 10, 2011 2:54pm Mar 10, 2011 2:54pm
cloggie, im on the wrong side of this EOD scalp?
  • #404,568
  • Mar 10, 2011 2:55pm Mar 10, 2011 2:55pm
Quoting detailas
Big C. I have great respect to you as a trader and, (to put it politely) "How in the name of Zeus' butt hole did you come with the 3770-3790 levels few days ago? I am very impressed & curious to know. Kindly elaborate. This newbie appreciates your kind reply!

George
i put up a rough sketch for you... two boxes, break one, target the opposite edge. finetune this, and you'll see awesome things happening to your account.
you can do it on just any timeframe.
Attached Image (click to enlarge)
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  • #404,569
  • Mar 10, 2011 2:55pm Mar 10, 2011 2:55pm
Quoting fldash
cloggie, im on the wrong side of this EOD scalp?

You long? You're ok, you will get a bit of a bounce of 68 on the hourly rally here, keep that stop tight, move it to BE quickly and see where you end up.
  • #404,570
  • Mar 10, 2011 2:56pm Mar 10, 2011 2:56pm
Quoting aarontdang
I don't know what the hell i'm doing now ...
lolz ...

I just went Long on GBP/USD, AUD/USD and EUR/USD...
Just want to get some PIPS on retrace ....
With all respect, don't be sucked into the 'revenge trading'. The time of the day does not help.
  • #404,571
  • Mar 10, 2011 2:57pm Mar 10, 2011 2:57pm
Quoting cloggie
You long? You're ok, you will get a bit of a bounce of 68 on the hourly rally here, keep that stop tight, move it to BE quickly and see where you end up.
ya, im long, stop already at BE+2 (so 2 pip guarantee)....
  • #404,572
  • Mar 10, 2011 2:58pm Mar 10, 2011 2:58pm
Quoting detailas
Big C. I have great respect to you as a trader and, (to put it politely) "How in the name of Zeus' butt hole did you come with the 3770-3790 levels few days ago? I am very impressed & curious to know. Kindly elaborate. This newbie appreciates your kind reply!

George

The first step is to always look for a reason to continue and find what could be the next hurdle on the higher TF's. I have target that I set on Sunday for each day as part of the journey, loads of if-then-if's.

How I come up with the exact number is not something that can be covered in one post, it has taken me years to be able to do this and it is somomething that you have to learn and research by yourself.
  • #404,573
  • Mar 10, 2011 3:00pm Mar 10, 2011 3:00pm
Quoting fldash
ya, im long, stop already at BE+2 (so 2 pip guarantee)....

No prob, you do need to do some soulsearching into what kind of trader you want to be. 80% of my trades are with the trend and I will only trade the obvious bounces in a CT. Today, 87% of my EU trades were short and every single one of them was in profit. Of the counter trades since midnight GMT, I only won 80%

Go back over every single one of your trades and research what suits you best, then stick with it.
  • #404,574
  • Mar 10, 2011 3:00pm Mar 10, 2011 3:00pm
Closed +8 flat... see you guys tomorrow.
  • #404,575
  • Mar 10, 2011 3:03pm Mar 10, 2011 3:03pm
Quoting fldash
Closed +8 flat... see you guys tomorrow.

Not bad for a high risk trade. Do your research, know what kind of trader you are based on your trading history.
  • #404,576
  • Mar 10, 2011 3:03pm Mar 10, 2011 3:03pm
Quoting cloggie
No prob, you do need to do some soulsearching into what kind of trader you want to be. 80% of my trades are with the trend and I will only trade the obvious bounces in a CT.

Go back over every single one of your trades and research what suits you best, then stick with it.
Agreed. CT is not my style, I've been burned by it before even with stops... One of my problems is always wanting to be in a moving market. If its moving and I'm not in, I get ancy... Gotta correc that first.
  • #404,577
  • Mar 10, 2011 3:04pm Mar 10, 2011 3:04pm
Quoting aarontdang
I don't know what the hell i'm doing now ...
lolz ...

I just went Long on GBP/USD, AUD/USD and EUR/USD...
Just want to get some PIPS on retrace ....
Just wait 2 hour again before going long .. I've go a nice Butterfly on H4 but validated in 2 hours only ... (or not... )
  • #404,578
  • Mar 10, 2011 3:05pm Mar 10, 2011 3:05pm
Quoting fldash
Agreed. CT is not my style, I've been burned by it before even with stops... One of my problems is always wanting to be in a moving market. If its moving and I'm not in, I get ancy... Gotta correc that first.

Not being in a cr@p trade is a trade as it preserves your capital to find the right trade that suits your personality and strategy. Never ever look for a reason to reverse as a trendtrader, always look for reasons for price to continue.
  • #404,579
  • Mar 10, 2011 3:07pm Mar 10, 2011 3:07pm
Quoting cloggie
Not being in a cr@p trade is a trade as it preserves your capital to find the right trade that suits your personality and strategy. Never ever look for a reason to reverse as a trendtrader, always look for reasons for price to continue.
Trading my 2.5c/pip lots I'm up $5 over the last two weeks... 200pips, not bad, but could be better.
  • #404,580
  • Mar 10, 2011 3:08pm Mar 10, 2011 3:08pm
Again, the EU debt problem as the official reason for the correction...in a few days it will be something else for the next leg up. What this all has in common is this....its all BS. We are in a bull market, friends and you cant talk it away. 1.4300 next, no way around it.
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