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  • #422,541
  • Apr 15, 2011 12:16pm Apr 15, 2011 12:16pm
Quoting apt
must be awful to be sitting infront of your computer all day
Do you trade the daily?
  • #422,542
  • Apr 15, 2011 12:17pm Apr 15, 2011 12:17pm
Quoting gatorinla
its not a formation such as a flag.. its a level with a open. i don't know anyone who trades on flags alone. you mentioned candles. its part of candle trading. one of the most important parts to use with candles.
Mate, I was referring you to that setup because it actually is an exception to the rule you're stating. If you can read the chart you'll see what I mean. Week's not finished yet anyway, so let's see where it closes first.
  • #422,543
  • Apr 15, 2011 12:18pm Apr 15, 2011 12:18pm
Quoting apt
must be awful to be sitting infront of your computer all day
been doing it for years. i love it. i can work 3 hours a day or 10 or not at all.
  • #422,544
  • Apr 15, 2011 12:20pm Apr 15, 2011 12:20pm
Quoting w1nner
My initial entry point is there but I would not short from here seeing the M5 chart..
s became r and it was a psych level. easy scalps for me.
  • #422,545
  • Apr 15, 2011 12:20pm Apr 15, 2011 12:20pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting w1nner
Do you trade the daily?
Depends, I usually make a few trades a day.

My point was, scalping the markets for 30+ trades a day is time consuming and destroys you; regardless of winning or not.
  • #422,546
  • Apr 15, 2011 12:25pm Apr 15, 2011 12:25pm
Quoting fxpreacher
s became r and it was a psych level. easy scalps for me.
How do you mean psych level?
  • #422,547
  • Apr 15, 2011 12:26pm Apr 15, 2011 12:26pm
Quoting gatorinla
this is not an opinion. its on all our charts. we all should consider this.
Thank you Gator
  • #422,548
  • Apr 15, 2011 12:26pm Apr 15, 2011 12:26pm
Quoting apt
Depends, I usually make a few trades a day.

My point was, scalping the markets for 30+ trades a day is time consuming and destroys you; regardless of winning or not.
I aggree I'm already destroyed.. But if you are not here how can you make profit and idenfity the good setups.
  • #422,549
  • Apr 15, 2011 12:28pm Apr 15, 2011 12:28pm
Quoting w1nner
How do you mean psych level?
that explains it.
  • #422,550
  • Apr 15, 2011 12:28pm Apr 15, 2011 12:28pm
Quoting Fudomyo
Mate, I was referring you to that setup because it actually is an exception to the rule you're stating. If you can read the chart you'll see what I mean. Week's not finished yet anyway, so let's see where it closes first.
that's why its mentioned as "keep it in mind"..
we should not have tunnel vision. just because we are long or short. the pair will do what it wants. shorter term a hour close above 4512 is a breakout to me.. this will probably happen before any weekly breakout. if not 4520 is safe..
those who can, do. those who cant, talk about those who can
  • #422,551
  • Apr 15, 2011 12:30pm Apr 15, 2011 12:30pm
Quoting apt
Depends, I usually make a few trades a day.

My point was, scalping the markets for 30+ trades a day is time consuming and destroys you; regardless of winning or not.
i guess you are saying it's emotionally taxing. sure. but so is a 100 pip dd. by the way... the single most successful individual trader in the world is a scalper. I can't imagine doing it any other way.
  • #422,552
  • Apr 15, 2011 12:31pm Apr 15, 2011 12:31pm
Quoting gatorinla
that's why its mentioned as "keep it in mind"..
we should not have tunnel vision. just because we are long or short. the pair will do what it wants. shorter term a hour close above 4512 is a breakout to me.. this will probably happen before any weekly breakout. if not 4520 is safe..
winning quote of the day.
  • #422,553
  • Apr 15, 2011 12:32pm Apr 15, 2011 12:32pm
Quoting Venice
Supply is supply, it matters not how it was formed.
Agree. In terms of candle formations, an indecision candle can easily be continuation or reversal. It doesn't need to close higher. In terms of supply/demand EU can just as easily accumulate sideways or drop to supply to work off an overbought condition. So, neither is mutually exclusive or guaranteed. Lately, we haven't pulled back on a typical retrace pattern for this pair. This week was essentially a box range against key resistance. No breakout, but no real signal for shorts yet either.

Good luck w/ your trades
  • #422,554
  • Apr 15, 2011 12:35pm Apr 15, 2011 12:35pm
Quoting fxpreacher
sold. done. about 80 trades on the day. all green.
and how much pips?
  • #422,555
  • Apr 15, 2011 12:36pm Apr 15, 2011 12:36pm
Quoting Fudomyo
Mate, I was referring you to that setup because it actually is an exception to the rule you're stating. If you can read the chart you'll see what I mean. Week's not finished yet anyway, so let's see where it closes first.
all breakouts including flags have to be broken... its not a flag without a breakout to prove it was a flag. the formation of any shape is null and void if it don't develop.
those who can, do. those who cant, talk about those who can
  • #422,556
  • Apr 15, 2011 12:36pm Apr 15, 2011 12:36pm
Quoting fxpreacher
i guess you are saying it's emotionally taxing. sure. but so is a 100 pip dd. by the way... the single most successful individual trader in the world is a scalper. I can't imagine doing it any other way.
Love this post! Scalping is taxing, sure, like any type of investing. I'm with this guy in that scalping is great. Plus it makes sense. Trading on price movement and behavior is a lot more reliable than trying to guess which way the market moves. None of us are MM's we are at the mercy of the beast.
  • #422,557
  • Apr 15, 2011 12:38pm Apr 15, 2011 12:38pm
Quoting fxpreacher
sold. done. about 80 trades on the day. all green.
congrats.
I used to only scalp when i began trading. Surprisingly I was better in the beginning and got worse the more i learned.

May I ask about your leverage and % SL and PIP SL.

I see 7 sell orders in a row at about 8:30 on your chart, you cover later. Do you add to your Positions when the Market goes against you?
  • #422,558
  • Apr 15, 2011 12:39pm Apr 15, 2011 12:39pm
Major moves has been done ... and brother john has gone ...





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MERCY
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #422,559
  • Apr 15, 2011 12:41pm Apr 15, 2011 12:41pm
Quoting puma1
and how much pips?
that really doesn't matter. it's % gain month over month that counts. additionally the pip amount is small based on account size.
  • #422,560
  • Apr 15, 2011 12:42pm Apr 15, 2011 12:42pm
bbl.. bulls want a min of 4483 weekly close today.. 4473 close will make it cloudy since it was the open for some. below 4456 is for the bears and a little clearer. ...
those who can, do. those who cant, talk about those who can
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