Oh my old bones... Did you hear it creak?
Not sure if they want to work for less than 10 pips a trade... LOL
i meant it should be good for 50 pips. i hope.
to me... that's scalping. lol
GBP/JPY, GBP/USD, and EUR/USD (technical analysis)
- #782
- Apr 21, 2011 3:45pm Apr 21, 2011 3:45pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
didn't mean 10 pips... that's crazy...
i meant it should be good for 50 pips. i hope.
to me... that's scalping. lol
Are we talking about the same thing here? If yes, you must share your secret.
Make your losses in demo. Earn your profits live.
- #783
- Apr 21, 2011 3:54pm Apr 21, 2011 3:54pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
50 pips for scalping??
If yes, you must share your secret.
depending on the market condition. gotta reduce the target if it comes to that.
pandora box is greedier than i am... he occasionally does 1000+.
last trade pandora made was about 4000+
he got in at the bottom of geppy 119. disappeared for about 6 months. rode all the way up to 163.
- #784
- Apr 21, 2011 3:59pm Apr 21, 2011 3:59pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
no secret... i usually aim geppy for 200 ~ 300+ per trade...
depending on the market condition. gotta reduce the target if it comes to that.
For me I ususally open and close positions the same day. Usually I can make about 40 pips a trade but for the last few days even that's not possible.
300+ pips, that's good pipping!!
Make your losses in demo. Earn your profits live.
- #785
- Apr 21, 2011 4:07pm Apr 21, 2011 4:07pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Well, 300+ per trade is hard to do intraday nowadays given that on some days, the intraday range is only 50 pips unless you hold positions overnight.
For me I ususally open and close positions the same day. Usually I can make about 40 pips a trade but for the last few days even that's not possible.
300+ pips, that's good pipping!!
if there is trend to be identified, it becomes little easier.
price moves in clusters. buy or sell at the cluster if opportunity is given.
take partial at the other end of the cluster, do the samething over and over.
will give you an example over the weekend, i think it was the beginning of the year... lost count on pipage. but i had some good trades in 1 wave cycle. not sure if we are going to have the same market condition. euro's recent up move also had very similar market behavior.
if we get stuck in range, that's where i get in trouble with this beast.
- #786
- Apr 21, 2011 4:12pm Apr 21, 2011 4:12pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
yes, that's why identifying trend is very important.
if there is trend to be identified, it becomes little easier.
price moves in clusters. buy or sell at the cluster if opportunity is given.
take partial at the other end of the cluster, do the samething over and over.
will give you an example over the weekend, i think it was the beginning of the year... lost count on pipage. but i had some good trades in 1 wave cycle. not sure if we are going to have the same market condition. euro's recent up move also had very similar market behavior.
if we...
Make your losses in demo. Earn your profits live.
- #787
- Apr 21, 2011 4:15pm Apr 21, 2011 4:15pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
See that's my trouble. It's not the entry; It's my exit. I can identify the trend now but I don't know when it's going to end. I either exit too soon or too late and that's limiting my pips. I exit too soon thinking it's ranging when it actually trends and then I exit too late thinking it's going to trend but it actually ranges. Lost so much pips in there.
some of the positions, you can't avoid exiting too soon sometimes. but most times, if you stick to the plan, it tend to work out if it trends.
- #788
- Apr 21, 2011 4:18pm Apr 21, 2011 4:18pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
will post something over the weekend, i think it's something it can help you.
Have a good Easter!
And good pipping always!
Make your losses in demo. Earn your profits live.
- #789
- Apr 21, 2011 4:29pm Apr 21, 2011 4:29pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Will be looking forward to it. Much appreciated. It's been great talking to you.
Have a good Easter!
And good pipping always!
- #790
- Apr 21, 2011 6:04pm Apr 21, 2011 6:04pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
ı'm a noob.
just want to share.
good trading..
you have my vouch...
- #792
- Apr 21, 2011 7:39pm Apr 21, 2011 7:39pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Hey PK,
if you get a chance...watch the show Goldman Sachs on...
- #793
- Apr 21, 2011 8:34pm Apr 21, 2011 8:34pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
Hey PK,
if you get a chance...watch the show Goldman Sachs on CNBC right now..
Saw it a few times..Very interesting.,
the way they hire and train their people.,
one day CEO planned a meeting Friday night 5 pm ..3 days before a long weekend Memorial Day..then CEO came 5 hours late around 10 pm .. just stayed a few mins ..told everybody I wanted to test your patience..you need to learn how to wait for people more important than you!!
One day you'll work for a billionaire and he will make you wait hours in the lobby..:-)
Then the guy left.. the...
Make your losses in demo. Earn your profits live.
- #794
- Apr 21, 2011 9:39pm Apr 21, 2011 9:39pm
- | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
- #798
- Apr 22, 2011 2:58am Apr 22, 2011 2:58am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
no london and ny. tokyo closes in about an hour.
i don't see selling for hs to play out, imo.
- #799
- Apr 22, 2011 3:23am Apr 22, 2011 3:23am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
would it be possible to have a fall to 122 on GJ ? I mean breaking the 131.3X level in 2 weeks time (actually 12 trading days)and from that point a share 900 pips down ? testing again the 122 level ?