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  • #432,001
  • Apr 29, 2011 9:33am Apr 29, 2011 9:33am
Quoting Hda
PipChick: Shhhhhhhh!!!!!!
LOL ohhhhhhh sorry
  • #432,002
  • Apr 29, 2011 9:34am Apr 29, 2011 9:34am
Quoting kill56
Kill56: respect is due to you sir
  • #432,003
  • Apr 29, 2011 9:37am Apr 29, 2011 9:37am
Hello all.

Things are too noisy today, they wouldn't agree on even 10p at a time, randomly up and down, in a tight range, don't like to battle against HFTs. After being whipsawed two times trying to following that mess, I decided to do what can become too risky to do in trendier times (and what I am still permitted to do) - I went long and short at the supposed pivot and scalped the biatch in both directions - for two times the profit after random ups and downs.

Hedging is greatly effective in these situations, it allows you to stay cool.
But it is still possible to trade that mess without it, and not riskier, though only for half the profit and requiring patience - just wait till it comes by eventually again, don't try to chase it, I don't see larger price changes coming today, as they cannot agree on it. I'm watching out for upper and lower level break though, Ben is about to speak soon, so we know the likely direction.

  • #432,004
  • Apr 29, 2011 9:40am Apr 29, 2011 9:40am
Quoting Hda
Paul1: Scalp - Sell the top 1.4880 and buy the bottom 1.4830 for 40 pips in between
Ok, I will seeing as there is no direction at moment .

get in as close to top stop above.
same close to bottom
making green pips large and red pips small this is my goal.
  • #432,005
  • Apr 29, 2011 9:41am Apr 29, 2011 9:41am
Ahhhh, all is good, isn't it?

http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
  • #432,006
  • Apr 29, 2011 9:42am Apr 29, 2011 9:42am
Most unreliable last leg down running , , ready this time buy at or near end .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #432,007
  • Apr 29, 2011 9:43am Apr 29, 2011 9:43am
Bernake's speech for usd/jpy gonna be at 12.30 p.m . What would be the impact on Eur/usd?
  • #432,008
  • Apr 29, 2011 9:44am Apr 29, 2011 9:44am
Quoting paul1
Ok, I will seeing as there is no direction at moment .

get in as close to top stop above.
same close to bottom
Paul1: Yes - factoring in also your brokers spread if you are going to set limit orders. I prefer limit orders because the computer does the trading. Sometimes as humans, we are too slow to pull the trigger.

So buy at 1.4835 for 40 pips and Sell at 1.4875 for 40 pips keep a stop of 40pips risk reward 1:1
  • #432,009
  • Apr 29, 2011 9:46am Apr 29, 2011 9:46am
Quoting Jagdev
Bernake's speech for usd/jpy gonna be at 12.30 p.m . What would be the impact on Eur/usd?
bet on that, impacts every */USD, USD/* pair.
  • #432,010
  • Apr 29, 2011 9:49am Apr 29, 2011 9:49am
if it carries on like this we will be flatline soon lol.
making green pips large and red pips small this is my goal.
  • #432,011
  • Apr 29, 2011 9:51am Apr 29, 2011 9:51am
Quoting Hda
Paul1: Yes - factoring in also your brokers spread if you are going to set limit orders. I prefer limit orders because the computer does the trading. Sometimes as humans, we are too slow to pull the trigger.

So buy at 1.4835 for 40 pips and Sell at 1.4875 for 40 pips keep a stop of 40pips risk reward 1:1
Thankyou and at my broker limit orders cost next to nothing .
making green pips large and red pips small this is my goal.
  • #432,012
  • Apr 29, 2011 9:51am Apr 29, 2011 9:51am
Quoting Hda
Paul1: Yes - factoring in also your brokers spread if you are going to set limit orders. I prefer limit orders because the computer does the trading. Sometimes as humans, we are too slow to pull the trigger.

So buy at 1.4835 for 40 pips and Sell at 1.4875 for 40 pips keep a stop of 40pips risk reward 1:1
That can be true HDA. I do best when I do not sit and watch the trade. But some of the trades I use, I have to watch the entry for closes of the candles.
  • #432,013
  • Apr 29, 2011 9:52am Apr 29, 2011 9:52am
Quoting PipChick
Anyone making money? I havent traded today but then again, I rarely trade fridays
I scaled out of all my positions for the week but did take two small scalps from 1.4862 short to 1.4850. I wanted to be flat to plan next month. I made over 9% for April but up 65% since Feb 16th all because just swing trading off bigger TFs at good levels.

Cheers I'm for the week you all have a nice weekend.
  • #432,014
  • Apr 29, 2011 9:52am Apr 29, 2011 9:52am
Quoting Hda
Paul1: Yes - factoring in also your brokers spread if you are going to set limit orders. I prefer limit orders because the computer does the trading. Sometimes as humans, we are too slow to pull the trigger.

So buy at 1.4835 for 40 pips and Sell at 1.4875 for 40 pips keep a stop of 40pips risk reward 1:1
Why do you need such a large SL in range-bound trading? If it breaks out of that 35..75, you should better close out quickly. So your risk reward can be much better.
  • #432,015
  • Apr 29, 2011 9:54am Apr 29, 2011 9:54am
Quoting PipChick
That can be true HDA. I do best when I do not sit and watch the trade. But some of the trades I use, I have to watch the entry for closes of the candles.
PipChick: Thats true PC - the close of the candle is very important. Today we have a very defined trading range so limit orders will prevail as a good option.
  • #432,016
  • Apr 29, 2011 9:56am Apr 29, 2011 9:56am
Trend
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  • #432,017
  • Apr 29, 2011 9:56am Apr 29, 2011 9:56am
Quoting disegnosys
I scaled out of all my positions for the week but did take two small scalps from 1.4862 short to 1.4850. I wanted to be flat to plan next month. I made over 9% for April but up 65% since Feb 16th all because just swing trading off bigger TFs at good levels.

Cheers I'm for the week you all have a nice weekend.
Nice job disegnosys You have a nice weekend also
  • #432,018
  • Apr 29, 2011 9:57am Apr 29, 2011 9:57am
Quoting Hda
PipChick: Thats true PC - the close of the candle is very important. Today we have a very defined trading range so limit orders will prevail as a good option.
Makes sense Hda
  • #432,019
  • Apr 29, 2011 9:58am Apr 29, 2011 9:58am
Well everyone have a very nice weekend and next week we will do it all over again
  • #432,020
  • Apr 29, 2011 9:58am Apr 29, 2011 9:58am
Quoting frevd
Why do you need such a large SL in range-bound trading? If it breaks out of that 35..75, you should better close out quickly. So your risk reward can be much better.
Frevd: Sometimes it dips outside of the range and goes right back in, a little room to breathe thats all.
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