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  • #21
  • Jul 6, 2011 8:02am Jul 6, 2011 8:02am
We will try to avoid double exposure as possible but if the trade setup is good we can trade that also.

What is exposure? Its a sort of"vulnerability" to a particular currency pair. If u open 2 trades for example EURUSD and EURCHF ur both trades are exposed twice to EUR in the same direction. So if you are short and EUR jumps both trades will lose.

So, correlation between pairs is also an important thing to consider.
  • #22
  • Jul 6, 2011 8:10am Jul 6, 2011 8:10am
Entry @ 4327 18 pip stop @ 4345

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 23 KB


When I scalp, I dont enter on momentum, I always enter on retracement. Also h1 trades.
  • #23
  • Jul 6, 2011 8:14am Jul 6, 2011 8:14am
Already +12

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 23 KB


1/2 closed in 15 mins we will have the spike. Both directions exposed.
  • #24
  • Jul 6, 2011 8:41am Jul 6, 2011 8:41am
4345 holding it. Always good to scale in close to s/l.
  • #25
  • Jul 6, 2011 8:45am Jul 6, 2011 8:45am
Scalping and counting.

Attached Image (click to enlarge)
Click to Enlarge Name: eu33.gif Size: 24 KB


Rule no1. Always enter on a retrace.
  • #26
  • Jul 6, 2011 8:58am Jul 6, 2011 8:58am
How much is that now? Counting.. Eu at 4314 atm
  • #27
  • Jul 6, 2011 9:00am Jul 6, 2011 9:00am
Volatility is the highest 5m before till 5m after 1h rollover.
  • #28
  • Jul 6, 2011 9:02am Jul 6, 2011 9:02am
Stops at BE now. Closing 1/2. Free ride. Thats called trend riding. First out. 2nd at BE. If u know how and where to place s/l, scaling in ( 2nd entry point close to s/l) close to it is cool.
  • #29
  • Jul 6, 2011 9:07am Jul 6, 2011 9:07am
+30 2nd entry now. That was 10 pips risk 1:3 r:r now
  • #30
  • Jul 6, 2011 9:08am Jul 6, 2011 9:08am
Quoting T@rantula
+30 2nd entry now. That was 10 pips risk 1:3 r:r now
Believe me..1:3 is perfect.
  • #31
  • Jul 6, 2011 9:21am Jul 6, 2011 9:21am
Watch RSI guys. Its the best leading indicator ever. Remember..contrary to many opinions i will tell ya. RSI is NOT OB/OS indicator.

RSI range between 60 and 20 is considered BEARISH and between 80 and 40 is bullish. We had a range shift yesterday, Ill post that later.
  • #32
  • Jul 6, 2011 9:24am Jul 6, 2011 9:24am
Quoting T@rantula
How much is that now? Counting.. Eu at 4314 atm
EU at 4288 now. Who mentioned r:r

Remember not every day is like this. When markets are RANGING lower r:r is always a way to go.

My entries as mentioned above 4327 4335 s/l 4345. Enough for me. Remember 1st out 2nd running for 53 pips.
  • #33
  • Jul 6, 2011 9:27am Jul 6, 2011 9:27am
No chart as I'm at work, just subscribing to a super cool thread

Just what ff needs, great job boys
  • #34
  • Jul 6, 2011 9:37am Jul 6, 2011 9:37am
Quoting frankkn
No chart as I'm at work, just subscribing to a super cool thread

Just what ff needs, great job boys
Thanx and welcome
  • #35
  • Jul 6, 2011 12:14pm Jul 6, 2011 12:14pm
just wanted to thank you for starting the thread T, i have been quietly following
your work for some time. now instead of trolling thru the eur/usd looking for your posts i can come here. will try to participate in discussions, post my trades with explanations to why i took the trade.

thanks again and best of luck,

sy
  • #36
  • Jul 6, 2011 12:36pm Jul 6, 2011 12:36pm
Quoting syliss592
just wanted to thank you for starting the thread T, i have been quietly following
your work for some time. now instead of trolling thru the eur/usd looking for your posts i can come here. will try to participate in discussions, post my trades with explanations to why i took the trade.

thanks again and best of luck,

sy
Welcome. A healthy debate is always welcomed Thank you.
  • #37
  • Jul 6, 2011 12:53pm Jul 6, 2011 12:53pm
I like this thread. Is there a way I can be notified when the thread is updated? Thanks.
  • #38
  • Jul 6, 2011 1:07pm Jul 6, 2011 1:07pm
Quoting T@rantula
Watch RSI guys. Its the best leading indicator ever. Remember..contrary to many opinions i will tell ya. RSI is NOT OB/OS indicator.

RSI range between 60 and 20 is considered BEARISH and between 80 and 40 is bullish. We had a range shift yesterday, Ill post that later.
Attached Image (click to enlarge)
Click to Enlarge Name: eushif.png Size: 46 KB


Watch RSI shifting. Blue boxes are bullish zones. We have shifted seamlessly into Bearish zone. That move happened yesterday and RSI shift was the earliest herald. After the move I watched for a negative reversal.
  • #39
  • Jul 6, 2011 1:08pm Jul 6, 2011 1:08pm
Quoting silverhair
I like this thread. Is there a way I can be notified when the thread is updated? Thanks.
Yes, just subscribe to the thread.
  • #40
  • Jul 6, 2011 1:39pm Jul 6, 2011 1:39pm
Thank you.
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