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  • #401
  • Jul 12, 2011 3:50am Jul 12, 2011 3:50am
one good trade
Attached Image
  • #402
  • Jul 12, 2011 3:57am Jul 12, 2011 3:57am
Hey srmfx,

really like your style of trading, since 2 weeks i´m trading you style ( a little bit different). And made a good amount of pips.


i`m only trading between 9 and 11 (GMT+2) and enter the trade on the break of the 20 MA, after a big move.
My SL is everytime 5 and my TP 20 and i move sl to BE after 6 pips+
When my TP got hit or i got stopped out 3 times, i`m done for the day

I attached my trades of today
Attached Image (click to enlarge)
Click to Enlarge Name: 12.07.2011.jpg Size: 206 KB
  • #403
  • Jul 12, 2011 6:11am Jul 12, 2011 6:11am
good pippin smrfx,
  • #404
  • Jul 12, 2011 7:36am Jul 12, 2011 7:36am
Quoting Lodge
Hey srmfx,
really like your style of trading, since 2 weeks i´m trading you style ( a little bit different). And made a good amount of pips.
i`m only trading between 9 and 11 (GMT+2) and enter the trade on the break of the 20 MA, after a big move.
My SL is everytime 5 and my TP 20 and i move sl to BE after 6 pips+
When my TP got hit or i got stopped out 3 times, i`m done for the day
I attached my trades of today
Why don't you try to follow the price move with part of the position?
  • #405
  • Jul 12, 2011 7:36am Jul 12, 2011 7:36am
Quoting diceman555
good pippin smrfx,
Thanks diceman555
  • #406
  • Jul 12, 2011 7:37am Jul 12, 2011 7:37am
Hi sm, great trading

Did you find that bottom via correlations? As I trade the charts only I saw a very minor demand level I thought would be broken
  • #407
  • Jul 12, 2011 8:23am Jul 12, 2011 8:23am
Quoting Sim
Hi sm, great trading

Did you find that bottom via correlations? As I trade the charts only I saw a very minor demand level I thought would be broken
EURUSD sold off very aggressively the last few days and the buyers should appear at some level. The price action showed me that bids started to enter the market. I should set bigger target for the position but it was countertrend.
  • #408
  • Jul 12, 2011 8:38am Jul 12, 2011 8:38am
Quoting srmfx
EURUSD sold off very aggressively the last few days and the buyers should appear at some level. The price action showed me that bids started to enter the market. I should set bigger target for the position but it was countertrend.
Good move, yes always best to take whatever countertrend gives. I saw some bullishnes but who woulda thought 90 pips in a straight line up in 15mins! I have much to learn
  • #409
  • Jul 12, 2011 8:49am Jul 12, 2011 8:49am
Quoting srmfx
Why don't you try to follow the price move with part of the position?
Hmm,
You mean to go in with more Positions and hold some of them longer??
  • #410
  • Jul 12, 2011 9:06am Jul 12, 2011 9:06am
Quoting Lodge
Hmm,
You mean to go in with more Positions and hold some of them longer??
Just to hold the positions longer.
  • #411
  • Jul 12, 2011 9:21am Jul 12, 2011 9:21am
Okay thanks for the info, i will give it a try . Have you a clear rule, when to take profit or depends it on your experience??
  • #412
  • Jul 12, 2011 9:27am Jul 12, 2011 9:27am
1st is closed for 5-6 profit, 2nd for 10-15 pips profit. The rest of the position is left with 4-5 pips stop. Then I start to move the stop above/below the swings highs/lows on 1M chart.
  • #413
  • Jul 12, 2011 9:36am Jul 12, 2011 9:36am
Kk, thanks man. I will try it Tomorrow Morning
  • #414
  • Jul 13, 2011 2:58am Jul 13, 2011 2:58am
Good morning everyone,

good day for me,
1st = tp 6+
2nd = tp 15+
3rd = sl 27+
Attached Image (click to enlarge)
Click to Enlarge Name: 13.07.2011.jpg Size: 198 KB
  • #415
  • Jul 13, 2011 3:01am Jul 13, 2011 3:01am
Lodge, this entry was very quick. I've missed it.

Today Asians and ME accounts are pushing the euro up and I'm in scalping mode. Stop was 3.4p profit is 4.8p.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 25 KB
  • #416
  • Jul 13, 2011 3:04am Jul 13, 2011 3:04am
Srmfx,

can you tell us more about your scalping style? Is it based on pure price action?
  • #417
  • Jul 13, 2011 3:06am Jul 13, 2011 3:06am
Quoting srmfx
Lodge, this entry was very quick. I've missed it.
Yeah i dont wait for the close of the candle, i go immediately in on the break of the ema
  • #418
  • Jul 13, 2011 3:32am Jul 13, 2011 3:32am
Quoting Lodge
Yeah i dont wait for the close of the candle, i go immediately in on the break of the ema
So you wait for a pullback below 20 MA and enter long when the price breaks up again?
  • #419
  • Jul 13, 2011 3:33am Jul 13, 2011 3:33am
Quoting cash_machine
Srmfx,

can you tell us more about your scalping style? Is it based on pure price action?
It's not only the entry. The scalping is more about the position management.
  • #420
  • Jul 13, 2011 3:50am Jul 13, 2011 3:50am
Quoting srmfx
So you wait for a pullback below 20 MA and enter long when the price breaks up again?
no, i take the trade when price break the 20 MA first time. I know that my risk then is higher to get stopped out, but in the past i had more trades with a better entry point and most of the time price pushes immediately up/down about 6 pips that i can take my stoploss to breakeven very fast.

Sorry for my english, hope you get my point
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