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  • #496,661
  • Jul 21, 2011 8:54pm Jul 21, 2011 8:54pm
Quoting Scalpaholic
I always envy guys who catch big moves because it's been so rare these days for me to get those.
lol. on the flip side to that... though... you ever wonder how many times they are wrong to ride the big moves?
  • #496,662
  • Jul 21, 2011 8:54pm Jul 21, 2011 8:54pm
Quoting egkid
Looks like we got reversal to Up
If so then 1.50 not far

700 pip drop then 500 up how can long term trader like me trade that and how i suppose buliding positions with big moves like this in 2 direction!

What a mess
Hope not many got margin call today if so sorry for that
It's hard to even hit the 200-300 pip trades on the daily chart right now.

I'm sitting on just slightly over 200 pips on cable at the moment, but fawk... as crazy as this has been the stops are already pretty tight. I'm not giving back much more than about 50... it's ridiculous really...
  • #496,663
  • Jul 21, 2011 8:54pm Jul 21, 2011 8:54pm
Q: How u know ur TL is very strong ?
I will tell my opinion with chart And why i was sell the rally
but want see if we have same answer or no
  • #496,664
  • Jul 21, 2011 8:55pm Jul 21, 2011 8:55pm
Quoting Scalpaholic
I always envy guys who catch big moves because it's been so rare these days for me to get those.
If you have a consistent scalping strategy, apply it to the daily chart. A slow or bad trade that is still valid (and positive) will generally be around 30-70 pips.
  • #496,665
  • Jul 21, 2011 8:57pm Jul 21, 2011 8:57pm
Quoting pkimnyc
lol. on the flip side to that... though... you ever wonder how many times they are wrong to ride the big moves?
lol. That's the only thing that's different with me. I sit on the sidelines until I get a solid setup. Candles always lead the way for me.

None of this calling the top crap.
  • #496,666
  • Jul 21, 2011 8:59pm Jul 21, 2011 8:59pm
Quoting Venice
lol. That's the only thing that's different with me. I sit on the sidelines until I get a solid setup. Candles always lead the way for me.

None of this calling the top crap.
didn't mean you. most people... especially the ones with limit orders....
  • #496,667
  • Jul 21, 2011 8:59pm Jul 21, 2011 8:59pm
If weekly close like this above 43 then 48 very possible
I will only just watching with interest tomorrow moves
  • #496,668
  • Jul 21, 2011 9:00pm Jul 21, 2011 9:00pm
Quoting IMARICH1
gator,

we got 91 again.....so is predictive still there?......I still believe we go to atleast 4560 so i am LONG believer before we go SOUTH but that's based on my Daily Fib projection off the 20 MA on Day Chart.....just trying to find a place to BUY into this move as it appears this could all happen tonight and tomorrow...

edit: I took a SHORT @4391 with a tight stop ...
it certainly appears that way.. some bumps ill look for weakness among the way at 4446 anywhere near 4444 area. 4490 4533... but 4504.x posted earlier is the one i like best. 4444 has been a good one for years. just realise we have atm topped at a 50% mark.
those who can, do. those who cant, talk about those who can
  • #496,669
  • Jul 21, 2011 9:00pm Jul 21, 2011 9:00pm
Quoting Venice
If you have a consistent scalping strategy, apply it to the daily chart. A slow or bad trade that is still valid (and positive) will generally be around 30-70 pips.
I used to do this for overnites. I'm not sure why I stopped, it was a pretty successful strategy, averaging 100-120 pips..... Maybe I'll start again....
H4 and H1 agree on direction, take the trade on H1 to the very next s/r, no thinking no nothing... Always have 6 trades on 6 different pairs. Make the SL a little more generous. Wake up in the morning with over 100 pipos. I think I'll start doing it again next week. Oh, put them in at the start of TY.
  • #496,670
  • Jul 21, 2011 9:02pm Jul 21, 2011 9:02pm
Quoting attila
I used to do this for overnites. I'm not sure why I stopped, it was a pretty successful strategy, averaging 100-120 pips..... Maybe I'll start again....
H4 and H1 agree on direction, take the trade on H1 to the very next s/r, no thinking no nothing... Always have 6 trades on 6 different pairs. Make the SL a little more generous. Wake up in the morning with over 100 pipos. I think I'll start doing it again next week.
Yep... generally how I start my swing trades. I know by close the next day whether to lock her down and close her out or get my stops in place and set her free.
  • #496,671
  • Jul 21, 2011 9:03pm Jul 21, 2011 9:03pm
Quoting Venice
lol. That's the only thing that's different with me. I sit on the sidelines until I get a solid setup. Candles always lead the way for me.

None of this calling the top crap.
i don't understand the big deal.. that's exactly what candles are used for. using ma tl ect. do the same. they are for reversals or continuation.. no matter who trys to make you believe different.
those who can, do. those who cant, talk about those who can
  • #496,672
  • Jul 21, 2011 9:08pm Jul 21, 2011 9:08pm
Quoting gatorinla
i don't understand the big deal.. that's exactly what candles are used for. using ma tl ect. do the same. they are for reversals or continuation.. no matter who trys to make you believe different.
I guess what I am referring to is the need to see shown momentum of the actual reversal taking place.

Candles sinking into a supply / demand zone then engulfing out of it no matter which direction.

In essence it is 'calling the bottom' or a top of the current move, but I do have at the very least, temporary momentum on my side... if that makes sense?
  • #496,673
  • Jul 21, 2011 9:08pm Jul 21, 2011 9:08pm
gator...what concerns me more is the 4370 or 4377 area.....big battle there was today.....this may stop it to 54/53
  • #496,674
  • Jul 21, 2011 9:08pm Jul 21, 2011 9:08pm
Quoting Venice
Yep... generally how I start my swing trades. I know by close the next day whether to lock her down and close her out or get my stops in place and set her free.
Another way I was doing for overnites, but this one requires a little more finesse... Put a trade on each TF(from H4 down to M5) of a single pair to the next s/r. I'm getting a little rusty so I have to practice it a little in demo. No SL.... Now Magix is gonna beat the crap outta me... LOL.
  • #496,675
  • Jul 21, 2011 9:09pm Jul 21, 2011 9:09pm
Quoting egkid
Q: How u know ur TL is very strong ?
I will tell my opinion with chart And why i was sell the rally
but want see if we have same answer or no
Any one Interested?
  • #496,676
  • Jul 21, 2011 9:10pm Jul 21, 2011 9:10pm
Looking for this to hold
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 538 KB
Disclaimer: Check your 1m charts
  • #496,677
  • Jul 21, 2011 9:10pm Jul 21, 2011 9:10pm
Quoting egkid
Any one Interested?
sure
  • #496,678
  • Jul 21, 2011 9:11pm Jul 21, 2011 9:11pm
I'm going back to bed now Eg

Catch ya tomorrow

Quoting egkid
Any one Interested?
Disclaimer: Check your 1m charts
  • #496,679
  • Jul 21, 2011 9:11pm Jul 21, 2011 9:11pm
Quoting egkid
Any one Interested?
i don't use tls that much these days....
  • #496,680
  • Jul 21, 2011 9:13pm Jul 21, 2011 9:13pm
Quoting IMARICH1
gator...what concerns me more is the 4370 or 4377 area.....big battle there was today.....this may stop it to 54/53
then long their with a tight stop. you dont need a big ass stop. if it passes your support then you were wrong. admit to yourself you were and get out..
those who can, do. those who cant, talk about those who can
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