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  • #2,221
  • Aug 24, 2011 7:09am Aug 24, 2011 7:09am
First small long @ 29. Will add down to 13, then 00
Stop will be @ 4392.

First point of interest to the upside will be 42.
  • #2,222
  • Aug 24, 2011 7:10am Aug 24, 2011 7:10am
Quoting cloggie
Hmmm, it does look familiar somehow, not sure where I have seen this before......
Thing of beauty. Little patience...bit of MM...bleed the bastard!

Nice
  • #2,223
  • Aug 24, 2011 7:13am Aug 24, 2011 7:13am
Quoting kenfen69
Thing of beauty. Little patience...bit of MM...bleed the bastard!

Nice
Yup, find your reversals, get confirmation, enter the first trade which rarely goes 3-4 pips against me, find your scaling in zones and the risk reward is astronomical, they are usually good for 100-200:1. The one yesterday had a 4 pip risk for 90 pips, on the first trade and roughly 5-6 pips for 40-50 on the next ones.

This is not something for the noobs though, picking tops ain't as easy as I make it look.

Not sure yet where this one is going.
  • #2,224
  • Aug 24, 2011 7:15am Aug 24, 2011 7:15am
Quoting ukdaytrader
First small long @ 29. Will add down to 13, then 00
Stop will be @ 4392.

First point of interest to the upside will be 42.
Im long too Mikey off the 50%. Not a lot of bull HD yet and below 4415-4410 and we may be toast and will have to exit.
Edit: The white horizontal dotted line is the daily open indi and price needs to get back above that.
Attached Image
  • #2,225
  • Aug 24, 2011 7:15am Aug 24, 2011 7:15am
bounced @ 50% of intraday range, european hours and dpp...
  • #2,226
  • Aug 24, 2011 7:18am Aug 24, 2011 7:18am
Quoting FibbinArchie
bounced @ 50% of intraday range, european hours and dpp...
yeah, that's where my 28 TP came from.
  • #2,227
  • Aug 24, 2011 7:19am Aug 24, 2011 7:19am
Quoting attila
yeah, that's where my 28 TP came from.
kewl..
  • #2,228
  • Aug 24, 2011 7:19am Aug 24, 2011 7:19am
Quoting ukdaytrader
First small long @ 29. Will add down to 13, then 00
Stop will be @ 4392.

First point of interest to the upside will be 42.
Closed @ 42. Expect further retrace. +13.
  • #2,229
  • Aug 24, 2011 7:21am Aug 24, 2011 7:21am
Quoting cloggie
Hmmm, it does look familiar somehow, not sure where I have seen this before......
Lol Cloggie since yesterday late afternoon you keep going short/long when I start triggering the opposite.... lol ... US reports will decide this ... GL...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #2,230
  • Aug 24, 2011 7:22am Aug 24, 2011 7:22am
Quoting sisse
Lol Cloggie since yesterday late afternoon you keep going short/long when I start triggering the opposite.... lol ... US reports will decide this ... GL...

sisse
IN this choppy range, there is money to be made both ways.
  • #2,231
  • Aug 24, 2011 7:22am Aug 24, 2011 7:22am
Quoting ukdaytrader
Closed @ 42. Expect further retrace. +13.
If 4426 holds..and thats a BIG if...heres the target:
I will prolly be out before that tho.
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  • #2,232
  • Aug 24, 2011 7:24am Aug 24, 2011 7:24am
Quoting cloggie
Yup, find your reversals, get confirmation, enter the first trade which rarely goes 3-4 pips against me, find your scaling in zones and the risk reward is astronomical, they are usually good for 100-200:1. The one yesterday had a 4 pip risk for 90 pips, not sure yet where this one is going.
Yeah...I like it. Tried to play that one in the most cloggie-like fashion that I assume you do it, without being able to see you killing them. Definitely lucrative! Played with slightly smaller sizes than I would normally, but just made bank!

Here's my previous 24 hours...well...since just before NYC daily roll yesterday, so less than 24, but my daily target period, anyway.

Swung 12 times...hit all 12. 4 of those were longs, too...which I'm trying to do more of. Couple still floating now...undecided on stops. Little above 80 if I don't close sooner, I suppose.

Attached Image (click to enlarge)
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  • #2,233
  • Aug 24, 2011 7:24am Aug 24, 2011 7:24am
Quoting PipChick
If 4426 holds..and thats a BIG if...heres the target:
I will prolly be out before that tho.
yea, well done. Im out of the long. I get suspicious when the bounce is so strong.
You'll have to lend me your kicking boots.
  • #2,234
  • Aug 24, 2011 7:25am Aug 24, 2011 7:25am
Quoting cloggie
IN this choppy range, there is money to be made both ways.
Is definitively a choppy range and I have changed sides 3 times this week ...but its getting annoying ...too much micromanaging...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #2,235
  • Aug 24, 2011 7:26am Aug 24, 2011 7:26am
Quoting chazzle
if we crash through 450 I might join you on a pullback toward that level - would be good if the DP was there also but it aint , it's at 429 , ho hum
well didn't exactly crash but taking it anyway looking toward 410 will call it quits around 470
  • #2,236
  • Aug 24, 2011 7:27am Aug 24, 2011 7:27am
Quoting sisse
Is definitively a choppy range and I have changed sides 3 times this week ...but its getting annoying ...too much micromanaging...

sisse
I agree there cloggie...very annoying! Up..down..up..down!
  • #2,237
  • Aug 24, 2011 7:27am Aug 24, 2011 7:27am
Quoting sisse
Is definitively a choppy range and I have changed sides 3 times this week ...but its getting annoying ...too much micromanaging...

sisse

Another 2 weeks and we will be back to normal service. Can't wait either, normally don't trade a lot during August, a bit of a waste of time, this year it hasn't been too bad, pretty well defined ranges to play of.
  • #2,238
  • Aug 24, 2011 7:27am Aug 24, 2011 7:27am
Quoting cloggie
IN this choppy range, there is money to be made both ways.
That's why drinks should be on attila...playing the bastards both ways!

And he goes to sleep at night!
  • #2,239
  • Aug 24, 2011 7:29am Aug 24, 2011 7:29am
Quoting kenfen69
Yeah...I like it. Tried to play that one in the most cloggie-like fashion that I assume you do it, without being able to see you killing them. Definitely lucrative! Played with slightly smaller sizes than I would normally, but just made bank!

Here's my previous 24 hours...well...since just before NYC daily roll yesterday, so less than 24, but my daily target period, anyway.

Swung 12 times...hit all 12. 4 of those were longs, too...which I'm trying to do more of. Couple still floating now...undecided on stops. Little above 80 if I don't close...

Scaling in properly just means that you are using the Market's money and don't risk any of your own capital, once that first trade is in profit, I use that profit to add to the trade and so on, on good runners I can easily get a scaled in profit of 400-500 pips with zero exposure of my own money. Cloggie's private money printing press.
  • #2,240
  • Aug 24, 2011 7:29am Aug 24, 2011 7:29am
Bearish HD on the 1m TF and a bounce off the 618 fibo retracement.
Who fancies taking that one...?

Edit:
Very small short at 64.
Edit2: Out +3.
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