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  • #556,921
  • Nov 2, 2011 12:15am Nov 2, 2011 12:15am
Quoting mla
Now, if you scalp for lets say around 20 pips, is it better the market to be ranging or trending? Anyone?

mla
I would think you might prefer a ranging market, but I don't know. Seems like a strong trending market might not provide as many entries as scalpers I know seem to look for.

What's your take on it?
  • #556,922
  • Nov 2, 2011 12:16am Nov 2, 2011 12:16am
Quoting doddy
How to post pics?
When you go to post, click below the post box where it says "Manage Attachments". From there, you can upload pictures.
  • #556,923
  • Nov 2, 2011 12:19am Nov 2, 2011 12:19am
My pics
  • #556,924
  • Nov 2, 2011 12:20am Nov 2, 2011 12:20am
Retry pics
Attached Image (click to enlarge)
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  • #556,925
  • Nov 2, 2011 12:32am Nov 2, 2011 12:32am
Showing pic of the swing between CP and DP and Bobokus fib where it bounce.
Attached Image (click to enlarge)
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  • #556,926
  • Nov 2, 2011 12:34am Nov 2, 2011 12:34am
EU/US
support line around 1.3650
it touch around 3 times
RM
  • #556,927
  • Nov 2, 2011 12:38am Nov 2, 2011 12:38am
Greek confidence vote on Friday...
and we have G20 meeting, Euro zone and US rate decision, and also Non Farm this week...
becareful guys..
expect volatility..

support for Euro I see 1.3650 1.3600
resis 3790....
Patience, Emotion Control and Discipline.
  • #556,928
  • Nov 2, 2011 12:39am Nov 2, 2011 12:39am
Quoting mla
Now, if you scalp for lets say around 20 pips, is it better the market to be ranging or trending? Anyone?

mla
IMHO it is better to have trend on your side.

A range in M15 could provide a swing trend in M1,then u need the M5 to help u determine the trend and trend directions.With it u enter safely in M1.

That is general idea.

But scalping is more than that.
  • #556,929
  • Nov 2, 2011 12:40am Nov 2, 2011 12:40am
Quoting johncen
Greek confidence vote on Friday...
and we have G20 meeting, Euro zone and US rate decision, and also Non Farm this week...
becareful guys..
expect volatility..

support for Euro I see 1.3650 1.3600
resis 3790....
yea Bloomberg tv started QE talk again too
Mohan
  • #556,930
  • Nov 2, 2011 12:46am Nov 2, 2011 12:46am
Quoting factorof2
I would think you might prefer a ranging market, but I don't know. Seems like a strong trending market might not provide as many entries as scalpers I know seem to look for.

What's your take on it?
I agree with you.

In the trending market is more likely to get caught on the wrong side and when you are in profit you should not take your TP but let it run.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #556,931
  • Nov 2, 2011 12:59am Nov 2, 2011 12:59am
I use this to help me visualize trend or range.
Attached Image (click to enlarge)
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  • #556,932
  • Nov 2, 2011 1:00am Nov 2, 2011 1:00am
  • #556,933
  • Nov 2, 2011 1:07am Nov 2, 2011 1:07am
Quoting mohan76
yea Bloomberg tv started QE talk again too
wow again...I expect talks about QE and Euro debts continue in the following year~~

although but these means opportunities to us..
hows trading?~
caught anything lately?~
Patience, Emotion Control and Discipline.
  • #556,934
  • Nov 2, 2011 1:09am Nov 2, 2011 1:09am
Quoting mla
I agree with you.

In the trending market is more likely to get caught on the wrong side and when you are in profit you should not take your TP but let it run.

mla
You can get caught on the wrong side regardless whether the market is trending or ranging. It's just as painful when you are on the wrong side of how the market is ranging. The key is how quickly and with as little loss can you get off the wrong side and possibly get on the right side.

Of course, with the news driven market like today, there is no right side or wrong side. One minute, you are on the right side, the next minute, a news come out and all of sudden, you are on the wrong side.
Make your losses in demo. Earn your profits live.
  • #556,935
  • Nov 2, 2011 1:10am Nov 2, 2011 1:10am
Quoting johncen
wow again...I expect talks about QE and Euro debts continue in the following year~~

although but these means opportunities to us..
hows trading?~
caught anything lately?~
after two days fall i realli expect some upside movement today during london...
3790 an ideal target
probably build some position later if signal comes
Patience, Emotion Control and Discipline.
  • #556,936
  • Nov 2, 2011 1:10am Nov 2, 2011 1:10am
Quoting Forexia
You can get caught on the wrong side regardless whether the market is trending or ranging. It's just as painful when you are on the wrong side of how the market is ranging. The key is how quickly and with as little loss can you get off the wrong side and possibly get on the right side.

Of course, with the news driven market like today, there is no right side or wrong side. One minute, you are on the right side, the next minute, a news come out and all of sudden, you are on the wrong side.
I guess the one good thing about the last couple of days is that all of the news has been bad, so there's only been one good side to be on.
  • #556,937
  • Nov 2, 2011 1:11am Nov 2, 2011 1:11am
I haven't moved this C since I placed it, so if price actually makes it there in the next few minutes I'm going to be really surprised that I was that close, hahahaha.
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  • #556,938
  • Edited 1:42am Nov 2, 2011 1:17am | Edited 1:42am
Morning , so correction still on . waiting how it acts at 3763 ( wave c up & important this level break ) , H1 close price 3735/56 to 3798 , if all ok then target for next important limit 3871.
downside 3671 may test before . anyway , correction is correction till reversal levels have reached & so take care with sl , if fail should be big, no sign yet from other pair , usdchf ok but usdjpy may be readying next action up/intervention if any chance .
Stupwise , It's BEAR at it's last leg up .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #556,939
  • Nov 2, 2011 1:32am Nov 2, 2011 1:32am
dx

now leaving a single runner for eu,au,chf and loonie fade
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  • #556,940
  • Nov 2, 2011 1:34am Nov 2, 2011 1:34am
market has dropped big bricks in two days, unfortunately that means we might have a painful ranging, whiplashing day today, like it usually does. Unless we decide to drop another daily brick....
In other news: A ranger was trapped between a bull and a bear
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