EURUSD

Quoting cloggie

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Thanks buddy, but I am not one for indicators.

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Quoting Tyoon

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How many of you guys use indies for scalping?

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Quoting hindustani

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4 hour eurusd is getting ready for a good dump, love this volatility

sell trades work better than buy trades no matter what your technicals say

the swing up was purely on month end chinese corporate buying, not supported by any economic agenda, so no reason to celebrate any move north.

sell tops, and wipe the bottoms with one dollar bills.........

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Quoting hindustani

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now i trade purely based on momentum and have been collecting a reasonable 25% to 40% a week.

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Quoting hindustani

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i used to trade based on ma crosses, till i realized that ma's work on price close values which in turn work on ticks

so basically price decides the working of every indicator

so i changed my method to seeing the general momentum for direction

this worked for me

now i trade purely based on momentum and have been collecting a reasonable 25% to 40% a week.

fibs are used only to gauge the extent of strength or weakness, i never try to forecast or predict the targets and never chase targets

for me a quick scalp is 1000 t imes better than...

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Quoting e_piz

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I trade based on daily trends, not weekly or monthly. When Im on the wrong trend, I cut loss and ride the actual trend again. I dont keep my position for that long.

For EUR/USD case, I have my SL at 1.35, another sell limit @1.34, and my TP is 1.32, where it goes I wont blow my account for sure.

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Quoting cloggie

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Has that muppet encroyable that has blown up 39 consecutive accounts been back as of late that said that he was going to wait for NY, missing the whole 120 pip run up and the whole 150 pip run down, that my grandma could have traded with her eyes closed and one hand tied behind her back if she was still with us, bless her.


Any decent entertainment here or just the usual cr@p,come on gimme the summary, can't be bothered wading through pages of verbal dioarrhea

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Quoting hindustani

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i was lucky enough to grab all of it, it was a blind man's trade

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Quoting Taigen

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I use the fibo as a guidline, a channel and that's about it. All these acronyms can make your head swim.

I made the claim earlier that I had no losing trade for the month so far but I actually lost two. Clearing up for the record.

If you are losing more than say 1 out of 5 trades, you need to see what it is you are doing wrong that created such a condition. Maybe you're risking to much or waiting too long and the market turns against you. Something...

And... FIX IT!

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Quoting FXMastermind

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You say your scalping strategy doesn´t use any indicators at all ?

I am really impressed, you made AVG 10 trades per day on your demo, only during NY-London overlap I suppose and to achieve your targets, you´d have to close each of them for min. 15 pips profit in less than 20 minutes? On daily basis? And single pair?

Come on... That ain´t real.

Furthermore, if you started an account with 10k and kept doubling your account every month (not really hard with 3000 pips every month), you´d have 41M after a year (pure maths). I guess you don´t...

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