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  • #568,801
  • Dec 1, 2011 6:36pm Dec 1, 2011 6:36pm
It's very possible given the time of year we may be entering into a sideways range which would put us back down around 1.32000, not sure about this as I am still doing my analysis and at this moment is pure speculation, but if the daily closes above 1.35000 it could have a shot, but again would need the close of Fridays candle to confirm if such a PA is possible.

Quoting KillerWhale
Looking for 1.361x, followed by 1.379x somewhere next week
It's easy to be humbled but hard to be humble.
  • #568,802
  • Dec 1, 2011 6:39pm Dec 1, 2011 6:39pm
Quoting KillerWhale
Lol, any reason?
MONEY FLOW... IMF...
Let us be green
  • #568,803
  • Dec 1, 2011 6:40pm Dec 1, 2011 6:40pm
Quoting fxrising
It's very possible given the time of year we may be entering into a sideways range which would put us back down around 1.32000, not sure about this as I am still doing my analysis and at this moment is pure speculation, but if the daily closes above 1.35000 it could have a shot, but again would need the close of Fridays candle to confirm if such a PA is possible.
The art of trading is that you can have a bias, but you need to be so flexible that you can change your bias in a matter of minutes.
My bias = UP, but it can change with one 4 hour candle, depending on were the close is,
New voice message: Why are you calling me? If I need you, I'll call you!
  • #568,804
  • Dec 1, 2011 6:40pm Dec 1, 2011 6:40pm
Scalping 5 pips until Frankfurt open, good idea?
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  • #568,805
  • Dec 1, 2011 6:42pm Dec 1, 2011 6:42pm
You are trading when most are not at their desks, it's a bit of a gamble when the machines are doing the trading.

Quoting ibpo
Scalping 5 pips until Frankfurt open, good idea?
It's easy to be humbled but hard to be humble.
  • #568,806
  • Dec 1, 2011 6:43pm Dec 1, 2011 6:43pm
I agree about the confirmation and I never have a bias, only what the chart shows me. Like you said it changes and that is the same for me, if I see confirmation that we are entering an intermediate uptrend I will join you.

Quoting KillerWhale
The art of trading is that you can have a bias, but you need to be so flexible that you can change your bias in a matter of minutes.
My bias = UP, but it can change with one 4 hour candle, depending on were the close is,
It's easy to be humbled but hard to be humble.
  • #568,807
  • Dec 1, 2011 6:44pm Dec 1, 2011 6:44pm
Quoting ibpo
Scalping 5 pips until Frankfurt open, good idea?
No.
  • #568,808
  • Dec 1, 2011 7:03pm Dec 1, 2011 7:03pm
What do u guys think will happen today on nfp, going north or south?
  • #568,809
  • Dec 1, 2011 7:04pm Dec 1, 2011 7:04pm
http://i.imgur.com/MvWpD.png

when i ready to start scalping 5 pips and entered one short suddenly things changed ...... now i lost my home next is wife then friends then car..
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  • #568,810
  • Dec 1, 2011 7:08pm Dec 1, 2011 7:08pm
Things come back to equilibrium sometimes 34675?

EDIT: Keep in mind don't trade during hours were trading desks are empty and don't panic until the trumpet sounds and you get left behind.

Quoting ibpo
http://i.imgur.com/MvWpD.png

when i ready to start scalping 5 pips and entered one short suddenly things changed ...... now i lost my home next is wife then friends then car..
It's easy to be humbled but hard to be humble.
  • #568,811
  • Dec 1, 2011 7:10pm Dec 1, 2011 7:10pm
Quoting ibpo

when i ready to start scalping 5 pips and entered one short suddenly things changed ...... now i lost my home next is wife then friends then car..


5 pip long is better option close to support i have closed my short from 1.3483 too early i was looking @ old news (sanction on iran..)
Mohan
  • #568,812
  • Dec 1, 2011 7:21pm Dec 1, 2011 7:21pm
Quoting ibpo
http://i.imgur.com/MvWpD.png

when i ready to start scalping 5 pips and entered one short suddenly things changed ...... now i lost my home next is wife then friends then car..
is the exactly the reason why it's not a good idea for you to scalp.

if your targeting 5 pips then your risk has to be smaller than that. 2-3 pips sl? gotta be able to cover the spread dude. now you lost 20 pips for 5 pips of gain. you now need 4 successful scalp trades to make that up.

p.s. if you are at the level you know what the heck you're doing then you wouldn't be going ar'd asking people if its a good idea.
until then trade the demo or stay out of the market. my 2c.
  • #568,813
  • Dec 1, 2011 7:21pm Dec 1, 2011 7:21pm
http://i.imgur.com/pW7E0.png
that was technical move after the Tokyo open TF change to 5 min
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  • #568,814
  • Dec 1, 2011 7:26pm Dec 1, 2011 7:26pm
What technical are you speaking of?

Quoting ibpo
http://i.imgur.com/pW7E0.png
that was technical move after the Tokyo open TF change to 5 min
It's easy to be humbled but hard to be humble.
  • #568,815
  • Dec 1, 2011 7:27pm Dec 1, 2011 7:27pm
Quoting mohan76
anyone seeing entry ? it roaming around support for long time and its Friday too will it break @ tokyo
Hi, I think there's an entry for a sell on EUR/USD @ 1.3483, s/l @ 1.3495, t/p @ 1.3415.
I believe this will materialise, but it'll take a lot of patience.
Good luck.
  • #568,816
  • Dec 1, 2011 7:28pm Dec 1, 2011 7:28pm
Quoting ibpo
Scalping 5 pips until Frankfurt open, good idea?
that is so sad. it's like somebody with a ton of cash was watching this thread waiting for somebody to take out. and you just happen to be there, and they chose you.
  • #568,817
  • Dec 1, 2011 7:29pm Dec 1, 2011 7:29pm
Quoting pkimnyc
is the exactly the reason why it's not a good idea for you to scalp.

if your targeting 5 pips then your risk has to be smaller than that. 2-3 pips sl? gotta be able to cover the spread dude. now you lost 20 pips for 5 pips of gain. you now need 4 successful scalp trades to make that up.

p.s. if you are at the level you know what the heck you're doing then you wouldn't be going ar'd asking people if its a good idea.
until then trade the demo or stay out of the market. my 2c.
my trading style is different (Think Different )

i start scalping 1 min for 5 pips no SL if went wrong then change TF, i did that to 1 hour TF also i will increase TP based TF so no problem,
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  • #568,818
  • Dec 1, 2011 7:32pm Dec 1, 2011 7:32pm
Quoting obaasima
Hi, I think there's an entry for a sell on EUR/USD @ 1.3483, s/l @ 1.3495, t/p @ 1.3415.
I believe this will materialise, but it'll take a lot of patience.
Good luck.
i took short @ 1.3483 and exited too early My bad [i was looking @ old news (sanction on iran..)]. i like to have pause between trade

Quoting sonicpunk32
that is so sad. it's like somebody with a ton of cash was watching this thread waiting for somebody to take out. and you just happen to be there, and they chose you.
it have to break either way , due to lack of buyer/seller (Asia usually buyers market )
Mohan
  • #568,819
  • Dec 1, 2011 7:32pm Dec 1, 2011 7:32pm
Quoting sonicpunk32
that is so sad. it's like somebody with a ton of cash was watching this thread waiting for somebody to take out. and you just happen to be there, and they chose you.
those who chosen me they also lost home, wife, friends, car
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  • #568,820
  • Dec 1, 2011 7:32pm Dec 1, 2011 7:32pm
Quoting ibpo
my trading style is different (Think Different )

i start scalping 1 min for 5 pips no SL if went wrong then change TF, i did that to 1 hour TF also i will increase TP based TF so no problem,
in a long run, you will not make it in this business with that approach. i guarantee it.
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