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EURUSD

  • #570,061
  • Dec 5, 2011 1:24pm Dec 5, 2011 1:24pm
Quoting Toldo
Still I need to know the reason of the sudden move ? I don't think it is just like that ??!!
Due to S&P puting Europe's AAA countries on negative credit watch.
When you trade the news, you cannot snooze, because if you do, you will lose.
Time turns trend. - W.D. Gann
  • #570,062
  • Dec 5, 2011 1:24pm Dec 5, 2011 1:24pm
Quoting MelbTrader
To anyone who knows, is scalping like this actually a reliable strategy? It just seems entirely unlikely to me that one can make trade after trade of profit like this without loss and without using a stop loss. I often see people pop up on this forum displaying their fantastic scalping results only to be never heard of again, often after big news events occur like we just witnessed.
Scalping without SL is risky for sure. I use not stop-loss but so called stop-lock. This technique needs good practice. And this is not blind scalping. Every position has its reasoning within rather complex system.
  • #570,063
  • Dec 5, 2011 1:24pm Dec 5, 2011 1:24pm
Quoting mercy seat
@ sidhujag ...

Too many ifs ...

Not my style ...

2011-12-05 _ (19h15 CET) EUR-USD _ 030min _ 001 barchart 240-517-40

But yes ... now covered larger parts again ...

Covering at 1.3448 again ...




;-|
Covering full size and A REVERSO since 1.33832 ...

2011-12-05 _ (20h17 CET) EUR-USD _ 030min _ 001 barchart 240-519-40

All with calculations as shown in TABLE prior to ASIAN SESSION ...


ZigZag A-B-C Bandwidth

1.3592 1.3478
1.3571 1.3456
1.3549 1.3434
1.3527 1.3407

1.3516 1.3396 <= intersection

1.3505 1.3385
1.3478 1.3363
1.3456 1.3341
1.3434 1.3319

UPS and DOWNS
1.3549 1.3363





;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-05 _ (20h17 CET) EUR-USD _ 030min _ 001 barchart 240-519-40.GIF Size: 96 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #570,064
  • Dec 5, 2011 1:25pm Dec 5, 2011 1:25pm
Having been flat all day it was good to catch a decent move. Up 78, booked 75%, trail the rest for gravy.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD051211.jpg Size: 157 KB
  • #570,065
  • Dec 5, 2011 1:28pm Dec 5, 2011 1:28pm
anyone long yet ??????
Trade What You See Not What You Want To See
  • #570,066
  • Dec 5, 2011 1:29pm Dec 5, 2011 1:29pm
Sell stop at 3375
  • #570,067
  • Dec 5, 2011 1:31pm Dec 5, 2011 1:31pm
Quoting DeafPipster
Sell stop at 3375
same here nice to get it bouth ways
Trade What You See Not What You Want To See
  • #570,068
  • Dec 5, 2011 1:35pm Dec 5, 2011 1:35pm
Quoting cloggie
Covered for 70, that will do me.

Back to holiday mode.



l8r.
And where did Mr. Muppet post his entry, stop and profit target?
  • #570,069
  • Dec 5, 2011 1:37pm Dec 5, 2011 1:37pm
Quoting disegnosys
I scalp and swing trade. I mostly get 4 to 20 pips scalping. I made 2% on my longs today. I missed most of this short move but scalped the end of it for another 2%.

Cheers
Hello!

What leverage do you use?
Bear the bull's consequence...
  • #570,070
  • Dec 5, 2011 1:39pm Dec 5, 2011 1:39pm
Quoting pipsallday
anyone long yet ??????
yes 3389 and on gold
  • #570,071
  • Dec 5, 2011 1:39pm Dec 5, 2011 1:39pm
Quoting SirMcPip
And where did Mr. Muppet post his entry, stop and profit target?
And why would he? He gives away free knowledge not free trades. Just sit back and learn shit you don't know, that's what I do.
  • #570,072
  • Dec 5, 2011 1:39pm Dec 5, 2011 1:39pm
Quoting DragonEye
Scalping without SL is risky for sure. I use not stop-loss but so called stop-lock. This technique needs good practice. And this is not blind scalping. Every position has its reasoning within rather complex system.
The only SL I use is a zero stop and a profit stop. Depending on your type of trade, I suppose there is a place for a stop loss but I quit doing them. My history demonstrated that was mostly where I lost only to see the market back in my direction.
Taigen Profit This Month: na
  • #570,073
  • Dec 5, 2011 1:42pm Dec 5, 2011 1:42pm
Quoting bman204
And why would he? He gives away free knowledge not free trades. Just sit back and learn shit you don't know, that's what I do.
Then tell us in detail what great things you learned so we can all share your joy.
  • #570,074
  • Dec 5, 2011 1:42pm Dec 5, 2011 1:42pm
1% to 6%.


Quoting Bice
Hello!

What leverage do you use?
  • #570,075
  • Dec 5, 2011 1:43pm Dec 5, 2011 1:43pm
I turned the channel from CNBC for just a half an hour so my kid could watch bubble guppies and detach himself from my leg for just a little while and THIS happens. uGH! I love my son but im going to have to invest in a Nanny during my trading hours at least.
  • #570,076
  • Dec 5, 2011 1:44pm Dec 5, 2011 1:44pm
Quoting SirMcPip
Trust me. You dont need a news source. It is totally useless.
I'm having a hard time trusting you on this one.

My news feed has been pretty useful and profitable.

More people subscribing to news feeds would substantially reduce the "WTF just happened?" posts here.
  • #570,077
  • Dec 5, 2011 1:45pm Dec 5, 2011 1:45pm
59 orders today.

Quoting Bice
Hello!

What leverage do you use?
  • #570,078
  • Dec 5, 2011 1:45pm Dec 5, 2011 1:45pm
Quoting chess king
s 51.7 stop 71.7 tp 3340
is also fair to lose 20 ....
I hate SL ...
  • #570,079
  • Dec 5, 2011 1:46pm Dec 5, 2011 1:46pm
Quoting disegnosys
1% to 6%.
Thank you!

My leverages are 1:50 on EUR/USD, and 1:10, 1:12 on stocks, futures and indices. 1:50 is not bad, but I like to try larger leverages, like 1:100, 1:200 later. It's a bit slow to make money with these leverages.
Bear the bull's consequence...
  • #570,080
  • Dec 5, 2011 1:47pm Dec 5, 2011 1:47pm
Quoting shocfacter
I turned the channel from CNBC for just a half an hour so my kid could watch bubble guppies and detach himself from my leg for just a little while and THIS happens. uGH! I love my son but im going to have to invest in a Nanny during my trading hours at least.
i have the same thing he walked upto pc last week and in a instant pressed the off button you have too laugh tho .
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