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  • #9,581
  • Jan 16, 2012 6:29am Jan 16, 2012 6:29am
Quoting bumapatria
been holding this one for over 5 hours. 17 pips value. im sure u made that same amount in 30 mins


but its nuts.

but as u say best position is no position!
Sec ill show u
  • #9,582
  • Edited 6:48am Jan 16, 2012 6:40am | Edited 6:48am
Quoting bumapatria
been holding this one for over 5 hours. 17 pips value. im sure u made that same amount in 30 mins


but its nuts.

but as u say best position is no position!
There you can see my trades today. Mostly scalps with a manual drawdown and manual sl ( watching the trades) ( TP:10, SL:15 max). Got 5/2 w:l ratio. What counts is the balance at the end of the day. Ofcourse MM is strictly applied.
Mind u that we have a bank holiday today so caution is advised; ) Bank holidays are usually non trading days, still profit is profit when u know when and how.

Last trade was manually closed as my EA ( for the strategy i adopted) opened a trade w/o my approval. It was manually closed for some very small profits.

/ picture removed /
  • #9,583
  • Jan 16, 2012 6:45am Jan 16, 2012 6:45am
Quoting T@rantula
There you can see my trades today. Mostly scalps with a manual drawdown and manual sl ( watching the trades) ( TP:10, SL:15 max). Got 5/2 w:l ratio. What counts is the balance at the end of the day. Ofcourse MM is strictly applied.
Mind u that we have a bank holiday today so caution is advised; )

Last trade was manually closed as my EA ( for the strategy i adopted) opened a trade w/o my approval. It was manually closed for some very small profits.
Attachment

mmmm tasty tasty

nice trades! i could live with that much cash for a year !



see ya tommorow g2g now
Have I got something on my face, SOLDIER?
  • #9,584
  • Jan 16, 2012 6:47am Jan 16, 2012 6:47am
Quoting bumapatria
mmmm tasty tasty

nice trades! i could live with that much cash for a year !



see ya tommorow g2g now
Thanx, ill remove the picture now
  • #9,585
  • Jan 16, 2012 7:53am Jan 16, 2012 7:53am
Quoting bumapatria
been holding this one for over 5 hours. 17 pips value. im sure u made that same amount in 30 mins


but its nuts.

but as u say best position is no position!
Silly wall????
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd silly.png Size: 20 KB
  • #9,586
  • Jan 16, 2012 8:21am Jan 16, 2012 8:21am
Quoting GoldMan.
Silly wall????
i was just pissed on my m1 chart that buyers can't get through that invisible wall.


i dont know what ure refering to ...

Have I got something on my face, SOLDIER?
  • #9,587
  • Jan 16, 2012 12:11pm Jan 16, 2012 12:11pm
Quoting T@rantula
Hello traders,

Its US Bank Holiday today so trading is valid only up to 13.30 gmt before some profit taking takes place. Of course, I never trade on bank holidays so only London session prior to 13.30 GMT is valid for me.


EU levels today are:

Attachment
Notice the high for today:2688

The levels are respected to the pip.

Only on Spider's Den.
  • #9,588
  • Jan 16, 2012 12:17pm Jan 16, 2012 12:17pm
sleep tata..

trade 2mowow..



i know how much u love ur levels i know... i know..
Have I got something on my face, SOLDIER?
  • #9,589
  • Jan 17, 2012 12:35am Jan 17, 2012 12:35am
Hello all

Been following this thread for a while now and I have some vouches now so I can post.

I am a scalper for the most part, in and out of trades within minutes so I will not be posting my scalps. But I do want to add a bit of short term position trading to my trading plan. I have traded this way in the past with some limited success but nothing getting even close to my scalping results. I would appreciate some help from you guys so I will post my orders for today. Take profits are all open and decided on levels + PA. Please let me know what you think.

http://img856.imageshack.us/img856/9885/orders1701.png
  • #9,590
  • Jan 17, 2012 1:33am Jan 17, 2012 1:33am
Quoting Agro
Hello all

Been following this thread for a while now and I have some vouches now so I can post.

I am a scalper for the most part, in and out of trades within minutes so I will not be posting my scalps. But I do want to add a bit of short term position trading to my trading plan. I have traded this way in the past with some limited success but nothing getting even close to my scalping results. I would appreciate some help from you guys so I will post my orders for today. Take profits are all open and decided on levels + PA. Please let...
Welcome Agro I can see you like to draw the lines near 80s and 20s. Thats a good thing as 80s and 20s are natural s/r levels and big money likes to play with it. So if u have a confluence of Fibs, 80s, 20s and PP, u can rarely miss a trade.

Your chart is ok. Do u use it for counter scalps ( fade) or trend scalping?
  • #9,591
  • Jan 17, 2012 1:38am Jan 17, 2012 1:38am
Attached Image (click to enlarge)
Click to Enlarge Name: levels.jpg Size: 83 KB
  • #9,592
  • Jan 17, 2012 1:43am Jan 17, 2012 1:43am
We can see that the price has already touched projected bullish top. Remember thou the levels are more precise in ranging market as when trending they are usually broken because of new ATR value.

SO you can look the levels as very accurate and they always get hit, but when we are in strong trend PA will bounce off the levels and subsequently print new ones depending on trend direction.

SO if 2758 gets broken, that means we are in bullish correction mode 2780 ,2800 and 2820 are possible targets then.
Very important thing is to distinguish between RANGE and TREND.

Range can be played by fading the price on tops/ bottoms in both directions. Trend is ONLY buy/sell on pullbacks.
  • #9,593
  • Jan 17, 2012 1:44am Jan 17, 2012 1:44am
hey T - now we're ready !

do u trade gold? if yes (or not) it looks ripe for a drop south big... heres a daily view with support resistance levels and some TL...

we have overbought daily 14 day stoch osc. values, and this old support possible becoming resistance.


Read only if interested:
in possible time analysis (no fooling around) it could drop it would be possibly in 7h from now as gold's harmonic cycle with the lunar apogee and perigee (nearest and furthest from earth). again im not fooling around trying to be 'right' by predicting. its about reacting well to possible time value of the price then.


it is also rising to the bearish trendline.



conclusion: we might see usd strength and if the boucne is strong - eur/usd might crash too with gold maybe?

any comments/thoguhs? (only positive please)
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #9,594
  • Jan 17, 2012 1:49am Jan 17, 2012 1:49am
Cable trade:

Buy on BPC above 5387
Sell on BPC below 5316

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 50 KB
  • #9,595
  • Jan 17, 2012 1:54am Jan 17, 2012 1:54am
Quoting bumapatria
hey T - now we're ready !

do u trade gold? if yes (or not) it looks ripe for a drop south big... heres a daily view with support resistance levels and some TL...

(only positive please)
I dont trade gold but i can give a technical standpoint anaysis based on what I see.According to your chart I can see the price has touched MAs and Bearish trendline and it goes in confluence with OB sto where they are ready to cross. But also I can see there is a gap which may get filled so u need to pay attention to that also as the gap collides with ur purple MA.
  • #9,596
  • Jan 17, 2012 2:04am Jan 17, 2012 2:04am
Quoting T@rantula
I dont trade gold but i can give a technical standpoint anaysis based on what I see.According to your chart I can see the price has touched MAs and Bearish trendline and it goes in confluence with OB sto where they are ready to cross. But also I can see there is a gap which may get filled so u need to pay attention to that also as the gap collides with ur purple MA.

the gap is the downside... yes


if u are interested here are past apogees and perigees (some of them) with gold. a beautiful harmonic... duh it doesnt move gold - but its cool how it flows with it also reached ADR high.

but lets see in US session if the supply of sellers will come or not
Attached Image (click to enlarge)
Click to Enlarge Name: past dates.gif Size: 20 KB
Have I got something on my face, SOLDIER?
  • #9,597
  • Jan 17, 2012 2:05am Jan 17, 2012 2:05am
Quoting T@rantula
Your chart is ok. Do u use it for counter scalps ( fade) or trend scalping?
Hey T

The answer is both. I prefer trend scalping but always enter on a pullback. I am happy to fade a good level without any PA confirmation but trend scalping gives me the confidence to scale out and hopefully catch a runner, whereas if I am fading I will generally take full profits at 3-15 pips depending on the situation.

Here is a good example of a trend scalp. This is my first scalp for today. I scaled out in 1/3s. Probably should have ignored my first profit taking area considering PA on the 10s chart but I like to make sure of the first trade of the day so I am not playing catch up. Also, normally I would let the last 1/3 run with a bit more room, but we are approaching heavy resistance (63-80) in my opinion so I kept it nice and tight.

http://img710.imageshack.us/img710/1520/scalp.png
  • #9,598
  • Jan 17, 2012 2:08am Jan 17, 2012 2:08am
Here BUMA. I have used your chart.

U can try to sell the top but pay attention to the gap which hasnt been filled and it coincides with purple MA. Also you can sell at the break of the last low with BPC formation.

Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 107 KB
  • #9,599
  • Jan 17, 2012 2:18am Jan 17, 2012 2:18am
Quoting Agro
Hey T

The answer is both.
Ok, good logic. What those little arrows represent? Entry positions?
  • #9,600
  • Jan 17, 2012 2:19am Jan 17, 2012 2:19am
Quoting T@rantula
Here BUMA. I have used your chart.

U can try to sell the top but pay attention to the gap which hasnt been filled and it coincides with purple MA. Also you can sell at the break of the last low with BPC formation.

Attachment
its quite heavy bull momentum bar here on hourly - as my plan tells ill wait 7hours see Pa around then i guess.

now people profit take after a bull charge. i need more sellers signalling to go short.

and id wait maybe for stability to take place within the keltner channels
Attached Image (click to enlarge)
Click to Enlarge Name: best case.gif Size: 19 KB


time is 9pm GMT.
my broker time is -4 GMT which is 17:00 is the time.
Have I got something on my face, SOLDIER?
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