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  • #9,601
  • Jan 17, 2012 2:21am Jan 17, 2012 2:21am
Quoting T@rantula
Ok, good logic. What those little arrows represent? Entry positions?
yes T - he uses oanda platform and when a trade is opened or closed it shows the arrow.

i presume he bought and the arrow down is where he banked profits he made


as for the trades - they are very nice agro
Have I got something on my face, SOLDIER?
  • #9,602
  • Jan 17, 2012 2:38am Jan 17, 2012 2:38am
break for 1.27333 and my target is 1.2711.. note PP and also fib level at 1.27..
  • #9,603
  • Jan 17, 2012 2:45am Jan 17, 2012 2:45am
Quoting bumapatria
yes T - he uses oanda platform and when a trade is opened or closed it shows the arrow.

i presume he bought and the arrow down is where he banked profits he made


as for the trades - they are very nice agro
Yes, agreed. Thanx for the explanation.
  • #9,604
  • Jan 17, 2012 2:53am Jan 17, 2012 2:53am
Quoting jaylovin
break for 1.27333 and my target is 1.2711.. note PP and also fib level at 1.27..
Yes 2733-2730 we may go down from there.
  • #9,605
  • Jan 17, 2012 2:58am Jan 17, 2012 2:58am
The price is still bullish, this might have been a pullback and it looks like it atm. We still can expect 2780 and more if 2730 isnt broken.
  • #9,606
  • Jan 17, 2012 2:59am Jan 17, 2012 2:59am
Quoting T@rantula
Ok, good logic. What those little arrows represent? Entry positions?
Sorry T. Busy - scalp, scalp, scalp

Buma is correct. Up arrow was entry, 3 down arrows were scale outs, 1/3 at a time.

ps What is BPC formation you keep mentioning?
  • #9,607
  • Jan 17, 2012 3:20am Jan 17, 2012 3:20am
Quoting Agro
Sorry T. Busy - scalp, scalp, scalp

Buma is correct. Up arrow was entry, 3 down arrows were scale outs, 1/3 at a time.

ps What is BPC formation you keep mentioning?
Breakout-Pullback-Continuation

The price breaks through a s/r level on momentum push then it pullbacks ( retests) then continue in the breakout direction. Ill show u an example.

Random example. In this case we buy at the break of the high after the retest.

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  • #9,608
  • Jan 17, 2012 3:28am Jan 17, 2012 3:28am
Quoting T@rantula
Breakout-Pullback-Continuation

The price breaks through a s/r level on momentum push then it pullbacks ( retests) then continue in the breakout direction. Ill show u an example
Cheers. I use this formation extensively in my scalping. The pullback is a traders best friend
  • #9,609
  • Jan 17, 2012 4:04am Jan 17, 2012 4:04am
Quoting T@rantula

SO if 2758 gets broken, that means we are in bullish correction mode 2780 ,2800 and 2820 are possible targets then.
2758>2780>2798 done
  • #9,610
  • Jan 17, 2012 4:12am Jan 17, 2012 4:12am
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 me...
Sell order triggered in spectacular fasion thanks to EU news. Hopefully just a news spike, will see how it goes but obviously not loving PA at the moment. Anyway, small account and small risk. Will not increase risk untill I get a couple of months of good results.

http://img442.imageshack.us/img442/503/firstorder.png
  • #9,611
  • Jan 17, 2012 4:30am Jan 17, 2012 4:30am
Quoting Agro
Sell order triggered in spectacular fasion thanks to EU news. Hopefully just a news spike, will see how it goes but obviously not loving PA at the moment. Anyway, small account and small risk. Will not increase risk untill I get a couple of months of good results.

The way to go is increasing the risk according to your account balance. That is best achieved by compounding .
  • #9,612
  • Jan 17, 2012 4:39am Jan 17, 2012 4:39am
Quoting T@rantula
The way to go is increasing the risk according to your account balance. That is best achieved by compounding .
Yes, this is how I will do it for these trades, but untill I have some good extended results I am using a very small account compared to my main account. As far as scalping goes, it is very hard to do this, trying to calculate risk for each trade in a fast moving market is damn neer impossible, especially when stop loss is not always known (I exit manually) so I just use a stardard size for every trade and increase this size for every 20% of account growth
  • #9,613
  • Jan 17, 2012 4:49am Jan 17, 2012 4:49am
Quoting Agro
Y so I just use a stardard size for every trade and increase this size for every 20% of account growth
  • #9,614
  • Edited 6:58am Jan 17, 2012 6:36am | Edited 6:58am
Quoting Agro
Sell order triggered in spectacular fasion thanks to EU news. Hopefully just a news spike, will see how it goes but obviously not loving PA at the moment. Anyway, small account and small risk. Will not increase risk untill I get a couple of months of good results.
Just closed out at 2782 for -4. Stop was 2811 so it was only a small % of the stop. Gave it a good chance but all attempts to go lower failed miserably and I think supply is being consumed so we may go higher now
  • #9,615
  • Jan 17, 2012 7:11am Jan 17, 2012 7:11am
Volatility should resiume in 20 mins. 13.30 gmt.
  • #9,616
  • Jan 17, 2012 7:18am Jan 17, 2012 7:18am
Guys be careful now, as 13.30gmt-14.30 gmt often looks like a Frankie fake and beginning of London session.

Ill be back in 1h.
  • #9,617
  • Jan 17, 2012 10:31am Jan 17, 2012 10:31am
I have just got back home, nothing much has changed only that EU printed some
bearish levels that were stated in my level table. I havent traded it as I wasnt close to my trades station but I would surely have gone for it if I was here.

As i said below median point are bearish levels .

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  • #9,618
  • Jan 18, 2012 1:41am Jan 18, 2012 1:41am
Quick levels update:

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Price looks bullish enough to reach 2840. If that happens only a break of it will target 2870. Both are shorting zones.
  • #9,619
  • Jan 18, 2012 1:41am Jan 18, 2012 1:41am
Just caught this 2wice using 15,,..5.. and 1 min.. using river..
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  • #9,620
  • Jan 18, 2012 1:44am Jan 18, 2012 1:44am
Quoting danc
Just caught this 2wice using 15,,..5.. and 1 min.. using river..
Excellent!
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