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  • #2,941
  • Aug 23, 2012 12:26pm Aug 23, 2012 12:26pm
Quoting Balhana
Closed the rest at 1.0448 for +50 pips (+96 pips in total).
Looks a bit premature...
  • #2,942
  • Aug 23, 2012 12:54pm Aug 23, 2012 12:54pm
Quoting Balhana
Took two shorts at 1.2580 where I got stopped out based on CP+LQ into the daily supply. SL at 1.2595.
Closed 1/2 at 1.2565 for +15 pips and SL is still at 1.2595. TP2 is 1.2490 Now free trade...

EDIT: TP1 was 1.2540 but it is 2:56 am here in Seoul. Going to bed.....
Attached Image (click to enlarge)
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  • #2,943
  • Aug 23, 2012 2:40pm Aug 23, 2012 2:40pm
Can anyone tell me what is the Demand/Supply area indicator that you show on every screenshot? Thanks
  • #2,944
  • Aug 23, 2012 2:58pm Aug 23, 2012 2:58pm
Quoting Forexaccount
Can anyone tell me what is the Demand/Supply area indicator that you show on every screenshot? Thanks
There is no indicator ... They draw em themselves ... Well , there is one indicator but its flawed .... Gotta learn it yourself ..
Human
  • #2,945
  • Aug 23, 2012 3:01pm Aug 23, 2012 3:01pm
Quoting Chanya
There is no indicator ... They draw em themselves ... Well , there is one indicator but its flawed .... Gotta learn it yourself ..
Thank you, I thought it was a high volume are indicator or something similar.
  • #2,946
  • Aug 23, 2012 3:11pm Aug 23, 2012 3:11pm
Quoting Forexaccount
Thank you, I thought it was a high volume are indicator or something similar.
If you want to know what I have to say about indicators , Read my signature ...

See the videos by LJ in post one and you will know where to get started ...
Human
  • #2,947
  • Aug 23, 2012 6:03pm Aug 23, 2012 6:03pm
Quoting 5.25
So, even when your sick and suffering insomnia you're able to extract profits from the market!

Get well soon.
Yeah, but not as many as I would if I was well ... just reviewed most of my charts now and missed these FTB's today doh!
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  • #2,948
  • Aug 23, 2012 6:04pm Aug 23, 2012 6:04pm
...
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  • #2,949
  • Aug 24, 2012 2:19am Aug 24, 2012 2:19am
Quoting Balhana
Closed 1/2 at 1.2565 for +15 pips and SL is still at 1.2595. TP2 is 1.2490 Now free trade...

EDIT: TP1 was 1.2540 but it is 2:56 am here in Seoul. Going to bed.....
EU is falling down... The next hurdle will probably be 1.2515-30 (base of CP, which is also spike base). Let's see how it goes...
  • #2,950
  • Aug 24, 2012 2:20am Aug 24, 2012 2:20am
EURGBP setup working out nicely.
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  • #2,951
  • Aug 24, 2012 4:36am Aug 24, 2012 4:36am
Quoting lovejoy80
...picking 1-3 pairs that you can watch more closely and 'get to know' across multiple TF's...
First trade of the day for approx 0.5R. FTB, EURSUD 5m chart. 3/4 off at FTA, remainder stopped out for BE+. Shame, I felt this had more leg room to the down side.

Pip perfect placements are always good. Tightening SL's and increasing R:R could be an option.
Attached Image (click to enlarge)
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  • #2,952
  • Aug 24, 2012 4:56am Aug 24, 2012 4:56am
Quoting 5.25
First trade of the day for approx 0.5R. FTB, EURSUD 5m chart. 3/4 off at FTA, remainder stopped out for BE+. Shame, I felt this had more leg room to the down side.

Pip perfect placements are always good. Tightening SL's and increasing R:R could be an option.
Nice setup, well spotted.

I'd agree that your SL was too wide - if you zoom into M1 you can see there is only one place price is going to react if this setup is going to work out and thats the 3 pip wide SD zone.
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  • #2,953
  • Edited 6:32am Aug 24, 2012 5:11am | Edited 6:32am
Quoting lovejoy80
Nice setup, well spotted.

I'd agree that your SL was too wide - if you zoom into M1 you can see there is only one place price is going to react if this setup is going to work out and thats the 3 pip wide SD zone.
thanks. "3 pip wide" now we're talking

Edit: If the above SL would have been implemented, the trade would have carried out a RR of 1:10-1:12 at this point in time. (Note to self). Such are the benefits on trading the VLTF.
  • #2,954
  • Aug 24, 2012 5:23am Aug 24, 2012 5:23am
Quoting Balhana
EU is falling down... The next hurdle will probably be 1.2515-30 (base of CP, which is also spike base). Let's see how it goes...
Closed the rest (1/2) at 1.2520 (spike base) for +60 pips (+75 pips in total).
Attached Image (click to enlarge)
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  • #2,955
  • Aug 24, 2012 5:46am Aug 24, 2012 5:46am
Quoting Balhana
Closed the rest (1/2) at 1.2520 (spike base) for +60 pips (+75 pips in total).
Bought EU at 1.25225 for scalp.
Attached Image (click to enlarge)
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  • #2,956
  • Aug 24, 2012 6:23am Aug 24, 2012 6:23am
Quoting Balhana
Bought EU at 1.25225 for scalp.
Stopped out at 1.2514 for -8.5 pips (-17 pips in total).
  • #2,957
  • Aug 24, 2012 7:17am Aug 24, 2012 7:17am
Quoting Balhana
Stopped out at 1.2514 for -8.5 pips (-17 pips in total).

Something i learnt about scalping EURUSD from a generous contributor (Gleneagles) on FF (and i hope that he doesnt mind me mentioning this here) is that EURUSD tends to move in 20 pip "beats" he uses it for Dustbin trading. Its not an exact science and the difficult bit is establishing the levels as they can vary from day to day but once you have them they can be a very useful guide.
Attached Image (click to enlarge)
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No more DOH! trades
  • #2,958
  • Aug 24, 2012 7:52am Aug 24, 2012 7:52am
Bought EU at 1.2485
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  • #2,959
  • Aug 24, 2012 7:54am Aug 24, 2012 7:54am
Quoting Balhana
Bought EU at 1.2485
This was on my radar too but I missed it. Good strong reaction.
  • #2,960
  • Aug 24, 2012 7:58am Aug 24, 2012 7:58am
Quoting nonethewisa
Something i learnt about scalping EURUSD from a generous contributor (Gleneagles) on FF (and i hope that he doesnt mind me mentioning this here) is that EURUSD tends to move in 20 pip "beats" he uses it for Dustbin trading. Its not an exact science and the difficult bit is establishing the levels as they can vary from day to day but once you have them they can be a very useful guide.
This is an interesting theory, seems to respect those levels on your charts surprisingly well. What do you mean by 'Dustbin Trading'?
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