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  • #684,061
  • Aug 24, 2012 8:44am Aug 24, 2012 8:44am
Quoting anton.olff
you will...when the market wakes the f**k up! Never seen such a slow August.
It's AUGUST, lol this is the height of the summer slow season imo, but i can feel the liquidity picking back up, the last few days have been fun, even today friday has been fun
Be hopeful in a winning position, and fearful in a losing position.
  • #684,062
  • Aug 24, 2012 8:44am Aug 24, 2012 8:44am
Quoting StopGuessing
It sure does. Yet my entries arent based on guesses or trading bias like everyone else. In all 3 of my accounts I am up an avg of 210% for the week. Of course it was a see-saw battel, Yet who needs a 9 - 5 when you can earn decent profit on a 5 min trade.

Now, that's a good profit.
If you please to share, what's your approach?
  • #684,063
  • Aug 24, 2012 8:44am Aug 24, 2012 8:44am
If your system or strategy did not produce positive pips with such swings, you may want to consider alternative strategies or systems.
  • #684,064
  • Aug 24, 2012 8:45am Aug 24, 2012 8:45am
Quoting Rag2RichesFX
the problem is if you have one bad day then you lose it all?

at least if you limit yourself to 5% loss per day you can have a chance. But trying to make 40% per day is ridiculous. Even if you limit yourself to a loss of 5 pips @ 10% and only go for a 20 pip scalp for 40%, you really have to be good to keep that up.

now if you were to risk 5% per day, max of 10 pips, and go fo 80 pips per day, yeah you could make your 40% in one day, but it would be damn hard as you would need to make sure your first couple trades for the day were winners.

anyway...
Amazing how trading can be both subjective and objective. Yet, I seem to handle the leverage very well. Especially using pending orders to catch the sharp reverses when your in an open position. What I have noticed is everything has a counter. Especially in forex. Pending orders while scalping really allows you to make a chunk of money on the market manipulation we experience daily.
He who guess is LOST!
  • #684,065
  • Aug 24, 2012 8:47am Aug 24, 2012 8:47am
Quoting forexings
Bull finds after break support due to massive oversell.

Spain gets all support... bull born
Spain looking for support... bull rise
EU liars ready to provide full support to Spain... bull rise
........
........
Spain not asking for support.... no way to drop in this oversell condition.

What a trick! Frauds
When sellers will understand their lies?
completely agree with you... this was PA on hot air
  • #684,066
  • Aug 24, 2012 8:49am Aug 24, 2012 8:49am
Quoting StopGuessing
Amazing how trading can be both subjective and objective. Yet, I seem to handle the leverage very well. Especially using pending orders to catch the sharp reverses when your in an open position. What I have noticed is everything has a counter. Especially in forex. Pending orders while scalping really allows you to make a chunk of money on the market manipulation we experience daily.
agreed but i use market orders mostly based on PA. 2481 was a 4hr level and we are oversold, no surprise we bounced here, still heavy bear momentum compared to bull for today, i think 2481 will be the low but could see 2470 which is daily close from a few days ago
Be hopeful in a winning position, and fearful in a losing position.
  • #684,067
  • Aug 24, 2012 8:51am Aug 24, 2012 8:51am
Quoting freeRider
Now, that's a good profit.
If you please to share, what's your approach?
Im super bad with words. Yet in a video it will appear clear as day. All I do is use elliot waves (the number 2 and 3) listed on my chart. Say a number 2 pops up and touches the top band (bband period 14 devi2) I then draw a red line there. I then place a test order .01 in the direction of the currency pair once the 2 is printed. Once the price crosses the red line (first reversal) i then enter a lot size of say 1.00 My stop loss is 5.5 points or closing over the same red line which caused me to enter the 1.00 which ever comes first.

Say my 1.00 is stopped out, in the same account i then enter an order of 3.00 which of course will make up my loss on the 1.00 3 times quicker. Should the price reverse again over the same red line (A CLOSE OF COURSE) then I enter my next order of ALL IN ON THE FIRST ACCOUNT, and my second and third account I enter a huge lot size of about 6.00 The goal here is to hold the position until the run stops. I have notice that triple moves over the same elliot line are very rare. So thats the science to my crazy system. On the order which I recently posted. That was actually my first order. lol
He who guess is LOST!
  • #684,068
  • Aug 24, 2012 8:52am Aug 24, 2012 8:52am
Quoting Rag2RichesFX
agreed but i use market orders mostly based on PA. 2481 was a 4hr level and we are oversold, no surprise we bounced here, still heavy bear momentum compared to bull for today, i think 2481 will be the low but could see 2470 which is daily close from a few days ago
Do you use daily pivots at all. If you look at my entry you can see it was based on the number 2 from the reversal of the red pivot.
He who guess is LOST!
  • #684,069
  • Aug 24, 2012 8:54am Aug 24, 2012 8:54am
Quoting StopGuessing
Do you use daily pivots at all. If you look at my entry you can see it was based on the number 2 from the reversal of the red pivot.
Sure do, daily pivot is very important, todays was @ 2558
Be hopeful in a winning position, and fearful in a losing position.
  • #684,070
  • Aug 24, 2012 8:56am Aug 24, 2012 8:56am
Did the bears run out of steam already? To be honest I am bit disappointed.
"Men who can both be right and sit tight are uncommon."
  • #684,071
  • Aug 24, 2012 8:59am Aug 24, 2012 8:59am
Quoting Mike8
Did the bears run out of steam already? To be honest I am bit disappointed.
i couldn't sleep , come out check mr market very disappointed too
Mohan
  • #684,072
  • Aug 24, 2012 9:00am Aug 24, 2012 9:00am
Quoting Rag2RichesFX
Sure do, daily pivot is very important, todays was @ 2558
Great just making sure. Well it looks like eur.usd wont move anytime soon. I will head out and enjoy this weeks results. To think when i closed trading on monday I was already up 310% I then gave it all back, and made it all back the last 3 days. Scalping sure does keep you honest.
He who guess is LOST!
  • #684,073
  • Aug 24, 2012 9:01am Aug 24, 2012 9:01am
If eur closes over 1.2521 all the shorters will be crying for not taking profit! This is the second time I have said that.
He who guess is LOST!
  • #684,074
  • Aug 24, 2012 9:03am Aug 24, 2012 9:03am
Quoting kibescorp
I predict the next fall will occur within the next 5-10 minutes.
I predict you are wrong...the day will close at 1.2550 more or less, or even higher near 1.2590, after making new high above 1.2600. Next week youŽll see real falls...
  • #684,075
  • Aug 24, 2012 9:03am Aug 24, 2012 9:03am
Quoting mohan76
i couldn't sleep , come out check mr market very disappointed too
I was waiting to come at least to 2450 and buy there, well.... you cannot have everything in life.
"Men who can both be right and sit tight are uncommon."
  • #684,076
  • Aug 24, 2012 9:04am Aug 24, 2012 9:04am
Quoting xandi
I predict you are wrong...the day will close at 1.2550 more or less, or even higher near 1.2590, after making new high above 1.2600. Next week youŽll see real falls...
After the fact isn't a prediction, it's called hindsight.
  • #684,077
  • Aug 24, 2012 9:06am Aug 24, 2012 9:06am
Quoting Rag2RichesFX
been some great scalpign today playing both directions

L from 2491, 2515/20 would be nice
Closed 3/4 @ 2512 +21, rest S/L just below 1.25
Be hopeful in a winning position, and fearful in a losing position.
  • #684,078
  • Aug 24, 2012 9:08am Aug 24, 2012 9:08am
EURUSD long from 1.25115 high volume with SL at 1,24650 and TP at 1,25615 . I feel something in the air
  • #684,079
  • Aug 24, 2012 9:11am Aug 24, 2012 9:11am
Quoting kibescorp
After the fact isn't a prediction, it's called hindsight.
maybe IŽve predicted that you are wrong even before you wrote...just read my posts from today, and yesterday, and so one...

and about my prediction, can you comment before being a fact? only to keep note about it
  • #684,080
  • Aug 24, 2012 9:12am Aug 24, 2012 9:12am
Quoting MisterSpread
EURUSD long from 1.25115 high volume with SL at 1,24650 and TP at 1,25615 . I feel something in the air
I honestly hope eur takes off like a rocket towards your tp. Not because Im long. Only because the greedy sellers have not been taken profit today.
He who guess is LOST!
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