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Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

  • #1
  • First Post: Oct 8, 2012 6:17pm Oct 8, 2012 6:17pm
Hello everyone,

I figured, I'd start a thread that pretains me, and those who share the same trading style as myself.. to talk to anything related to scalping. I.e anyone who is go's in and out of the market for a short period of time to grab an amount of pips.

So share your ideas, positions, plays, systems anything you like here. You can give in a play of what you eyeing or looking to get into. Share the way you do it, basically anything related to this subject.

I will be here often shareing my views, and thoughts and plays.. so hope to build a few friends who'd like to do the same.
There are those who know, and there are those who don't know.
  • #2
  • Oct 8, 2012 6:21pm Oct 8, 2012 6:21pm
so its 7:19 Pm.. Eastern time.. I am currently in the euro for an Asian scalp.. I'm eyeing 20 pips for a move up to 1.30 the market currently is at 1.2965.

I'm looking for an exit at 1.2988 when everyone else will be grabing profit. I'll update on this trade, at about 9 PM when essentialy this move will come to an end.
There are those who know, and there are those who don't know.
  • #3
  • Oct 8, 2012 7:18pm Oct 8, 2012 7:18pm
So I closed my position at 1.2985.. Roughly 17 pips. at 8:15 Pm eastern.. I think that for the Asian session the euro will cap out in this area.. untill london session it will be sideways trading. I'd say if the aussie dosn't break through the resistance 1.0225ish.. that it will go back down to 1.0200 which gives a 20 pip scalp for the right scalper
There are those who know, and there are those who don't know.
  • #4
  • Oct 8, 2012 8:32pm Oct 8, 2012 8:32pm
I prefer trading on news
with RRs/l =10 pip tp =10 pip or s/l= 10 pip tp= 20 pip
and follow the direction of the movement on m5 / m15
salaam
  • #5
  • Oct 8, 2012 8:41pm Oct 8, 2012 8:41pm
Hi, what indicator do you use for scalper? Why do you prefer long on E/U since it was bearish all day.
  • #6
  • Oct 8, 2012 9:10pm Oct 8, 2012 9:10pm
Quoting koi99
Hi, what indicator do you use for scalper? Why do you prefer long on E/U since it was bearish all day.

why do you think that we need indicators
if we could clearly see the price go up or down quickly or slowly
examples such as the current price of just moving up and down 10 pips only and still ranging
we can see clearly
do we still need the indicators?

salaam
  • #7
  • Oct 8, 2012 9:32pm Oct 8, 2012 9:32pm
Quoting koi99
Hi, what indicator do you use for scalper? Why do you prefer long on E/U since it was bearish all day.
I have a few systems, that I use with each other.. but at the same time, as scalper you can use what you feel is comfortable or works for you. I took the long on the Euro/Usd.. I could see the next move.. Asian session is very transparent.

Its small moves, but if caught on early can get an easy scalp because its one directional. There is few principles of trading asian and euro

#1 The euro will "MOST" of the time only do 30 pips range on Asia Session

#2 need to figure out the move early on to milk something out of it. So it has to be trading near s/r level

#3 The time that the euro moves on the asian session is 7 Pm and 9 Pm so you'll see small moves during those times.. for most people they are not noticed because they are small range.
There are those who know, and there are those who don't know.
  • #8
  • Oct 8, 2012 9:47pm Oct 8, 2012 9:47pm
I'm a scalper too, but I would not call 17 pips scalping
in and out with 2,3 pips is what I look for, and once in a while if placed at the right place and time, you can let one go for 20 and more
  • #9
  • Oct 8, 2012 10:00pm Oct 8, 2012 10:00pm
agreed, but this is what people define as scalping now.. I'm just going with it lol.

Quoting kentashiburo
I'm a scalper too, but I would not call 17 pips scalping
in and out with 2,3 pips is what I look for, and once in a while if placed at the right place and time, you can let one go for 20 and more
There are those who know, and there are those who don't know.
  • #10
  • Oct 8, 2012 10:03pm Oct 8, 2012 10:03pm
Quoting kentashiburo
I'm a scalper too, but I would not call 17 pips scalping
in and out with 2,3 pips is what I look for, and once in a while if placed at the right place and time, you can let one go for 20 and more
Also on a diffrent note, a scalp can be defined not by the pips, but by the amount of time spent on the trade, essentially to be in and out of the market at shortest period grabbing some pips with you.
There are those who know, and there are those who don't know.
  • #11
  • Oct 8, 2012 10:34pm Oct 8, 2012 10:34pm
Interesting, can you teach a simple scalping strategy that a newbie can easily follow?
Thanks
  • #12
  • Oct 8, 2012 11:55pm Oct 8, 2012 11:55pm
Quoting palabara
#3 The time that the euro moves on the asian session is 7 Pm and 9 Pm so you'll see small moves during those times.. for most people they are not noticed because they are small range.
In that time the spread also bit higher than usual. I'm not with the ECN account, so I'll pass asian session.
In your opinion, what time is the best for scalp. Mine is Frankfurt open till London close.
  • #13
  • Oct 9, 2012 12:24am Oct 9, 2012 12:24am
Quoting koi99
In that time the spread also bit higher than usual. I'm not with the ECN account, so I'll pass asian session.
In your opinion, what time is the best for scalp. Mine is Frankfurt open till London close.
Thats a good session, start of London session gives good intital move(s).. also 9-11 Am EST -- NY Session.

What I like in Asian session is the clear direction and New Zeland and Aussie is good to play based on news because is usually very one sided, no swing moves, the initial move starts and it builds up.
There are those who know, and there are those who don't know.
  • #14
  • Oct 9, 2012 12:26am Oct 9, 2012 12:26am
Quoting slegerman
Interesting, can you teach a simple scalping strategy that a newbie can easily follow?
Thanks
I'll post a simple easy strategy that can be used to scalp, with enough discipline and practice can be easily applied.
There are those who know, and there are those who don't know.
  • #15
  • Oct 9, 2012 1:40am Oct 9, 2012 1:40am
I watch shipping wars, and I'm like thank god. I am full time trader, cause I'd hurt people, in that industry.
There are those who know, and there are those who don't know.
  • #16
  • Oct 9, 2012 2:27am Oct 9, 2012 2:27am
a lot of great moves this early in the London session.. great money opportunites! Hope you guys are catching them.
There are those who know, and there are those who don't know.
  • #17
  • Oct 9, 2012 2:52am Oct 9, 2012 2:52am
After not well digested comments for the euro caused it to almost go 100 pips down in an hour..pre and post..possible pull back to at least 1.2950 before US session? Any thoughts
There are those who know, and there are those who don't know.
  • #18
  • Oct 9, 2012 3:04am Oct 9, 2012 3:04am
My money is on 1.2950 -- reason 1 real money bids are at 1.2910.. profit taking will happen and people will load up on longs news aside.. elevator will take it back up to at least 1.2950ish right now. *loaded up*
There are those who know, and there are those who don't know.
  • #19
  • Oct 9, 2012 6:38am Oct 9, 2012 6:38am
Quoting palabara
My money is on 1.2950 -- reason 1 real money bids are at 1.2910.. profit taking will happen and people will load up on longs news aside.. elevator will take it back up to at least 1.2950ish right now. *loaded up*
Goal achieved, made 80 pips for a nights trading in total. I'm crashing now, happy trades to everyone, cya after nap time.
There are those who know, and there are those who don't know.
  • #20
  • Oct 9, 2012 9:25am Oct 9, 2012 9:25am
Quoting palabara
My money is on 1.2950 -- reason 1 real money bids are at 1.2910.. profit taking will happen and people will load up on longs news aside.. elevator will take it back up to at least 1.2950ish right now. *loaded up*
Hey palabara. I actually stopped trading for a while to focus on something that was actually making me money. I always liked scalping, but never managed to achieve constant profitability. I remember watching the Asian and European markets for hours on end.. ahh memories

I'm curious about the basis for your above statement regarding the real money being at 1.2910. A quick glance at the charts doesn't reveal anything to me. What am I missing?
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