Dislikedthank you.
DaEdge, I assume your still in some yen crosses. I was targeting 123 for ej, and 92 for uj. my tp for gj is still undetermined. what you think?Ignored
It works till it doesn't
I've just started scalping this pair, I'm not doing so well at the moment. But there is a new week ahead! I just was not expecting big moves in such a short period of time, up to 10 pips in seconds... sometimes I feel like I can't even click fast enough lol. I have my trade explorer set up on my testing/development account (yes I develop systems on live trades 
)
Is anyone else scalping? It seems like you can get a lot of profit out of these 5-10 minute trades, and my broker offers a decent spread (under 2 pips) for this pair.
)Is anyone else scalping? It seems like you can get a lot of profit out of these 5-10 minute trades, and my broker offers a decent spread (under 2 pips) for this pair.
- | Additional Username | Joined Jan 2013 | 390 Posts
I've just started scalping this pair, I'm not doing so well at the moment. But there is a new week ahead! I just was not expecting big moves in such a short period of time, up to 10 pips in seconds... sometimes I feel like I can't even click fast enough lol. I have my trade explorer set up on my testing/development account (yes I develop systems on live trades
Is anyone else scalping? It seems like you can get a lot of profit out of these 5-10 minute trades, and my broker offers a decent spread (under 2 pips) for this pair.
1) Use stop losses of about 3 to 6 points.
2) The price which you use as a stop loss. Is the place you put a pending order in the opposite direction of the loss.
3) Always wait for proper scalping formations.
What I've come to notice is, you have 1 candle which determines the swift change in price. I'm only referring to scalping. That one candle you will never be able to enter at its start, because its usually a 5 to 10 point 1 min candle. Yet, you can accurately predict that price by using a pending order. I'm actually discussing that method on the following thread.
http://www.forexfactory.com/showthread.php?t=405552
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
I took a short from 119.92, I've taken 45 pips off. I use a 15 pip stop and have left the other 2 to run. I got stop out of my long from 120.09 that I took when the market opened. Next target is 119.05.
120 area isn't a bad place to short, so I'll keep the last lot open and see how she runs. Tomorrow will be interesting regards Japan news.
This pair looks quite nice if you put a fib on the 4 hour chart from mid November until now.
Just need e/u to crack 1.33 to help us down.
Hope we all have a good week.
120 area isn't a bad place to short, so I'll keep the last lot open and see how she runs. Tomorrow will be interesting regards Japan news.
This pair looks quite nice if you put a fib on the 4 hour chart from mid November until now.
Just need e/u to crack 1.33 to help us down.
Hope we all have a good week.
FF journal: Peaks and Troffs
- | Joined Dec 2011 | Status: Member | 53 Posts
well, montly R2 made the Giant butterfly resisten.
fiuh i fill to shoot cus look like jump to the ground.
fiuh i fill to shoot cus look like jump to the ground.
- | Joined Dec 2011 | Status: Mrs. | 1,178 Posts
117.92
the 3% down fall will start now.
[ive bought a seiko, just to help the yen, let's see]
the 3% down fall will start now.
[ive bought a seiko, just to help the yen, let's see]
I'll shop after the drop
- | Joined Dec 2011 | Status: Mrs. | 1,178 Posts
Nice long set up on the daily for a long of the demand area.
[meanwhile, i'll get rich, just like you]
I'll shop after the drop
