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Trading EURUSD only

  • #42,021
  • Apr 4, 2013 8:47am Apr 4, 2013 8:47am
exectly
woooohooooooo
Quoting Mr. Scott
woohoo!
  • #42,022
  • Apr 4, 2013 8:48am Apr 4, 2013 8:48am
we should wait D1 close to see the whats next

Quoting stevewalker
if today close @ 2845 I will not surprise I will not trade that idea but poss. if then I can make a good prediction
  • #42,023
  • Apr 4, 2013 8:49am Apr 4, 2013 8:49am
mario reworded very well today
Attached Image (click to enlarge)
Click to Enlarge Name: gt.PNG Size: 46 KB
  • #42,024
  • Apr 4, 2013 8:49am Apr 4, 2013 8:49am
waiting for the pull back
  • #42,025
  • Apr 4, 2013 8:49am Apr 4, 2013 8:49am
Quoting Robby
I would like to see it...interesting in how this group in here can scalp with such success...this should be renamed the eur/usd scalping
because were afraid of holding...on...
  • #42,026
  • Apr 4, 2013 8:52am Apr 4, 2013 8:52am
Quoting stevewalker
happens migs we all had loss still having & will have bounce failed & turned now its @ 2850 weird
Yea first couple waves more corrective in nature, I should of seen that. Hopefully will get signs of more impulsive waves up, if not same of the old flat!
  • #42,027
  • Apr 4, 2013 8:53am Apr 4, 2013 8:53am
Quoting MeInGraySuit
waiting for the pull back
ditto hope we get o decent one could be rotating from here jobless# tmrrw...
  • #42,028
  • Apr 4, 2013 8:54am Apr 4, 2013 8:54am
Out of long @ 1.2785 for +59 Ms Market looks tired.

Sometimes you just have to take the money and run, can always reneter.
Trade smaller than rational because the market is irrational...
  • #42,029
  • Apr 4, 2013 8:54am Apr 4, 2013 8:54am
Well all I can say is I have not seen a group of people who are so good at picking out the micro moves of a currency. I do think you people a very good but most of the time this group is going different than the bigger picture. But you guys are very good, I will say that from watching you guys in action for the last 2 weeks!
Quoting TraderPablo
because were afraid of holding...on...
  • #42,030
  • Apr 4, 2013 8:57am Apr 4, 2013 8:57am
Quoting Robby
I would like to see it...interesting in how this group in here can scalp with such success...this should be renamed the eur/usd scalping
Here it is brother. It was given to me last night by a trader who gave me my start. A man WAY smarter than me. Mr. Fisher

I cant find a MT4 indo for this so I just used their settings for the standard RSI
Attached File(s)
File Type: pdf ConnorsRSI.pdf   585 KB | 2,201 downloads
Trade smaller than rational because the market is irrational...
  • #42,031
  • Apr 4, 2013 9:01am Apr 4, 2013 9:01am
Could you post a chart with this ConnorsRSI would like to see what it showed to make you go in and out by catching the turn points
Quoting EuroTraderJD
Here it is brother. It was given to me last night by a trader who gave me my start. A man WAY smarter than me. Mr. Fisher I cant find a MT4 indo for this so I just used their settings for the standard RSI {image}
  • #42,032
  • Apr 4, 2013 9:01am Apr 4, 2013 9:01am
Quoting Robby
Well all I can say is I have not seen a group of people who are so good at picking out the micro moves of a currency. I do think you people a very good but most of the time this group is going different than the bigger picture. But you guys are very good, I will say that from watching you guys in action for the last 2 weeks!
IMO I think to pick micro moves you have to use small TF (that is Mr. Obvious I know) but also change the settings on your indos to smaller values.

Steve did a GREAT job of determining why 14 is used on longer TFs which is valid and the numbers support his position.

For hyper scalping I use smaller settings. Its all proportional.

I have said before time in the market is also risk. Get in get out with a profit and re enter. Important if you trade small sizes like I do because of my no SL system
Trade smaller than rational because the market is irrational...
  • #42,033
  • Apr 4, 2013 9:07am Apr 4, 2013 9:07am
Quoting Robby
Could you post a chart with this ConnorsRSI would like to see what it showed to make you go in and out by catching the turn points
I will most certainly post a chart. PLEASE NOTE I do not use the ConnersRSI for getting in and out exclusively. Just for confirmation with other indos. I cant use it as my main trigger because there isnt a coded indo for it so I just adapted some of the main settings into the standard RSI

My main trigger is the 5 & 15 X in relation to PA and HSR 30M Fib I am just experimenting with the ConnersRSI settings since last night.

If above 50 and PA above the 5 SMA which is above the 15 then its bullish. above 90 on the RSI then its overbought. under 10 oversold.

Opposite for shorts.

See shoulda woulda coulda listened to the RSI Ms Market took a break when I got out and then went higher. Oh well no one ever went broke taking a profit.
Trade smaller than rational because the market is irrational...
  • #42,034
  • Apr 4, 2013 9:09am Apr 4, 2013 9:09am
Got an existing long @94 lets see if Ms Market will give it a kiss and take it along with her.
Trade smaller than rational because the market is irrational...
  • #42,035
  • Apr 4, 2013 9:13am Apr 4, 2013 9:13am
Well I never was a success at micro moves or scalping. Never could get in and out quick enough. I am very good at seeing were it is going weeks ahead. That is what I am doing now. I do not know what people in here trade lot size. I am using 100K lots and currently holding 25 lots long with an avg of 1.2771 looking for above 1.36 with a stop at 1.2536 for a higher low on the weekly and daily higher low back in nov-dec 12. What I am doing. I have taken a few lots in and out above my general position long. Trying to play the small micro moves. Why I am amazed at how good everyone in here is at getting in and out.
Quoting EuroTraderJD
IMO I think to pick micro moves you have to use small TF (that is Mr. Obvious I know) but also change the settings on your indos to smaller values. Steve did a GREAT job of determining why 14 is used on longer TFs which is valid and the numbers support his position. For hyper scalping I use smaller settings. Its all proportional. I have said before time in the market is also risk. Get in get out with a profit and re enter. Important if you trade small sizes like I do because of my no SL system
  • #42,036
  • Apr 4, 2013 9:17am Apr 4, 2013 9:17am
incredible move

in 1 bar everthing changed
  • #42,037
  • Apr 4, 2013 9:22am Apr 4, 2013 9:22am
Quoting Robby
Well I never was a success at micro moves or scalping. Never could get in and out quick enough. I am very good at seeing were it is going weeks ahead. That is what I am doing now. I do not know what people in here trade lot size. I am using 100K lots and currently holding 25 lots long with an avg of 1.2771 looking for above 1.36 with a stop at 1.2536 for a higher low on the weekly and daily higher low back in nov-dec 12. What I am doing. I have taken a few lots in and out above my general position long. Trying to play the small micro moves. Why...
What percentage of margin do you use?
  • #42,038
  • Apr 4, 2013 9:22am Apr 4, 2013 9:22am
Quoting Robby
Well I never was a success at micro moves or scalping. Never could get in and out quick enough. I am very good at seeing were it is going weeks ahead. That is what I am doing now. I do not know what people in here trade lot size. I am using 100K lots and currently holding 25 lots long with an avg of 1.2771 looking for above 1.36 with a stop at 1.2536 for a higher low on the weekly and daily higher low back in nov-dec 12. What I am doing. I have taken a few lots in and out above my general position long. Trying to play the small micro moves. Why...
We all have our gifts and yours is longer term. I am thankful that you are here due to your perspective.
Trade smaller than rational because the market is irrational...
  • #42,039
  • Apr 4, 2013 9:23am Apr 4, 2013 9:23am
shrt 2 71 tp 1 64 rest watch
  • #42,040
  • Apr 4, 2013 9:25am Apr 4, 2013 9:25am
Probably true:

FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that comments from ECB President Draghi reiterating that the commitment to the euro is "vastly under-estimated" has helped the euro claw back its earlier losses entirely, and a move above $1.2855, especially on a close basis, would be a very constructive technical development.

He notes that Draghi seemed to get frustrated at the press conference with hypothetical questions about a Cyprus exit, to which he commented that there is no Plan B. Further, Chandler notes that Draghi argued that Cyprus is neither a turning point nor a template which has been his view as well. He writes, “Each episode during the crisis has seen European officials innovate and build institutional capacity. It is not quite the same EU or ECB as it was in 2010 when the Greek revelations were first made.” Separately, he adds that Draghi noted that the Emergency lending Assistance does not have seniority and ELA is loans from a national central abnk. He writes, “Banks turn to the ELA facility when they do not have collateral acceptable to the ECB. This seems to throw the ELA out of the official sector and toward the sector that can participate in haircuts and losses.”
Trade smaller than rational because the market is irrational...
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