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Scalp, scalp, scalp

  • #2,381
  • Jan 10, 2014 2:07am Jan 10, 2014 2:07am
short on cable,will manage entry 71 level
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  • #2,382
  • Jan 10, 2014 2:14am Jan 10, 2014 2:14am
closed for couple of pips,no reaction,on fence
  • #2,383
  • Jan 10, 2014 2:34am Jan 10, 2014 2:34am
scalping long off the daily and hour average 16465 manage at open price
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  • #2,384
  • Jan 10, 2014 2:52am Jan 10, 2014 2:52am
closed at spread cost,watching paint dry,
  • #2,385
  • Jan 10, 2014 3:32am Jan 10, 2014 3:32am
thats more like it on this drop from 50 level
  • #2,386
  • Jan 10, 2014 3:35am Jan 10, 2014 3:35am
16396 next level of support daily split low
  • #2,387
  • Jan 10, 2014 3:40am Jan 10, 2014 3:40am
closed 08 40 pips,really should have been more ,the entry was the retest of the of daily average 65 level
  • #2,388
  • Jan 10, 2014 4:01am Jan 10, 2014 4:01am
things settled a little,im long from 16409 my closing point from previous short.will manage at entry
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  • #2,389
  • Jan 10, 2014 4:14am Jan 10, 2014 4:14am
didnt happen 5 pip loss,will watch for 96 level
  • #2,390
  • Jan 10, 2014 9:07am Jan 10, 2014 9:07am
prices working lovely off the averages and s highs.16534 looks good daily split high in continued buying.

traded the early part from the fractal break.also to fill .

have a good wkend
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  • #2,391
  • Jan 10, 2014 10:36am Jan 10, 2014 10:36am
could not resist one last trade short on cable stop b/e,let this ride take profit 55
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  • #2,392
  • Jan 10, 2014 3:57pm Jan 10, 2014 3:57pm
Hmm...You trade GBPUSD but you look at pairs that don't have GBP or USD in them...I don't see the logic. If I was trading solely GBPUSD, It would make more sense to look only at GBPUSD, GBPCHF, GBPCAD, GBPAUD, GBPJPY, GBPNZD...
  • #2,393
  • Jan 11, 2014 1:48pm Jan 11, 2014 1:48pm
just to conclude last weeks trades.my short from 83 l3vel failed i had take profit set to 55 26 pip profit,but missed target by .8th of a pip.umm that was unlucky.
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  • #2,394
  • Jan 11, 2014 2:07pm Jan 11, 2014 2:07pm
Quoting pbylina
Hmm...You trade GBPUSD but you look at pairs that don't have GBP or USD in them...I don't see the logic. If I was trading solely GBPUSD, It would make more sense to look only at GBPUSD, GBPCHF, GBPCAD, GBPAUD, GBPJPY, GBPNZD...
That is a very good question.

there are many reasons why i do not just study the gbp pairs.

firstly im trying to establish if the market is generally in range.

im also establishing which ways the money flows are going. yen,doller or the risk currencies pound, euro chf.

im looking to establish when the market is in total agreement .in synce .when this happens the market breaths as one,this smooths out individual news related moves which are very short term.

with this information i know how im going to trade.im also looking for the lead currency.

i also need to establish the stalling point in the market.this is the point were the majority of pairs have reached supp/Resistance.they have reached there bottom or top of range.i use this for entry on my range trading.if other pairs start breaking range i can anticipate a break out.if they stall i can trade the range.

this lists a few ways i use these pairs.there are many uses
  • #2,395
  • Jan 11, 2014 3:23pm Jan 11, 2014 3:23pm
Quoting diceman555
{quote} That is a very good question. there are many reasons why i do not just study the gbp pairs. firstly im trying to establish if the market is generally in range. im also establishing which ways the money flows are going. yen,doller or the risk currencies pound, euro chf. im looking to establish when the market is in total agreement .in synce .when this happens the market breaths as one,this smooths out individual news related moves which are very short term. with this information i know how im going to trade.im also looking for the lead currency....

Oh ok - riskon/off.

But it seems impossible. I monitor 1 pair and can observe it's price action -up,down,up,down. But I don't know how it's possible to observe all those pairs price action. Like some might be going down and some up seems impossible to monitor all of that...I guess I'll have to try it in order to find out. Your a pro.
  • #2,396
  • Jan 12, 2014 4:56pm Jan 12, 2014 4:56pm
Quoting pbylina
{quote} Oh ok - riskon/off. But it seems impossible. I monitor 1 pair and can observe it's price action -up,down,up,down. But I don't know how it's possible to observe all those pairs price action. Like some might be going down and some up seems impossible to monitor all of that...I guess I'll have to try it in order to find out. Your a pro.
yes and no,im very intraday but does have baring on points made in last paragragh
im only looking at there value change,i note the values of only key currencies generally the doller pairs.the rest I glance over.im looking were the values stall,there s/r levels.

example,if the values are all mixed ie,some positive some negative this indicates random price movement within there given ranges.hence if the majority are stalling and turning I can be more confident of trading the range.i can pin point entry prices from those stalling points and my calculated levels.

on Friday when cable was rising I posted that I would expect price to reach the daily split high level it had just made a higher high.not long after posting I determined from the related pairs values that they had all stalled and some were drifting back but not like a retracement should look,they were exhausted.i could tell the market was not going to make any highs,so I shorted albeit 1 pip from my take profit.but I was out so didn't capitalize on it.you see it guides me.

when there is total agreement in the market ,lets say the market is long everthing on the values will be blue positive with the exemption of usd/cad and usd /chf which will be red .the doller being sold across the board ,into yen pound euro aussie and chf.that's not happening so much at present due to policies of government interest in there currencies but when it does it looks like a piece of music .that's were you can collect 150 pips of intraday trending,total market agreement.
  • #2,397
  • Jan 12, 2014 6:02pm Jan 12, 2014 6:02pm
Quoting diceman555
{quote} yes and no,im very intraday but does have baring on points made in last paragragh im only looking at there value change,i note the values of only key currencies generally the doller pairs.the rest I glance over.im looking were the values stall,there s/r levels. example,if the values are all mixed ie,some positive some negative this indicates random price movement within there given ranges.hence if the majority are stalling and turning I can be more confident of trading the range.i can pin point entry prices from those stalling points and...
Ok sir, I will see what I can do. Thanks.
  • #2,398
  • Jan 13, 2014 4:55am Jan 13, 2014 4:55am
hi ,

presently not holding any open positions.my only trades have been scalps of the monthly averaged.yes were back trading around the big t/f averages.
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  • #2,399
  • Jan 13, 2014 5:32am Jan 13, 2014 5:32am
again just scalping the big averages for 4 0r 5 pips
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  • #2,400
  • Jan 13, 2014 6:38am Jan 13, 2014 6:38am
again scalping the averages,this was just below ,at stalling point
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