EU long scout?
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- #71,203
- May 12, 2014 9:03am May 12, 2014 9:03am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Eur/JPY Quick scalp on not best retrace position after classic. {image}
You're getting good at this
IMO, Just be careful, might have another re-test of the demand/support zone and more downside possible low buying volume. 
Regards,
Cigarguy
Keep It Simple
- #71,206
- May 12, 2014 9:20am May 12, 2014 9:20am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} I see potential retrace on EU, Dragon is facing north and price was at resistance level, so i took a Scout. I already set my TP and SL and I am not gonna touch them. If price go lower, SL hit, if go up, I'll add Classic trade.. Very good Risk:Reward Ratio. let the market decide. {image}
I agree. Kind of doing the same. Now a classic would be nice!
Regards,
Cigarguy
Keep It Simple
- #71,208
- May 12, 2014 9:27am May 12, 2014 9:27am
{quote} Jouker, You're getting good at this
Ok, thanks!
I will look on that.
Jouker
I added a few long trades in metals last Friday, closed all trades with 700+ pips altogether. XAUUSD, long Scout, the price whack down and whip up above 1/4 numbers with high volume. I have a questions, If you guys were holding that trade, the red rectangular box is a nice EP to add position, right? XAGUSD, long Scout as well, the reason are similar with gold. Edited: I closed the trades in different time, as I was quite unconfident in myself, so decided to close partially, run for profit Dear senior Sonicers and Tah, please give me some comments....
- #71,213
- May 12, 2014 9:41am May 12, 2014 9:41am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts | Online Now
- #71,214
- May 12, 2014 9:46am May 12, 2014 9:46am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #71,215
- May 12, 2014 9:54am May 12, 2014 9:54am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURUSD: What bothers me about "longing" is the Dragon is flat and below the Trend, which is still angled down. I have seen neither a spike up nor down which might indicate position building for an impending move. So, it has me thinking nothing happens until tomorrow. I could be wrong, have been before. {image}
Yes, but not often
I'm concerned about re-test of demand/support zone 1.375X area just above half number.Regards,
Cigarguy
Keep It Simple
- #71,216
- May 12, 2014 10:01am May 12, 2014 10:01am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts | Online Now
- #71,217
- Edited 10:30am May 12, 2014 10:04am | Edited 10:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} TAH, Yes, but not often
Now PA is being driven low again. This might be the start of another bear leg down, but there was no spike up today to indicate clearing out of liquidity for shorting. So, this move down might be the clearing out of liquidity for longing. If the move down goes below the half number and PA again moves up, possibly we will get a new and better Classic long setup, maybe with entry above 3/4 Level. Time will tell.
If this happens, it would be a counter H1 trend Classic - a retrace in the H1 down trend - which could go for some nice pips but would need to be watched like a hawk. If this does not happen then maybe PA will do a spike up at some point to show more of cleaning out of liquidity for shorting, in which case we then look for a Classic short.
- #71,218
- May 12, 2014 10:15am May 12, 2014 10:15am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
