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Genuine 5m 4R/R system

  • #1,061
  • Jun 16, 2014 7:45am Jun 16, 2014 7:45am
Quoting rifid
Very untidy night ,not much good for anything,even hard to find a descent scalp
Rifid,

Thank you for the chart. It's very helpful. What are your thoughts about the GU trade earlier? Did you take it? If not, what was your reasoning? Just trying to get a good understanding how you approach your own strategy.

Best,
EG
I'm a dog chasing cars.
  • #1,062
  • Jun 16, 2014 7:55am Jun 16, 2014 7:55am
Quoting 2121
{quote} GJ @ 172.735 looks good worth 4:1. IMO
Last retrace very untidy,should be i smooth retrace not multiple retraces ,not a trade.
patience is bitter, but its fruit is sweet
  • #1,063
  • Jun 16, 2014 7:59am Jun 16, 2014 7:59am
Quoting rifid
{quote} Last retrace very untidy,should be i smooth retrace not multiple retraces ,not a trade.
You mean the one before the final retrace, that closed higher ?
  • #1,064
  • Jun 16, 2014 8:00am Jun 16, 2014 8:00am
Quoting ElectroGypsy
{quote} Rifid, Thank you for the chart. It's very helpful. What are your thoughts about the GU trade earlier? Did you take it? If not, what was your reasoning? Just trying to get a good understanding how you approach your own strategy. Best, EG
No i didnt take it as i was busy doing other things, but i would have for a scalp only as there was support close by. the second point was slightly higher but not enough to void the trade .
patience is bitter, but its fruit is sweet
  • #1,065
  • Jun 16, 2014 8:08am Jun 16, 2014 8:08am
Was it a good one for a scalp, earlier today ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadm5.png Size: 23 KB
  • #1,066
  • Jun 16, 2014 8:13am Jun 16, 2014 8:13am
Quoting 2121
{quote} You mean the one before the final retrace, that closed higher ?
After the 2nd point the retrace was comming down for an entry but didnt make it then price turned and made a higher high before coming back to entry line. You want to look for a smooth retrace, does that make sense?
patience is bitter, but its fruit is sweet
  • #1,067
  • Jun 16, 2014 8:17am Jun 16, 2014 8:17am
Quoting Brdino
Was it a good one for a scalp, earlier today ? {image}
Yes nice clean setup, infact if you go out to a 1h chart you would have found plenty of room for a 20 pipper.
patience is bitter, but its fruit is sweet
  • #1,068
  • Jun 16, 2014 8:21am Jun 16, 2014 8:21am
Quoting rifid
Only taken me 2 hrs to load this, sorry if it looks a bit scrappy. But it shows the main setups we are looking for. i'll go thru them one by one. No 1. Standard setup in up/down trend ,second point can be slightly higher but not lower. No3. My favourite and most successful setup, points forming a long consolidation of a longer term trend,can have multiple in- line points. No2. THIS IS NOT A VALID SETUP, you cannot combine points from both up/down trends ,this is a reversal pattern like head and shoulders,not part of this method. No4. This is a setup...
rifid thank you so much for your time. Really appreciate them.
Happy pip hunting everyone!!
  • #1,069
  • Jun 16, 2014 9:26am Jun 16, 2014 9:26am
chf/jpy forming, for scalp maybe
  • #1,070
  • Jun 16, 2014 9:30am Jun 16, 2014 9:30am
Quoting Brdino
chf/jpy forming, for scalp maybe
scalp maybe, but look out for SR on HTF
  • #1,071
  • Jun 16, 2014 9:34am Jun 16, 2014 9:34am
doesn't look clean anyway
  • #1,072
  • Jun 16, 2014 10:42am Jun 16, 2014 10:42am
CJ 93.81 looked smooth and clean, but second point was too low. Enough space as a scalp trade.
  • #1,073
  • Jun 16, 2014 10:57am Jun 16, 2014 10:57am
Quoting 2121
CJ 93.81 looked smooth and clean, but second point was too low. Enough space as a scalp trade.
+5 scalp =2%
patience is bitter, but its fruit is sweet
  • #1,074
  • Jun 16, 2014 11:05am Jun 16, 2014 11:05am
Thats it for me tonght,average day today, only small profit ,missed out on 1 or 2 20 pip trades as i wasnt aware of them till to late, have to find a solution to that so everybody can get them, bit hard to search all the pairs all the time. Any ideas guys? Anyway goodnight.
patience is bitter, but its fruit is sweet
  • #1,075
  • Jun 16, 2014 11:05am Jun 16, 2014 11:05am
Quoting rifid
{quote} +5 scalp =2%
Haha, great mate, smooth and clean.
  • #1,076
  • Jun 16, 2014 8:23pm Jun 16, 2014 8:23pm
Good morning, how did everyone go last night,, looked a bit quiet and messy the last few hours, although looking back i did see a few good scalps around, at least 3, 2 where winners.
Good trading to everybody today
patience is bitter, but its fruit is sweet
  • #1,077
  • Jun 16, 2014 8:29pm Jun 16, 2014 8:29pm
Good morning everyone. Let's find setup today.
  • #1,078
  • Jun 16, 2014 8:33pm Jun 16, 2014 8:33pm
Hopefully we will see a bit more direction in the market today, man cannot live on scalps alone, Fun to trade but we want the 8% ers.
patience is bitter, but its fruit is sweet
  • #1,079
  • Jun 16, 2014 8:36pm Jun 16, 2014 8:36pm
Quoting rifid
Hopefully we will see a bit more direction in the market today, man cannot live on scalps alone, Fun to trade but we want the 8% ers.
couldn't agree more!
  • #1,080
  • Jun 16, 2014 8:56pm Jun 16, 2014 8:56pm
First entry of the day u/j at least a scalp maybe more
patience is bitter, but its fruit is sweet
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