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The similarity system

  • #7,641
  • Sep 9, 2014 3:03am Sep 9, 2014 3:03am
Quoting vlady1974
Scalping a long from 2872, aiming for 2920ish
Dang... I had 10 pips on the table when I put the SL to BE. Triggered and I'm out. LOL
A pip is only worth it if you know how much you risked to earn it
  • #7,642
  • Sep 9, 2014 3:04am Sep 9, 2014 3:04am
Quoting josh11
Added to my short's at 1.2990!
SL now at BE
  • #7,643
  • Sep 9, 2014 3:05am Sep 9, 2014 3:05am
Quoting josh11
Added to my short's at 1.2990!
Nice one Josh. I missed that boat. Was in the bathroom. Doesn't look like a chance of a retrace either.
A pip is only worth it if you know how much you risked to earn it
  • #7,644
  • Sep 9, 2014 3:23am Sep 9, 2014 3:23am
Yep I missed it as well but there will be other opportunities.
  • #7,645
  • Sep 9, 2014 3:23am Sep 9, 2014 3:23am
dont think we will go down easily. 1.2890 was a good short. i think we wil retest 1.2890 and maybe 1.2920 before down. just my opinion
  • #7,646
  • Sep 9, 2014 3:30am Sep 9, 2014 3:30am
FIRST MISTAKE:
trading should be emotion free
SECOND MISTAKE;
just becouse i posted my idea (like you do which has nothing to do with this thread)
ok ok forget it youre ignored
  • #7,647
  • Sep 9, 2014 3:52am Sep 9, 2014 3:52am
THERE's a dissimilarity at current price level 1.2870 15tf using eur/usd method from first post's
so it's safe to say that price will pull away from that place,and will come back before it take;s off
TRADING IDEA would be to wait and let the price come to you before you enter long or short
  • #7,648
  • Sep 9, 2014 4:10am Sep 9, 2014 4:10am
So it did retrace. Glad I was wrong. Added shorts at 2871 and 2882 and pendings at 60. I would have had 90 if I was more awake. Meh. Let's not get greedy.
Nothing has changed as far as circumstances go. 80,70,60 should cover the 1.28 range.

Edit: And whaddya know. Short added at 2890
A pip is only worth it if you know how much you risked to earn it
  • #7,649
  • Sep 9, 2014 4:14am Sep 9, 2014 4:14am
Quoting ephisi
dont think we will go down easily. 1.2890 was a good short. i think we wil retest 1.2890 and maybe 1.2920 before down. just my opinion
i suspected it was a bear trap. nice
  • #7,650
  • Sep 9, 2014 4:18am Sep 9, 2014 4:18am
Just put a sell @ 2888, SL @2899
  • #7,651
  • Sep 9, 2014 4:19am Sep 9, 2014 4:19am
Quoting ephisi
dont think we will go down easily. 1.2890 was a good short. i think we wil retest 1.2890 and maybe 1.2920 before down. just my opinion
wont be taking shorts till 1.2920. if we dont get there today then some other day. will look for new levels
  • #7,652
  • Sep 9, 2014 4:41am Sep 9, 2014 4:41am
News in just over an hour will hopefully get things rolling. Chop zone until then.
15M shows a LH and LL though.
A pip is only worth it if you know how much you risked to earn it
  • #7,653
  • Sep 9, 2014 5:03am Sep 9, 2014 5:03am
Quoting vlady1974
News in just over an hour will hopefully get things rolling. Chop zone until then. 15M shows a LH and LL though.
My Zone from morning for short was 12890-12900 this is where I shorted from and believe this could be high of day!

As I saw it pullback I took my BE back to SL, as its only 10 pips

GL
  • #7,654
  • Sep 9, 2014 5:06am Sep 9, 2014 5:06am
in my scalping days i would have scalped long at 1.2981 now. lol, but No more
  • #7,655
  • Sep 9, 2014 5:08am Sep 9, 2014 5:08am
Quoting josh11
{quote} My Zone from morning for short was 12890-12900 this is where I shorted from and believe this could be high of day! As I saw it pullback I took my BE back to SL, as its only 10 pips GL
where you been bro! was looking out for your levels cos i know we would be in sync. lol like i said earlier 1.2890 nwas a good short but we would retest it. and most likely higher. 1.2912 before 1.2920
  • #7,656
  • Sep 9, 2014 5:10am Sep 9, 2014 5:10am
Quoting ephisi
{quote} where you been bro! was looking out for your levels.
Read some thing on here ppl posted and thought twice!
  • #7,657
  • Sep 9, 2014 5:14am Sep 9, 2014 5:14am
Quoting josh11
{quote} Read some thing on here ppl posted and thought twice!
lol, dont be a people trader
  • #7,658
  • Sep 9, 2014 5:16am Sep 9, 2014 5:16am
Quoting ephisi
in my scalping days i would have scalped long at 1.2981 now. lol, but No more
then would have moved stop to Breakeven. 1.2994 is at risk of giving way
  • #7,659
  • Sep 9, 2014 5:18am Sep 9, 2014 5:18am
Quoting ephisi
in my scalping days i would have scalped long at 1.2981 now. lol, but No more
I think that's a wise move and possibly a better use of your time. You could load more on position... ie. Lots or Qty or whatever... and easily make the amount of $£$ on the counter-scalp, without having to manage the smaller timescale.

Better Reward to Effort (ROE) ratio in addition to the ROI.
A pip is only worth it if you know how much you risked to earn it
  • #7,660
  • Sep 9, 2014 5:18am Sep 9, 2014 5:18am
Quoting ephisi
{quote} then would have moved stop to Breakeven. 1.2994 is at risk of giving way
less than 1pip drawdown
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