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  • #969,121
  • Mar 13, 2015 2:08pm Mar 13, 2015 2:08pm
Quoting Rtm
Just shorted 3 big lots of eurusd! What is stopping this pair now?
I suspect your using an EA which I also use :-)
  • #969,122
  • Mar 13, 2015 2:08pm Mar 13, 2015 2:08pm
Quoting navk
{quote} And ill be back
Placed a Tiny SHORT at 1.04939
GAP UP or DOWN I think this will move DOWN to 1.03912 then UP

Quoting ill_be_back
{quote} 1.03912
A good trader follows his rules, but great trader knows when to break them
  • #969,123
  • Mar 13, 2015 2:09pm Mar 13, 2015 2:09pm
Quoting sisse
{quote} Y I would prefer a close below 1.049x but above 1.047x ...if that make any sense... sisse
Quoting gatorinla
{quote} market closed... bold for a scalper to place a trade at close. when spread widens to over 5
..... and we roll.... After a long long long wait since the debt crisis started the Leg to Parity Officially has been unlocked. A landmark for the euro and a landmark for this thread...

In any case, Parity unlocked for the larger swing move but with a fairly BULLISH weekly roll. Only level to track till the FOMC is 1.053x. A break back up opens a very tradable leg to 1.082x (with the obvious support from the FED). Noting to see to the short side at these levels until further data ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #969,124
  • Mar 13, 2015 2:10pm Mar 13, 2015 2:10pm
Quoting Rtm
{quote} Welcome to the good life of trading, bro! I am pro scalper make about 4% daily in the morning before london open and around london open, trades last for seconds then im done for the day! No risk, always hard stoploss if it decides to flip against usually 5 pips.
a tough row to hoe at close
those who can, do. those who cant, talk about those who can
  • #969,125
  • Mar 13, 2015 2:10pm Mar 13, 2015 2:10pm
Quoting gatorinla
{quote} market closed... bold for a scalper to place a trade at/near close. when spread widens to over 5 pips and thats the stop loss. . micro seconds sounds better. in out when button is pushed with a loss
This EA actually has a very very high success rate and is in the market for no more than 20 pips.

It opened up a trade for me too at 1.0492.....FINGERS CROSSED!
  • #969,126
  • Mar 13, 2015 2:11pm Mar 13, 2015 2:11pm
short down to 1.0378
  • #969,127
  • Mar 13, 2015 2:12pm Mar 13, 2015 2:12pm
Quoting gatorinla
{quote} market closed... bold for a scalper to place a trade at close.

Hi Gatorinla,

I am learning a lot following you, Sisse, and others posts. However, I think I would have understood better if I knew your jargons better, and of course the years of experience. I can't expect you guys talk like non-pros, but perhaps you could recommend some topics/key considerations for me to research on my own?
I am reading some books in the meantime, and I do have degrees in economics and finance, and was a top performer academically.
Specifically I cannot understand what kind of implications the closings of the daily, weekly, monthly have on the next session...I have seen you and Sisse discussing it...

Thank you!!
  • #969,128
  • Mar 13, 2015 2:13pm Mar 13, 2015 2:13pm
Looks like at least a short term low is in place for the beginning of next week. In my opinion price will visit 1.0545 before possibly breaking lower.
  • #969,129
  • Mar 13, 2015 2:15pm Mar 13, 2015 2:15pm
Quoting sisse
{quote} {quote} ..... and we roll.... After a long long long wait since the debt crisis started the Leg to Parity Officially has been unlocked. A landmark for the euro and a landmark for this thread... In any case, Parity unlocked for the larger swing move but with a fairly BULLISH weekly roll. Only level to track till the FOMC is 1.053x. A break back up opens a very tradable leg to 1.082x (with the obvious support from the FED). Noting to see to the short side at these levels until further data ... sisse
we got that 0525 R to help limit exposure.
those who can, do. those who cant, talk about those who can
  • #969,130
  • Mar 13, 2015 2:22pm Mar 13, 2015 2:22pm
Quoting fxtrader08
{quote} This EA actually has a very very high success rate and is in the market for no more than 20 pips. It opened up a trade for me too at 1.0492.....FINGERS CROSSED!
if that ea has a clock setting.. this time of the day (Friday) for a 20 pip scalp is bad business. first off spread is probably 10 pips. second gaps can go either way. if u get one against u, on a scalp size trade. by Sunday u may have a margin call. its non of my business, just friendly advice
those who can, do. those who cant, talk about those who can
  • #969,131
  • Mar 13, 2015 2:24pm Mar 13, 2015 2:24pm
Quoting gatorinla
{quote} if that ea has a clock setting.. this time of the day (Friday) for a 20 pip scalp is bad business. first off spread is probably 10 pips. second gaps can go either way. if u get one against u, on a scalp size trade. by Sunday u may have a margin call. its non of my business, just friendly advice
I wouldnt call it a scalp......it has a 110 pip stop loss. Very risky for 20 pips but has a 94% success rate. Just hope this one doesnt fall into the 6%.
  • #969,132
  • Mar 13, 2015 2:25pm Mar 13, 2015 2:25pm
Quoting sisse
{quote} {quote} ..... and we roll.... After a long long long wait since the debt crisis started the Leg to Parity Officially has been unlocked. A landmark for the euro and a landmark for this thread... In any case, Parity unlocked for the larger swing move but with a fairly BULLISH weekly roll. Only level to track till the FOMC is 1.053x. A break back up opens a very tradable leg to 1.082x (with the obvious support from the FED). Noting to see to the short side at these levels until further data ... sisse
Why suddenly a fairly bullish weekly roll??? How do you reach such conclusion? What should I look at????? I get the fundamentals, but the technical part really puzzles me. I am reading books. Don't just want free lunch.

Thank you!
  • #969,133
  • Mar 13, 2015 2:27pm Mar 13, 2015 2:27pm
Quoting Shunyi
{quote} Hi Gatorinla, I am learning a lot following you, Sisse, and others posts. However, I think I would have understood better if I knew your jargons better, and of course the years of experience. I can't expect you guys talk like non-pros, but perhaps you could recommend some topics/key considerations for me to research on my own? I am reading some books in the meantime, and I do have degrees in economics and finance, and was a top performer academically. Specifically I cannot understand what kind of implications the closings of the daily, weekly,...
pay attention to sissi. he is more Orthodox then myself. still a work in progress for me.
those who can, do. those who cant, talk about those who can
  • #969,134
  • Mar 13, 2015 2:29pm Mar 13, 2015 2:29pm
Quoting fxtrader08
{quote} I wouldnt call it a scalp......it has a 110 pip stop loss. Very risky for 20 pips but has a 94% success rate. Just hope this one doesnt fall into the 6%.
u may be ok.. the other guy probably not the best time. i thought u made the same trade.
1880 pips if right, 660 pips if wrong ... net 1220 average
those who can, do. those who cant, talk about those who can
  • #969,135
  • Mar 13, 2015 2:34pm Mar 13, 2015 2:34pm
Quoting gatorinla
{quote} u may be ok.. the other guy probably not the best time. i thought i made the same trade.
The EA hasnt failed me yet - not a single loss but others have had losses...we put it down to broker feeds.
  • #969,136
  • Mar 13, 2015 2:35pm Mar 13, 2015 2:35pm
Quoting fxtrader08
{quote} I wouldnt call it a scalp......it has a 110 pip stop loss. Very risky for 20 pips but has a 94% success rate. Just hope this one doesnt fall into the 6%.
Yeah Im running an experiment with this trying to take a 1k account as far as I can go trading 3 lots. So far so good. This is not scalping, just price action. scalping wil take place monday morning for me but yes trades are opened and in seconds will be in profit. Sometimes hits loss but that is fine.
All posts are my personal opinion
  • #969,137
  • Mar 13, 2015 2:36pm Mar 13, 2015 2:36pm
later
those who can, do. those who cant, talk about those who can
  • #969,138
  • Mar 13, 2015 2:41pm Mar 13, 2015 2:41pm
Quoting sisse
{quote} {quote} ..... and we roll.... After a long long long wait since the debt crisis started the Leg to Parity Officially has been unlocked. A landmark for the euro and a landmark for this thread... In any case, Parity unlocked for the larger swing move but with a fairly BULLISH weekly roll. Only level to track till the FOMC is 1.053x. A break back up opens a very tradable leg to 1.082x (with the obvious support from the FED). Noting to see to the short side at these levels until further data ... sisse
Hi Sisse, I was redirected by Gatorinla to you for my question. Don't wanna take too much of your time. But would be grateful if you could give me a hand to start off on the right track. Thank you!

My message:

{quote} Hi Gatorinla, I am learning a lot following you, Sisse, and others posts. However, I think I would have understood better if I knew your jargons better, and of course the years of experience. I can't expect you guys talk like non-pros, but perhaps you could recommend some topics/key considerations for me to research on my own? I am reading some books in the meantime, and I do have degrees in economics and finance, and was a top performer academically. Specifically I cannot understand what kind of implications the closings of the daily, weekly,...

Gatorina's reply:
pay attention to sissi. he is more Orthodox then myself. still a work in progress for me.
  • #969,139
  • Mar 13, 2015 2:44pm Mar 13, 2015 2:44pm
Quoting Shunyi
{quote} Why suddenly a fairly bullish weekly roll??? How do you reach such conclusion? What should I look at????? I get the fundamentals, but the technical part really puzzles me. I am reading books. Don't just want free lunch. Thank you!
ufff thats a rather long discussion we can chat during the calm hours of trading but right now is way too late in a Friday night for that.

The last post was aim to more experience traders sorry if it got a bit contradictory at first glance. Lets just say 2 basic concepts:

  1. Green Bar / Red Bar doesn't necessarily mean bullish/bearish because of the colour. You always need context. Context is given by fundamentals first, macro direction second and current direction last. Only the proper analysis of the correct mix and match of those will give you the proper context of price not the colour of a bar.
  2. Technicals only come after. One can be wrong in point 1 however a solid TA background will allow you to minimise risk measuring the right timing for the entries....so in the worst case scenario you are aiming on missing the train if you are wrong rather than paying a early ticket for the just in case...

It may sound a bit cryptic for now but its late and i am tired so if you are serious you can be sure that not only me but some other of the real honest traders around will follow a conversation in their free time...

GL

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #969,140
  • Mar 13, 2015 2:54pm Mar 13, 2015 2:54pm
Quoting sisse
{quote} ufff thats a rather long discussion we can chat during the calm hours of trading but right now is way too late in a Friday night for that. The last post was aim to more experience traders sorry if it got a bit contradictory at first glance. Lets just say 2 basic concepts: Green Bar / Red Bar doesn't necessarily mean bullish/bearish because of the colour. You always need context. Context is given by fundamentals first, macro direction second and current direction last. Only the proper analysis of the correct mix and match of those will give...
Thank you Sisse! It is a start! More stuff to study over the weekend. Will keep following your and other excellent traders' posts. Thank you all for sharing!!!

Have a nice weekend!
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