EURUSD | Page 51477 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,029,521
  • Oct 1, 2015 9:39am Oct 1, 2015 9:39am
Quoting KzX
{quote} I took two quick shorts from 170. I was also holding one long from 153 and reversed it there. {image}
You are the scalping master. I hope to see the day when I can time my trades to within 1 pip and 1 minute as several times a day as you do. You don't share your losses much, but I assume you have few and that you trail small mental 7.5 p stops if you are wrong.

Question: when you ride a quick pullback are you looking for 7.5 or at least another 15? Or are you trailing to BE from 7.5 and riding it out. Or are you looking for 7.5 pips pullback or 15 pullback depending on the strength of the prior move?
  • #1,029,522
  • Oct 1, 2015 9:42am Oct 1, 2015 9:42am
Quoting edyraper
{quote} lol
I wouldn't laugh at that target, I'm showing 1.1270 to 1.1275 for today's upper target. Totally feasible and within range of recent daily ranges.
  • #1,029,523
  • Oct 1, 2015 9:42am Oct 1, 2015 9:42am
If it cannot break 1.11 before the end of October then I will close all long term short positions and will farewell 1.10
You cannot learn better without losing
  • #1,029,524
  • Oct 1, 2015 9:43am Oct 1, 2015 9:43am
I see a puppet
  • #1,029,525
  • Oct 1, 2015 9:50am Oct 1, 2015 9:50am
ECB President Draghi Speaks

I doubt the guy will say anything useful today that will impact the markets.
  • #1,029,526
  • Oct 1, 2015 9:50am Oct 1, 2015 9:50am
Quoting Pharm0r
{quote} You sound like a good little puppet
Is that an insult. Because it sounds like one.

You might want to read your own trading philosophy and adhere to it. Because that's exactly what I'm doing with KzX.

I suck at intra day scalping. Hit and miss. It's a dangerous game, but want to master it for many reasons. In many years of being involved in the industry I have only met a handful of those who can do it consistently to six figures plus a year and some of those were floor pit traders, if you even know what those are you young kid. I can buy/sell and hold and wait, but to make constantly and extract 10/20/30p several times every day of the week profitably with real lots is very very difficult. So either just shut up and learn which is what I'm trying to do, or keep your passive aggressive insults to yourself. And if you have any evidence of "scam" or some other BS then bring it on and report it to everyone, alright? Otherwise, trap it.
  • #1,029,527
  • Oct 1, 2015 9:50am Oct 1, 2015 9:50am
Quoting Pipologist
{quote} I wouldn't laugh at that target, I'm showing 1.1270 to 1.1275 for today's upper target. Totally feasible and within range of recent daily ranges.
again , lol , maximum room to the top side is 1240 room to the down side is 1100 ( I would go with 1.1100 )
  • #1,029,528
  • Edited 10:02am Oct 1, 2015 9:51am | Edited 10:02am
Quoting Pipologist
{quote} You are the scalping master. I hope to see the day when I can time my trades to within 1 pip and 1 minute as several times a day as you do. You don't share your losses much, but I assume you have few and that you trail small mental 7.5 p stops if you are wrong. Question: when you ride a quick pullback are you looking for 7.5 or at least another 15? Or are you trailing to BE from 7.5 and riding it out. Or are you looking for 7.5 pips pullback or 15 pullback depending on the strength of the prior move?
Pullbacks 10-15p, sometimes more (25-30 full swing), depending on the signal (told you earlier). Today, one 4p loss.
I wait for the level and try to hit it as close as I can, the reaction should be instant if there's none within few next 1min candle, I'm out.
Entry needs to be very well planned, even if you scalp.

Today's scalping levels were: 140-170 opening
I was hoping for a 'half' below 125 but looking at callendar I was aiming for a forecast pump, stocks also were running out of steam, so the next level above was 000.
You know which are the next ones
  • #1,029,529
  • Oct 1, 2015 9:55am Oct 1, 2015 9:55am
WTF just happened with Crude?
  • #1,029,530
  • Oct 1, 2015 9:56am Oct 1, 2015 9:56am
Quoting MissPips
{quote} Well, this has been working like a charm so far. http://www.forexfactory.com/showthre...84#post8515984 I suppose the top trendline is the target again (maybe after it retests the open), which would put it around 1235-45, depending when it gets there (too lazy to post the chart again). Nothing lasts forever, so it's got to give sooner or later, but I guess NFP will be the decider for whether it's the top or the bottom that goes. {image}
Nice chart MP! I see price has crossed to touch opposite side of triangle 5 times now & going up for 6th. My understanding is that usually/often triangles break on that 6th cross (or go through on the 5th), so we may have an early indication it will fail to reach the top for touch 6 & will break going south if price fails to close about the 4H mid bollinger band, currently at 1.1210. I note that Euro is looking very weak today in comparison with DXY levels. Example: Today's very recent low on DXY= 96, with EU at 1206. On 9/30 DXY at 96.00 was EU at 1237. Maybe it's nothing, but looks weak to me. I'm anticipating EU going down, but on the sidelines right now.
defense wins championships
  • #1,029,531
  • Oct 1, 2015 9:58am Oct 1, 2015 9:58am
Quoting KzX
{quote} Pullbacks 10-15p, sometimes more (25-30 full swing), depending on the signal (told you earlier). Today, one 4p loss. I wait for the level and try to hit it as close as I can, the reaction should be instant if there's none within few next 1min candles, I'm out. Entry needs to be very well planned, even if you scalp.
How many minutes do you give for confirm, other than a quick wrong way candle, what about consolidation after your entry, do you take that as a "wrong signal" eat the spread and try again at another level? Even with a true ECN and low commission broker you're looking at an average of .7 to 1.0 cost per 100,000k, a few wrong trades quickly adds up, so the timing still has to be close to perfect.

Sometimes it consolidates around, so I was wondering what you do then.
  • #1,029,532
  • Oct 1, 2015 10:00am Oct 1, 2015 10:00am
Tomorrow will be ugly SELL.
  • #1,029,533
  • Oct 1, 2015 10:01am Oct 1, 2015 10:01am
Quoting Gdi
ECB President Draghi Speaks I doubt the guy will say anything useful today that will impact the markets.
when drghi speaks ? not on the calendar ?
  • #1,029,534
  • Oct 1, 2015 10:02am Oct 1, 2015 10:02am
Look at USDX after a double top heading back to 95.57 or more .....
  • #1,029,535
  • Oct 1, 2015 10:06am Oct 1, 2015 10:06am
Quoting Kribstreet
{quote} when drghi speaks ? not on the calendar ?
1:30 GMT time
You cannot learn better without losing
  • #1,029,536
  • Oct 1, 2015 10:07am Oct 1, 2015 10:07am
Quoting seemoore
{quote} Nice chart MP! I see price has crossed to touch opposite side of triangle 5 times now & going up for 6th. My understanding is that usually/often triangles break on that 6th cross (or go through on the 5th), so we may have an early indication it will fail to reach the top for touch 6 & will break going south if price fails to close about the 4H mid bollinger band, currently at 1.1210. I note that Euro is looking very weak today in comparison with DXY levels. Example: Today's very recent low on DXY= 96, with EU at 1206. On 9/30 DXY at 96.00...
Thanks. If it does its ADR today that will put it about where the target is on that chart. Otherwise to do the ADR it will have to completely reverse and it will have to break the triangle to the down side and go down to 110x. There's pretty strong support between 113x and there so I just think the path of least resistance for it is to go to the target on the upper line (maybe after retesting the open if it fails at the never ending 1206-10 giant fib area), unless the ADR is going to be less than usual today. That's my reasoning behind that target anyway.
  • #1,029,537
  • Oct 1, 2015 10:15am Oct 1, 2015 10:15am
Quoting Pipologist
{quote} How many minutes do you give for confirm, other than a quick wrong way candle, what about consolidation after your entry, do you take that as a "wrong signal" eat the spread and try again at another level? Even with a true ECN and low commission broker you're looking at an average of .7 to 1.0 cost per 100,000k, a few wrong trades quickly adds up, so the timing still has to be close to perfect. Sometimes it consolidates around, so I was wondering what you do then.
If you scalp more there's no point having a retail broker with around 1.5 spread or so. You're robbed twice so you're 3p under. I'm using a bank with 0.1-0.2 spread but they take commission - 0.45p so that's 1p or slightly above in total - better.
Consolidation means indecision - looking at indies then.
  • #1,029,538
  • Oct 1, 2015 10:16am Oct 1, 2015 10:16am
Quoting MissPips
{quote} Thanks. If it does its ADR today that will put it about where the target is on that chart. Otherwise to do the ADR it will have to completely reverse and it will have to break the triangle to the down side and go down to 110x. There's pretty strong support between 113x and there so I just think the path of least resistance for it is to go to the target on the upper line (maybe after retesting the open if it fails at the never ending 1206-10 giant fib area), unless the ADR is going to be less than usual today.
Yes, I was thinking about the ADR this morning and saw the 1.123x possibility if we have a 100 pip day instead. But I got out of my longs before hitting my targets (1209) as PA looked too stretched and 1H was/is pushing upper BB. I expect we will see an ABC up with the AB leg starting anytime now heading perhaps to 117x thereabouts, then BC leg up for 61.8 extension to 161.8 extension. My view is that with NFP tomorrow, only algos and those really looking for pips will be moving markets now. I believe yesterday's rise in equities was due to month end retirement fund buying so today's fall was expected (why I was long EU). So what will be the reason to buy/sell tomorrow? Bond flows or equity flows or both? Seems market operating with a lot of fear, so it's hard for me to see how a good NFP number would help equities.....Lots to think about. Best of luck.
defense wins championships
  • #1,029,539
  • Oct 1, 2015 10:17am Oct 1, 2015 10:17am
Quoting Pipologist
{quote} Is that an insult. Because it sounds like one. You might want to read your own trading philosophy and adhere to it. Because that's exactly what I'm doing with KzX. I suck at intra day scalping. Hit and miss. It's a dangerous game, but want to master it for many reasons. In many years of being involved in the industry I have only met a handful of those who can do it consistently to six figures plus a year and some of those were floor pit traders, if you even know what those are you young kid. I can buy/sell and hold and wait, but to make...
Probably create new private thread for your leaning purpose. I am sure you don't need the audience and noise here in your learning process. You don't get distracted and distracting no one here in the process. No need to impose what everyone must or should follow.

Everyone has their own trading strategy ......... w/o this (wink)
  • #1,029,540
  • Oct 1, 2015 10:24am Oct 1, 2015 10:24am
Yup we'll take it offline otherwise we're gonna be accused of 'promoting' 'scam' 'being commercial' and other bs.
No room for trading talk here.
287 traders viewing now