EUR/USD: IntraDay Scalping and Short Term Swing Trading Only | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading Swing by Swing 39 replies

ToS indicators for day trading, scalping, and swing trading 0 replies

Long Term vs Short term (scalping) discussion 7 replies

Short term trading/scalping 24 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: EUR/USD: IntraDay Scalping and Short Term Swing Trading Only
Exit Attachments

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

  • #41
  • Oct 6, 2015 4:47am Oct 6, 2015 4:47am
Quoting sanvulture
BTW, whats OR? thx in advance..
I use it to say Opening Range
  • #42
  • Oct 6, 2015 4:51am Oct 6, 2015 4:51am
Went for a walk with the wife and neglected to move stop to BE before I left so what should have been would have been a plus 1 pip BE turned into a minus 6.5 pip loss. So if my tally is correct, I'm back up to a 22.1 pip loss on the day so far.

I've reversed back long at 1.12128 see if it blows past 1.1220 this time. Looks as if they've decided to hold 1.12 so my target is 1.1172 plus 50 and plus 100. 60p from OR high would be about 1.1260
  • #43
  • Oct 6, 2015 5:00am Oct 6, 2015 5:00am
Well well, good idea to start an alternative thread, feels refreshing.
Currently holding long from 50% of that bullish h1 candle - 200.
Taking some profit now (lack of strength), rest running at BE +1, targeting 230 +- 2p.
  • #44
  • Oct 6, 2015 5:13am Oct 6, 2015 5:13am
Quoting Pipologist
{quote} I use it to say Opening Range
i thought its Opening Rate, but range crossed my mind too..
may i know what is that range? high and low of that range? thx..
Dont trade like me..
  • #45
  • Oct 6, 2015 5:27am Oct 6, 2015 5:27am
Quoting sanvulture
{quote} i thought its Opening Rate, but range crossed my mind too.. may i know what is that range? high and low of that range? thx..
There are different ways to compute it, one is the actual HL range from 00:00 to 8:00 or 9:00 your choice. The others are variations of pivot point formulas using the pivot +/- 15 pips.

There are merits of both methods. Choose yours.
  • #46
  • Oct 6, 2015 5:31am Oct 6, 2015 5:31am
What time frame do you guys use? I keep getting whip sawed by the market (
  • #47
  • Oct 6, 2015 5:34am Oct 6, 2015 5:34am
Today after NY open we have a high impact news USD Trade Balance
Previous -41,9B Forecast -47,6B

And later ECB Mario Draghi speaks.


Stay alert
Attached Image (click to enlarge)
Click to Enlarge Name: usd trade balance.PNG Size: 17 KB
  • #48
  • Oct 6, 2015 5:45am Oct 6, 2015 5:45am
Quoting teeekay
What time frame do you guys use? I keep getting whip sawed by the market (
primarily 1 min and 5 min but up to 1 hour
  • #49
  • Oct 6, 2015 5:45am Oct 6, 2015 5:45am
Quoting seahorse
Today after NY open we have a high impact news USD Trade Balance Previous -41,9B Forecast -47,6B And later ECB Mario Draghi speaks. Stay alert {image}
thank you

that looks like it could be a huge miss. that forecast is way higher than all of the others and the trend is to the upper side. could we have another blow up?
  • #50
  • Oct 6, 2015 6:18am Oct 6, 2015 6:18am
Quoting Pipologist
{quote} thank you that looks like it could be a huge miss. that forecast is way higher than all of the others and the trend is to the upper side. could we have another blow up?

Anything could happen.

The price continues to move inside the high and low of the green candle about 40 pips, trying to form a channel.

Some options:
Waiting for the breakout up or down.
Waiting for the retest after the breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: euro range.PNG Size: 30 KB
  • #51
  • Oct 6, 2015 6:44am Oct 6, 2015 6:44am
Quoting KzX
Well well, good idea to start an alternative thread, feels refreshing. Currently holding long from 50% of that bullish h1 candle - 200. Taking some profit now (lack of strength), rest running at BE +1, targeting 230 +- 2p.
The KzX master...230 hit. I was going for 31 close enough. A few profit pips for the day.
  • #52
  • Oct 6, 2015 7:16am Oct 6, 2015 7:16am
Quoting Pipologist
{quote} The KzX master...230 hit. I was going for 31 close enough. A few profit pips for the day.
They cut me off at BE, had to reload few pips higher but still, went as planned, reversed at target for standard pullback, cashed out, now flat, looking at other pairs as something's cooking up.
  • #53
  • Oct 6, 2015 7:23am Oct 6, 2015 7:23am
Quoting KzX
{quote} They cut me off at BE, had to reload few pips higher but still, went as planned, reversed at target for standard pullback, cashed out, now flat, looking at other pairs as something's cooking up.
So you nailed about another extra 5 shorting at 28 area? Today's levels as you do them...a little tighter OR, but in hindsight the lower OR tested and held should have loaded and kept at 85 after that 3rd bounce, but being in the thick of it is scary at times, still not used to this at all...I made this indie EA that uses standard pivots and then allows for manual HL entry to come up with exact plus/minus levels and 7.5p middle SR areas. I'm trying to figure out how to get it to grab HL as of 8 am or 9 am...(btw do you use 8 or 9 am as your OR cutoff time?)

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 78 KB
  • #54
  • Oct 6, 2015 7:39am Oct 6, 2015 7:39am
If it's too tight, stretch it up to a round number. To me the opening range was 170-200, next level above - 230.

Btw. nice divergence on RSI m15 (I wouldn't bet my life on it)
  • #55
  • Oct 6, 2015 7:52am Oct 6, 2015 7:52am
For others to see in regards to levels used today by KzX...stretched OR 1.1170 to 1.12 (30pips to round numbers)

PS: if he ever gives out SR levels prior to day's main action starting, I recommend you take heed...his levels are spot ON many times to the pip or within 3 pips at most.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 66 KB
  • #56
  • Edited 8:09am Oct 6, 2015 7:57am | Edited 8:09am
This is what I meant...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
  • #57
  • Oct 6, 2015 8:06am Oct 6, 2015 8:06am
Quoting KzX
This is what I meant... {image}

is it a demo account or did u not bothered to hide ur account number?
and u use all those indies all the time?
Dont trade like me..
  • #58
  • Edited 8:35am Oct 6, 2015 8:10am | Edited 8:35am
Quoting sanvulture
{quote} is it a demo account or did u not bothered to hide ur account number? and u use all those indies all the time?
Fixed now, thanks.

Indies for scalping, yes. For mid term trades, no indies (1hr,4hr).

The only thing that doesn't let me to keep trades longer is gold however it's close to nice R.
  • #59
  • Oct 6, 2015 9:11am Oct 6, 2015 9:11am
hope hit the tp
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_2026197_EURUSD_2015-10-06_21-09-16.png Size: 1.1 MB
we don't predict, we only ride
  • #60
  • Oct 6, 2015 9:24am Oct 6, 2015 9:24am
short at 1.12397, TP 1.12297 for 10 pips.. expecting a retrace..
edit: forgot to mention SL 1.12497..
give or take 10 pips..
Dont trade like me..
0 traders viewing now