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

  • #61
  • Oct 6, 2015 9:33am Oct 6, 2015 9:33am
Quoting cakrajaya
hope hit the tp {image}
tp hit, enough for the day bring the dollar
we don't predict, we only ride
  • #62
  • Oct 6, 2015 9:35am Oct 6, 2015 9:35am
Quoting cakrajaya
hope hit the tp {image}
is that at 1.1318 ?

I have a long from 44 was in at 18 and just got out and back in...targeting 1.1270 about 95 pips from today's low.
  • #63
  • Oct 6, 2015 9:36am Oct 6, 2015 9:36am
Quoting Pipologist
{quote} is that at 1.1318 ? I have a long from 44 was in at 18 and just got out and back in...targeting 1.1270 about 95 pips from today's low.
my tp 0n 1.12471
we don't predict, we only ride
  • #64
  • Oct 6, 2015 9:38am Oct 6, 2015 9:38am
Quoting sanvulture
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..
TP moved to BE..
EDIT: closed with little loss at 1.12415..


Question: do u guys ever move TP to BE? or just the SL? thanks in advance..
Dont trade like me..
  • #65
  • Oct 6, 2015 9:56am Oct 6, 2015 9:56am
and we're on the next floor - 260
  • #66
  • Oct 6, 2015 9:58am Oct 6, 2015 9:58am
Quoting sanvulture
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..
TP moved to BE..
EDIT: closed with little loss at 1.12415..


Question: do u guys ever move TP to BE? or just the SL? thanks in advance..

in my opinion it is logical to bring the loss to BE. Nobody wants to BE in profits.😄
  • #67
  • Oct 6, 2015 9:58am Oct 6, 2015 9:58am
S@264 for pullback maybe

Out, not what I expected
  • #68
  • Oct 6, 2015 9:58am Oct 6, 2015 9:58am
Quoting sanvulture
{quote} TP moved to BE.. EDIT: closed with little loss at 1.12415.. Question: do u guys ever move TP to BE? or just the SL? thanks in advance..
Usually only move SL, taking profits now for overriding reasons is also usually done, but TPs are usually set unless miscalculated at first. Others may do it differently, but the times that I move TP to a smaller TP than originally planned are always times that I regret not holding and letting the trade plan take me out. Another circumstance might be to close trades earlier than TP say on a Friday evening or late night before midnight if you don't wish to pay swaps.
  • #69
  • Oct 6, 2015 10:05am Oct 6, 2015 10:05am
Quoting Pipologist
{quote} Usually only move SL, taking profits now for overriding reasons is also usually done, but TPs are usually set unless miscalculated at first. Others may do it differently, but the times that I move TP to a smaller TP than originally planned are always times that I regret not holding and letting the trade plan take me out. Another circumstance might be to close trades earlier than TP say on a Friday evening or late night before midnight if you don't wish to pay swaps.
Thanks..
i didnt move my SL to BE bcoz i feared it would be hit.. but i also didnt want to close trade and take profit, bcoz its only 5 pips and i aimed for 10 pips.. but it went back.. luckily, i closed with -2 pips loss..
Dont trade like me..
  • #70
  • Oct 6, 2015 10:07am Oct 6, 2015 10:07am
Quoting KzX
and we're on the next floor - 260
Yeah, I outlined a possible scenario of going to 70 today based on avg daily ranges and PA this morning, but of course imagining and doing are two very different things. Had I stuck to only 2 scenarios, one going to 70 and the other going to 1.1115ish, I wouldn't have whipped myself to death today. Overall pips were positive, very positive, but overall trading and satisfaction with my performance today...very very not happy. I really need to settle down and work on trade management and money management (those are two different other threads), before I can call myself a real scalper. As my TP hits now at 1.1270, what could have been a very very awesome day, turned out to be a lesson in more ways than one. Again I overtraded and allowed myself to get whipped too early and too much in the Asia session and nullified a majority of my profitable trades. PS, I think now is a good time for the pull back. bid at 67 going short...got in at 681 but this thing could still have legs to run. I'm showing a 30 bar -1 bar short fractal at 671 on the 1 minute the last 2 fractals were duds and I reversed on the last one to ride it to 70 but this one could be valid, would be nice to see a 30p pull back now. Got another frac on the 5 minute and a shooting star doji on the 15, this could be the point where we start reversing.
  • #71
  • Oct 6, 2015 10:10am Oct 6, 2015 10:10am
Yesterday they we're bouncing from 65-8. So that's some soft stop, anyway I re-entered after that small pin on m1 just for a few.
  • #72
  • Oct 6, 2015 10:20am Oct 6, 2015 10:20am
moved the 681 entry to 671 BE, it's either the reversal of the day that will continue until at least tomorrow morning, or it's a PB and will power up again towards 85-95. I'll let the market take me to where it wants on this one. I'm done for the day. Goodnight all.
  • #73
  • Oct 6, 2015 10:25am Oct 6, 2015 10:25am
Quoting sanvulture
{quote} Thanks.. i didnt move my SL to BE bcoz i feared it would be hit.. but i also didnt want to close trade and take profit, bcoz its only 5 pips and i aimed for 10 pips.. but it went back.. luckily, i closed with -2 pips loss..
Both of those are very dangerous, trust me i know from personal experience. The SL is there to be hit, either by loss or BE, sometimes in scalping they are soft TPs, you have to know what to do in advance according to your style (this goes under "trade management', that along with money management can make or break accurate entry signals and trades). You have to allow your methodology to do one or the other on every trade, otherwise you are stuck psychologically in "no man's land" a very dangerous place to be while live scalping a fast market.
  • #74
  • Oct 6, 2015 10:29am Oct 6, 2015 10:29am
Quoting Pipologist
{quote} Both of those are very dangerous, trust me i know from personal experience. The SL is there to be hit, either by loss or BE, sometimes in scalping they are soft TPs, you have to know what to do in advance according to your style (this goes under "trade management', that along with money management can make or break accurate entry signals and trades). You have to allow your methodology to do one or the other on every trade, otherwise you are stuck psychologically in "no man's land" a very dangerous place to be while live scalping a fast market....
thank you.. traded one year, but i'm still a newbie.. this SL thing is killing me and my account.. to SL or not to SL..
Dont trade like me..
  • #75
  • Oct 6, 2015 10:31am Oct 6, 2015 10:31am
BTW I got stopped of my PB short with a 1+pip gain, and was going to let it sit, but had to reenter at 696 for a long, I want to see if it takes out this fractal, if it does another 10 to 30 pips are up for grabs, trailing a tight stop here. anyway, that's all today.
  • #76
  • Edited 11:54am Oct 6, 2015 10:33am | Edited 11:54am
Quoting Pipologist
{quote} Yeah, I outlined a possible scenario of going to 70 today based on avg daily ranges and PA this morning, but of course imagining and doing are two very different things. Had I stuck to only 2 scenarios, one going to 70 and the other going to 1.1115ish, I wouldn't have whipped myself to death today. Overall pips were positive, very positive, but overall trading and satisfaction with my performance today...very very not happy. I really need to settle down and work on trade management and money management (those are two different other threads),...
No mm, just psychology, maybe you have itchy fingers Plan your trades, draw your levels and take the trades only at these, not sooner or later.
Plan your trades even if they are short term, market moves the same way as on bigger TFs but MUCH faster.
Anyway, I'm keeping one L after they broker 230, will scalp a bit with other position.

Apart from that I have S on EUR/CHF - there was nice pin on H1 a few hours ago, L on brent and dax for two days.

Cya tomorrow.
  • #77
  • Oct 6, 2015 10:46am Oct 6, 2015 10:46am
Quoting NMZee
Quoting sanvulture 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.. TP moved to BE.. EDIT: closed with little loss at 1.12415.. Question: do u guys ever move TP to BE? or just the SL? thanks in advance.. in my opinion it is logical to bring the loss to BE. Nobody wants to BE in profits.😄
when the trade is in red, but i also dont want it to hit my SL, i move TP to BE(less profit TP).. im not good with manual SL, so i use one, but i also dont want it to get it.. amatuer mistakes, i know.. thx for ur reply..
Dont trade like me..
  • #78
  • Oct 6, 2015 10:51am Oct 6, 2015 10:51am
Previously I thought about 1st scenario, then came second...
Honestly dunno what's gonna happen next.
If they still wanna compress in that triangle they should drop now to lower band and mark proper 5 now but I'd be careful with that as the money flows into commodities for a few days.
Scalping is still safer for me on this pair.
Attached Image (click to enlarge)
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Attached Image
  • #79
  • Oct 6, 2015 11:02am Oct 6, 2015 11:02am
strong supply zone approaching, proximal line is at 1277. If it reverses then a good chance of 1180 as TP. However draghi is speaking in an hour or so.....!!!
  • #80
  • Oct 6, 2015 11:04am Oct 6, 2015 11:04am
Quoting KzX
Previously I thought about 1st scenario, then came second... Honestly dunno what's gonna happen next. If they still wanna compress in that triangle they should drop now to lower band and mark proper 5 now but I'd be careful with that as the money flows into commodities for a few days. Scalping is still safer for me on this pair. {image} {image}
Can u plz tell me what tf those charts belong to and what pair? sorry if its a silly question..
Dont trade like me..
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