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

  • #361
  • Oct 12, 2015 3:35am Oct 12, 2015 3:35am
Quoting KzX
S NZD/USD@ 6733
I knew you were spying other pairs. Was wondering when you were going to check in again. Interesting seesaw action this morning here.
  • #362
  • Oct 12, 2015 3:37am Oct 12, 2015 3:37am
Quoting KzX
S NZD/USD@ 6733
The only thing that just alarmed me is that at least for that pair...it means dollar buying...and we know things don't exist in a vacuum. Couple that with your accuracy and acumen and timing and guess what, I just closed my long at 2nd resistance here and took a small short before any sell sigs kicked in. Tight hard stop on server just in case this thing blows up as everyone hopes for.
  • #363
  • Oct 12, 2015 3:41am Oct 12, 2015 3:41am
Quoting Pipologist
So far have only taken one small hit on a minor hedge that I released on the previous swing up...current order is above BE, hopefully can ride this one closer to targets. Feeling pretty on it right now. Hopefully won't get cocky or desperate for more later. I'll keep swinging for the fences but be grateful and take a bunt if I need to. SanVulture, you still short? Because if they take out that upper wick of the 5mn candle less than an hour ago...
Too much thought for a boring day. Maybe I should actually work a bit to keep the boss happy instead of watching the charts

Btw how come your pc is so slow at backtesting (was seeing your other thread)? I did a backtest of 2.5 years of 30m based on dukascopy tick data on a mere phenom 1055 and it took less than 3 min.
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  • #364
  • Oct 12, 2015 3:45am Oct 12, 2015 3:45am
Quoting sakisf
{quote} Too much thought for a boring day. Maybe I should actually work a bit to keep the boss happy instead of watching the charts Btw how come your pc is so slow at backtesting (was seeing your other thread)? I did a backtest of 2.5 years of 30m based on dukascopy tick data on a mere phenom 1055 and it took less than 5 min. {image}
I had a LOT of variables checking multiple pairs. In fact I had MT4 backtester maxed out on how many variables could be tested and had a crappy slow laptop. If you max out MT4 variable testing limitation. It takes forever.
  • #365
  • Oct 12, 2015 3:48am Oct 12, 2015 3:48am
Quoting Pipologist
{quote} I knew you were spying other pairs. Was wondering when you were going to check in again. Interesting seesaw action this morning here.
Yeah, GBP/NZD gave me a buy so I also sold NZD/USD.
  • #366
  • Oct 12, 2015 3:50am Oct 12, 2015 3:50am
EUR/USD up we go
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  • #367
  • Oct 12, 2015 3:56am Oct 12, 2015 3:56am
As for EU, hmm, morning looked like Friday, bounce from mid OR - 365 but no continuation until now, it stinks...
If it wants to go up then without me. I will not buy this weird move.
You can do what you want, it's just me, if I'm not sure I don't touch it. I'd rather sell it if someone forced me.

[Edit] You can take a wild guess now if dollar's gonna jump or not yet. Gotta look for confirmation on other correlating pairs.
  • #368
  • Edited 4:14am Oct 12, 2015 4:01am | Edited 4:14am
Quoting KzX
As for EU, hmm, morning looked like Friday, bounce from mid OR - 365 but no continuation until now, it stinks... If it wants to go up then without me. I will not buy this weird move. You can do what you want, it's just me, if I'm not sure I don't touch it. I'd rather sell it if someone forced me.
They hit my stop to take me out of the sell...by 3 ticks. My bad for playing it too close.

Anyway, got me thinking. What if the play were the other way? From today's high to 100p below, it fits within daily range and hits everyone else's projected low end today as well. They got for some just now, but I doubled up on the short at a higher price 15m is looking oversold again with a possible divergence.

HOWEVER, they're still putting in HLs so I still can get passed up here. That was a wicked little move they did at 88, I tested the sell stoploss there, they blew through it, came back and now they're sitting there, guess what, no buy stops there.
  • #369
  • Oct 12, 2015 4:06am Oct 12, 2015 4:06am
Gathering orders here for some time now. Scalp shorts below 1.1360 can't get a breath. Being on the other (s<1.1360) side usually I know how it feels and where it might end.

My normal day would be to have a [email protected], open more @1.1380 to average for 1.1370 then bam 1.14+.

sl now at be 1.1373.
  • #370
  • Oct 12, 2015 4:13am Oct 12, 2015 4:13am
Quoting sakisf
Gathering orders here for some time now. Scalp shorts below 1.1360 can't get a breath. Being on the other (s<1.1360) side usually I know how it feels and where it might end. My normal day would be to have a [email protected], open more @1.1380 to average for 1.1370 then bam 1.14+.
You gotta think where the stops are. Lots of them are just above 1.14, maybe 15-30p.
The thing is that 1.14 is a decision point on my chart. I'm not a breakout trader. So I will just not go long few pips below R.
If you're long then I wish you another 100p ride up.
  • #371
  • Oct 12, 2015 4:18am Oct 12, 2015 4:18am
Quoting KzX
{quote} You gotta think where the stops are. Lots of them are just above 1.14, maybe 15-30p. The thing is that 1.14 is a decision point on my chart. I'm not a breakout trader. So I will just not go long few pips below R. If you're long then I wish you another 100p ride up.
I am only in for 30p initially 1.1373-1.1403. But if it gives more I will leave half position open for it. My next R's in the usual form are 1.1391 and 1.1436 from Daily/Weekly chart but I rarely base trade decisions on them. Only watch how 1m interacts on them and take a position after the fact (if it decides to honour or discard them). My big chart picture is a mess (on 1m-30m it gets clear), things I look in priority are valleys/peaks on 1yr profile, vpocs, January projection fibs, 1m swing fibs and last is s/r.
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  • #372
  • Oct 12, 2015 4:21am Oct 12, 2015 4:21am
Short at 1405 (CME EUR/USD futures) - 8 pip TP, will exit SL on retrace from -8 if pA moves that way.

Edit: My level of 1405 is ±1395 on a CFD chart - just to be clear
  • #373
  • Oct 12, 2015 4:25am Oct 12, 2015 4:25am
i've taken short at 11395 as its top fib level from fridays low afternoon swing... lets see.
  • #374
  • Oct 12, 2015 4:30am Oct 12, 2015 4:30am
Quoting puney
i've taken short at 11395 as its top fib level from fridays low afternoon swing... lets see.
1.1387 might turn to support now though. I would have shorted below it if it was broken in 1m with momentum. Not to say 1.1389 is also 200 EMA on daily.
  • #375
  • Oct 12, 2015 4:36am Oct 12, 2015 4:36am
Quoting puney
i've taken short at 11395 as its top fib level from fridays low afternoon swing... lets see.
Looks nice, 15p above OR. Now fake or brake
  • #376
  • Oct 12, 2015 4:38am Oct 12, 2015 4:38am
I'm short a little lower, didn't think they'd breach 88 this morning. Saw the mild action, less than expected response there and didn't cover. If they come back through and below that pocket and breach ORH and mid, this is going to turn out very badly for longs holding by then. Have to agree that 86 -88 are the key numbers for me right now too.
  • #377
  • Oct 12, 2015 4:39am Oct 12, 2015 4:39am
Quoting KzX
{quote} Looks nice, 15p above OR. Now fake or brake
I'll go for Fake first
  • #378
  • Oct 12, 2015 4:46am Oct 12, 2015 4:46am
Quoting KzX
{quote} Looks nice, 15p above OR. Now fake or brake
Or just collecting more shorts like in 1.1380 before going up. It's always suspicious when it doesn't give back some. Anyway I am closing half position at 21 pips and leaving the rest at be, have a meeting and don't want it all at be, could re-enter higher if it favors me.
  • #379
  • Oct 12, 2015 4:49am Oct 12, 2015 4:49am
Quoting sakisf
{quote} Or just collecting more shorts like in 1.1380 before going up. It's always suspicious when it doesn't give back some. Anyway I am closing half position at 21 pips and leaving the rest at be, have a meeting and don't want it all at be, could re-enter higher if it favors me.
5 and 15 oversold and turning. this is the moment of truth ummmmhh that's overbought...I think I said it elsewhere too. sorry
  • #380
  • Oct 12, 2015 4:50am Oct 12, 2015 4:50am
True true. Don't know if it's wise but I shorted AUD/USD few pips from now
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