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

  • #381
  • Oct 12, 2015 4:52am Oct 12, 2015 4:52am
Quoting Pipologist
{quote} 5 and 15 oversold and turning. this is the moment of truth ummmmhh that's overbought...I think I said it elsewhere too. sorry
Will put a pending buy at 1.1377 (lower red line) just in case. sl @1.1374.
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  • #382
  • Oct 12, 2015 4:53am Oct 12, 2015 4:53am
Quoting KzX
True true. Don't know if it's wise but I shorted AUD/USD few pips from now
You a brave man
  • #383
  • Oct 12, 2015 4:54am Oct 12, 2015 4:54am
I'm out, TP hit +8
  • #384
  • Oct 12, 2015 4:54am Oct 12, 2015 4:54am
Quoting KzX
True true. Don't know if it's wise but I shorted AUD/USD few pips from now
OK, so there appears to be some USD strength in other pairs, what's the possibility of that materializing with EURUSD here soon? Maybe they wanted to take it up and collect longs at/near last Friday's high? That would be diabolical and in hindsight, so obvious. Hoping, I'm right this time. Sorry Sakisf, I was with you long at V and for most of the run up, but, I've joined the other side here.
  • #385
  • Oct 12, 2015 4:55am Oct 12, 2015 4:55am
Quoting mahluus
I'm out, TP hit +8
win ratio 100% here. right on.
  • #386
  • Oct 12, 2015 4:57am Oct 12, 2015 4:57am
I don't know. I focused on oceanics. GBP/NZD was the best shot for now, NU goes so so but in profit, AU - profit but tiny (waiting here).
  • #387
  • Oct 12, 2015 4:58am Oct 12, 2015 4:58am
We've just hit the pocket at 87. Longs are hoping for a retrace back up. Shorts are hoping this thing continues to sell off and that was the high for the rest of the week. Those that bought at 95 are wondering what the hell just happened. (sorry, been there done that too, but not today).
  • #388
  • Edited 5:17am Oct 12, 2015 5:01am | Edited 5:17am
Quoting KzX
I don't know. I focused on oceanics. GBP/NZD was the best shot for now, NU goes so so but in profit, AU - profit but tiny (waiting here).
Those USD pairs in prof...that's a good sign for EUR/USD shorts right now if this becomes more broad based we'll see dollar buys or strength there to and will confirm EURUSD direction for now.

Got a wicked downtrend on the 1min right now, strongest trend of the day, IF this thing materializes over to the 5 and 15min...

We're at 80 which is where they pushed it up to 95 from. There were sitting buys here at the time, of course no sells here going down, but the buyers have run for cover. It's just a matter of time before they capitulate and sell what they have left. Otherwise if I'm wrong here...big players run it up again from here, but with who?

Put a BE+halfpip SL out there...if they take it,ehhhh, if they don't, means they're not interested in buying it back at this level...a good sign.

Anyway, my boss, I mean my wife wants me to run an errand for her. So maybe later. Otherwise, good luck.
  • #389
  • Oct 12, 2015 5:30am Oct 12, 2015 5:30am
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...
thanks for asking.. ya, im still short.. like i said, its a smaller lot.. i can let it go even 100p negative.. i have an event in my home, so cant trade well.. have my relations and kids here.. gotta have fun.. money will come later.. cya guys later..
Dont trade like me..
  • #390
  • Oct 12, 2015 5:53am Oct 12, 2015 5:53am
Quoting sakisf
{quote} Will put a pending buy at 1.1377 (lower red line) just in case. sl @1.1374. {image}
Stopped on both, slightly positive for today. Damn meetings....

Buying here. sl at 1.1364. Aiming for 1.1381 & 1.1394. ...and stopped. Too close.
  • #391
  • Oct 12, 2015 6:11am Oct 12, 2015 6:11am
Quoting sanvulture
{quote} thanks for asking.. ya, im still short.. like i said, its a smaller lot.. i can let it go even 100p negative.. i have an event in my home, so cant trade well.. have my relations and kids here.. gotta have fun.. money will come later.. cya guys later..
Enjoy. BTW, I don't know of ANY real scalping method that allows for 100p negative....4 digit broker or 1000 on 5 digit broker.
  • #392
  • Oct 12, 2015 6:14am Oct 12, 2015 6:14am
Quoting Pipologist
{quote} Enjoy. BTW, I don't know of ANY real scalping method that allows for 100p negative....4 digit broker or 1000 on 5 digit broker.
Remove your stop and pray method? Mi favorita.
  • #393
  • Oct 12, 2015 6:17am Oct 12, 2015 6:17am
Was thinking that any buy algos would want in here at 70 again and push for 30 to 1.14 but since that drop was vicious, not sure they're going to let them run.
5 and 15mn and even 1 min are in oversold territory, and starting to turn but price has not confirmed strongly yet and you would think it would under normal conditions, but not sure this is normal right now. Another custom indie I have says we are still in a downtrend a strong downtrend on the 5mn. So we are getting mixed signals here. Price is the ultimate confirmer here now. Also not sure how those other USD pairs that KzX is trading today, but if he is still holding short and in profit, that can'tbe a good sign for long EURO. Anyway,we are getting close to my projected ORMid today and if we break that floor, then any longs still holding here and hoping for that post 1.14 high run will be in for a shock. Oh, and my short is still intact, they wanted nothing to do with that stoploss order I gave them. My TP is now on the opposite side to today's potential range, and will trail just outside the relevant SR zones.
  • #394
  • Oct 12, 2015 6:20am Oct 12, 2015 6:20am
62 is your mid? I have three mini 1m gaps on 81 (1) and 94 (2), aiming for them. When price leaves them back it's like paving the way to grab them later. 58 will stop me from getting them.
  • #395
  • Oct 12, 2015 6:21am Oct 12, 2015 6:21am
Quoting sakisf
{quote} Remove your stop and pray method? Mi favorita.
I've done that before many times, sometimes it works out awesome when you wake up, and sometimes you just go back to sleep.
  • #396
  • Oct 12, 2015 6:23am Oct 12, 2015 6:23am
Quoting sakisf
62 is your mid?
585 is my projected ORmidlevel today that gets plotted at Asia open. I compare that with actual ORmid but usually it's enough and gives me a different look.

Today I think we traded up through it 3 times and would be interesting to see what the market does with it going down through it from the weekly high. At least it's interesting while I'm still in it.
  • #397
  • Oct 12, 2015 6:31am Oct 12, 2015 6:31am
Quoting Pipologist
Was thinking that any buy algos would want in here at 70 again and push for 30 to 1.14 but since that drop was vicious, not sure they're going to let them run. 5 and 15mn and even 1 min are in oversold territory, and starting to turn but price has not confirmed strongly yet and you would think it would under normal conditions, but not sure this is normal right now. Another custom indie I have says we are still in a downtrend a strong downtrend on the 5mn. So we are getting mixed signals here. Price is the ultimate confirmer here now. Also not sure...
Nah, they've been closed some time ago. the worst was A/U, be +1 there, other ones quite nice.
  • #398
  • Oct 12, 2015 6:39am Oct 12, 2015 6:39am
Quoting KzX
{quote} Nah, they've been closed some time ago. the worst was A/U, be +1 there, other ones quite nice.
That's good cause they can turn them on now...

Anyone care for another run to 95? Second time could be the charm??

BTW, out of my short with plus pippage. Guess where I'm targeting now...These guys are just too diabolical today.
  • #399
  • Oct 12, 2015 6:48am Oct 12, 2015 6:48am
Quoting Pipologist
{quote} 585 is my projected ORmidlevel today that gets plotted at Asia open. I compare that with actual ORmid but usually it's enough and gives me a different look. Today I think we traded up through it 3 times and would be interesting to see what the market does with it going down through it from the weekly high. At least it's interesting while I'm still in it.
Hi i am new to this thread, what does the "OR" stand for please
Thanks
  • #400
  • Oct 12, 2015 6:52am Oct 12, 2015 6:52am
Quoting Amg63
{quote} Hi i am new to this thread, what does the "OR" stand for please Thanks
Welcome. OR = opening range, or operating room if you're on the wrong side of the trade in that zone.

btw, I think most answers will be found in previous posts, we just got started with this about a week ago...

all the best
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