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

  • #401
  • Oct 12, 2015 6:56am Oct 12, 2015 6:56am
Quoting Pipologist
{quote} 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.
There might be a hella number of shorts still holding from that downturn this morning. Looks like they are getting ready to make them cover and possibly try to take out 1.14 this time with less overhead resistance this time. Just my guess here.

Our trader friend who came back from trading the oceanics including dollar pairs has come back and closed at least one, so dollar strength across the board may be waning again. Those are my two main reasons to go on the buy side again. Today I'm trying to not hold a viewpoint for too long or long enough to damage me.
  • #402
  • Oct 12, 2015 7:06am Oct 12, 2015 7:06am
Quoting sakisf
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.
I missed this post. Now at this time for me, this becomes a friendly analysis. 58 for me if we get that far tells me that at least a serious thought of running more is in play.

I was a little reluctant to go long at first mini buy sig down there but it came up again and 5 and 15min were turning up too so, I had to take it the second time, missed out out a few pips, but if we get to the point of filling those mini gaps you're talking about especially the one at 94, I think we *may* have a shot at that 1.1460 you were aiming for? Hope is a useless emotion in this game, but hey I'm still human.
  • #403
  • Oct 12, 2015 7:07am Oct 12, 2015 7:07am
Simple as that:
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  • #404
  • Oct 12, 2015 7:09am Oct 12, 2015 7:09am
Quoting Pipologist
{quote} 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
Ok got it Thanks, I am familiar with ADR,WDR AND MDR
I like what i am seeing so far.
  • #405
  • Oct 12, 2015 7:10am Oct 12, 2015 7:10am
Quoting sakisf
Simple as that: {image}
That cross market analysis I do not like at all, that is to say comparing correlation of charts. Fundamentally I get it, but the timing is a hella difficult thing to nail for me.

15:10 that is a good way to buy more at a lower price, that will shake out a few weak longs and transfer their lots over before the second run up begins. I HATE it when they do that...even if I don't get shaked out, and buying more into that is always more risky. I have another word for those guys when they do that, but I can't say it here, but I notice it does happen about 3 times a day.
  • #406
  • Oct 12, 2015 7:14am Oct 12, 2015 7:14am
Quoting Pipologist
{quote} That cross market analysis I do not like at all, that is to say comparing correlation of charts. Fundamentally I get it, but the timing is a hella difficult thing to nail for me.
EG is a good guideline on USD holidays or when USD strength/weakness is muted. Now we might get 1.14. Stop at 58.
  • #407
  • Oct 12, 2015 7:15am Oct 12, 2015 7:15am
Quoting Pipologist
{quote} That cross market analysis I do not like at all, that is to say comparing correlation of charts. Fundamentally I get it, but the timing is a hella difficult thing to nail for me.
When you trade H1 or H4 you have all time in the world.
  • #408
  • Oct 12, 2015 7:37am Oct 12, 2015 7:37am
this morning was a V spike up towards the top on the 5, now we may have a W forming on the 1 , 5 , and 15. Wouldn't that be nice.

gotta be careful with that W though, sometimes it turns out to be the F U pattern which is deadly for longs
  • #409
  • Oct 12, 2015 7:55am Oct 12, 2015 7:55am
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.
im sorry, but im not a scalper.. i dont use 5p TPs.. if what im doing is scalping, im not doing it well.. Price is 50p higher than my lowest short.. i placed TPs at 60p below this price.. but if it goes 30p below, im at breakeven.. i'm pretty optimistic, sadly..
Dont trade like me..
  • #410
  • Oct 12, 2015 8:07am Oct 12, 2015 8:07am
There was only one exception from this rule.
Oh and this is 4h so still plenty of time for wtf move.
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  • #411
  • Oct 12, 2015 8:19am Oct 12, 2015 8:19am
Quoting KzX
There was only one exception from this rule. Oh and this is 4h so still plenty of time for wtf move. {image}
Maybe about London close. But the daily candle is just showing continuation so far, too early I know.... Just need 2 continuous bull 1m candles to close over 1.1374 and done. Moved sl to be at 1.1364 anyway and done for the day.
  • #412
  • Oct 12, 2015 8:51am Oct 12, 2015 8:51am
Quoting KzX
There was only one exception from this rule. Oh and this is 4h so still plenty of time for wtf move. {image}
not liking the look of that chart, but assuming massive accumulation at 70 and shakeouts below if they can. I should have unloaded some rebuys for small prof instead looking at a possible hedge to figure out how to unwind tomorrow, in positive ground for the day so it's good but testing my endurance today
  • #413
  • Edited 9:18am Oct 12, 2015 9:00am | Edited 9:18am
Quoting Pipologist
{quote} not liking the look of that chart, but assuming massive accumulation at 70 and shakeouts below if they can. I should have unloaded some rebuys for small prof instead looking at a possible hedge to figure out how to unwind tomorrow, in positive ground for the day so it's good but testing my endurance today
Like it or not, MACD is just in that magic area, also near 1.14 - decision zone and mid term swing competion so...
There are basically two scenarios, either wild ride above to 1.185 - but that needs a proper trigger OR
a correction with/without mild stop hunt above 1.14.


Anyway that AUD just sticks to me today, took another short @ 7366, yes yes, I'm brave

[Edit] TP got hit a few minutes after this post so no more AU.
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  • #414
  • Edited 9:33am Oct 12, 2015 9:08am | Edited 9:33am
unbelievable gave them a sell stop to get my hedge on, they went right after it, my volume is scratch, so it was just the timing of it, but I think they're really looking to collect, instead I took it off the server just before it went any further and bought some more for less and voila, it's ticking up again. gonna dollar cost avg a possible bad postion...

right now I think they are eating sells like they are HUNGRY took a quickie prof on one rebuy and they blew right past it...

IF and when we blow through 80 this time, it's should pop more than the 3p last time and when it hits 88 if it does again today, there's not going to be much resistance until 1.14 and 1.14 plus, by that time the momentum, will probably (read: hoping) will carry it up.

anyway unloaded my rebuys for small prof just to make me a bit lighter here in case she turns down, otherwise, putting back my sell stop hedge and will figure it out in the morning. good night all.

3 min later....I'm sick and obsessive compulsive...another rebuy on that dip down again...it's just too obvious right now..

Fireworks at 1.14 should NY Chi can take it there....it didn't move like I thought it might at 80, but it aint PBing either, so more buying on the dips and shaking sellers out might be the agenda here.
  • #415
  • Oct 12, 2015 9:30am Oct 12, 2015 9:30am
Quoting Pipologist
unbelievable gave them a sell stop to get my hedge on, they went right after it, my volume is scratch, so it was just the timing of it, but I think they're really looking to collect, instead I took it off the server just before it went any further and bought some more for less and voila, it's ticking up again. gonna dollar cost avg a possible bad postion... right now I think they are eating sells like they are HUNGRY took a quickie prof on one rebuy and they blew right past it... IF and when we blow through 80 this time, it's should pop more than...
  • #416
  • Oct 12, 2015 9:34am Oct 12, 2015 9:34am
Quoting Pipologist
unbelievable gave them a sell stop to get my hedge on, they went right after it, my volume is scratch, so it was just the timing of it, but I think they're really looking to collect, instead I took it off the server just before it went any further and bought some more for less and voila, it's ticking up again. gonna dollar cost avg a possible bad postion... right now I think they are eating sells like they are HUNGRY took a quickie prof on one rebuy and they blew right past it... IF and when we blow through 80 this time, it's should pop more than...
Don't let it fool you, needs to stay above 73-74 in the 1m for the next 25 min. Unless it goes for 94 before that time there could still be some fight in bears.
  • #417
  • Oct 12, 2015 9:37am Oct 12, 2015 9:37am
Hehe, greed is good, huh?


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  • #418
  • Oct 12, 2015 9:44am Oct 12, 2015 9:44am
Signals on higher TFs are always stronger, MUCH stronger. When you see it's gonna fall now or in a bit then don't be greedy if you took the trade in opposite direction.
In above example: DON'T STICK TO LONGS FOR A LONGER PERIOD OF TIME FOR FUCK SAKE!
Maybe now it's a bit clearer

Anyway. EU is stuck between mid OR and upper band of OR for a few hours. If you really see which way it's gonna pop and why please do tell.
  • #419
  • Oct 12, 2015 9:46am Oct 12, 2015 9:46am
Quoting sakisf
{quote} Don't let it fool you, needs to stay above 73-74 in the 1m for the next 25 min. Unless it goes for 94 before that time there could still be some fight in bears.
are you talking about london close? I am guessing that it's NY buying. so I'm buying the dips, worst case is that I just averaged out a sell stop hedge into smaller pieces...very little pieces but breakable...and at a higher avg price than taking one sell stop hedge in one order at my pain level.
  • #420
  • Oct 12, 2015 9:55am Oct 12, 2015 9:55am
Quoting KzX
Signals on higher TFs are always stronger, MUCH stronger. When you see it's gonna fall now or in a bit then don't be greedy if you took the trade in opposite direction. In above example: DON'T STICK TO LONGS FOR A LONGER PERIOD OF TIME FOR FUCK SAKE! Maybe now it's a bit clearer Anyway. EU is stuck between mid OR and upper band of OR for a few hours. If you really see which way it's gonna pop and why please do tell.
I don't have a crystal ball like you KzX. It's reverse logic. It hasn't fallen as it should, instead it's putting in HLs and although with LHs too, but it keeps toying with the take off points. If it falls great, I'll be hedged and not take a full hit upfront and hopefully weasel my way out of it, other than that popping to the upside is obvious and more profitable for them? but unless there's participation from everyone else, it's not popping. It seems like traders are looking for a direction and in the meantime they are just accumulating, in order to unload after a pop or serve it back to (me) with my account flattened a bit. I'm taking a risk here I know but it is much less than all the whipsawing in and out haphazardly I did last week. I have an opinion and my delusions of why the move up or down is not happening yet and sticking with it until I get more info in the form of price. It's just that PA is telling me that the technicals could be out the door on this cycle or just late

another thought...we've been ranging and technicals work great in that env but sometimes it just pulls up or down and says f the oscillators, in that case, usually it's the start of a big move.
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