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

  • #501
  • Oct 13, 2015 5:10am Oct 13, 2015 5:10am
Quoting KzX
{quote} One reason for that is a retrace on Dollar to 94.65-70 > EU to the price he mentioned.
EG could unlock more than that irrespective of where dxy wants to go. If it breaks out today then expecting it to hit 1.15+ in the following days.
  • #502
  • Oct 13, 2015 5:12am Oct 13, 2015 5:12am
Quoting sanvulture
{quote} you look for retrace to 1.1404, but also think EU may go down.. which one will occur first? (im not being sarcastic, its a real question.. i would like to know ur reason for both the moves) Thanks in advance..
I look at both EUR/USD and US Index for price movement. Yes it may go down from here , but I look at high probability of price movement at certain prices where price has sold of significantly. Price coming back to this level again will react accordingly whether its 10 pips or more . This gives you high probablity trade which is so important .
  • #503
  • Oct 13, 2015 5:16am Oct 13, 2015 5:16am
Hope this one does the trick (GU). Survived 5 minutes.
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  • #504
  • Oct 13, 2015 5:17am Oct 13, 2015 5:17am
Quoting KzX
{quote} One reason for that is a retrace on Dollar to 94.65-70 > EU to the price he mentioned.
Quoting puney
{quote} I look at both EUR/USD and US Index for price movement. Yes it may go down from here , but I look at high probability of price movement at certain prices where price has sold of significantly. Price coming back to this level again will react accordingly whether its 10 pips or more . This gives you high probablity trade which is so important .
Thank you guys for the replies.. everything's just adding more fuel to the fire.. i hope it doesnt shoot off like a rocket, but burn and sink down, to my TPs..
Dont trade like me..
  • #505
  • Oct 13, 2015 5:20am Oct 13, 2015 5:20am
Everytime they broke below there was an instant stop hunt.
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  • #506
  • Oct 13, 2015 5:23am Oct 13, 2015 5:23am
Quoting puney
{quote} I look at both EUR/USD and US Index for price movement. Yes it may go down from here , but I look at high probability of price movement at certain prices where price has sold of significantly. Price coming back to this level again will react accordingly whether its 10 pips or more . This gives you high probablity trade which is so important .

Another thing I look at closely is confluence of price action as mentioned above with pivot points(especially london) and important fib levels.
  • #507
  • Oct 13, 2015 5:26am Oct 13, 2015 5:26am
Quoting sanvulture
{quote} {quote} Thank you guys for the replies.. everything's just adding more fuel to the fire.. i hope it doesnt shoot off like a rocket, but burn and sink down, to my TPs..
Maybe you should demo some hedging with limit orders really quickly
  • #508
  • Oct 13, 2015 5:31am Oct 13, 2015 5:31am
Quoting sakisf
Hope this one does the trick (GU). Survived 5 minutes. {image}
Daily S3 1.52430 is supporting well.. is that a significant level? i wanted to buy below it, but i was looking at EU and didnt buy GU..
now, i bought at 1.52497 10p SL, will add if it goes below DS3 again or above DS2..
Dont trade like me..
  • #509
  • Oct 13, 2015 5:33am Oct 13, 2015 5:33am
Quoting sanvulture
{quote} Daily S3 1.52430 is supporting well.. is that a significant level? i wanted to buy below it, but i was looking at EU and didnt buy GU.. now, i bought at 1.52497 10p SL, will add if it goes below DS3 again..
I don't use pivots anymore. Failed too many times with them. Just trying to catch the bottom there.
  • #510
  • Oct 13, 2015 5:35am Oct 13, 2015 5:35am
Quoting sakisf
{quote} Maybe you should demo some hedging with limit orders really quickly
i wasnt online when today's high was reached, else i would have shorted there too, and when it reached down to daily pivot, all my shorts added will be in + and i could have closed it.. can it come down 30p?
Dont trade like me..
  • #511
  • Oct 13, 2015 5:40am Oct 13, 2015 5:40am
Quoting KzX
{quote} Just following what expected yesterday.
Right on Right on
  • #512
  • Oct 13, 2015 5:41am Oct 13, 2015 5:41am
Quoting sanvulture
{quote} i wasnt online when today's high was reached, else i would have shorted there too, and when it reached down to daily pivot, all my shorts added will be in + and i could have closed it.. can it come down 30p?
In 1.5 hours maybe, when US enters, but they might also drive it higher. One of the patterns I see often in EU is London making a high/low, bringing price lower/higher later for US to catch good prices then it goes back to where it came from. Not always working, but when I see it happening on 1m I trade it.
  • #513
  • Oct 13, 2015 5:42am Oct 13, 2015 5:42am
Quoting sanvulture
{quote} i wasnt online when today's high was reached, else i would have shorted there too, and when it reached down to daily pivot, all my shorts added will be in + and i could have closed it.. can it come down 30p?
making another run now from 90s to 60s i think....
  • #514
  • Oct 13, 2015 5:48am Oct 13, 2015 5:48am
Seems like it's game over this time. Or not?

With dax being negative Euro can't be restrained forever.
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  • #515
  • Oct 13, 2015 5:58am Oct 13, 2015 5:58am
Alot of buying pressure at 1365 (CFD level), thats 3 SLs at the same level. I am not convinced its ready to break lower just yet.
  • #516
  • Oct 13, 2015 6:01am Oct 13, 2015 6:01am
Hmm bear trap forming on the AUD maybe??
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  • #517
  • Oct 13, 2015 7:42am Oct 13, 2015 7:42am
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  • #518
  • Oct 13, 2015 7:48am Oct 13, 2015 7:48am
Quoting sakisf
{image}
Not sure if I'm patient enough with this one.
In from 375. Dollar's approaching that shitty level I've been waiting for ;/
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  • #519
  • Edited 8:13am Oct 13, 2015 7:53am | Edited 8:13am
Quoting KzX
{quote} Not sure if I'm patient enough with this one. In from 375. Dollar's approaching that shitty level I've been waiting for ;/ {image}
I wasn't. Closed here (1.1398) to cover some of the losses I did playing with GU. Would wait for it to come back to 75-80 to buy again or next buy above 1.1436 after it confirms it as support. If it runs to cover all 3 then we could easily have another doji day. Unless of course blue fib from previous post gets wiped (goes above daily high), then it will take days to cover them.

Maybe it's time to fade E/G with 10 pip sl. But G is very weak... Added a dax long too @9947, tp 10040, sl 9930, so I am expecting Euro to fall.
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  • #520
  • Oct 13, 2015 8:13am Oct 13, 2015 8:13am
Yea, good call, I reversed just below 400, didn't like these wicks on m5.
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