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

  • #621
  • Oct 14, 2015 9:54am Oct 14, 2015 9:54am
Quoting Pipologist
{quote} Other than making me hungry, what does it mean, have not heard of that one if I recall...
It's a bullish example. On EU it's upside down.
Not saying it's gonna reverse for sure so don't take it as a trade recommendation.
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  • #622
  • Oct 14, 2015 9:55am Oct 14, 2015 9:55am
Quoting puney
{quote} sorry I was on school run , I would have said yes. But for me I've reached my target for the day and call it a day. Daily targets works for me , as it stops me over trading and being over confident. Trading is as much having a edge as Psychology.
hear hear, well said
  • #623
  • Oct 14, 2015 9:55am Oct 14, 2015 9:55am
Pretty much done for the day. Just waiting for 1.1460 so I can come here and say 'told ya'

Closed EG long, dax short, made something out of the day finally. Waiting now to short Euro at a sensible level (1.1460-1.1480).
  • #624
  • Oct 14, 2015 9:57am Oct 14, 2015 9:57am
And one more with proper pin afterwards.
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  • #625
  • Oct 14, 2015 9:57am Oct 14, 2015 9:57am
Quoting KzX
{quote} It's a bullish example. On EU it's upside down. Not saying it's gonna reverse for sure so don't take it as a trade recommendation. {image}
oK, yeah, I looked at the chart just now, sorry in a trade.

I call that a "scissors" pattern.
  • #626
  • Oct 14, 2015 9:57am Oct 14, 2015 9:57am
Hi all,

I am new to the forum nice to join this forum . first of all, I would like to apologize for my bad English . For me I like to trade using the daily chart due to my daytime work. My personal experience with the time chart are as follow:

1mins, 5mins and 30mins - have to monitor your trade as the swing may get volatile at times

1hr , 4hr , daily - ensure that your fund is sufficient to withstand the swing throughout the day .

My friend once told me: higher time frame = the higher accuracy for your chart analysis

This is my first post , hope I can make some friends with the same interest here
  • #627
  • Oct 14, 2015 10:00am Oct 14, 2015 10:00am
Then cut my sandwich with your scissors!
  • #628
  • Edited 10:31am Oct 14, 2015 10:00am | Edited 10:31am
Quoting Pipologist
{quote} buy TP has been hit, now still holding short from 301 bid at 388, putting in a hard stop at 475
now getting a sell sig at 326 but holding short from 301 already. Target is at 229. Stop is soon.

Moved stop to 40 minimize damage on the hedge. Might get lucky here and get 2 TPs out of it.

OK long again at 376...

last trade cycle off the top of my head

L L S L
+8.3 / +7 / -6.9 / SL now locked in at BE +2, stop at worst case -4.6

If I can do this all day with this automated, it might be my edge....it allows me to over-trade profitably!! Of course, I want to slam dunk it like KzX, but if I can trade a lot of total volume per month with many turns, at breakeven or profit, my positive cash flow is guaranteed with pip rebates..and if I can stop the daily yo-yo'ing, it's still way to early to tell though, since most scalping robots eat the dust eventually.

NOW Short at 39 SL and TP on server...I gotta sleep.
  • #629
  • Edited 11:44am Oct 14, 2015 10:29am | Edited 11:44am
Short GU. Close call, destined to fail. Stopped.

Quoting Pipologist
{quote} Of course, I want to slam dunk it like KzX, but if I can trade a lot of total volume per month with many turns, at breakeven or profit, my positive cash flow is guaranteed with pip rebates..and if I can stop the daily yo-yo'ing, it's still way to early to tell though, since most scalping robots eat the dust eventually. NOW Short at 39
Until they say you do churning.

Tried a u/cad short too. Didn't see that 1m bar coming Closed +19 at 19.44.
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  • #630
  • Oct 14, 2015 10:37am Oct 14, 2015 10:37am
Quoting KzX
And one more with proper pin afterwards. {image}
waiting for your Doji..
Dont trade like me..
  • #631
  • Oct 14, 2015 10:43am Oct 14, 2015 10:43am
Quoting sakisf
Until they say you do churning. {image} {image}
Actually, when I trade manually I trade more and whipsaw more than using this so far this evening.

short from 39 still on moved to BE+1, bid at 35 now and target is 23 on server.

done for today. bed time.
  • #632
  • Oct 14, 2015 10:46am Oct 14, 2015 10:46am
Quoting Pipologist
{quote} Actually, when I trade manually I trade more and whipsaw more than using this so far this evening. short from 39 still on moved to BE+1, bid at 35 now and target is 23 on server. done for today. bed time.
Problem there above your sl though. Good night
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  • #633
  • Oct 14, 2015 10:49am Oct 14, 2015 10:49am
Quoting sanvulture
{quote} waiting for your Doji..
It's not mandatory.
  • #634
  • Oct 14, 2015 10:55am Oct 14, 2015 10:55am
Quoting KzX
{quote} It's not mandatory.
but its in the making.. lol i have shorts in red, so i gotta have hope..
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and hopefully, after london close, NY may drag it down for that confirmation candle..
Dont trade like me..
  • #635
  • Oct 14, 2015 11:26am Oct 14, 2015 11:26am
Quoting sanvulture
{quote} but its in the making.. lol i have shorts in red, so i gotta have hope.. {image} and hopefully, after london close, NY may drag it down for that confirmation candle..
Hope should have an sl.
  • #636
  • Oct 14, 2015 12:13pm Oct 14, 2015 12:13pm
Quoting sakisf
{quote} Hope should have an sl.
Dang, u got me.. its no use worrying about it now though.. i just need to short a sure 50p down and i'll close all my shorts in profit..
Dont trade like me..
  • #637
  • Oct 14, 2015 12:17pm Oct 14, 2015 12:17pm
Quoting sanvulture
{quote} Dang, u got me.. its no use worrying about it now though.. i just need to short a sure 50p down and i'll close all my shorts in profit..
Looking at the daily 50p is a bit too far. And it's continuously challenging the high, might not hold through Asia.
  • #638
  • Oct 14, 2015 12:34pm Oct 14, 2015 12:34pm
Quoting sakisf
{quote} Looking at the daily 50p is a bit too far. And it's continuously challenging the high, might not hold through Asia.
ya, if it goes down to 1.1405 area at least, i'll get out.. it isnt a huge loss, but money is money, and i dont wanna lose more..
Dont trade like me..
  • #639
  • Oct 14, 2015 12:40pm Oct 14, 2015 12:40pm
althought it's quite late, 3M gave me a sell signal ... short from 1.1444
  • #640
  • Oct 14, 2015 1:00pm Oct 14, 2015 1:00pm
shorted 1.14471 with 10p SL & 10p TP.. if this goes to 1.14, i'll close all shorts..

stopped..
Dont trade like me..
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