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

  • #641
  • Oct 14, 2015 1:01pm Oct 14, 2015 1:01pm
took a 4 pip loss, looks too strong to me ...
  • #642
  • Edited 1:30pm Oct 14, 2015 1:12pm | Edited 1:30pm
Short 62, sl 68, tp 38. be at 52. Stopped.
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  • #643
  • Oct 14, 2015 1:13pm Oct 14, 2015 1:13pm
went long at 1.1449, aiming for +30
  • #644
  • Oct 14, 2015 1:32pm Oct 14, 2015 1:32pm
i give up.. all shorts closed with regret and a good lesson.. i hope i learned it well..
Time to earn them back though..
Dont trade like me..
  • #645
  • Oct 14, 2015 1:33pm Oct 14, 2015 1:33pm
Short@471, SL488

I'm not taking that seriously, don't usually trade at this hour.
I also shorted gold (small position).
  • #646
  • Oct 14, 2015 1:44pm Oct 14, 2015 1:44pm
Quoting KzX
Short@471, SL488 I'm not taking that seriously, don't usually trade at this hour. I also shorted gold (small position).
i dont understand what caused the spike at 1.144.. can you tell me that please? Thank you..
Dont trade like me..
  • #647
  • Oct 14, 2015 1:47pm Oct 14, 2015 1:47pm
Quoting sanvulture
i give up.. all shorts closed with regret and a good lesson.. i hope i learned it well.. Time to earn them back though..
Lots of pairs seem to be reversing, gold is on a rampage etc...
I don't know if we are brave or stupid, trying to catch reversal or bigger pullback
  • #648
  • Oct 14, 2015 1:48pm Oct 14, 2015 1:48pm
Quoting sanvulture
{quote} i dont understand what caused the spike at 1.144.. can you tell me that please? Thank you..
A number of Districts cite the strong dollar as restraining manufacturing activity as well as tourism spending.
http://www.federalreserve.gov/moneta...10.htm?summary

Also UJ about to break the range down.

NU unstoppable.
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  • #649
  • Oct 14, 2015 1:54pm Oct 14, 2015 1:54pm
Quoting KzX
{quote} Lots of pairs seem to be reversing, gold is on a rampage etc... I don't know if we are brave or stupid, trying to catch reversal or bigger pullback
haha are you telling me if i had hold them a little longer, i could have closed them with fewer loss or in profit? lol

Quoting sakisf
{quote} A number of Districts cite the strong dollar as restraining manufacturing activity as well as tourism spending. http://www.federalreserve.gov/moneta...10.htm?summary Also UJ about to break the range down.
just for that? but it was a low impact news..
Dont trade like me..
  • #650
  • Oct 14, 2015 1:54pm Oct 14, 2015 1:54pm
Quoting KzX
{quote} Lots of pairs seem to be reversing, gold is on a rampage etc... I don't know if we are brave or stupid, trying to catch reversal or bigger pullback
I am with you, shorting the GPB also,will know in the next 24. even if they only do a 50% reversal it will be good for my entries either way i'm in
GBP and SL is @.5500 and EU sl @.1540
  • #651
  • Oct 14, 2015 1:57pm Oct 14, 2015 1:57pm
reason to go long was ascending triangle on 15M when we broke 49, took the +30 measured move
  • #652
  • Oct 14, 2015 2:11pm Oct 14, 2015 2:11pm
Quoting sanvulture
{quote} haha are you telling me if i had hold them a little longer, i could have closed them with fewer loss or in profit? lol {quote} just for that? but it was a low impact news..
Not saying that, I took the trade only because it's on a good R:R level, stop is almost 20p which is not that much.
Previous sandwich pattern failed so far, there was no proper signal to short afterwards.
I still don't see a proper sign of weakness so this trade is a pure gamble.
  • #653
  • Oct 14, 2015 2:23pm Oct 14, 2015 2:23pm
Quoting KzX
Short@471, SL488 I'm not taking that seriously, don't usually trade at this hour. I also shorted gold (small position).
S/o on EU and gold.
I'll better get back to cooking dinner.
  • #654
  • Edited 3:06pm Oct 14, 2015 2:24pm | Edited 3:06pm
Tomorrow would look for short term shorts. Small sl's, expecting 1510 to be hit at some time and maybe more by Friday. 1.1510, 1.1580 for shorting, then we enter fast move zone.

About time for sentiment too, within my zone for reversal.

Final shot for today. 84, sl 91, tp 60. Closed at +9 and done.
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  • #655
  • Oct 14, 2015 3:40pm Oct 14, 2015 3:40pm
Quoting sakisf
Tomorrow would look for short term shorts. Small sl's, expecting 1510 to be hit at some time and maybe more by Friday. 1.1510, 1.1580 for shorting, then we enter fast move zone. About time for sentiment too, within my zone for reversal. Final shot for today. 84, sl 91, tp 60. Closed at +9 and done. {image} {image} {image}
Congrats! I basicaly made two mistakes, traded after London which I don't do and put a hard stop which I also don't do ehh. They took me out to the pip.
  • #656
  • Edited 4:35pm Oct 14, 2015 4:10pm | Edited 4:35pm
EU levels for October 15

1.14740
1.14430
1.14070
1.13870


High impact news:
CPI and Unemployment Claims
  • #657
  • Oct 14, 2015 5:22pm Oct 14, 2015 5:22pm
Quoting sanvulture
{quote} lol is that sarcasm? it wasnt a timed limit order.. DR2 is there, so is WR1.. price struggled, i gambled.. but ya, 40p is too much, 10p would have done it.. now price coming back up for my SL.. GU 1.54072 stopped out.. too low, i wanted above 1.54150 to enter.. no technical reason, whatsoever.. EU stop moved to +11p..
Somehow I missed this post. No not sarcasm at all. I really envied that entry and was wondering what was going through your mind. DR2 and WR1 are good areas.
  • #658
  • Edited 6:24pm Oct 14, 2015 5:31pm | Edited 6:24pm
Quoting sakisf
{quote} Problem there above your sl though. Good night {image}
Just woke up. You guys were busy last hours last night!

I didn't get that gap on my 1 min. chart is that from your activtrades platform?

"Hope should have a sl" - omg. I have never heard it put that way. Seriously. I'm going to ingrain that into my brain because it's only the times that I "hoped" the trade would go my intended way, that I got plowed. Really taking that little 5 or 6 word phrase to heart could have saved me 10s of thousands of dollars in the past and probably as much in the future.

btw, nice call on the runup...

Almost every one of us, knew it was coming, most of us, couldn't time it right to really make a huge score from it. Thus the life of scalpers???? Any swing traders here really nail that run from under 1.13 or low 1.13 to 1.1480? We're only talking a window of 3 days here.
  • #659
  • Edited 7:03pm Oct 14, 2015 5:53pm | Edited 7:03pm
01:48 Early morning scalp Short from 738 \\ TP at 585 \\ SL at 80 even, had to take it, decent RR at -62/+153 (over 2.46) with low volatility and good range after that run up. Now bid at 712

02:37 So far avoided to get whipped, I stretched the parameters of algo a bit...and avoided a contradicting signal here. SL and TP and direction remain intact, unchanged. Bid up as high as 769 just beyond reach of the stop so far. If we get stopped at 80 offer, still happy with this trade because I managed to not get whipsawed on a contradicting signal for now. I could still get whipsawed at 80 but for now avoided one, so that to me is a major positive and improvement from yesterday.

My scalping goals for now:
1. Avoid allowing whipsaws there are too many minor signals during one trading session.
2. Have stops at a reasonable pip distance and allowable equity loss especially when swinging for home run trades.
3. Do not over leverage so that one or a few bad trades can decimate the account. You can't double up EVERYDAY consistently for more than a couple days at a time at best under the most favorable circumstances, even if you take a multitude of winning trades during the session. If you have doubled up in a short amount of time, be sure to take some cash some out and spend it away from the trading account and reward yourself, because you are way too overleveraged and most likely lucky for the time being, so be careful.

Have a good day all.

I'll be out for most of the day here, need to start working on coding.
  • #660
  • Oct 15, 2015 12:22am Oct 15, 2015 12:22am
short 84, sl 92, tp open to anywhere below daily line. first morning entry while not having coffee yet. might get busted soon.

Asia swing earlier. Red circle is where I expect London swing top and then up & down until the news. Aiming for somewhere between the arrows with current short, but will gladly exit at the 50% line if pa slows.
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