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

  • #781
  • Oct 16, 2015 4:24am Oct 16, 2015 4:24am
Quoting cvds16
for me no longs untill we reach at least 1.1326, all seems to be just building for more down ...
There's a scuffle at 50. There always is. They already blasted through one 100 pips above, not sure if the buyers are going to let that happen again this soon. Eventually people need to buy EUROS.

My stop is at 45, but many times they run to 38 before blasting up through 62 again.

Let's see how 50ish holds.
  • #782
  • Oct 16, 2015 4:24am Oct 16, 2015 4:24am
Quoting Pipologist
{quote} I'm sorry to hear that. I thought you were invincible you were calling them spot on. The markets have not been scalper friendly the last several days in my opinion. I think swing traders though mopped it up. Gotta be both. I didn't fare well either if it's any consolation.
It's ok, at least I am not overleveraged like in the past. What annoys me the most is I am going against my own system instead of following it as I did the previous days. Yesterday I said even here that I expected a short day and instead I was doing buys Even 1m was telling me to sell the 34 wave and failures above 200 but I kept doing the opposite.

I am not a friend of swing trading as it requires large drawdowns. sl 10-15 suits me more. Hopefully next week I will recover (should stop taking crap positions today)
  • #783
  • Oct 16, 2015 4:27am Oct 16, 2015 4:27am
You remember that magic 94.70 on dollar from few days back?
  • #784
  • Oct 16, 2015 4:28am Oct 16, 2015 4:28am
Quoting KzX
You remember that magic 94.70 on dollar from few days back?
It's acting as res now?
  • #785
  • Oct 16, 2015 4:29am Oct 16, 2015 4:29am
Yup, it was a good spot for a few at least.
Dollar still looks like it broke out from a flag but I loaded at the time they hit 94.70 - really high prob they will bounce from there.
  • #786
  • Oct 16, 2015 4:30am Oct 16, 2015 4:30am
Quoting sakisf
{quote}What annoys me the most is I am going against my own system...
Your system seems to work. You have market profile and vpocs down. Why tinker with it. Rhetorical question. Sorry.
  • #787
  • Oct 16, 2015 4:35am Oct 16, 2015 4:35am
Quoting Pipologist
{quote} Your system seems to work. You have market profile and vpocs down. Why tinker with it. Rhetorical question. Sorry.
Heat of the moment. Really. Last two days haven't been busy at the office and watching too much of charts makes you wanna enter I will stop it and have a better plan after the weekend.

Quoting KzX
Yup, it was a good spot for a few at least. Dollar still looks like it broke out from a flag but I loaded at the time they hit 94.70 - really high prob they will bounce from there.
Just put it on my map. Comes together with the 200 EMA on daily, nice spot to re-enter dollar shorts.
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  • #788
  • Oct 16, 2015 4:43am Oct 16, 2015 4:43am
moved stop to 1.1367 protecting 22

on a sidenote, without multi-tf charts markets were almost untradeable last few days as I found out myself the hard way ...
got 1/2/3/5/10/15/30 now on to help me mix between scalp and swing

expecting to see more down
  • #789
  • Oct 16, 2015 4:52am Oct 16, 2015 4:52am
as expected: didn't take my stop out, 15M wicks pointing to more down
  • #790
  • Oct 16, 2015 4:54am Oct 16, 2015 4:54am
That crash through 70 up on the dollar, crashed through my stop at 45 on the Euro just a second apart. Brutal. Simply brutal.
  • #791
  • Oct 16, 2015 5:00am Oct 16, 2015 5:00am
the three wicks on 30M before london open was pointing to downday ... so I am very carefull with longs ...
  • #792
  • Oct 16, 2015 5:02am Oct 16, 2015 5:02am
this however is a better place, I reversed and am long now 48 (3M engulfer)
  • #793
  • Edited 5:38am Oct 16, 2015 5:08am | Edited 5:38am
Quoting cvds16
this however is a better place, I reversed and am long now 48
I expected a hit at 41 since it was slowly grinding down. Took a long too at 44 with sl 35, not having much hope for it though. Bulls need to keep it above 53 consistently to avoid further drop.

Removed stop for a while, having a small dax runner which covers for 40+ pips stop.
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  • #794
  • Oct 16, 2015 5:12am Oct 16, 2015 5:12am
It was risky, that flag on dollar was unfortunately stronger. I got S/O at BE +1.
Still keeping one short from the morning but moving BE lower and lower.
  • #795
  • Oct 16, 2015 5:17am Oct 16, 2015 5:17am
Quoting sakisf
{quote} I expected a hit at 41 since it was slowly grinding down. Took a long too at 44 with sl 35, not having much hope for it though. Bulls need to keep it above 53 consistently to avoid further drop. {image}
thats a good place to long as any . Euro is at daily fib low and US index at daily fib high.
  • #796
  • Oct 16, 2015 5:42am Oct 16, 2015 5:42am
Quoting puney
{quote} thats a good place to long as any . Euro is at daily fib low and US index at daily fib high.
indeed
And when you have decided, then rely upon Allah.
  • #797
  • Oct 16, 2015 5:47am Oct 16, 2015 5:47am
I wouldn't get too excited though, I am expecting to see at least 1.1366, maybe 1.1376 but nothing further ...
yesterday was a sell signal on my 8H chart so we probably haven't seen the best of this downmove ...
  • #798
  • Oct 16, 2015 5:55am Oct 16, 2015 5:55am
Quoting cvds16
I wouldn't get too excited though, I am expecting to see at least 1.1366, maybe 1.1376 but nothing further ... yesterday was a sell signal on my 8H chart so we probably haven't seen the best of this downmove ...
Correct. This is a scalping/swing thread , so we are only after 10 pips in my case. Looking at daily the trend is down , so we should be careful.
  • #799
  • Oct 16, 2015 6:12am Oct 16, 2015 6:12am
Quoting puney
{quote} Correct. This is a scalping/swing thread , so we are only after 10 pips in my case. Looking at daily the trend is down , so we should be careful.
im out for my 10 pips
  • #800
  • Oct 16, 2015 6:13am Oct 16, 2015 6:13am
this turned into an hourly buying signal, so we might get to 1.1380 in the best case ...
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