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

  • #841
  • Oct 16, 2015 11:05am Oct 16, 2015 11:05am
looks like we are going to get a weekly doji pinbar here ...
  • #842
  • Oct 16, 2015 11:19am Oct 16, 2015 11:19am
quick scalp: long 57, and back to short again at 66
  • #843
  • Oct 16, 2015 11:20am Oct 16, 2015 11:20am
And? What does a pin mean in consolidation?
  • #844
  • Oct 16, 2015 12:03pm Oct 16, 2015 12:03pm
Quoting sanvulture
long at 1.1350, TP at 1.1375, SL 1.1342 Edit: SL moved to BE+2 Edit: SL to BE+4
i hate it when price hits my SL and go beyond my TP..
Dont trade like me..
  • #845
  • Oct 16, 2015 12:04pm Oct 16, 2015 12:04pm
it's not exactly an easy day: sometimes you need extreme patience and then hit like a sniper ... had my shares of dumb mistakes here ...
  • #846
  • Oct 16, 2015 12:05pm Oct 16, 2015 12:05pm
Quoting KzX
And? What does a pin mean in consolidation?
a reversal?

daily got a pin bar in the opposite direction than the weekly..
Dont trade like me..
  • #847
  • Oct 16, 2015 12:05pm Oct 16, 2015 12:05pm
now long targeting 1.1327 ... might take a while though ...
  • #848
  • Oct 16, 2015 12:10pm Oct 16, 2015 12:10pm
1.1395 might be more realistical though
  • #849
  • Oct 16, 2015 12:11pm Oct 16, 2015 12:11pm
Quoting cvds16
now long targeting 1.1327 ... might take a while though ...
you mean short? or you meant 1.1427?
Dont trade like me..
  • #850
  • Oct 16, 2015 12:18pm Oct 16, 2015 12:18pm
3H might light the fire ...
  • #851
  • Oct 16, 2015 12:19pm Oct 16, 2015 12:19pm
Quoting sanvulture
{quote} you mean short? or you meant 1.1427?
yes, long targetting 1.1427 ... seem to be distracted today ...
  • #852
  • Edited 12:58pm Oct 16, 2015 12:29pm | Edited 12:58pm
Quoting cvds16
{quote} yes, long targetting 1.1427 ... seem to be distracted today ...
shorted 1.1385, SL and TP both at 10p..
nvm, closed at +0.2p

shorted 1.1390, TP 1.1382, SL 1.14
closed at +2.2p, scary..
Dont trade like me..
  • #853
  • Oct 16, 2015 12:46pm Oct 16, 2015 12:46pm
3H and 4H engulfers just fired off ... we should go substantially higher in the end ...
  • #854
  • Oct 16, 2015 12:53pm Oct 16, 2015 12:53pm
revisited my target to 1.1359 ... but it could take monday to get there ...
  • #855
  • Oct 16, 2015 1:03pm Oct 16, 2015 1:03pm
Quoting cvds16
revisited my target to 1.1359 ... but it could take monday to get there ...
well, its 11.31pm here.. time to call it a day, bcoz in half an hour, it will be.. lol Good Night guys.. see you on monday..
Dont trade like me..
  • #856
  • Oct 16, 2015 1:43pm Oct 16, 2015 1:43pm
Quoting sanvulture
{quote} shorted 1.1385, SL and TP both at 10p.. nvm, closed at +0.2p shorted 1.1390, TP 1.1382, SL 1.14 closed at +2.2p, scary..
Hi Sanvulture, I was at some point in my journey in the same predicament " shorted 1.1390 scary" to take trades at natural resistance/support points or at pivot points which you should take trades when all are in agreement. Sometimes you have to take risks at the ultimate resistance/support points , this allows for some fluctuation in your stop loss. Its better to wait for better signal. I use to suffer from revenge trading and took unecesary risks flouting my own rules.

The key here is learn from mistakes and follow your rules no matter what.

Hope it helps in your transition to become better trader.
  • #857
  • Oct 16, 2015 1:59pm Oct 16, 2015 1:59pm
seems like my bigger read on the 8H was still right after all, shorted the 5M 123-reversal at 83, but this sure was a sneaky one :-(
  • #858
  • Oct 17, 2015 3:07am Oct 17, 2015 3:07am
Quoting sanvulture
{quote} a reversal? daily got a pin bar in the opposite direction than the weekly..
Still don't get it. which is stronger daily, weekly? What's the direction atm? Reversal which way?

Pin bars in consolidation mean nothing. A wick in consolidation is either pressure from the opposite side or the direction which will be followed.
  • #859
  • Oct 17, 2015 4:00am Oct 17, 2015 4:00am
15 30 60 120 everything is same in all chart
price 1.1349
first TP 1.1300
Second TP 1.1235
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  • #860
  • Oct 17, 2015 7:54pm Oct 17, 2015 7:54pm
Quoting KzX
{quote} A wick in consolidation is either pressure from the opposite side or the direction which will be followed.
Therefore a wick in consolidation = wicked. Must be extra careful.
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