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

  • #861
  • Oct 18, 2015 4:50pm Oct 18, 2015 4:50pm
EU levels for October 19

1.13940
1.13800
1.13670
1.13570
1.13450
1.13340
  • #862
  • Oct 18, 2015 7:06pm Oct 18, 2015 7:06pm
Long at 61 from 03:00 multiple buy signals firing...initial target 75, may revise, sl trailing at BE+ now.
  • #863
  • Oct 18, 2015 7:23pm Oct 18, 2015 7:23pm
A short at 1.1346 is of much more interest
  • #864
  • Oct 18, 2015 7:30pm Oct 18, 2015 7:30pm
Quoting directxxx
A short at 1.1346 is of much more interest
If you're holding right now at 46, bid is 66, minus 20 is NOT interesting. However, if you're looking to sell there, it could be interesting.

Please be a bit more specific as to direction and include at least a HOW, WHEN, or WHY.

This is an interactive board, so that others can asses other traders logic, reasoning or timing for active or prospective trades.

During trading hours, we're trying to avoid the neighborhood chat board feel.
  • #865
  • Oct 18, 2015 7:39pm Oct 18, 2015 7:39pm
Quoting Pipologist
{quote} If you're holding right now at 46, bid is 66, minus 20 is NOT interesting. However, if you're looking to sell there, it could be interesting. Please be a bit more specific as to direction and include at least a HOW, WHEN, or WHY. This is an interactive board, so that others can asses other traders logic and reasoning for active or prospective trades. During trading hours, we're trying to avoid the neighborhood chat board feel.
That's a fair point and in the interest of why I will include a chart. I think you have a very strong LONG trade going on here but i did not see it until it was well under way. The alerts on my screen will tell me if it is a deep retracement. If not the next trade for me would be after an alert to the short side as a continuation trade. Sorry for being a slack arse.
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  • #866
  • Oct 18, 2015 7:45pm Oct 18, 2015 7:45pm
Quoting directxxx
{quote} That's a fair point and in the interest of why I will include a chart. I think you have a very strong LONG trade going on here but i did not see it until it was well under way. The alerts on my screen will tell me if it is a deep retracement. If not the next trade for me would be after an alert to the short side as a continuation trade. Sorry for being a slack arse. {image}
Not at all. Thanks for feeding the discussion. I'm looking to get out at about your resistance line unless there is a strong break upwards, which *usually doesn't happen this early, however after a volatile week and downside close last week, it could just starting stepping back up right away today. Otherwise, I'm looking for a normal establishment of an approx. 30 OR, since we've passed 10p up, guessing 15p up or 30p up and then counter move this morning later.
  • #867
  • Oct 18, 2015 7:51pm Oct 18, 2015 7:51pm
Quoting Pipologist
{quote} Not at all. Thanks for feeding the discussion. I'm looking to get out at about your resistance line unless there is a strong break upwards, which *usually doesn't happen this early, however after a volatile week and downside close last week, it could just starting stepping back up right away today. Otherwise, I'm looking for a normal establishment of an approx. 30 OR, since we've passed 10p up, guessing 15p up or 30p up and then counter move this morning later.
As I said I missed the long and won't chase it, it's just a number 9 bus. There will be another one along soon but will keep an eye on it to the short side IF it fails to make a new high.
  • #868
  • Oct 18, 2015 7:55pm Oct 18, 2015 7:55pm
Quoting Pipologist
Long at 61 from 03:00 multiple buy signals firing...initial target 75, may revise, sl trailing at BE+ now.

Bid is now at 71. Am going to trail at BE+, may end up giving back 10p or more here, but this may run to 90 this morning. Will click out on a quick and strong retracement over 2 or 3 mins in duration. Just touched 75 and may start back down, but 1 min and 5, esp 1mn is very strong this morning right now.

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  • #869
  • Oct 18, 2015 8:07pm Oct 18, 2015 8:07pm
Quoting Pipologist
{quote} Bid is now at 71. Am going to trail at BE+, may end up giving back 10p or more here, but this may run to 90 this morning. Will click out on a quick and strong retracement over 2 or 3 mins in duration. Just touched 75 and may start back down, but 1 min and 5, esp 1mn is very strong this morning right now. {image}
I would not be surprised to see it run as high as 82 ish without much resistance. From there, we need to wait and see. Good luck pipo...
  • #870
  • Oct 18, 2015 8:16pm Oct 18, 2015 8:16pm
Quoting directxxx
{quote} I would not be surprised to see it run as high as 82 ish without much resistance. From there, we need to wait and see. Good luck pipo...
Got it. ORL for now +30 = OR. One of those extended OR morning's would be nice now. 5mn is picking up strength and could kick in some mid term buy signal too.

I just got a mid term buy sig on the 5mn, if this holds more than 10 min...we may have just had an interim low.
  • #871
  • Oct 18, 2015 8:21pm Oct 18, 2015 8:21pm
Quoting Pipologist
{quote} Got it. ORL for now +30 = OR. One of those extended OR morning's would be nice now. 5mn is picking up strength and could kick in some mid term buy signal too. I just got a mid term buy sig on the 5mn,if this holds more than 10 min...we may have just had an interim low.
Do you only trade EU ? PM sent
  • #872
  • Oct 18, 2015 8:50pm Oct 18, 2015 8:50pm
Quoting directxxx
{quote} Do you only trade EU ? PM sent
Mostly EUR/USD for scalping. Good range. Lowest spreads. USD/JPY for swing/mid/long. Some indices at times.
  • #873
  • Oct 18, 2015 9:00pm Oct 18, 2015 9:00pm
Short term USDX does not know what it wants to be when it grows up.... I printed myself a chart yesterday of the USDX MONTHLY. Might be while before USD resolves itself. I will post the chart I stuck on the wall. Hope it does not confuse the thread. If so, let me know and I will happily remove it.
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  • #874
  • Oct 18, 2015 9:14pm Oct 18, 2015 9:14pm
Quoting directxxx
Short term USDX does not know what it wants to be when it grows up.... I printed myself a chart yesterday of the USDX MONTHLY. Might be while before USD resolves itself. I will post the chart I stuck on the wall. Hope it does not confuse the thread. If so, let me know and I will happily remove it. {image}
Totally relevant. Lot's of folks using DollarInd to trade here obviously.

5 min pin just now knocked me out with BE+4 too quickly, I think we may have a bonafide move up here for the day, so I couldn't click quick enough to get back on and paid a premium. So I'm back in 10p higher than where I got taken out. I'll give it to the bottom of the pin, in which I will be net -9p on two trades instead of net +15 on one. Silly impulsive trading miss. However, my original signal and target was spot on, so there might still be hope for me today.
  • #875
  • Oct 18, 2015 9:22pm Oct 18, 2015 9:22pm
Quoting Pipologist
{quote} Totally relevant. Lot's of folks using DollarInd to trade here obviously. 5 min pin just now knocked me out with BE+4 too quickly, I think we may have a bonafide move up here for the day, so I couldn't click quick enough to get back on and paid a premium. So I'm back in 10p higher than where I got taken out. I'll give it to the bottom of the pin, in which I will be net -9p on two trades instead of net +15 on one. Silly impulsive trading miss. However, my original signal and target was spot on, so there might still be hope for me today.
USDX made no sense on Daily or Weekly. It was only when I looked at the Monthly chart that it became more clear.

Pipo, you may also want to keep a watchful eye on UJ in the next couple of hours.
  • #876
  • Oct 18, 2015 9:39pm Oct 18, 2015 9:39pm
Quoting directxxx
{quote} USDX made no sense on Daily or Weekly. It was only when I looked at the Monthly chart that it became more clear. Pipo, you may also want to keep a watchful eye on UJ in the next couple of hours.
Looks like the J gov is back to their easy ways. So predictable. Do some more now and then let the USFR raise in Jan and ride the wave for the 1st 6 months of next year, hopefully (for the locals) without easing again for a while.

Sorry...back to the EUR.
  • #877
  • Oct 18, 2015 10:01pm Oct 18, 2015 10:01pm
Another opportunity soon? Will it be long or the short?
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  • #878
  • Edited Oct 19, 2015 12:12am Oct 18, 2015 11:40pm | Edited Oct 19, 2015 12:12am
Quoting Pipologist
{quote} I think we may have a bonafide move up here for the day, so I couldn't click quick enough to get back on and paid a premium. So I'm back in 10p higher than where I got taken out. I'll give it to the bottom of the pin, in which I will be net -9p on two trades instead of net +15 on one. Silly impulsive trading miss. However, my original signal and target was spot on, so there might still be hope for me today.
So I hedged the 2nd long and just released the short for +2p, am still net down for the cycle now because of the 2nd long, but getting 1mn and 5mn buy sigs now from 1.1360 again. Another run to 75 is in progress? No problem.

Expecting a run to 77-80 here this just like the first run up, which would put OR at 50 - 80
  • #879
  • Oct 19, 2015 12:23am Oct 19, 2015 12:23am
Quoting Pipologist
{quote} So I hedged the 2nd long and just released the short for +2p, am still net down for the cycle now because of the 2nd long, but getting 1mn and 5mn buy sigs now from 1.1360 again. Another run to 75 is in progress? No problem. Expecting a run to 77-80 here this just like the first run up, which would put OR at 50 - 80
Agree 350/5-380/5- opening range. Rest as usual.
GL
  • #880
  • Oct 19, 2015 12:24am Oct 19, 2015 12:24am
It's the first time since 1.38 that it stays for a prolonged period (1 week) over the 200 ema on the daily. Unless we could have another X candle to take it fast and easy below, I am more inclined to put longs there even for scalping. Waiting for dax open to get rid of my underwater shorts and then will track EU for the day. Waiting for another visit to 60 (1m gap) after LO to maybe put a long.
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