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

  • #881
  • Edited 1:22am Oct 19, 2015 12:56am | Edited 1:22am
Short EU anyone?

Edit: Bugger just reversed. Lucky I did not get an entry. I can wait...
  • #882
  • Oct 19, 2015 12:57am Oct 19, 2015 12:57am
Quoting directxxx
Short EU anyone?
S @ 62.4 just a minute ago. Closed longs.

However, I am known to overtrade and get whipsawed early morning.

In terms of pure timing, that is by far, my worst scalp ever. Jump out of a good trade, to reverse, and got ran over less than 60 seconds later, the 1mn didn't even fill before it could realize what had hit me. Was on a relative roll this morning too.
  • #883
  • Oct 19, 2015 1:15am Oct 19, 2015 1:15am
Quoting Pipologist
{quote} S @ 62.4 just a minute ago. Closed longs. However, I am known to overtrade and get whipsawed early morning. In terms of pure timing, that is by far, my worst scalp ever. Jump out of a good trade, to reverse, and got ran over less than 60 seconds later, the 1mn didn't even fill before it could realize what had hit me. Was on a relative roll this morning too.
Aint Monday a bitch in the Asian session. London opening so we might see a short yet on the EU or it might do a runner up to 1.1430 or even 1.1470. Just because it's Monday.
  • #884
  • Oct 19, 2015 1:18am Oct 19, 2015 1:18am
Quoting directxxx
{quote} Aint Monday a bitch in the Asian session.
Asian session is really difficult to scalp consistently and by the time NY is rolling (my favorite session) it's nightie night for me (and those of us on the early side of UTC/GMT) and everytime I stay up late to trade through it all, I do well, but am physically and mentally thrashed the next morning. And the public thinks a trader's life is full of easy riches.
  • #885
  • Oct 19, 2015 1:28am Oct 19, 2015 1:28am
Quoting Pipologist
{quote} Asian session is really difficult to scalp consistently and by the time NY is rolling (my favorite session) it's nightie night for me (and those of us on the early side of UTC/GMT) and everytime I stay up late to trade through it all, I do well, but am physically and mentally thrashed the next morning. And the public thinks a trader's life is full of easy riches.
My sentiment entirely. I am even considering leaving Australia for Spain.
  • #886
  • Oct 19, 2015 1:34am Oct 19, 2015 1:34am
Quoting directxxx
Short EU anyone? Edit: Bugger just reversed. Lucky I did not get an entry. I can wait...
technically pretty much a down trend for eurusd and with a negative forecast for eur PMI and fears off negative eur minimum bid rate i think this is going down
Attached Image
  • #887
  • Oct 19, 2015 1:38am Oct 19, 2015 1:38am
Quoting MoEb
{quote} technically pretty much a down trend for eurusd and with a negative forecast for eur PMI and fears off negative eur minimum bid rate i think this is going down {image}
Defying gravity at the moment IMO. Only caveat is that it has never tested the high.
  • #888
  • Oct 19, 2015 2:39am Oct 19, 2015 2:39am
It was costly but went short again at 63 after dumping my previous trade, another short at 62.4 for a loss. Currently bid 42, so gonna just try to keep this one live for as long as possible and NOT scalp it, will hold it all week if it lets me.

Have a good Monday everyone.
  • #889
  • Oct 19, 2015 5:28am Oct 19, 2015 5:28am
Scalp L@310
  • #890
  • Oct 19, 2015 5:31am Oct 19, 2015 5:31am
Quoting KzX
Scalp L@310
good place for long scalp us index at mid daily fib and EURO at weekly fib.
  • #891
  • Oct 19, 2015 6:08am Oct 19, 2015 6:08am
Quoting puney
{quote} good place for long scalp us index at mid daily fib and EURO at weekly fib.
  • #892
  • Oct 19, 2015 6:21am Oct 19, 2015 6:21am
Hello traders,

nice thread. I see here you talk also about scalping....trying to catch a falling knife...

What do you think about 1.12984 ???
  • #893
  • Oct 19, 2015 6:37am Oct 19, 2015 6:37am
Quoting SuperMario21
Hello traders, nice thread. I see here you talk also about scalping....trying to catch a falling knife... What do you think about 1.12984 ???
Not catching a falling knife, no sentiment, trading both sides

Intraday levels 275-290-320-350-380. If you wanna scalp hard, add mids.

Dollar needs to break 94.95-95.00 for EU to go lower. When/If it does, it won't stop at 298.
  • #894
  • Oct 19, 2015 6:40am Oct 19, 2015 6:40am
Quoting SuperMario21
Hello traders, nice thread. I see here you talk also about scalping....trying to catch a falling knife... What do you think about 1.12984 ???
Sorry, 1.12999 seems better now....

Quoting KzX
{quote} Not catching a falling knife, no sentiment, trading both sides Intraday levels 275-290-320-350-380. If you wanna scalp hard, add mids. Dollar needs to break 94.95-95.00 for EU to go lower. When/If it does, it won't stop at 298.
Thanks. The idea is not just scalp. The entry point should be good for scalping of course....but I think that after today, we will not come back at 1.12 if we don't get 1.18 before....
  • #895
  • Oct 19, 2015 6:48am Oct 19, 2015 6:48am
Quoting SuperMario21
{quote} Sorry, 1.12999 seems better now....
I don't have it on my chart. 305 was my instant long pullback target, aligning with dollar R and massive overS on lower TF's. They hit 308, went it at 310.
  • #896
  • Oct 19, 2015 7:58am Oct 19, 2015 7:58am
Quoting SuperMario21
{quote} Sorry, 1.12999 seems better now.... {quote} Thanks. The idea is not just scalp. The entry point should be good for scalping of course....but I think that after today, we will not come back at 1.12 if we don't get 1.18 before....
New high = new target

Let's try 1.12994...
  • #897
  • Edited 8:48am Oct 19, 2015 8:35am | Edited 8:48am
Took another short at 39.3

I moved to BE quickly and they hit it quick so back in short again at 34.5 with SL at -1p now.

I overlaid RSI over a custom indie I've been working on all last week and today, and am starting to get the feel of where it turns. I've never liked RSI in over 20 years but starting to like it now.

First entry near the top of a swing for me in a long time. Maybe, just maybe I can pick more of them in the future.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 88 KB
  • #898
  • Oct 19, 2015 8:57am Oct 19, 2015 8:57am
Quoting Pipologist
Took another short at 39.3 I moved to BE quickly and they hit it quick so back in short again at 34.5 with SL at -1p now. I overlaid RSI over a custom indie I've been working on all last week and today, and am starting to get the feel of where it turns. I've never liked RSI in over 20 years but starting to like it now. First entry near the top of a swing for me in a long time. Maybe, just maybe I can pick more of them in the future. {image}
That indi looks crazy, hehe. RSI is my fav indi, it's simple but not that easy to interpret.
  • #899
  • Oct 19, 2015 9:07am Oct 19, 2015 9:07am
Quoting KzX
{quote} That indi looks crazy, hehe. RSI is my fav indi, it's simple but not that easy to interpret.
So many false sigs all by itself, even together with stoch.

I'm long now at 23.3, may be a little premature on it, so close stop at bottom of prev bars at 16.5

This indie on 2 charts really slows down my terminal

I moved to BE again and they hit me quick again. Back long at 24.8

was premature....got me for 10 so gave back previous 10...
  • #900
  • Oct 19, 2015 9:12am Oct 19, 2015 9:12am
Prey for double top instead of a flag on dollar then

MT4 is heavy, still don't understand why it's used by the most.
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