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

  • #1,081
  • Oct 21, 2015 8:21pm Oct 21, 2015 8:21pm
1st morning trade went back to BE after making half a run up. Did not take half off, but did place another limit buy entry at a new lower support buy point.

Was triggered at 35.6 have moved to BE already with same TP target 54.6. Currently risk zero. Target 19p.
  • #1,082
  • Oct 21, 2015 8:44pm Oct 21, 2015 8:44pm
i attached euro/usd m15 chart and marked the times and price of open and close of last days. if u calculate there s 3 , 40 pips move in a direction that open and closes match ! i agree with pipologist , the general idea should be tested and study more but i'm pretty pretty sure it's happening again and again .
take this in mind , if u have a huge voloume of money in one instrument and ur a hedge fund in usa . what do you do when u see price is somewhere else than the close of session you trade in it ? u cover the gap right ? and try to continue where u left things right ? u know what i'm sayin ? ofcourse it doesn't apply to some huge moves like peg contract !! that's pretty obvious
last new york market close is near 1.1340 !! i'm very cofident that price would ends up there when next newyork session starts or price would immediatly & sharply go there after new york market opens today!
p.s: i know i'm repeating myself !! just trying to make a point
Attached Image (click to enlarge)
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  • #1,083
  • Edited 9:36pm Oct 21, 2015 9:26pm | Edited 9:36pm
Alright. Understood. Keep in mind that this thread is exclusively for ACTIVE scalping and day trading EURUSD and related pairs.

If you have any trades to discuss and share so that we all can learn what to do, and what not to do, and assess what's happening in the EURUSD today, please share.

Any trades you take that you can take with this concept and time stamp here to keep it honest, will be monitored by those that frequent here.

Otherwise, respectfully request that you perhaps start another thread devoted exclusively to this concept and if you have some live EUR trades on with it, please come back and share with us.
  • #1,084
  • Oct 21, 2015 9:33pm Oct 21, 2015 9:33pm
Trade #2 of the day still on, SL locked to BE+2. No hits yet and no losses either. 2 for 2 BE+ so far. Fully intend to get all my pips and more back from yesterday. No revenge trading. Just aggressive moves to BE, and limit orders at support or resistance areas to minimize counter-moves against my entries. Implementing what I assessed yesterday. Need to do some stuff around the house before weekend so posting will be intermittent.

Attached Image (click to enlarge)
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  • #1,085
  • Oct 21, 2015 11:00pm Oct 21, 2015 11:00pm
Quoting Pipologist
Trade #2 of the day still on, SL locked to BE+2. No hits yet and no losses either. 2 for 2 BE+ so far. Fully intend to get all my pips and more back from yesterday. No revenge trading. Just aggressive moves to BE, and limit orders at support or resistance areas to minimize counter-moves against my entries. Implementing what I assessed yesterday. Need to do some stuff around the house before weekend so posting will be intermittent. {image}
Alright, I've spread a couple more trades out for the rest of the morning/afternoon:

Current = long entry at 35.6 / TP at 54.6 / SL now at 39.6

Pending 1 = sell limit at 66.2 / TP at 48 / SL at 90.2

Pending 2 = buy limit at 29 / TP at 37 / SL at 20

For the pending scalps I probably wont be able to be in front of my computer and trail and move to BE quickly manually, so the stops are a bit further out compared to TP, so not optimal RR.

As always, have a good session today. Trade tight. Trade right.
  • #1,086
  • Oct 21, 2015 11:39pm Oct 21, 2015 11:39pm
i don't trade euro/dollar many often but we could wait for a break . in lower time frames i guess it's a good buy opportunity till the 1.1330 holds cause price is closer to bottom of pattern . very small stop & 25-30 pip tp
Attached Image (click to enlarge)
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  • #1,087
  • Edited 12:33am Oct 22, 2015 12:20am | Edited 12:33am
Quoting sakisf
{quote} buy 43, sl 36, tp open or just 7 pips. Great timing as usual Short ucad too, sl 7, tp 68 pips. {image} {image}
eu sl hit, cad taken profit +24. sl for cad was changed at midnight for spread, but initial was not taken out anyway at any time.

Now eu long 33, sl 22, tp 62.
Attached Image (click to enlarge)
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  • #1,088
  • Edited 1:19am Oct 22, 2015 1:04am | Edited 1:19am
Hmmm, OR 20-50?
Edit, OR not set yet. Wondering who's lying here EU or UJ
  • #1,089
  • Oct 22, 2015 1:41am Oct 22, 2015 1:41am
Nice theory Kumo. Some time ago I was also trying to find a window when the proper orders are loaded for LON/NY session. I saw some patterns, especially after NY close but then I dropped it once I realized it also depends on whether it's in a trend or consolidation phase. Maybe I will give it a try one more time when I have a free evening.
  • #1,090
  • Oct 22, 2015 1:56am Oct 22, 2015 1:56am
Quoting Pipologist
{quote} Pending 2 = buy limit at 29 / TP at 37 / SL at 20
Good news and not so good news so far...Previous trade was stopped at plus 4p.

Good news is that one of the pending orders was placed and it went EXACTLY as planned and stated earlier and above,

Not so good news is that I went out to the grocery store, and before I went out, took a market order to buy at 36.3 and cancelled the pending order above.

So instead of locked and done 8 pips, I'm in a trade now higher than as planned and would have been filled. Currently minus 3p bid. However, I've extended the TP outlook to 48, and SL is at 25.
  • #1,091
  • Oct 22, 2015 2:02am Oct 22, 2015 2:02am
Quoting KzX
Nice theory Kumo. Some time ago I was also trying to find a window when the proper orders are loaded for LON/NY session. I saw some patterns, especially after NY close but then I dropped it once I realized it also depends on whether it's in a trend or consolidation phase. Maybe I will give it a try one more time when I have a free evening.
you're absoloutly right .. when there's a strong trend is in action it's kinda dumb to think price would move to back close of last session if close is in opposite direction ! , btw open of london market just riched the close of last london session(eur/usd) !
  • #1,092
  • Oct 22, 2015 2:09am Oct 22, 2015 2:09am
Quoting KzX
Hmmm, OR 20-50? Edit, OR not set yet. Wondering who's lying here EU or UJ
I get the feeling KzX was in at 30 and out at 45 just after london opening.
  • #1,093
  • Oct 22, 2015 2:10am Oct 22, 2015 2:10am
The stinky bit is that usdx price correlates with EU level. Last time dollar was knocking at 95, EU was few pips above 1.13.
There's discrepancy atm that gives some hints.
  • #1,094
  • Oct 22, 2015 2:14am Oct 22, 2015 2:14am
Quoting KzX
The stinky bit is that usdx price correlates with EU level. Last time dollar was knocking at 95, EU was few pips above 1.13. There's discrepancy atm that gives some hints.
Not quite reading ya.

However, I discarded the misplaced long at BE, this move up lacked strong follow through after the 1mn PB, instead I faded it early at 36.4, I'll risk 10p on it...so far with 3 bunts today, 3 for 3. No base hits yet, but plus 5 so room to spec here.

Moved to BE as soon as I could, TP is not set at 16, there's nothing below 28 till 16 to support it.

That happened while I was typing .... holy crap.

Just bought at 19, risk 10p and target is now 33.
  • #1,095
  • Oct 22, 2015 2:15am Oct 22, 2015 2:15am
Quoting Pipologist
{quote} I get the feeling KzX was in at 30 and out at 45 just after london opening.
Haha, unfortunatelly not, no EU trade yet, I only closed yesterday's UJ short some time ago. I will wait for a 1 or 1.5 swing and then load something.
  • #1,096
  • Oct 22, 2015 2:18am Oct 22, 2015 2:18am
Quoting sakisf
{quote} eu sl hit, cad taken profit +24. sl for cad was changed at midnight for spread, but initial was not taken out anyway at any time. Now eu long 33, sl 22, tp 62. {image}
Should have taken profit at 45 or moved to be. sl taken now. Nice drop. Due to dax crap pumping again.
  • #1,097
  • Oct 22, 2015 2:28am Oct 22, 2015 2:28am
Quoting KzX
Hmmm, OR 20-50? Edit, OR not set yet. Wondering who's lying here EU or UJ
15-45?
  • #1,098
  • Oct 22, 2015 2:29am Oct 22, 2015 2:29am
I'm 4 for 5 this morning, last greedy counter move cost me 7.5p, up 18 so far on the morning, but still catching up for yesterday's sloppy trading.

Took another shot at a long here at 15.2 looking for either 7.5, 15 or 30 tp PB up with a tight stop. Hopefully they've adjusted for the quick drop by now and are not continuing the dump or dollar buy.
  • #1,099
  • Oct 22, 2015 2:31am Oct 22, 2015 2:31am
OR 10-40(CET open) probably
Attached Image (click to enlarge)
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  • #1,100
  • Oct 22, 2015 2:37am Oct 22, 2015 2:37am
Quoting KumoBreaker
i attached euro/usd m15 chart and marked the times and price of open and close of last days. if u calculate there s 3 , 40 pips move in a direction that open and closes match ! i agree with pipologist , the general idea should be tested and study more but i'm pretty pretty sure it's happening again and again . take this in mind , if u have a huge voloume of money in one instrument and ur a hedge fund in usa . what do you do when u see price is somewhere else than the close of session you trade in it ? u cover the gap right ? and try to continue...
This happens sometimes. Not always
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