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

  • #1,101
  • Oct 22, 2015 2:52am Oct 22, 2015 2:52am
Quoting Pipologist
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.
As they say keeping my fingers crossed here. This 30 and 60 bar could be an exhaustion bar. IF it is and we cross back up 46...60 is a no brainer. Possibly even 1.14 TODAY. I know it's a big IF right now, but long at 15.2 is still holding. If this is OR is 10 - 40 and this prints as the lower end (another if)...A move to 45 is also a no brainer. Setting my target at 75 just in case.
  • #1,102
  • Oct 22, 2015 3:03am Oct 22, 2015 3:03am
KzX has got to be long here at 10 with BE locked and loaded.
  • #1,103
  • Oct 22, 2015 3:04am Oct 22, 2015 3:04am
I am having this since the red circle. About to dump if it doesn't show willingness to go back to daily open. Struggling with the ribbon still. sl is 06, tp is 38. Also an sp long to dig me out of the hole if eu fu again.
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  • #1,104
  • Oct 22, 2015 3:06am Oct 22, 2015 3:06am
Quoting sakisf
I am having this since the red circle. About to dump if it doesn't show willingness to go back to daily open. Struggling with the ribbon still. sl is 06, tp is 38. {image}

Open a 30 min candle and monitor it with the 1mn for this. The next 30 min is important for this move and whether you dump or keep.

Better yet add a 15mn as well to this one. It's tricky right now.
  • #1,105
  • Oct 22, 2015 3:07am Oct 22, 2015 3:07am
Quoting Pipologist
{quote} Open a 30 min candle and monitor it with the 1mn for this. The next 30 min is important for this move and whether you dump or keep.
Yeah watching them both. sl is too close to intervene in the lower side (ie cut it earlier) but tp could be just 7 for 1:1 if it keeps dropping back quickly. EG could give some support now.
  • #1,106
  • Oct 22, 2015 3:08am Oct 22, 2015 3:08am
I entered 3 times, exited after 5-7p. On m5 swing started at 40-42.
  • #1,107
  • Oct 22, 2015 3:11am Oct 22, 2015 3:11am
Quoting KzX
I entered 3 times, exited after 5-7p. On m5 swing started at 40-42.
So you're the one trading the bounces. I hate trading opposite your positions.

If my long here fails before 07 and 09 without going up, I'm out of this one. If it breaks 12, it may have life.
  • #1,108
  • Oct 22, 2015 3:11am Oct 22, 2015 3:11am
Quoting sakisf
{quote} Yeah watching them both. sl is too close to intervene in the lower side (ie cut it earlier) but tp could be just 7 for 1:1 if it keeps dropping back quickly. EG could give some support now.
sl hit and reenter 1306 with sl 1296. If that hits again then will wait for shorts later.
  • #1,109
  • Oct 22, 2015 3:15am Oct 22, 2015 3:15am
Quoting sakisf
{quote} sl hit and reenter 1306 with sl 1296. If that hits again then will wait for shorts later.
I had my stop at just under 00, thinking if they run that I reverse there.

If KzX is short bouncing at 10, we are f**ked on this trade.
  • #1,110
  • Oct 22, 2015 3:15am Oct 22, 2015 3:15am
Quoting Pipologist
{quote} So you're the one trading the bounces. I hate trading opposite your positions.
If you're stupid enough like me, to counter trade during strong trend then don't be greedy.
I'm leaving a counter trade for a longer run only when I see a signal on more than one TF.
Psst, entered 304 for bounce again.

[Edit] I was going long.
  • #1,111
  • Oct 22, 2015 3:20am Oct 22, 2015 3:20am
That's good. Sakisf loaded again at 06, you are in at 04 and I'm holding from 15. Still underwater but treading.

We need to start bracketing up here though, another close below 05 is not good for this trade.
  • #1,112
  • Oct 22, 2015 3:25am Oct 22, 2015 3:25am
Closed half 312, rest BE
  • #1,113
  • Oct 22, 2015 3:25am Oct 22, 2015 3:25am
I am targeting anywhere there. This is 2x regular position so need it to be quick and painless If it runs to cover the (temporary formed) pin on the 30m in the next one in 5 min then perhaps it's just bound to drop more. Got a dxy short going too. sp stopped at -2 points. Finger on the close button
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  • #1,114
  • Oct 22, 2015 3:34am Oct 22, 2015 3:34am
I didn't like the way the one mn was feeling so I took a loss at 08.9 for minus 6.4p

I should have just got out, when I'm unsure or not feeling good about it, but instead, I reversed at 08.9 short. Let the overtrading begin. It was a bad exchange, now I'm stuck with trading at the mercy of the 1mn SR lines to try to minimize damage on 2 trades.
  • #1,115
  • Oct 22, 2015 3:37am Oct 22, 2015 3:37am
Quoting Pipologist
I didn't like the way the one mn was feeling so I took a loss at 08.9 for minus 6.4p I should have just got out, when I'm unsure or not feeling good about it, but instead, I reversed at 08.9 short. Let the overtrading begin. It was a bad exchange, now I'm stuck with trading at the mercy of the 1mn SR lines to try to minimize damage on 2 trades.
I am giving it a few more minutes. Almost filled the pin but lacking strength. Would stop it at 100% of it. I think bear is wasting power here until draghi. Just take it to daily open to please me and then go short the heck out of it.
  • #1,116
  • Oct 22, 2015 3:54am Oct 22, 2015 3:54am
Last chance for it to bracket up out of this 10-15 congestion area. If it fails and heads for 00, 1.1280 is the next pit stop. There's nothing there till 1.1280

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  • #1,117
  • Oct 22, 2015 4:04am Oct 22, 2015 4:04am
DXY hit daily resistance level. We are at crucial point. If this DXY resistance holds then EUR is heading up.
  • #1,118
  • Oct 22, 2015 4:05am Oct 22, 2015 4:05am
Yeah, will close soon. Bulls are non-existant and bears are just wasting their time for 10 pips. Will trade EU after draghass. Missed a good short GU there.
  • #1,119
  • Oct 22, 2015 4:08am Oct 22, 2015 4:08am
Quoting puney
DXY hit daily resistance level. We are at crucial point. If this DXY resistance holds then EUR is heading up.
To me that's a rising flag on dax, those 3 5mn bars straight up this morning and more accumulation after that, there was no PB.
  • #1,120
  • Oct 22, 2015 4:11am Oct 22, 2015 4:11am
Quoting Pipologist
{quote} To me that's a rising flag on dax, those 3 5mn bars straight up this morning and more accumulation after that, there was no PB.
DXY is usually symbol for US index.
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