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

  • #1,121
  • Oct 22, 2015 4:12am Oct 22, 2015 4:12am
Today's setup

Sell: Eur/Usd

Open: 1.1343
Close: 1.1307

today trading is little bit rissky becuase of ECB meeting, but according to me ECB is not giving any bullish news.
Nothing is Perfect... Every Body is Right...
  • #1,122
  • Oct 22, 2015 4:17am Oct 22, 2015 4:17am
Quoting puney
{quote} DXY is usually symbol for US index.
Thanks. sorry.
  • #1,123
  • Oct 22, 2015 4:20am Oct 22, 2015 4:20am
Didn't close at +10, now it's punishing me
  • #1,124
  • Oct 22, 2015 4:20am Oct 22, 2015 4:20am
Quoting KzX
{quote} 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.
I know you're just being humble. But make no mistake about it. I've personally talked to thousands of traders over the years and seen most of their trading styles. You, Mr. KzX are one of the most brilliant technical traders I've ever come across who has formed a considerably effective trading style based on textbook TA. Hat's off to you.
  • #1,125
  • Oct 22, 2015 4:22am Oct 22, 2015 4:22am
Quoting sakisf
Didn't close at +10, now it's punishing me
You can still close at even if you feel like crap about it, otherwise you can hold on and punish them back for more, if you think the call is right.

Could be last chance to close at even, might be bracketing down or getting ready to. It's a tough call in your shoes right now. I'm holding opposite so easier said.

There is less resistance to the downside under 00 than there is upside above 20. Just my 2pips.

In addition to being short here. I have a buy limit at 1.1280 with a 15p TP/SL 1:1.
  • #1,126
  • Oct 22, 2015 4:27am Oct 22, 2015 4:27am
Quoting Pipologist
{quote} You can still close at even if you feel like crap about it, otherwise you can hold on and punish them back for more, if you think the call is right.
No, it's a good trade! (ego getting in the way hehe). Would accept defeat if they close 12.30 (3m from now) below my buy. I am currently support (good change from usually being on the other side of wicks ending).
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  • #1,127
  • Oct 22, 2015 4:38am Oct 22, 2015 4:38am
Quoting Pipologist
{quote} I know you're just being humble. But make no mistake about it. I've personally talked to thousands of traders over the years and seen most of their trading styles. You, Mr. KzX are one of the most brilliant technical traders I've ever come across who has formed a considerably effective trading style based on textbook TA. Hat's off to you.
Thank you Mr.
Patience is crucial to me, even when I scalp EU but honestly scalping EU is very difficult during last days. I managed to squeeze only one 'good' trade (others are just quickies). Good opportunities are really hard to spot lately. I'm glued to other pairs and mid term trades as they give MUCH better signals.
Currently loaded AUD on a few pairs some time ago.
  • #1,128
  • Oct 22, 2015 4:42am Oct 22, 2015 4:42am
Quoting Pipologist
{quote} You can still close at even if you feel like crap about it, otherwise you can hold on and punish them back for more, if you think the call is right. Could be last chance to close at even, might be bracketing down or getting ready to. It's a tough call in your shoes right now. I'm holding opposite so easier said. There is less resistance to the downside under 00 than there is upside above 20. Just my 2pips. In addition to being short here. I have a buy limit at 1.1280 with a 15p TP/SL 1:1.
Will put sl now at 4 (lowest pin) and tp at least half at 11 pips. NFP max was broken (that fib is nfp) and still not retested by 1-2 pips. That's odd for me. And then there are the multiple pins down. If bottom goes it should go quick.
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  • #1,129
  • Oct 22, 2015 4:43am Oct 22, 2015 4:43am
Quoting KzX
{quote} Thank you Mr. Patience is crucial to me, even when I scalp EU but honestly scalping EU is very difficult during last days. I managed to squeeze only one 'good' trade (others are just quickies). Good opportunities are really hard to spot lately. I'm glued to other pairs and mid term trades as they give MUCH better signals. Currently loaded AUD on a few pairs some time ago.
Hope this is just an end of year, and political anomaly with USFR and ECB, hopefully we didn't ruin it here for EU scalpers.
  • #1,130
  • Oct 22, 2015 4:44am Oct 22, 2015 4:44am
Quoting sakisf
{quote} Will put sl now at 4 (lowest pin) and tp at least half at 11 pips. NFP max was broken (that fib is nfp) and still not retested by 1-2 pips. That's odd for me. And then there are the multiple pins down. If bottom goes it should go quick. {image}
There is really nothing below 00 on the left for at least 20 pips.

Anyway signing off here for the night. Will be offline FF tomorrow. Good luck everyone.
  • #1,131
  • Oct 22, 2015 4:53am Oct 22, 2015 4:53am
Quoting Pipologist
{quote} There is really nothing below 00 on the left for at least 20 pips. Anyway signing off here for the night. Will be offline FF tomorrow. Good luck everyone.
G'night. I have some on the hourly a bit before (8 Oct), but what you say is maybe a sign for bulls to start waking up.
  • #1,132
  • Oct 22, 2015 5:02am Oct 22, 2015 5:02am
Don't trust it blindly, it just gives some signs.
Other tf's are still mixed.
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  • #1,133
  • Oct 22, 2015 5:17am Oct 22, 2015 5:17am
Quoting sakisf
{quote} No, it's a good trade! (ego getting in the way hehe). Would accept defeat if they close 12.30 (3m from now) below my buy. I am currently support (good change from usually being on the other side of wicks ending). {image}
that was good trade if you held on
  • #1,134
  • Oct 22, 2015 5:18am Oct 22, 2015 5:18am
Quoting puney
{quote} that was good trade if you held on
Closed 75% off at 1320. sl moved to be for the remaining, tp for remains to 1460 in the case of any surprise by ECB. Back to candy crush, more lives.
  • #1,135
  • Oct 22, 2015 7:28am Oct 22, 2015 7:28am
Quoting sakisf
{quote} Closed 75% off at 1320. sl moved to be for the remaining, tp for remains to 1460 in the case of any surprise by ECB. Back to candy crush, more lives.
Stopped at be pre-conference. Seems like they would try to take out all the longs first before next leg. Putting a buy stop at 1320, tp daily open. Removed it
  • #1,136
  • Oct 22, 2015 7:34am Oct 22, 2015 7:34am
Whoa yeah. Just nailed 65 pips on the way down. Lost 10 on the way with a buy stop in between. Now long at 38.

That just made up for yesterdays -50p day and added to this mornings pips and moving to BE+1 now. That happened so fast. Was going to place TP but it just flew right past my TP I was going to place.

Moving TP to 75

Closed at +13.5.

Now I can go to sleep.
  • #1,137
  • Oct 22, 2015 7:38am Oct 22, 2015 7:38am
Quoting Pipologist
Whoa yeah. Just nailed 65 pips on the way down. Lost 10 on the way with a buy stop in between. Now long at 38. That just made up for yesterdays -50p day and added to this mornings pips and moving to BE+1 now. That happened so fast. Was going to place TP but it just flew right past my TP I was going to place.
Cool.. i wasnt even looking at the charts.. i thought 5 more min to action.. lol
Dont trade like me..
  • #1,138
  • Oct 22, 2015 7:40am Oct 22, 2015 7:40am
the big fall was before draghi speaking, surprize
  • #1,139
  • Oct 22, 2015 7:44am Oct 22, 2015 7:44am
Quoting velit
the big fall was before draghi speaking, surprize
Thought for sure there would be orders at 80 so I placed a buy at 75. It just fell fast. I had placed a short at 1.1320 when it started bracketing down again. Thing is still going down.
  • #1,140
  • Oct 22, 2015 7:45am Oct 22, 2015 7:45am
1 minute charts now look like there's some bad data point.
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