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

  • #1,381
  • Oct 28, 2015 7:42am Oct 28, 2015 7:42am
Quoting sakisf
{quote}Bought near the top (again!). Looking for 90, sl 55. {image}
Took tp at 84, +19. Also tp'd dax & sp at the current lows. Done till fomc unless it's a 5pip scalp.
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  • #1,382
  • Oct 28, 2015 7:44am Oct 28, 2015 7:44am
That is VERY nice info, thanks of interesting point of view. To me, hmmm, I'm not a fundamentalist, some make good decisions based on fundies but not on EU.
I remember parity parrots 5 months ago, all 'fundies' were pointing 1.0 or lower > US great economy, superb numbers, QE in EU, Greece in the ditch etc.
It came out it was all priced in! as BB are always few steps ahead and from that moment EU rallied 1200p from bottom...

Anyway if they go for hikes which is stupid they will cause intentional crysis. If not, well, nothing's gonna change.
If you want to trade EU using fundamentals, good luck. I'll stick to the chart only.

I honestly don't know what's gonna happen. Naked chart says it should retrace a bit and then fall like a rock.
1.11 was a BIG decision point on my chart, it was the mid of the whole range, respected many many times.
It has not been tested from the bottom so far which is odd - it should be - I'm waiting for that. BIG S/Rs are
tested after they get broken in MOST of the cases.

Some indies (RSI daily, MACD H4) have been pointing UP for two days - they lie when the trend is strong but it may be similar situation when we were crossing 1.14.
I was aiming at reversal around 1.146 and been fooled by 30p - tried to be too accurate before big move.

One more thing, if the S/R is not tested then BIG runaway gap is the option, it's rare but happens.
  • #1,383
  • Oct 28, 2015 7:46am Oct 28, 2015 7:46am
Quoting Pipologist
My craziest invention yet. I've never seen anything like it. Just took a scalp with it at 65.5 (at the lime thick mark below) about 10 minutes ago. UPDATE: Totally lucky timing on that move, but I looked at the 5mn after the move started and it seems it had it pegged from the 40s this morning... {image} {image}
Mate, now I'm really worried about you!
  • #1,384
  • Oct 28, 2015 7:51am Oct 28, 2015 7:51am
just be careful now swing from low 1.0994 to high on 26th is now swing low from 11024 to now 11085
  • #1,385
  • Oct 28, 2015 7:52am Oct 28, 2015 7:52am
Quoting KzX
{quote} Mate, now I'm really worried about you!
Me too, this looks like a scatter chart in excel... If I were him I would strip my chart of everything and trade like that
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  • #1,386
  • Oct 28, 2015 7:55am Oct 28, 2015 7:55am
Quoting KzX
{quote} Mate, now I'm really worried about you!
You may get your 1.11 now...everything is UP...

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  • #1,387
  • Edited 8:08am Oct 28, 2015 7:56am | Edited 8:08am
Quoting puney
just be careful now swing from low 1.0994 to high on 26th is now swing low from 11024 to now 11085
To me it's just 30-60 OR > 15p above bounce at 75 > 90 next level above OR. It also covers with your 85, 5p is not a biggie.
  • #1,388
  • Oct 28, 2015 7:56am Oct 28, 2015 7:56am
Just discovered this thread. Thnx for having it! May I ask how you construct your craziest invention yet, how you use it, what it's telling you? Thnx!
  • #1,389
  • Oct 28, 2015 7:58am Oct 28, 2015 7:58am
Quoting sakisf
{quote} Me too, this looks like a scatter chart in excel... {image}
that's exactly what I was thinking after I did it...funny thing is I can read scatter charts ACCURATELY...candles and lines....not...

I'm glad everyone thinks I'm nuts....that to me is a very good sign that I *might* be on to something that *might* work for me, was never one to follow crowds
  • #1,390
  • Oct 28, 2015 7:59am Oct 28, 2015 7:59am
Quoting Pipologist
{quote} that's exactly what I was thinking after I did it...funny thing is I can read scatter charts ACCURATELY...candles and lines....not... I'm glad everyone thinks I'm nuts....that to me is a very good sign that I *might* be on to something that *might* work for me, was never one to follow crowds


Do you use molanis or quantfx for your indis or write your code?

Let me know if 1090 gives you a sell, I plan one there with sl 96, tp 60.

Actually took it at 88, sl 98 for now. tp 60.
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  • #1,391
  • Oct 28, 2015 8:03am Oct 28, 2015 8:03am
Quoting Pipologist
{quote} You may get your 1.11 now...everything is UP... {image}
Yeye, I prefer my 90
  • #1,392
  • Oct 28, 2015 8:04am Oct 28, 2015 8:04am
Quoting ERedRick
Just discovered this thread. Thnx for having it! May I ask how you construct your craziest invention yet, how you use it, what it's telling you? Thnx!
Sorry I can't disclose how it's made, how I use it...still trying to figure it out...but it's like playing a visual video game (I'm not a gamer).

What it doesn't tell me is more important at the moment, it doesn't show individual high and low of each bar or candle...but it does show me recent trend and slope of direction and whether move is still up or down. Individual candles have come to the point of kicking me out of trades too soon and putting me in bad trades.
  • #1,393
  • Oct 28, 2015 8:05am Oct 28, 2015 8:05am
Quoting puney
just be careful now swing from low 1.0994 to high on 26th is now swing low from 11024 to now 11085
another swing high value is 11089 taken from 11003
  • #1,394
  • Oct 28, 2015 8:07am Oct 28, 2015 8:07am
Quoting sakisf
{quote} Actually took it at 88, sl 98 for now. tp 60. {image}
Closed at 77 +11.
  • #1,395
  • Oct 28, 2015 8:07am Oct 28, 2015 8:07am
Quoting puney
{quote} another swing high value is 11089 taken from 11003
Yeah, 1mn says close, but 5mn and others seem like they're just getting going?

Volatility is still in play here, swing from 88/90 is not a swing down yet, just a pull back. We would need a strong close below 75 to make it a swing down. Signs are still pointing up.
  • #1,396
  • Oct 28, 2015 8:12am Oct 28, 2015 8:12am
Quoting sakisf
{quote} Closed at 77 +11.
It was so hard to predict
  • #1,397
  • Oct 28, 2015 8:16am Oct 28, 2015 8:16am
Quoting KzX
{quote} It was so hard to predict
What's next? 05 or 70?
  • #1,398
  • Oct 28, 2015 8:20am Oct 28, 2015 8:20am
Quoting Pipologist
{quote} What's next? 05 or 70?
65-68 maybe
  • #1,399
  • Edited 8:37am Oct 28, 2015 8:26am | Edited 8:37am
Quoting KzX
{quote} 65-68 maybe
I entered another long at 76.8 just now. Less than 10p SL

was hoping you were going to say 05 since you are right 9 out of 10 times.

I got out at BE+1

Sold at 75.9
  • #1,400
  • Oct 28, 2015 8:34am Oct 28, 2015 8:34am
Quoting Pipologist
{quote} I entered another long at 76.8 just now. Less than 10p SL was hoping you were going to say 05 since you are right 9 out of 10 times.
I closed most at 76
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