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

  • #1,721
  • Nov 4, 2015 10:15pm Nov 4, 2015 10:15pm
Quoting KzX
Alternatvie bullish scenario {image}
That was 4H support.
  • #1,722
  • Nov 4, 2015 10:37pm Nov 4, 2015 10:37pm
Quoting KzX
{quote} That was 4H support.
what i meant was support on the 4H chart going back to mid may and mid july...
maybe we revisit today...

short from near the upper resistance...targeting 25 today...if not, BE+

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  • #1,723
  • Nov 4, 2015 10:47pm Nov 4, 2015 10:47pm
This graphic clearly shows that longs are trapped right now this morning. It's going to take quite a spike up and out to get out of this cage. These are non repainting dynamic intraday S/R lines...

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  • #1,724
  • Nov 4, 2015 11:04pm Nov 4, 2015 11:04pm
Today's open has suddenly become a nasty resistance line for longs (this can change anytime, but for me, it's good to be short right now)

Two possibilities here, 1. today is a day for a prelondon/london fake out, or 2. we still have not found bottom yet

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  • #1,725
  • Nov 4, 2015 11:37pm Nov 4, 2015 11:37pm
If it's going to be a fake out, it will make it's move up now, since we're 15 out of OR, but methinks that it may not have enough juice to fake this morning, too much oppression from above still...just in case moved my SL+ to inside OR low. Either way, one of my better early morning Asia to Frankie trades lately.

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  • #1,726
  • Nov 4, 2015 11:42pm Nov 4, 2015 11:42pm
Opened long 44 (if OR is 45-75). 60 or daily open is enough for tp, sl manual at around 35-40.

Watching UJ for clues. If it fails to break previous day high and collapses on the 30m, we are maybe up for a few.
  • #1,727
  • Nov 4, 2015 11:48pm Nov 4, 2015 11:48pm
Quoting sakisf
Opened long 44 (if OR is 45-75). 60 or daily open is enough for tp, sl manual at around 35-40. Watching UJ for clues. If it fails to break previous day high and collapses on the 30m, we are maybe up for a few.
I think actual OR from 00:00 to 08:00 is safer to use today, at least for me. Which means we've popped down through it and are now trading at the fake or shake zone. 15p out of OR. If it's going to fake, today's a good day to do it, but it needs to break above 52 soon otherwise it's more downward momentum...
  • #1,728
  • Nov 4, 2015 11:49pm Nov 4, 2015 11:49pm
Quoting Pipologist
{quote} I think actual OR from 00:00 to 08:00 is safer to use today, at least for me. Which means we've popped down through it and are now trading at the fake or shake zone.
75-55?
  • #1,729
  • Nov 4, 2015 11:52pm Nov 4, 2015 11:52pm
Quoting sakisf
{quote} 75-55?
KzX usually likes to round, but I noticed yesterday he calculated +/- 30 zones after OR based on acutal OR, it's the first time I've seen him do it here. I've always used actual numbers give or take a few for looking at possible entry/exit, which is really what he does I think since it's so hard to be pip perfect.

Either way if you use 45 to 75 now today, we are now at 39 so below OR, next stop is 30ish then maybe more. less...

I would say, don't try to pick the bottom here...we have nfp tomorrow so we could be trading into it...dollar movement has been strong across... if/when it sells off you'll know it.

Every time, I try to pick a bottom or top, I get bulldozed over, I'm learning to wait.
  • #1,730
  • Nov 4, 2015 11:56pm Nov 4, 2015 11:56pm
Quoting Pipologist
{quote} KzX usually likes to round, but I noticed yesterday he calculated +/- 30 zones after OR based on acutal OR, it's the first time I've seen him do it here. I've always used actual numbers give or take a few for looking at possible entry/exit, which is really what he does I think since it's so hard to be pip perfect. Either way if you use 45 to 75 now today, we are now at 39 so below OR, next stop is 30ish then maybe more. I would say, don't try to pick the bottom here...we have nfp tomorrow so we could be trading into it...dollar movement...
Yeah, went against my plan again, should stop taking trades on mobile Should have shorted any of the red circles. Now will give it some time to close at be for me or just kill it at 34. RIP at 36, -8.
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  • #1,731
  • Nov 5, 2015 12:00am Nov 5, 2015 12:00am
Quoting sakisf
{quote} Yeah, went against my plan again, should stop taking trades on mobile Should have shorted any of the red circles. Now will give it some time to close at be for me or just kill it at 34. RIP at 36, -8. {image}
good thing you let go quickly. I moved my TP from 25 to 15, although I think it could surprise many here and go into the 1.07s in which case all hell is gonna break loose.

if it doesn't get back to 50 and above this morning now, it's asta la vista
  • #1,732
  • Nov 5, 2015 12:03am Nov 5, 2015 12:03am
Quoting Pipologist
{quote} good thing you let go quickly. I moved my TP from 25 to 15, although I think it could surprise many here and go into the 1.07s in which case all hell is gonna break loose. if it doesn't get back to 50 and above this morning now, it's asta la vista
Replenished the loss +something at least. London open faking again.
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  • #1,733
  • Nov 5, 2015 12:09am Nov 5, 2015 12:09am
I'd say same levels as yesterday so OR 48-78, 15 below 33.
  • #1,734
  • Nov 5, 2015 12:10am Nov 5, 2015 12:10am
if OR was calculated at 45 then 30 could have been the fake. In any case, I've moved my SL to +20pips prof. Not a bad morning trade
  • #1,735
  • Nov 5, 2015 12:11am Nov 5, 2015 12:11am
Quoting Pipologist
{quote} good thing you let go quickly. I moved my TP from 25 to 15, although I think it could surprise many here and go into the 1.07s in which case all hell is gonna break loose. if it doesn't get back to 50 and above this morning now, it's asta la vista
Hope you got out. 1m will change sides above 58.
  • #1,736
  • Nov 5, 2015 12:12am Nov 5, 2015 12:12am
Quoting KzX
I'd say same levels as yesterday so OR 48-78, 15 below 33.
What's this? KzX not rounding to 5 or 0 with OR numbers? We need to issue a PR.
  • #1,737
  • Nov 5, 2015 12:13am Nov 5, 2015 12:13am
Quoting Pipologist
{quote} What's this? KzX not rounding to 5 or 0 with OR numbers? We need to issue a PR.
Heh. He's done it before on EU thread. It's easier to remember with rounding. +-3 does not make a diff unless you use 3 pip stop.
  • #1,738
  • Nov 5, 2015 12:13am Nov 5, 2015 12:13am
Quoting sakisf
{quote} Hope you got out. 1m will change sides above 58.
plus 20p. not bad but not great considering it was plus 38 at peak.
  • #1,739
  • Nov 5, 2015 12:15am Nov 5, 2015 12:15am
Quoting Pipologist
{quote} plus 20p. not bad but not great considering it was plus 38 at peak.
Oh well I could have been +15 if I was patient enough but then again if there was continuation I could have been -30. You should start taking partials when trading early Europe & London open. Too many fakes.
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  • #1,740
  • Nov 5, 2015 12:15am Nov 5, 2015 12:15am
Yeah but 48-78, 15 below 33 is almost to the pip...fake out was at 32/33...15 exactly....

It's almost like KzX wrote the freakin algo.

I didn't' have the balls to reverse out of a good trade at 35 although my support lines said maybe..that's why I'm not a real scalper yet...there's only one guy here who I've seen consistently pull that off. The guy who wrote the algo above.

Bugger. missed a GOOD one

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