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

  • #2,021
  • Nov 13, 2015 5:11am Nov 13, 2015 5:11am
Quoting sakisf
{quote} Sold one more at 73, sl 83 this time in case it wants to complete full swing 52-82. {image}
sl hit. Not shorting yet another.
  • #2,022
  • Nov 13, 2015 5:19am Nov 13, 2015 5:19am
Quoting KzX
{quote} I'm holding one short from above 800. I entered L@755 but closed it at 64. Flat with scalps on EU atm. I'll consider a L when/if they hit 735-740. Right now they are at 50% of yesterday's that's why it stopped.
you see its coming hard up now after test 750
  • #2,023
  • Nov 13, 2015 5:30am Nov 13, 2015 5:30am
Quoting Pipologist
{quote} IF hourly confirms 45 min from now, we have a huge morning star on the hourly .... potentially bullish at least until prior to news.
last 2 hourly candles still very bullish until candle converts to bearish...as is 30m

still holding long but near exit possibly

going to get a buy sig on the hourly which will consolidate all the other buys from 1mn to 60m, I may exit then, or keep depending on PA, it will either reverse there, or shoot straight up some more...

first mental impression is either a double top at 825 or a run up past 850, not sure how much more sell volume is available at 1.08 right now
  • #2,024
  • Nov 13, 2015 5:33am Nov 13, 2015 5:33am
Quoting velit
{quote} you see its coming hard up now after test 750
My short has been closed at 767 and reversed so I'm doing fine
  • #2,025
  • Nov 13, 2015 5:33am Nov 13, 2015 5:33am
breakout levels to watch, only upside
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Forex, awful to watch, AWESOME to play
  • #2,026
  • Nov 13, 2015 5:34am Nov 13, 2015 5:34am
Quoting sakisf
{quote} sl hit. Not shorting yet another.
This is what I meant when candles are getting big and trend is speeding up, don't counter trade after first swing.
Will send you something shortly.
  • #2,027
  • Nov 13, 2015 5:44am Nov 13, 2015 5:44am
Take monthly chart, EURJPY, draw the main lines on it, eg 120.00. 125.00. 130.00 etc etc

Look what November does every tine. This influences EurUsd
Forex, awful to watch, AWESOME to play
  • #2,028
  • Nov 13, 2015 5:44am Nov 13, 2015 5:44am
750-780 (no stop here), next one is around 810.
  • #2,029
  • Nov 13, 2015 5:46am Nov 13, 2015 5:46am
Quoting sakisf
Technical question. Is it possible to open same mt4 instance 3 times or you have to make 3 folders? If yes what do I need to change? Need 3 to tile vertically (like Pipo above) each of the 3 instrument I trade with their tf's (30m/30s/5s).

If you have a big enough monitor, you can simply tile charts horizontal or vertical and see them all at once. In mt4, Window / Tile (H or V).

If you have multiple monitors but want to only run one mt4, then I recommend using this:

http://www.floatingcharts.com/

Also, you might consider using a trading EA so you can have all your pairs in one central location to manage, rather than hunting for them on mt4. I use Forex Speed Up because it is easy. Free too.

http://external.informer.com/fx-metropolis.com/
You cannot be extraordinary by being normal
  • #2,030
  • Nov 13, 2015 5:46am Nov 13, 2015 5:46am
Closed at 1.08 even. Got a sell sig on the 5mn, all other TFs are still in buy sig mode, but I'll take a safe and early EXIT of 40+

I'm done for the night and week.

Have a nice weekend everyone.
  • #2,031
  • Nov 13, 2015 5:51am Nov 13, 2015 5:51am
Quoting Pipologist
Closed at 1.08 even. Got a sell sig on the 5mn, all other TFs are still in buy sig mode, but I'll take a safe and early EXIT of 40+ I'm done for the night and week. Have a nice weekend everyone.
Swing trade shows hold, but I would move catastrophic stop to 1.07766
You cannot be extraordinary by being normal
  • #2,032
  • Nov 13, 2015 5:52am Nov 13, 2015 5:52am
Quoting KzX
750-780 (no stop here), next one is around 810.
did anyone notice the gap at 812-809. Its visible on both 5 min and tick chart.
  • #2,033
  • Nov 13, 2015 5:56am Nov 13, 2015 5:56am
Quoting dkrock
{quote} If you have a big enough monitor, you can simply tile charts horizontal or vertical and see them all at once. In mt4, Window / Tile (H or V). If you have multiple monitors but want to only run one mt4, then I recommend using this: http://www.floatingcharts.com/ Also, you might consider using a trading EA so you can have all your pairs in one central location to manage, rather than hunting for them on mt4. I use Forex Speed Up because it is easy. Free too. http://external.informer.com/fx-metropolis.com/
tyvm

I use an EA already (some trade management from hopwood's forum). Might consider adding a monitor in the future if the wife agrees, though she doesn't like me spending time in fx.

Quoting puney
{quote} did anyone notice the gap at 812-809. Its visible on both 5 min and tick chart.
You mean earlier in the morning? Because now price didn't touch 12.
  • #2,034
  • Nov 13, 2015 5:59am Nov 13, 2015 5:59am
Quoting sakisf
{quote} tyvm I use an EA already (some trade management from hopwood's forum). Might consider adding a monitor in the future if the wife agrees, though she doesn't like me spending time in fx. {quote} You mean earlier in the morning? Because now price didn't touch 12.
look at 00:00GMT . This kind of gap around 809 confirms pressure to sell off.
  • #2,035
  • Nov 13, 2015 6:01am Nov 13, 2015 6:01am
Quoting puney
{quote} look at 00:00GMT
Don't have it.

Still waiting for that. No serious retrace over nfp yet.
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  • #2,036
  • Nov 13, 2015 6:07am Nov 13, 2015 6:07am
I'm really done for the day this time. No more trades today!!!

But I can still look at charts right?

Hourly gave a buy sig at top of hour, but it has the prior hour's huge wick it needs to fight and climb up against.
5mn is in definite short mode atm and 15mn may follow in within a half hour.
IF I were still trading and wanted to risk a bit going into the news, and if the 15mn and 5mn and 1mn lined up, I might put in a short with a tight stop.
I figure 5 and 15 and 1mn in sync with some pressure down would create an opposite evening star or dark cloud cover on the hourly for a wicked reverse back down.
It's all theoretical only.
  • #2,037
  • Nov 13, 2015 6:07am Nov 13, 2015 6:07am
Quoting dkrock
{quote} If you have a big enough monitor, you can simply tile charts horizontal or vertical and see them all at once. In mt4, Window / Tile (H or V). If you have multiple monitors but want to only run one mt4, then I recommend using this: http://www.floatingcharts.com/ Also, you might consider using a trading EA so you can have all your pairs in one central location to manage, rather than hunting for them on mt4. I use Forex Speed Up because it is easy. Free too. http://external.informer.com/fx-metropolis.com/
For mid term trades, naked charts are spot on:
My broker H1 example setup:

and

TradingView H4 (USD pairs embedded in one site) example:
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  • #2,038
  • Nov 13, 2015 6:16am Nov 13, 2015 6:16am
It's on the verge of a sell off...so tempting.....
  • #2,039
  • Nov 13, 2015 6:17am Nov 13, 2015 6:17am
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  • #2,040
  • Nov 13, 2015 6:18am Nov 13, 2015 6:18am
Consolidation signal about to alert. Have to go to dentist soon, so closing so don't have to wait for it to end. Good Luck with news. Won't be online for it. 49 pips before the sun come up. Good enough
You cannot be extraordinary by being normal
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