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

  • #2,101
  • Nov 16, 2015 1:45am Nov 16, 2015 1:45am
Quoting Pipologist
{quote} interesting 40/20 39 just happens to be the daily open
17 is s1, was rejected there twice now - I discount last night because it was affected by news. Gap is still open at 70 and pivot is at 67, so if no break of s1 again (17) we could head there. 67 could be a 37-67 mini swing if we play 17-47 then 30% pullback or part of a higher 52-82 swing. I am trying to avoid trading so I don't get caught in the chop, only small dax scalps for now. Watching for 17-47-52 in the meantime to take sides.
  • #2,102
  • Edited 2:04am Nov 16, 2015 1:48am | Edited 2:04am
I'm long again at 24.5, we are sitting right between the DH and DL. It's a gamble, risking less than 10p.

In hindsight, it might not have been a gamble, we're swinging up from a swing low. At the daily mid there are only 2 ways it can play out a true 50/50. Not like buying a higher high or buying a dip, momentum had already waned. News had cleared. It could only go one of two ways with minor volaility. Those kind of 50/50 odds are actually not bad. If it had not worked would have only risked to the open of the 30 min bar. Stop moved to BE.

Got stopped out at BE, looks like it may go without me, but conceptually I'm happy with the trade. A BE is money in my pocket from spread rebates, I don't pay commission and my spreads average from .3 to 1.9 on any given trade. Moved my stop too tight too soon, but really didn't want to risk even a pip once it cleared on this one.
  • #2,103
  • Nov 16, 2015 2:16am Nov 16, 2015 2:16am
Quoting KzX
OR 15-45 probably
And the pic.
My view of OR with usual fakeout.
Attached Image
  • #2,104
  • Edited 2:38am Nov 16, 2015 2:24am | Edited 2:38am
Long at 18.8 at the "rejection zone" risk is less than 10p.

Target is 46 on this one, if it reaches and I'm around to see the PA near this level, may take it off and let it run.

stop moved to 16, only risking literally a few pips on this one now.
  • #2,105
  • Nov 16, 2015 2:45am Nov 16, 2015 2:45am
Does anyone trade or arb GOLD/EURO vs GOLD/USD on this thread?
  • #2,106
  • Nov 16, 2015 2:46am Nov 16, 2015 2:46am
Quoting Pipologist
Long at 18.8 at the "rejection zone" risk is less than 10p. Target is 46 on this one, if it reaches and I'm around to see the PA near this level, may take it off and let it run. stop moved to 16, only risking literally a few pips on this one now.


[Edit]
It's M5 chart and divergence, so don't look at it like at long term run. If you haven't entered at the bottom then careful, V is dropping with this push.
Attached Image
  • #2,107
  • Nov 16, 2015 2:52am Nov 16, 2015 2:52am
Quoting Pipologist
Does anyone trade or arb GOLD/EURO vs GOLD/USD on this thread?
Looks good for a long after some time (30m).
Attached Image (click to enlarge)
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  • #2,108
  • Nov 16, 2015 2:52am Nov 16, 2015 2:52am
Quoting Pipologist
Long at 18.8 at the "rejection zone" risk is less than 10p. Target is 46 on this one, if it reaches and I'm around to see the PA near this level, may take it off and let it run. stop moved to 16, only risking literally a few pips on this one now.
Out at 21.5

PA was getting a little too strange for me again at the midpoint of DH DL.

May have bailed out early, but ok with it.
  • #2,109
  • Nov 16, 2015 3:34am Nov 16, 2015 3:34am
Long with 4.5p sl just below midrange (28.5). tp is 60-70.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
  • #2,110
  • Nov 16, 2015 4:27am Nov 16, 2015 4:27am
Quoting sakisf
Long with 4.5p sl just below midrange (28.5). tp is 60-70. {image}
sl hit. That's why I don't like EU today, 45 minutes for ~5 pips.
  • #2,111
  • Nov 16, 2015 4:35am Nov 16, 2015 4:35am
Quoting sakisf
{quote} sl hit. That's why I don't like EU today, 45 minutes for ~5 pips.
Next time don't fk with OR
  • #2,112
  • Nov 16, 2015 4:36am Nov 16, 2015 4:36am
Quoting KzX
{quote} Next time don't fk with OR
But I was in mid-OR Actually I am angry not about hitting the sl - it was too close - but about the time it took it to go for it. Maybe I forgot to exit at 45, didn't even notice it went up there, busy looking for a futures broker to play around
  • #2,113
  • Nov 16, 2015 5:19am Nov 16, 2015 5:19am
Long again at 27.5
sl at 22 16

price is not getting slammed at levels i thought they would be getting hammered at, which could indicate latent euro buying
  • #2,114
  • Nov 16, 2015 5:23am Nov 16, 2015 5:23am
the probability of hitting that surging gap was always high
Attached Image (click to enlarge)
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  • #2,115
  • Nov 16, 2015 5:28am Nov 16, 2015 5:28am
placed buy on eurusd 1.0737 for US open
Forex, awful to watch, AWESOME to play
  • #2,116
  • Nov 16, 2015 5:36am Nov 16, 2015 5:36am
Quoting Feo
placed buy on eurusd 1.0737 for US open

Target is 1.0818
Forex, awful to watch, AWESOME to play
  • #2,117
  • Nov 16, 2015 5:41am Nov 16, 2015 5:41am
Quoting Feo
placed buy on eurusd 1.0737 for US open
your fx broker does not offer futures CFDs? or you want to trade exotics or futures options or spreads?
  • #2,118
  • Nov 16, 2015 5:44am Nov 16, 2015 5:44am
Quoting Pipologist
{quote} your fx broker does not offer futures CFDs? or you want to trade exotics or futures options or spreads?
Yes, I do want to get into Option, and Future contracsts.

However, I'm not just yet comfortable with my strategy. Once I get to about an 85% success rate, then I'll give it a try
Forex, awful to watch, AWESOME to play
  • #2,119
  • Nov 16, 2015 6:02am Nov 16, 2015 6:02am
Quoting Feo
{quote} Target is 1.0818
Adding long at 734
Forex, awful to watch, AWESOME to play
  • #2,120
  • Nov 16, 2015 6:25am Nov 16, 2015 6:25am
Quoting Pipologist
{quote} your fx broker does not offer futures CFDs? or you want to trade exotics or futures options or spreads?
Just want to give them a test. I got cfd's but since about 2-3 weeks now my broker increased spread in dax & dj from 0.5-1.5 & 1-2 to 1-2.5 & 2-4 respectively and it is getting too expensive. My trading is now mostly dax & dj, about 50-70 trades a day - not sure if my scalping activity is connected to the spread increase. Was thinking about opening an account at amp futures (get sierra l3 for free too) and try scalping there with less costs. Overnight margin is not a problem as I never trade more than 10-20 mins on them, not sticking to positions nor opening averaging ones.
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