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

  • #2,441
  • Nov 26, 2015 2:47am Nov 26, 2015 2:47am
Quoting Pipologist
{quote} On the Daily, it does not seem irrational, however I would say 1.0820 to 1.0850 with an over extension your area is perfect. Here is the longer one month...one year or more scenario I see... 1. December. Fed says "no rate hikes yet, however early next year is probable", Prediction: Jan/Feb, small hike, 0.10 (don't know if there is a minimum, but .25 would be too much for Yellen who is very conservative and .05 is like a token) 2. Anyway... market in December says WTF and EURUSD climbs up a couple hundred pips. Then late January or Mid Feb,...
Techinically, the only downside of the expected correction up is that we've been above 1.06 already and got 150p retrace up, to 760 - decent. At that point I thought we're gonna go another 150p up but EU got flushed as usual. We need a proper signal on higher tf for a bigger correction - I can't see any so far, indecision only, one big H4.
  • #2,442
  • Nov 26, 2015 2:49am Nov 26, 2015 2:49am
Quoting Feo
Mornng all Selling Eur at 603 at 25 min pat the hour
Closing order at 52min after the hr
Forex, awful to watch, AWESOME to play
  • #2,443
  • Nov 26, 2015 2:52am Nov 26, 2015 2:52am
Quoting Feo
{quote} Closing order at 52min after the hr
Closed at 607 1lot @-4 pips

Total @ - pips
Forex, awful to watch, AWESOME to play
  • #2,444
  • Nov 26, 2015 2:54am Nov 26, 2015 2:54am
OR 600-630
  • #2,445
  • Nov 26, 2015 4:01am Nov 26, 2015 4:01am
I know I said last post and trade but I got a juicy scalp here on this low liq day from 1.0611 even stop is at 7p up. Will move to BE within a bar or two...

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  • #2,446
  • Nov 26, 2015 4:49am Nov 26, 2015 4:49am
What a day!
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  • #2,447
  • Nov 26, 2015 4:51am Nov 26, 2015 4:51am
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  • #2,448
  • Nov 26, 2015 5:00am Nov 26, 2015 5:00am
Quoting seahorse
What a day! {image}
Looks like there's an Asian guy still working.... way in the back 2nd row last desk.
  • #2,449
  • Nov 26, 2015 5:04am Nov 26, 2015 5:04am
Quoting Pipologist
{quote} Looks like there's an Asian guy still working.... way in the back 2nd row last desk.
LOL
  • #2,450
  • Nov 26, 2015 5:07am Nov 26, 2015 5:07am
A small buy on EU just to kill the addiction
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  • #2,451
  • Nov 26, 2015 5:23am Nov 26, 2015 5:23am
Still holding short, did not move to BE since levels are/were still close to breakdown level.

My current breakout and breakdown levels for scalping at this minute are:

up level is 15.8 and breakdown level is 10.2

we just need to close on 1 and 5m below 10.2 to validate

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  • #2,452
  • Nov 26, 2015 7:13am Nov 26, 2015 7:13am
decided to start testing live a new scalping algo...
  • #2,453
  • Nov 26, 2015 7:41am Nov 26, 2015 7:41am
Quoting Pipologist
decided to start testing live a new scalping algo...
Backtested?
  • #2,454
  • Edited 8:34am Nov 26, 2015 8:21am | Edited 8:34am
Quoting KzX
{quote} Backtested?
no testing in low volume in live trading, not an EA yet, it's just numbers right now...Hs and Ls and mids and fib numbers just trying to see how the market reacts to the numbers and if there is any correlation. See if limits at upper mids and lower mids are tradable mechanically. with proper sls and tps.

Just went short at 16:19 at 18.2 with stop at 25.2 and tp at 14.6 numbers will move with the market....this one is obviously shitty RR so in the future will probably filter a trade like this one out....but today is shitty range so see how it goes anyway

the signals could be inverted, still to early to tell, don't want to get whipped, but the sell signal is getting higher, will let it stop out and take the inverted signal next time.
  • #2,455
  • Nov 26, 2015 8:37am Nov 26, 2015 8:37am
30m very bullish. Could go up 3 pips in the next hour

This week did very few trades in EU and all of them failed - perhaps because all them were longs Been concentrating on SP and trading smallish there - trying to stick with the system - as I opened an account at amp and will give a try to es mini scalping till Xmas. Still trying to decide on platform.
  • #2,456
  • Nov 26, 2015 9:05am Nov 26, 2015 9:05am
Quoting sakisf
30m very bullish. Could go up 3 pips in the next hour This week did very few trades in EU and all of them failed - perhaps because all them were longs Been concentrating on SP and trading smallish there - trying to stick with the system - as I opened an account at amp and will give a try to es mini scalping till Xmas. Still trying to decide on platform.
No shit, I did two trades on EU today ending up with stunning 22p!
Cable and GJ were defenitely better picks.
  • #2,457
  • Nov 26, 2015 9:26am Nov 26, 2015 9:26am
Quoting Pipologist
{quote} no testing in low volume in live trading, not an EA yet, it's just numbers right now...Hs and Ls and mids and fib numbers just trying to see how the market reacts to the numbers and if there is any correlation. See if limits at upper mids and lower mids are tradable mechanically. with proper sls and tps. Just went short at 16:19 at 18.2 with stop at 25.2 and tp at 14.6 numbers will move with the market....this one is obviously shitty RR so in the future will probably filter a trade like this one out....but today is shitty range so see how...
OK market touched 14.6 not enough to fill but, promising, I can code it to take the offer on bid being hit. It missed the upper stop by a few ticks.

gotta another buy at 15 with tp at 20.8 and sl at 08.8 see how it reacts...

20.8 got touched, ok, promising again, my next buy point on touch is currently 15.3 tp will be around 20.4 and sl at 09
  • #2,458
  • Edited 3:15am Nov 27, 2015 2:47am | Edited 3:15am
Long@609 after full swing from top

[Edit] Half hit (tp) @ 30% of the swing
Half s/o @ BE +1
  • #2,459
  • Nov 27, 2015 3:16am Nov 27, 2015 3:16am
Quoting KzX
Long@609 after full swing from top [Edit] Half hit (tp) @ 30% of the swing Half s/o @ BE +1
Interesting entry, ill wait for confirmation on 15m and i'll follow you, std deviation and rsi are flat, a small turn is needed to confirm a reversal swing. otherwise, ill wait for better entry.
  • #2,460
  • Nov 27, 2015 4:27am Nov 27, 2015 4:27am
Quoting KzX
Long@609 after full swing from top [Edit] Half hit (tp) @ 30% of the swing Half s/o @ BE +1
Was 0575 a god long for this swing (60 from top) or do you count from 0620 asthere has been a midle swing there?
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