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

  • #2,521
  • Dec 3, 2015 1:16am Dec 3, 2015 1:16am
Quoting sakisf
{quote} Which range/vbp indi is that? I like the opposing sides. Haven't traded EU for almost 1.5 weeks, feeling 'clean' now
see pm sent
  • #2,522
  • Dec 3, 2015 1:24am Dec 3, 2015 1:24am
long again from 86
sl at 80 6 p
tp at 615 29p

previous long got stopped out at -5p

As you can see from the profile image posted previously support was at 83, and it's bounced nicely off that... should have/could have waited for a limit fill at 85.

As of 8am price will need to break 94 for this move up to go now (the support moved up to 94, however it has now become a resistance at 94)...therefore, a close below 80 to me indicates it's headed for 65.
  • #2,523
  • Dec 3, 2015 2:09am Dec 3, 2015 2:09am
Quoting Pipologist
...therefore, a close below 80 to me indicates it's headed for 65.
move in progress

because of the environment today, 550 now seems likely after it breaches 565
  • #2,524
  • Dec 3, 2015 3:26am Dec 3, 2015 3:26am
Expect some buyers to step in at about 56 - 58 and try to trade it up to 70ish, but don't think the PA will hold. Buy algos will probably kick in at bids under 50 like they did yesterday.
  • #2,525
  • Dec 3, 2015 3:58am Dec 3, 2015 3:58am
Sorry to be away so long. Most of you are scalping, and I was swing trading over several hours, so I was not productive to most of your conversations. So, over the weekend I created a scalping system and tweaked it the last few days and now I might be able to add some value to your scalps. I am going to use it on the 5M chart in order to smooth it a bit and hopefully get enough pips to cover the spread. Let's see how it goes
You cannot be extraordinary by being normal
  • #2,526
  • Dec 3, 2015 3:59am Dec 3, 2015 3:59am
Had buy signal at 55
You cannot be extraordinary by being normal
  • #2,527
  • Dec 3, 2015 4:03am Dec 3, 2015 4:03am
Buying here at 62-63 with SL at 50
good RR

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  • #2,528
  • Dec 3, 2015 4:17am Dec 3, 2015 4:17am
Got some LT targets if Draghi pushes the Euro up before going for parity. Haven't been following it the past few days - this erratic action was scalper's heaven though. 1.09xx retrace could take place till the end of the year. Might start doing some long scalping by next week depending on nfp too. Remember a discussion we had with 356-Ghost in October and since everything he said came out true so far, I am expecting a cooked bad nfp to mess rate rise for December in order not to kill Xmas shopping spree.
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  • #2,529
  • Dec 3, 2015 4:26am Dec 3, 2015 4:26am
Quoting dkrock
Sorry to be away so long. Most of you are scalping, and I was swing trading over several hours, so I was not productive to most of your conversations. So, over the weekend I created a scalping system and tweaked it the last few days and now I might be able to add some value to your scalps. I am going to use it on the 5M chart in order to smooth it a bit and hopefully get enough pips to cover the spread. Let's see how it goes
nice see how it goes...
  • #2,530
  • Dec 3, 2015 4:32am Dec 3, 2015 4:32am
your broker must really hate you. head faked as soon as you entered. that's got to get annoying.
You cannot be extraordinary by being normal
  • #2,531
  • Dec 3, 2015 4:55am Dec 3, 2015 4:55am
Quoting dkrock
your broker must really hate you. head faked as soon as you entered. that's got to get annoying.
don't think I have enough influence to move the market in either direction...wish I did though, then I could just fade myself everytime

Only thing that matters is that my stop is far enough away to not get hit...yet still there to protect me.
  • #2,532
  • Dec 3, 2015 6:50am Dec 3, 2015 6:50am
the f**ckers at GS are high fiven themselves right now....no way to scalp that unless you're trading with no stop or with a 50p SL...HOWEVER as I said this morning...wouldn't be surprised...so I'm not...

A lot of scalpers, swing traders, position traders and EAs just took a huge hit with that volatility. The 15m candle chart is insane, watching it unfold live...that was nuts...
  • #2,533
  • Dec 3, 2015 7:11am Dec 3, 2015 7:11am
It would be interesting to know if anyone on this thread was GENIUS enough to have put a buy limit in a 1.05 or 1.0503 with a 15 p SL prior to this afternoon? If so....you are a freaking genius and all I can say is I wish I would have thought of that kind of brilliant move. I had half of the puzzle figured out this morning but just couldn't wrap myself around how to trade it.
  • #2,534
  • Dec 3, 2015 7:16am Dec 3, 2015 7:16am
Quoting Pipologist
From Barron's Blog... Ahead of the ECB meeting today, Goldman Sachs is expecting a good 3% fall...In the meantime, since this is a very public announcement by GS ahead of today, I wouldn't be surprised if they are buying EURUSD right now as much as possible at these current levels under 1.06 and that EUR spikes up 100+p before descending back again down pre fed decision. They gotta create volume and one well known way that institutions create volume is to make an announcement and then buy or sell into and against retail. Barron's and Bloomberg is...
I wonder what they are saying right now to their retail clients that sold after the open today at 1.0575 or higher....
  • #2,535
  • Dec 3, 2015 7:32am Dec 3, 2015 7:32am
http://www.ecb.europa.eu/press/tvser...151203.en.html
  • #2,536
  • Dec 3, 2015 7:38am Dec 3, 2015 7:38am
Quoting sakisf
Got some LT targets if Draghi pushes the Euro up before going for parity. Haven't been following it the past few days - this erratic action was scalper's heaven though. 1.09xx retrace could take place till the end of the year. Might start doing some long scalping by next week depending on nfp too. Remember a discussion we had with 356-Ghost in October and since everything he said came out true so far, I am expecting a cooked bad nfp to mess rate rise for December in order not to kill Xmas shopping spree. {image}

Almost there Was gonna be a good 250 scalp if I were to take it
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  • #2,537
  • Dec 3, 2015 7:51am Dec 3, 2015 7:51am
Quoting sakisf
{quote} Almost there Was gonna be a good 250 scalp if I were to take it {image}
no shit, most I imagined it could have gone in a move in one day/session was 1.0750 tops, just goes to show how many stops got triggered both ways...

mental note: if GS says something that's printed in the retail media, fade it by about 500p...the "chief currency analyst" "predicted" 1.03 TODAY....in one day...HA! it was 500p the other way (I seem to think that this is the second time recently that they did this...oh, it was during the Greek crisis...GS or another big investment bank was predicting a drop to 1.03 within a week...instead it turned up hard at around 1.08...what's 500p to someone that has an fx account with Goldman? eh...
  • #2,538
  • Dec 3, 2015 7:54am Dec 3, 2015 7:54am
Quoting Pipologist
{quote} no shit, most I imagined it could have gone in a move in one day/session was 1.0750 tops, just goes to show how many stops got triggered both ways... mental note: if GS says something that's printed in the retail media, fade it by about 500p...the "chief currency analyst" "predicted" 1.03 TODAY....in one day...HA! it was 500p the other way (I seem to think that this is the second time recently that they did this...oh, it was during the Greek crisis...GS or another big investment bank was predicting a drop to 1.03 within a week...instead...
Actually they were correct about it moving there, not just today though. Without nfp and fomc it won't break the floor. If it doesn't lose ground today, ie. close above 1.08 then it's gonna be a slow grind up to kill any short since last nfp. I am not daring any trade now even though I know where it goes
  • #2,539
  • Dec 3, 2015 8:06am Dec 3, 2015 8:06am
Quoting JCostaDelSol
http://www.ecb.europa.eu/press/tvser...151203.en.html
Draghi has the look of a cat that ate a mouse.

The ECB is a freakin scam. Within a year, they'll be charging .5 % to let them store your money. People are dumb enough to just silently accept it too? Don't think so, it's just a matter of time that people find ways or the market creates ways of putting their cash in liquid/digital NON EURO sources that don't cost as much.

The ECB is making a shitload of profits for themselves but killing the European economy by doing this. BOE is stupid to even consider going down this one way road. The ECB has opened up a pandora's box and dug themselves into a hole that they will not be able to get out of. What's the logic here? We'll pay you if you borrow money? Here's .25% if you borrow....GREAT let me borrow 10 billion EUROs secured with U.S. Treasury bills at today's cross rate. Can you see where this is going? Am I missing something?

Yellen is no dummy. Raising rates will be unpopular at first, but it beats charging people to save. Like I said, what a f**ckin scam. One thing about Americans, they'll accept abusively high banking fees for services and misuse, but they would never accept negative rates. They'd just put or create other places to store their cash.
  • #2,540
  • Dec 3, 2015 8:08am Dec 3, 2015 8:08am
Quoting sakisf
{quote} Actually they were correct about it moving there, not just today though. Without nfp and fomc it won't break the floor. If it doesn't lose ground today, ie. close above 1.08 then it's gonna be a slow grind up to kill any short since last nfp. I am not daring any trade now even though I know where it goes
funny thing is...it looks like it will go down to 1.0720 or lower now...TODAY
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