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Scalp, scalp, scalp

  • #4,201
  • Jan 11, 2016 8:13am Jan 11, 2016 8:13am
Quoting anwaarkhan
Please guide me if I am going out of track.... Cable: If I see H4 ,major trend is down trend and price retaced toady at 1.4603 today and now looks that down trend has resumed again,as It did not change the form of wave neither It broke the resistance 1.4647-92 area. Candlesticks.Last week's Long bearish engulfing candles with lowest wicks on both daily and weekly indicating the big fall of cable. So Now my question is that if I pictured it correctly so I want to keep hold shorts until 1.42 area. What is your opinion about that? thanks
There are more qualified longer term traders who could answer with more conviction than myself,what i would say is simply follow the failed rises in price whilst the lows need to be taken out ,if the price is going to make new lows it may be after the news on cable this coming week

this 1449x as tash has pointed out many times may well hold the key,personally i would expect to see another push for these highs at 146 ,hey thats why i predominantly scalp ,i can trade either way

i have 139 35 on 2 larger t/f cycles that have converged ,its possible

maybe sombody else can put there thoughts forward

all is welcome
  • #4,202
  • Jan 11, 2016 8:13am Jan 11, 2016 8:13am
so to day is not my day. though green in eur/usd.
don't predict direction, but dance with flow of water
  • #4,203
  • Jan 11, 2016 8:17am Jan 11, 2016 8:17am
Quoting tashkent
if holding, watch out for 1.4565
yep for me that has been a key level for deciding which way i trade,im sure that will be in play until news sets a tone
  • #4,204
  • Jan 11, 2016 8:28am Jan 11, 2016 8:28am
Quoting priceaction1
so to day is not my day. though green in eur/usd.
sterling was pushing on all fronts today across multiple pairs during london and early n/y,thats why i was trading the longs as it pushed into 146,it failed to hold and my only disappointment was not shorting from 92 ,i got itchy and lost my balls a little ,i guess protecting quite hard gains on the way up,but everything was screaming to short up there as tash and ann jumped on board.tomorrows another day
  • #4,205
  • Jan 11, 2016 8:59am Jan 11, 2016 8:59am
rinse and repeat. target reached. about 25 pips
Attached Image
As Above, So Below
  • #4,206
  • Jan 11, 2016 9:01am Jan 11, 2016 9:01am
Quoting diceman555
{quote} yep for me that has been a key level for deciding which way i trade,im sure that will be in play until news sets a tone
we are there again
As Above, So Below
  • #4,207
  • Jan 11, 2016 9:06am Jan 11, 2016 9:06am
Quoting tashkent
{quote} we are there again
shall I take profit or keep hold?
  • #4,208
  • Jan 11, 2016 9:10am Jan 11, 2016 9:10am
Quoting anwaarkhan
{quote} shall I take profit or keep hold?
hold for a few minutes. see how 65 will play out. if feel uncomfortable/nervous, get out.
i am looking for short opportunity.
As Above, So Below
  • #4,209
  • Jan 11, 2016 9:12am Jan 11, 2016 9:12am
Quoting tashkent
{quote} hold for a few minutes. see how 65 will play out. if feel uncomfortable/nervous, get out. i am looking for short opportunity.
I have sl @1.4585 area.

let see
  • #4,210
  • Jan 11, 2016 9:54am Jan 11, 2016 9:54am
Quoting tashkent
rinse and repeat. target reached. about 25 pips {image}
yep i took exactly to the pip the same long ,it was my 15 min sl,took 35 level back up to 65 ,its nice when it works
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  • #4,211
  • Jan 11, 2016 9:58am Jan 11, 2016 9:58am
Quoting diceman555
{quote} yep i took exactly to the pip the same long ,it was my 15 min sl,took 35 level back up to 65 ,its nice when it works {image}
excellent
As Above, So Below
  • #4,212
  • Jan 11, 2016 10:07am Jan 11, 2016 10:07am
oil
don't predict direction, but dance with flow of water
  • #4,213
  • Jan 11, 2016 10:35am Jan 11, 2016 10:35am
the steam has gone. i am flat gu.
As Above, So Below
  • #4,214
  • Jan 12, 2016 9:01am Jan 12, 2016 9:01am
GU long(again) @ 1.4371 stop @ be.
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don't predict direction, but dance with flow of water
  • #4,215
  • Jan 12, 2016 9:27am Jan 12, 2016 9:27am
close@ 1.4415 +43 pips.
don't predict direction, but dance with flow of water
  • #4,216
  • Jan 12, 2016 9:44am Jan 12, 2016 9:44am
Quoting priceaction1
close@ 1.4415 +43 pips.
nice counter trade ,shes still climbing ,possibly to 47 - 50 level.
  • #4,217
  • Jan 12, 2016 10:02am Jan 12, 2016 10:02am
Quoting diceman555
{quote} nice counter trade ,shes still climbing ,possibly to 47 - 50 level.
100% profit is enough for me!
don't predict direction, but dance with flow of water
  • #4,218
  • Jan 12, 2016 10:49am Jan 12, 2016 10:49am
Quoting diceman555
{quote} nice counter trade ,shes still climbing ,possibly to 47 - 50 level.
hope you are doing well, DM. this week is the cable week
As Above, So Below
  • #4,219
  • Jan 12, 2016 10:57am Jan 12, 2016 10:57am
Quoting tashkent
{quote} hope you are doing well, DM. this week is the cable week
yes indeed ,wonderful volatility .i think most should have made some today ,once the lows of yesterday collapsed after the news as we anticipated there were plenty of entry points.

hope all went well for you today ,priceaction has had a good one

  • #4,220
  • Jan 12, 2016 11:05am Jan 12, 2016 11:05am
Quoting diceman555
{quote} yes indeed ,wonderful volatility .i think most should have made some today ,once the lows of yesterday collapsed after the news as we anticipated there were plenty of entry points. hope all went well for you today ,priceaction has had a good one
overall not too bad for me. at least no losses. had one pain in the butt position, which i had to deal with all day long, now finally the problem resolved, probably took about 10-15 trades across the board and right now looking at eu and uc setting up qick sell scalp opportunity.
As Above, So Below
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