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Scalp, scalp, scalp

  • #4,301
  • Jan 27, 2016 8:41am Jan 27, 2016 8:41am
I tried to go long at 18 with a very tight stop but got stopped. I should have known better really, price came in far too hard. (trigger happy)
ah well we live and learn...
nice trades DM.
  • #4,302
  • Jan 27, 2016 8:50am Jan 27, 2016 8:50am
Quoting Spoon138
I tried to go long at 18 with a very tight stop but got stopped. I should have known better really, price came in far too hard. (trigger happy) ah well we live and learn... nice trades DM.
yes the volatility is fast and ive been a little more generous with my stops at present.

the 75 to 80 level zone has not been cleared yet ,which is holding me from longs at present ,im waiting oil inv before i trade now .oil is impacting most markets at mo so im the sidelines till they do there thing
  • #4,303
  • Jan 27, 2016 9:18am Jan 27, 2016 9:18am
hmm, we reached the 1.4250-20 area, i think this was the area to look for per one of my plans in my journal. let's see what is next.
meanwhile i have been buying jpy against gbp which is going well.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 25 KB
As Above, So Below
  • #4,304
  • Jan 27, 2016 9:30am Jan 27, 2016 9:30am
Quoting tashkent
hmm, we reached the 1.4250-20 area, i think this was the area to look for per one of my plans in my journal. let's see what is next. meanwhile i have been buying jpy against gbp which is going well. {image}
perfect trade ,sterling being dumped across the board certainly not looking to buy any pounds at mo

good on ya
  • #4,305
  • Edited 9:51am Jan 27, 2016 9:40am | Edited 9:51am
Quoting diceman555
{quote} perfect trade ,sterling being dumped across the board certainly not looking to buy any pounds at mo good on ya
i risked some to buy there.
edit. it's hedged with gj shorts so either way should be able to keep the profit
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 32 KB
As Above, So Below
  • #4,306
  • Jan 27, 2016 10:02am Jan 27, 2016 10:02am
I was just thinking of shorting here at 50 but realised we could really do with back filling upto 85-ish first.
  • #4,307
  • Jan 27, 2016 10:05am Jan 27, 2016 10:05am
closed all gj shorts, will hold on to gu long
As Above, So Below
  • #4,308
  • Jan 27, 2016 10:07am Jan 27, 2016 10:07am
Quoting tashkent
{quote} i risked some to buy there. edit. it's hedged with gj shorts so either way should be able to keep the profit {image}
Diceman,
would that long bear candle constitute a new 15 average?
  • #4,309
  • Jan 27, 2016 11:26am Jan 27, 2016 11:26am
Quoting Spoon138
{quote} Diceman, would that long bear candle constitute a new 15 average?
yes i would average that candle .and as a note,the lead 1 hour candle at 8.00 am london which was that bearish engulfer,maximum potential below price was 14225 ,a mere 4 pips from the bottom.my trades today were all based from the averages to sl,s or highs.

this chart illustrates it better than words,its bloody freaky how price intertwines between t/f,s and the turning points are more often on these levels .some days it blows my mind.the hard part is to establish which period of time control's the board.

i have to confess after tash,s entry long ,it tempted me and i also went long at the lows my entry was 50 ,in error of judgement or meanness not to give back my pips of the day i was tight on my stop and got stopped out when it tested the lows.and yet it was bloody obvious were the stop should have been ,just below the 1 hour average 4 pips below the bottom

hope this helps to show how i perceive the market

14275 -80 was always the key zone of the day,large time frames converging with lower
Attached Image (click to enlarge)
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  • #4,310
  • Jan 27, 2016 11:31am Jan 27, 2016 11:31am
Quoting tashkent
closed all gj shorts, will hold on to gu long
i very nearly mentioned as a after thought from your post entering the long on gu ,this was gonna conflict with your yen trade,i was watching that relationship all day for my entries ,yen was forward on directional bias with cable lagging behind.
but at this point hindsight .

glad you bagged some today'

as posted to spoon i went totally against my initial responce to your cable long and entered myself after looking at the 1 hour.only i got stopped with ill placed stop
  • #4,311
  • Jan 27, 2016 11:37am Jan 27, 2016 11:37am
Quoting diceman555
{quote} i very nearly mentioned as a after thought from your post entering the long on gu ,this was gonna conflict with your yen trade,i was watching that relationship all day for my entries ,yen was forward on directional bias with cable lagging behind. but at this point hindsight . glad you bagged some today' as posted to spoon i went totally against my initial responce to your cable long and entered myself after looking at the 1 hour.only i got stopped with ill placed stop
yes i was just hedging gj shorts with gu but then noticed some weirdness and closed the yen long. today is one of those days everybody is right and everything depends on timing. i have been also scalping gu but for small pips, just took another long at 4255. also short scalping au and short eu from 0907 and holding that one for fomc.
As Above, So Below
  • #4,312
  • Jan 27, 2016 11:38am Jan 27, 2016 11:38am
im closed my short for 11,i think it may well be your board tash
  • #4,313
  • Jan 27, 2016 11:42am Jan 27, 2016 11:42am
Quoting diceman555
im closed my short for 11,i think it may well be your board tash
i have some concerns about that last 4h bearish gu candle and we are 20 minutes from closing. a big mess everywhere. lol
As Above, So Below
  • #4,314
  • Jan 28, 2016 4:24am Jan 28, 2016 4:24am
Have taken a short..Cable 1 hr
Attached Image (click to enlarge)
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  • #4,315
  • Jan 28, 2016 4:52am Jan 28, 2016 4:52am
took second possie at thick lite blue line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 84 KB
  • #4,316
  • Jan 28, 2016 5:18am Jan 28, 2016 5:18am
Quoting danc
took second possie at thick lite blue line {image}
Closed bothpossies at 4309..for a nice little earn.. off to bed
  • #4,317
  • Jan 28, 2016 8:25am Jan 28, 2016 8:25am
Quoting danc
{quote} Closed bothpossies at 4309..for a nice little earn.. off to bed
lovely scalping danc.

been a way from trading today
back on tomorrow. good to see you drop in .

you traded from the top of the bull and have a series of converged levels up there.are they m/a ,s or static averages or .........
  • #4,318
  • Jan 28, 2016 5:39pm Jan 28, 2016 5:39pm
Quoting diceman555
{quote} lovely scalping danc. been a way from trading today back on tomorrow. good to see you drop in . you traded from the top of the bull and have a series of converged levels up there.are they m/a ,s or static averages or .........
Static.. made up ov weekly/monthly multis of and 12 mths and 3 years and 57 mths..just stuff i have played with and seem to work
  • #4,319
  • Jan 28, 2016 6:16pm Jan 28, 2016 6:16pm
Quoting danc
{quote} Static.. made up ov weekly/monthly multis of and 12 mths and 3 years and 57 mths..just stuff i have played with and seem to work
good work.i have not looked back that far but what i can say is that the larger t/f ,in my case monthly ,weekly,daily and four hour play a key role on entry points,i look for when they converge with 15 min and 1 hour even down to one min which allows for the drift on either side to allow for very small stops.

my object is to capture a move within the price.im not looking to be right on direction ,changes in direction,tops or bottoms .maximum stake ,minimal risk and a r/r which enables even a 50/50 success rate allowing for spread to increase my account.

i can agree it is far more as far as probability terms to use the obvious strength of trend favour ,don't like the word trend but its practical .but considering we are intra day trading and in real terms micro trading it allows us to trade either way.especially when price for the best parts actually only really transacts at a few key points within its given range.

ive posted this clip of the daily cable chart for sunday through till now,ive eliminated all the lower t/f levels as they are constantly changing as orders reajust to the lower t/f,s and recluster cluster from point to point.the levels were calculated at end of trading last friday close,so they are all forward for this past week.

look at those weekly s lows ,the orders at those lows were consistently taking price higher,that wkly s low only got breached once and it was the four hour which was its last line of defence which held .the 4 hour has remained unchanged ,reason being it has not completed a cycle.now look at the wkly s highs,each time price pierced straight through indicating the bulls were in control of this bottom .if i scaled down in t/f and showed the lower t/f levels the picture becomes more clearer and our opportunities to capture a move from these key levels becomes apparent.over-trading is the destructive element in this method .it will change all those complex maths in to a chaotic coin toss with our spread cost being the devils victory.
Attached Image
  • #4,320
  • Jan 28, 2016 6:27pm Jan 28, 2016 6:27pm
now lets look in a little closer,

15 min chart and levels,one might say hindsight ,but if you look through this weeks trading most of my live trades were from these points.

if i go down to one min ,it opens up the picture to see things not visible here,we start to look into the 15 min candle developing and what its telling us,the lead 15 min candle from range has a averaged price above range ,the one minute is painting that 15 min candle and inviting us to trade the moment .averages tell us so much .
Attached Image (click to enlarge)
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