Momentum was not enough, mm could control the price
Be a spectator, not a player
PVSRA Scalping with Cigarguy
- #6,723
- Jan 25, 2017 8:17am Jan 25, 2017 8:17am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 FIFO Scalp +99 (avg. +19.5 @ 5 lots) Trying to leave but couldn't pass on this quick M5 scalp for some nice pips....UJ MM's gave some nice momentum this AM.....+275.
Keep It Simple
- #6,724
- Jan 25, 2017 8:28am Jan 25, 2017 8:28am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Be a spectator, not a player
- #6,725
- Jan 25, 2017 8:37am Jan 25, 2017 8:37am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
FYI primarily for new scalpers..... retrace time prior to LC when MM's love to catch wrong way traders and grab stops, so be careful not to over trade and give back those hard earned pips banked earlier with nice MM momentum....
Keep It Simple
- #6,726
- Jan 25, 2017 9:09am Jan 25, 2017 9:09am
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
FYI primarily for new scalpers..... retrace time prior to LC when MM's love to catch wrong way traders and grab stops, so be careful not to over trade and give back those hard earned pips banked earlier with nice MM momentum....
- #6,727
- Jan 25, 2017 9:11am Jan 25, 2017 9:11am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Yes! I have done that a lot of times and lost a lot of money so I am more careful now.
Keep It Simple
- #6,728
- Jan 25, 2017 9:20am Jan 25, 2017 9:20am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
UJ tickvolume dropped to quickly, closed the trade
Be a spectator, not a player
- #6,729
- Jan 25, 2017 9:25am Jan 25, 2017 9:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ tickvolume dropped to quickly, closed the trade
Keep It Simple
- #6,730
- Jan 25, 2017 9:35am Jan 25, 2017 9:35am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
{quote} You got your +5 so all is good....
Or maybe previous bull trend was so strong that LC will continuing it....
Be a spectator, not a player
- #6,731
- Jan 25, 2017 9:36am Jan 25, 2017 9:36am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +37 (avg. +7.4 @ 5 lots) Quick scalp with nice MM momentum...
Keep It Simple
- #6,732
- Jan 25, 2017 9:43am Jan 25, 2017 9:43am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Lucky maybe
Keep It Simple
- #6,733
- Edited 10:12am Jan 25, 2017 9:56am | Edited 10:12am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M1 FIFO Scalp +23 (avg. +4.6 @ 5 lots) Quick little M1 CT scalp...
Thanks to the UJ sneaky
MM's, +335, I may not work today and go fishing.....lol....At times they can be so transparent....
MM's pumping and dumping above 113.800 possibly building for a long run....time will tell maybe not during NY but Asia or London??
The only thing in trading that we know for certain is that we know nothing for certain...
Thanks to the UJ sneaky
MM's, +335, I may not work today and go fishing.....lol....At times they can be so transparent....MM's pumping and dumping above 113.800 possibly building for a long run....time will tell maybe not during NY but Asia or London??
The only thing in trading that we know for certain is that we know nothing for certain...
Keep It Simple
- #6,735
- Jan 25, 2017 10:12am Jan 25, 2017 10:12am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hi ! cigarguy did you trade with GBPUSD ??
I like to stick with only 1 or 2 pairs and get to know their movement very well....that's just my opinion as many attempt to watch too many pairs worried they will miss a trade. IMO it's better to learn 1 or 2 pairs and stay focused and attempt to detect how the sneaky MM's play their games with those pairs only....
Keep It Simple
- #6,736
- Jan 25, 2017 10:13am Jan 25, 2017 10:13am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Be a spectator, not a player
- #6,737
- Jan 25, 2017 10:19am Jan 25, 2017 10:19am
{quote} No, not today and not normally. I like to stick with only 1 or 2 pairs and get to know their movement very well....that's just my opinion as many attempt to watch too many pairs worried they will miss a trade. IMO it's better to learn 1 or 2 pairs and stay focused and attempt to detect how the sneaky MM's play their games with those pairs only....
Great Thanks EU and UJ look like the best for this method
here we go with little risk
- #6,738
- Jan 25, 2017 10:19am Jan 25, 2017 10:19am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ, unready for the movement.... {image}
Keep It Simple
- #6,739
- Jan 25, 2017 10:27am Jan 25, 2017 10:27am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
{quote} UJ Pump N Dumps continue....those sneak MM crooks...
Be a spectator, not a player
- #6,740
- Jan 25, 2017 10:28am Jan 25, 2017 10:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
A very basic reminder from one of our PVSRA PDF's......IMO we all need to take time to review the basics as we acquire some bad habits with time...but keep in mind, nothing is carved in granite and their are times to deviate but we all need a foundation from which to build...........
Keep It Simple