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  • #101
  • Feb 23, 2017 4:23am Feb 23, 2017 4:23am
Quoting jarhead
Why I only scalp and pass on the longer stuff: Took trade - happy with entry - nice scalp. When she hit the 70's area I had my finger on the trigger for a 30 plus scalp. Then the brain housing group took over. Nogg'in say she gonna run - finger say take the money and run. Nogg'in edged out finger. An da nogg'in right -- she run like a scared rabbit -- bass ackards! So I took my 7 pips rather than my 30 pips and earned a belly laugh from Mr. & Ms. Market. Next {image}
I have admiration for those who can scalp. The odds are more against you, with the broker taking such a big slice and then there is little room for error. It's quite unforgiving. Whereas, I place my orders then do something else, like go and sit in traffic. Geez, an hour to get 10 miles this morning. I can run faster than that... ok maybe not, but I know some who can. You can't bloody move here. And I guess I'm racist for not wanting anymore in this country.
  • #102
  • Edited 7:47am Feb 23, 2017 7:37am | Edited 7:47am
Quoting jen101
Right, going for it, being bold here. What do you reckon? See the 138.2 extension - that is bang on the daily demand zone! {image} {image}
Oh I forgot to say I had EN as well and that just gave me 97 pips.
Attached Image (click to enlarge)
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Edit: this is why I took the trade.
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  • #103
  • Feb 23, 2017 7:49am Feb 23, 2017 7:49am
Quoting jen101
{quote} And I guess I'm racist for not wanting anymore in this country.
Sad that leftist are the same worldwide. They have no logical ideas. They can't get elected on what they really believe. Factual information to them is like sunlight to a vampire. They are reduced to name calling and character assassination. I'm sure folks are as sick of the words "racist and the various phobic" terms as we are.
Defending Truth, Capitalism and the US Constitution
  • #104
  • Feb 23, 2017 7:51am Feb 23, 2017 7:51am
Quoting jen101
{quote} Oh I forgot to say I had EN as well and that just gave me 97 pips.
Wow! U gonna give this place a phobia!
Defending Truth, Capitalism and the US Constitution
  • #105
  • Feb 23, 2017 7:55am Feb 23, 2017 7:55am
Quoting jarhead
{quote} Wow! U gonna give this place a phobia!
Hey, sometimes, I get lucky.
  • #106
  • Feb 23, 2017 8:23am Feb 23, 2017 8:23am
Quoting Exodus
{quote} What made you pick that entry Jar?
I use candles, trend lines, exhaustion - volume and a few patterns. Scalp using 1 & 5 TF's. Learned early in life, on the farm that everything has a pattern -- whether it's the way a animal moves or someone plows a field. Somewhere in early life I started thinking things happened in three's quite often. I only trade 3 pairs -- mostly EU and on occasion AU or NU. Normally I start the day looking at the calendar and spending at least 30 minutes observing charts.

Decided on EU yesterday and figured FOMC minutes would be a mover. Didn't know why it had 2 minor spikes but figured it was indicating EU positive for minutes release. Entered there as as volume and candles indicate down move exhausting. Had my finger on kill button when minutes released. Would have killed if first minute candle was negative. Know this is a illogical way to trade. Stu has given me several tips: the most valuable -- find what works and stick with it. Works for me.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m5 (02-23-2017 0804).png Size: 49 KB
Defending Truth, Capitalism and the US Constitution
  • #107
  • Feb 23, 2017 8:27am Feb 23, 2017 8:27am
Quoting jen101
{quote} Hey, sometimes, I get lucky.
Ain't luck. That old say'in "every now and then even a blind hog will find a acorn" -- them blind hogs that fine tuner ther "smellers" find lot more acorns than the lazy, skinny hogs!
Defending Truth, Capitalism and the US Constitution
  • #108
  • Feb 23, 2017 8:50am Feb 23, 2017 8:50am
Got out of this last trade as have a appointment to keep and not gonna leave money on the table. Probably it for the week as FXCM account being transferred to Forex.com tomorrow. Look at them over the weekend. Anyone know a good US broker that is scalper friendly?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m5 (02-23-2017 0945).png Size: 46 KB
Defending Truth, Capitalism and the US Constitution
  • #109
  • Feb 23, 2017 10:55am Feb 23, 2017 10:55am
Quoting jarhead
... Anyone know a good US broker that is scalper friendly? {image}
TBH I am amazed that you are succeeding with your current broker. They never used to like scalpers, especially the successful ones.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #110
  • Feb 23, 2017 11:22am Feb 23, 2017 11:22am
Quoting jarhead
Got out of this last trade as have a appointment to keep and not gonna leave money on the table. Probably it for the week as FXCM account being transferred to Forex.com tomorrow. Look at them over the weekend. Anyone know a good US broker that is scalper friendly? {image}
Oanda. I swear by them. You will have to get used to the spreads.
If you are good at something, never do it for free--Joker
  • #111
  • Feb 23, 2017 2:58pm Feb 23, 2017 2:58pm
Quoting Exodus
{quote} TBH I am amazed that you are succeeding with your current broker. They never used to like scalpers, especially the successful ones.
They have become much more difficult since the Swissy affair. I'm hoping things ease up in next 6 months as there is serious efforts to do away with most Dodd-Frank. I am not a hedger, but dumping the FIFO would be a huge help.
Defending Truth, Capitalism and the US Constitution
  • #112
  • Feb 23, 2017 3:02pm Feb 23, 2017 3:02pm
Quoting jmn5611
{quote} Oanda. I swear by them. You will have to get used to the spreads.
Was going to ask you about Oanda, J. Saw somewhere you posted you really liked them. Spreads would be a problem. My sweet spot is 4 -6 pips a pop, so I'm looking for a pretty low spread. Am going to check Oanda out this weekend. Thanks.
Defending Truth, Capitalism and the US Constitution
  • #113
  • Feb 23, 2017 3:04pm Feb 23, 2017 3:04pm
Couple ipad pops.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m1 (02-23-2017 1449).png Size: 47 KB
Defending Truth, Capitalism and the US Constitution
  • #114
  • Feb 23, 2017 8:58pm Feb 23, 2017 8:58pm
Quoting jarhead
{quote} Was going to ask you about Oanda, J. Saw somewhere you posted you really liked them. Spreads would be a problem. My sweet spot is 4 -6 pips a pop, so I'm looking for a pretty low spread. Am going to check Oanda out this weekend. Thanks.
Give it a look if you have any questions, PM me. I will give you the ins and outs of the platform. No broker out there for US clients comes even close to their flexibility.
If you are good at something, never do it for free--Joker
  • #115
  • Feb 24, 2017 6:33am Feb 24, 2017 6:33am
Quoting jmn5611
{quote} PM me. I will give you the ins and outs of the platform.
Thanks. Will do. Also understand they one of strongest, financially.
Defending Truth, Capitalism and the US Constitution
  • #116
  • Feb 24, 2017 9:13am Feb 24, 2017 9:13am
Quoting jarhead
{quote} Thanks. Will do. Also understand they one of strongest, financially.
They survived the SNB....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #117
  • Feb 24, 2017 9:58am Feb 24, 2017 9:58am
Quoting Exodus
{quote} They survived the SNB....
Just got notice that I am a newbie at Forex.com. Won't be trading much next week till I get things sorted out.
Defending Truth, Capitalism and the US Constitution
  • #118
  • Feb 24, 2017 10:03am Feb 24, 2017 10:03am
Watching Pres Trump address CPAC. Nice to see someone optimistic who understands capitalism and is positive over the future, once again -- been a long time. Y'all have yo'selves a splendid weekend!!
Defending Truth, Capitalism and the US Constitution
  • #119
  • Feb 25, 2017 6:19pm Feb 25, 2017 6:19pm
FXCM account finalized into Forex.com today. Haven't had a lot of time to look over the platform. Looks OK. Their margin requirements bout 10 12% lower than FXCM. Sorta funny. First time I opened the platform, it looked great -- much lower margins and several instruments to trade, including agriculture futures. Came back couple hours later and realized the deal. They hadn't adapted it to dodd-frank. Now it sux like FXCM did.
Defending Truth, Capitalism and the US Constitution
  • #120
  • Feb 28, 2017 7:59am Feb 28, 2017 7:59am
Quoting jen101
Right, going for it, being bold here. What do you reckon? See the 138.2 extension - that is bang on the daily demand zone! {image} {image}
Still alive, but gone the wrong way.

Well, meanwhile I got one in the bag. 63 pips. Should have stayed in, I know.
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