Go Back   DailyFX Forex Forum | FX Forum
Reload this Page Sidebar Wrapper

Thread: Scalping and Intraday Trading Strategies Discussion
View Single Post
  #527 (permalink)  
Old 06-09-2009, 09:05 PM
beeryboogy's Avatar
beeryboogy beeryboogy is offline
Member
  
Join Date: Jan 2009
Posts: 330
beeryboogy is an unknown quantity at this point
Send a message via Skype™ to beeryboogy
Quote:
Originally Posted by Gregory McLeod View Post
10 pips in 7 minutes trading with only Market Depth on the Active Trader platform. After closing out a Market Depth Imbalance trade on the Euro, I saw another setting up on the cable. 14 Million was offered while only 5 Million was Bid showed me that I could scalp 10 pips out of the GBP/USD going short.
The better than 2:1 Offers to Bids clearly illustrates short term resistance. This trade was executed without the aid of any charts.

CLICK HERE to see more of what you can do with Active Trader.
Wish I could do that with the Micro Trading Station.
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 04:16 AM.
Copyright ©2009 Daily FX. All Rights Reserved.