Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by rcopadilla

Here's a 30min chart with a possible gameplan.

lol which one big guy?

scalping is of course an art to which gains are normally no more than
5,10 or 30 pips

in my view between 10-30 pips per trade is still a scalp.

I still do my 10 x 10 technique. 10 trades per day for min 10 pips limits tgts.
if i am major good then i will leave one running if the move like this mornings up move is strong enough
but take another look .....it would have been best to indeed scalp and bank at 30-40 pips and im so glad i did so...

so i guess what im saying is at the moment still thee is no REAL long term trades to be done here
sure ive also banked pips on the this down move under divergence too using the indicators it would suggest it either way... i will re iterate what i said a while back when a trader siad to me few years back .....'there is no room for scalpers in here' ... well guess what sweetcheecks , im still here and i made some room

So dont be bold and hold.....take your profits before the mkt does.... sorry about the pink but i kinda like it

Originally Posted by cw1

scalping is of course an art to which gains are normally no more than
5,10 or 30 pips

in my view between 10-30 pips per trade is still a scalp.

I still do my 10 x 10 technique. 10 trades per day for min 10 pips limits tgts.
if i am major good then i will leave one running if the move like this mornings up move is strong enough
but take another look .....it would have been best to indeed scalp and bank at 30-40 pips and im so glad i did so...

so i guess what im saying is at the moment still thee is no REAL long term trades to be done here
sure ive also banked pips on the this down move under divergence too using the indicators it would suggest it either way... i will re iterate what i said a while back when a trader siad to me few years back .....'there is no room for scalpers in here' ... well guess what sweetcheecks , im still here and i made some room

So dont be bold and hold.....take your profits before the mkt does.... sorry about the pink but i kinda like it

lol... I like your moto... "Take your profits or the market will take it from you..."

Originally Posted by Fx(MIA)

3106 and 3054 5 min has an open door to the upside but there is down side risk developing......about time the Euro/$ is trying to get its self out of the tf tug of war

As I went neutral with short cover before my swim above the pivot, I am somewhat biased towards more downside as long as the low of 1.2994 does not get taken out. If I could dream up a scenario, it would be an ending diagonal into that 1.3020 ish area, letting me bank the shorts with a slingshot to the upside.

What a day already!

Originally Posted by Spyros

lol... I like your moto... "Take your profits or the market will take it from you..."

It is a great motto. In fact, there is probably an e-book already written on this forum just by listing out all the signature tags.

Originally Posted by Spyros

lol... I like your moto... "Take your profits or the market will take it from you..."

Haha ya I agreed. Just now my counter is positive now become negative. It's like so fast in forex.

Originally Posted by Sim3

Haha ya I agreed. Just now my counter is positive now become negative. It's like so fast in forex.

My balance increased when I learnd to work with "STOP" and of course when I worked with CW1's moto

Short term trading is the best way to maximize pip profits. Most of the time, the price trades with the Bollinger bands so using the bands to identify entries and exits. Extensions outside the bands or coming short of a band during a reversal just takes a little adjustment.

Originally Posted by rcopadilla

Here's a 30min chart with a possible gameplan.

The impeding CCI crossover has happened and the price is working on erasing the downside gains of the big red bars.
Watch for a CCI peak to develop. The occurance of the last 2 peaks above 200 led the reversal by a couple of bars.

Good Day Traders,

What does the door have to to with FX, well I missed my exit while making some breakfast for the family, damn those stops work every time... well almost.

OCO triggered and got me up and on-board and I added to the position just after 0600 NYT. Tightened the stop and went to do breakfast..... left a bunch on the table but so it goes. For those wondering, Tocino, Yuevos y Pan con Cafe.

I wonder if the H1 ICH cloud will validate fully or not with a close below Today? Still looking for that drift up to 1.3200 level.

I heard this yesterday: Never get on the train (pip) without knowing your stops.

Originally Posted by buggypilot

Good Day Traders,

What does the door have to to with FX, well I missed my exit while making some breakfast for the family, damn those stops work every time... well almost.

OCO triggered and got me up and on-board and I added to the position just after 0600 NYT. Tightened the stop and went to do breakfast..... left a bunch on the table but so it goes. For those wondering, Tocino, Yuevos y Pan con Cafe.

I wonder if the H1 ICH cloud will validate fully or not with a close below Today? Still looking for that drift up to 1.3200 level.

I heard this yesterday: Never get on the train (pip) without knowing your stops.

A healthy breakfast Rod... lol

Momentum is building. That's what happens when there is room to run while still within the bands.

Originally Posted by Spyros

Maybe we have a 5-0 bearish pattern in progress...D target at 1.3118

Attachment 123675

We exceed the target. It seems like the 5-0 bearish pattern fails...let's give it some space & time to see...

But still plenty upside left on the 30mins.
Tactical play is to book a few pips and look to reenter at the 5min Boll20 midline or maybe at the 250EMA which has yet to be tested as support.

For all the noise today, that is 3 lower highs and one lower low so far. Unless that top gets taken out, market just not want to commit to upside yet. I think Mr Chin reckoned on lots of range trading a couple of weeks back - hat tip sir.