wedgie wedgie come to teddy....awesome tah watching same thing as u know.... at last we see some decent fx moves and also in equitoes too......let her fall to the depths of the 4hour and then its time to pump up the jam for longs
1.3185 could be a potentially good resistance if big "if" they want to take out 1.3156
good luck and use leverage wisely i currently using leverage 1:3 because atr support already met and if atr support broken then alot of volatility expected specially to the down side be very careful!
1.3185 could be a potentially good resistance if big "if" they want to take out 1.3156
good luck and use leverage wisely i currently using leverage 1:3 because atr support already met and if atr support broken then alot of volatility expected specially to the down side be very careful!
Okay, I think my point about high MyWave counts has been proven - those who have been watching for a few months will have noticed the 'wash, rinse, repeat cycle, over and over'. It is not difficult to do compared to Elliot or Delta, and keeps me out of trouble most of the time. And best of all it is free cause I gave it a way!! Four and a half year's work. If anyone is using it to help them trade, let me know. I know it is not perfect on its own but it would be nice to have someone to talk to!!!!!!
Anyhow, closed out half at 1.3210 and hope to get some more on if we get back up near the exit point. The other half is targeting 1.3130 at present whcih is the outer perimeter of my 2 day 'inner' range band and where the 240min bands seem to be heading.
Catch up tomorrow.
I am out at 1.3168 - I managed to add back on again nearer the daily pivot, so I am happy to go early. The 240min chart shows how important that 1.3161 line is and I would rather have another go at it from nearer 1.3240. We are only at MyWave 5 on the short term chart, so I am out early here but as we keep on saying, money banked!!!
Legends on the charts explain the indicators - nothing hidden, all there to see.
EUR/USD is trading lower this morning on weak euro PMI indices and is now trading under 1.32 which leaves the short bias neutral. One could say that we are trapped in a range where 1.3150 acts as support and 1.3285 is resistance. Given this we can expect a bounce to 1.3230.
A breakout below 1.3150 would take price to 1.31 and if this happens we leave the range and the price trend turns bearish. If this happens we can expect a decline to 1.3050 over the next trading sessions.
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EUR/USD 60 min chart
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1.3185 could be a potentially good resistance if big "if" they want to take out 1.3156
good luck and use leverage wisely i currently using leverage 1:3 because atr support already met and if atr support broken then alot of volatility expected specially to the down side be very careful!
I hear you.....im a scalper and have been for many many years now..... to give you an idea I have been short london ftse, french cac, german dax, eu/usd and gold this morning
I can be long and short on many mkts on my designed 10 x 10 pip strategy !! many years ago i posted on this very forum this 10 x 10 pip strategy and it got hammered by so caled trend traders that were holding posistion for days looking for the 200 pip move....by the time they had hit there 200 pip elliot wave move i had already banked the 200-300 pips from scalps and on to another mkt....... well im still doing it and very rarely do i not cover 100 pips in a day from scalping ...........so thanks for the warning of being carefull as that is something that should come naturally to all traders..
tech play is the only way IMO fib calcs, trendlines most important and of course mkt indicators ......good to see you use caution in trading . Good drills to you
I hear you.....im a scalper and have been for many many years now..... to give you an idea I have been short london ftse, french cac, german dax, eu/usd and gold this morning
I can be long and short on many mkts on my designed 10 x 10 pip strategy !! many years ago i posted on this very forum this 10 x 10 pip strategy and it got hammered by so caled trend traders that were holding posistion for days looking for the 200 pip move....by the time they had hit there 200 pip elliot wave move i had already banked the 200-300 pips from scalps and on to another mkt....... well im still doing it and very rarely do i not cover 100 pips in a day from scalping ...........so thanks for the warning of being carefull as that is something that should come naturally to all traders..
tech play is the only way IMO fib calcs, trendlines most important and of course mkt indicators ......good to see you use caution in trading . Good drills to you
Well I won't hammer you CW1 - time to get the cob webs off it and re-post?!
I hear you.....im a scalper and have been for many many years now..... to give you an idea I have been short london ftse, french cac, german dax, eu/usd and gold this morning
I can be long and short on many mkts on my designed 10 x 10 pip strategy !! many years ago i posted on this very forum this 10 x 10 pip strategy and it got hammered by so caled trend traders that were holding posistion for days looking for the 200 pip move....by the time they had hit there 200 pip elliot wave move i had already banked the 200-300 pips from scalps and on to another mkt....... well im still doing it and very rarely do i not cover 100 pips in a day from scalping ...........so thanks for the warning of being carefull as that is something that should come naturally to all traders..
tech play is the only way IMO fib calcs, trendlines most important and of course mkt indicators ......good to see you use caution in trading . Good drills to you
very weldone and good job sir, i really want to learn this strategy 10x10, well im not a scalper but i use sometimes scalping techs to enter or exit,
thnx!
I hear you.....im a scalper and have been for many many years now..... to give you an idea I have been short london ftse, french cac, german dax, eu/usd and gold this morning
I can be long and short on many mkts on my designed 10 x 10 pip strategy !! many years ago i posted on this very forum this 10 x 10 pip strategy and it got hammered by so caled trend traders that were holding posistion for days looking for the 200 pip move....by the time they had hit there 200 pip elliot wave move i had already banked the 200-300 pips from scalps and on to another mkt....... well im still doing it and very rarely do i not cover 100 pips in a day from scalping ...........so thanks for the warning of being carefull as that is something that should come naturally to all traders..
tech play is the only way IMO fib calcs, trendlines most important and of course mkt indicators ......good to see you use caution in trading . Good drills to you
Hi, CW1
Good to hear that you found a way that works so well for you. For those of us that were not here those "many years ago" when you posted 10 X 10, would you mind posting it again? I think people seem rather open-minded here and now.
Good to hear that you found a way that works so well for you. For those of us that were not here those "many years ago" when you posted 10 X 10, would you mind posting it again? I think people seem rather open-minded here and now.
Thanks
F
Sure of course and thanks you for your comments.
Here goes...
10 x 10 = 10 seperate trades through out the day for 10 pips target...result =100 pips
I now use this for ftse, cac, dax, gold and eu/usd and gu.
the 10 x 10 strategy can bank equally 100 pips if you double the trade and reduce the pips to 5 pips tgt. many ways can give many gains.
for those new to the game its the pips that counts becuase if you can achieve consistency in pips then of course this means you will be consistently profitable
Last edited by cw1; 05-02-2012 at 05:16 AM.
Take your profits or the market will take it from you....
Just a nibble long - 1/5th of max back to daily pivot.
Return journey to the gold 2 day Hull median is normal play action. It is gold because the 2 day trend is still up, although the red 240min average is now defo downhill for the moment. In order for that gold Hull to turn pink for down too, is going to need some coaxing. Might not be now but we are almost at the outer range of the 240 min range band (pink lines) and we may just have a very simple 5 EW waves here for the first wave down from yesterday's high.
Taking a punt for fun given the state of those shorter term moms at the bottom - these cover up to 2hrs in time frame.
Sure of course and thanks you for your comments.
Here goes...
10 x 10 = 10 seperate trades through out the day for 10 pips target...result =100 pips
I now use this for ftse, cac, dax, gold and eu/usd and gu.
the 10 x 10 strategy can bank equally 100 pips if you double the trade and reduce the pips to 5 pips tgt. many ways can give many gains.
for those new to the game its the pips that counts becuase if you can achieve consistency in pips then of course this means you will be consistently profitable
ok good but if 10x10=10 resulted all in minus then it would be -100 pips for the day
lol just kidding sir!
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Originally Posted by cw1
