this morning and seen this was up in the +50 range, and almost hit the trigger @626, but thought it would hit my 60 pip TP. So I moved my original stop up to my open price. My original stop was 40 pips down from 1.57196 which was 1.56796 ! Should have left it alone with this market!
Oh well, I have already managed to scalp 40 pips in this last 40 min!!!!!!!
this morning and seen this was up in the +50 range, and almost hit the trigger @626, but thought it would hit my 60 pip TP. So I moved my original stop up to my open price. My original stop was 40 pips down from 1.57196 which was 1.56796 ! Should have left it alone with this market!
Oh well, I have already managed to scalp 40 pips in this last 40 min!!!!!!!
smallcaps49
i have been following your 5 13 62. i have gotten 19 pips so far today, but i am not sure i have every thing set up right. trying to learn this.
my RSI is set as:
Scale & Range = user defined max 1.000 min 0
Parameters = Period 75
think i am doing ok on the sell with the cross overs, the buy is still given me problems of when to "get in".
hi the david
im trying to use 6 13 62 strategy , but i tought that use 3 EMA and nothing else , could you send me how its setting for rsi ? if its smootheed or no ? how its period of rsi ? thanks for answer
I have a screen both on the 1 min and a screen shot of the tick. I use the standard RSI 14. On the tick screen, watch for the bottom of the 30 range on RSI, when it bottoms, watch the tick run up. It very well follows the same pattern on the 1 min screen but just behind the tick. When the 1 min hits the 70 RSI range, watch it fall back to the 50 RSI and below,and the same on the tick, but much faster back to the 30 RSI. The 1 min will follow the tick back to the 30 RSI for another run again back to the 50 RSI and up to the 70 for another down turn!!!
It is very repetative!!!!!!!!!
Hope you can understand what I have tried to explain?
does anyone else see 5758 as a major resistance? as long as 5758 holds we should see 5700; on the other side if 5760 is broken up, i see 5780 and then 5820. just my thoughts=)
I have a screen both on the 1 min and a screen shot of the tick. I use the standard RSI 14. On the tick screen, watch for the bottom of the 30 range on RSI, when it bottoms, watch the tick run up. It very well follows the same pattern on the 1 min screen but just behind the tick. When the 1 min hits the 70 RSI range, watch it fall back to the 50 RSI and below,and the same on the tick, but much faster back to the 30 RSI. The 1 min will follow the tick back to the 30 RSI for another run again back to the 50 RSI and up to the 70 for another down turn!!!
It is very repetative!!!!!!!!!
Hope you can understand what I have tried to explain?
this morning and seen this was up in the +50 range, and almost hit the trigger @626, but thought it would hit my 60 pip TP. So I moved my original stop up to my open price. My original stop was 40 pips down from 1.57196 which was 1.56796 ! Should have left it alone with this market!
Oh well, I have already managed to scalp 40 pips in this last 40 min!!!!!!!
Have a great day!!!
I am talking GMT couse it hit 1,5720ish already around midnight US time.
Anyways GL
b3
Hi every body, really enjoying reading the threads on this forum! Specially Stryker who is been quite today. Any way attaching a usefull link for who is interested on 5 13 62.
GL,
the long taken yesterday from 5689 i finally bailed out at 5744...
been quite since missed the shorts on usd/yen and again missed shorts on euro from aorund 5779 i was hoping for...
staying flat with a possible interest frowing in shorting euppy..... i would look for a stall or aorund 169.66 to go short on euppy with s/l abnove 170.30 for a bigger pips to gain...
would analyze the charts around closing b4 deciding to act upon.....
trades are gettting harder as mkt is getting congested.......
GL ALL.........
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
smallcaps49, if you would do that 300.000.000 times, it would still not be enough to pay off the deficit the US government created by overspending just the past fiscal year. For every individual living in the US (300.000.000) the government spent $ 1.600 more than they had in the cash register!!
Amazing isn't it ?? The dollar is undervalued....yeah right....LOL
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I got up at 06.00 am
Originally Posted by smallcaps49 
To both questions-
PS to questions-
I'm out
