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08-11-2008, 01:41 PM
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Join Date: Jul 2008
Posts: 89
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testing 4880 zone
4879 new low
selling rallies.
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08-11-2008, 01:45 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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cummulative loss for today's trade.......285 pips
cummulative gains for today's trade..... 877 pips..........
total gain 590+..
been shorting the break of 5015 on the retrace from 5080..
last shorts picked at 4905 break..
shoritng heavy lottage gaining 5 pips losing 10 pips gaining 40 pips and so it goes......... never traded this heavily in terms of trade..... so far 29 trades....
comparing to thurs-friday, including today's gain i'm still down for the month...
friday i was skinned and butchered......
hopefully b4 this week's end i could break even....
4880 is close to the 4777 im looking for.......
from here onwards shorts are preferred...... next stall around 4925-45, i will short guns again.... but been disciplined...... max s/l not extending 20 pips.... that is the punch line.........
well....... i had been busy scalping here and there......
want to cover the losses......
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...
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08-11-2008, 01:53 PM
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Member
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Join Date: Jun 2008
Posts: 1,111
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Neighbors
Quote:
Originally Posted by stryker
cummulative loss for today's trade.......285 pips
cummulative gains for today's trade..... 877 pips..........
total gain 590+..
been shorting the break of 5015 on the retrace from 5080..
last shorts picked at 4905 break..
shoritng heavy lottage gaining 5 pips losing 10 pips gaining 40 pips and so it goes......... never traded this heavily in terms of trade..... so far 29 trades....
comparing to thurs-friday, including today's gain i'm still down for the month...
friday i was skinned and butchered......
hopefully b4 this week's end i could break even....
4880 is close to the 4777 im looking for.......
from here onwards shorts are preferred...... next stall around 4925-45, i will short guns again.... but been disciplined...... max s/l not extending 20 pips.... that is the punch line.........
well....... i had been busy scalping here and there......
want to cover the losses......
GL ALL..........
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But of course! 4777 is nextdoor to 4880 |
08-11-2008, 01:54 PM
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Member
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Join Date: Jun 2008
Posts: 444
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Quote:
Originally Posted by Flguy
These is similar to my own trades. It feels like someone or perhaps a bunch of people are dumping their crude longs and buying dollar to hedge their oil. War in Georgia with Russia and the dollar is improving and oil is bearish. It just does not add up except the they are dumping oil and buying dollars.
I do not buy the elections, nor the theory that those that hit bottom first will bounce first as in USA got sick first thus will start recovering first. Europe to bounce second and improve much latter on. I beleive USA is the sick patience and will be the one to be sick longer.
The trend it appears to favor dollar at least for a while. I would not put the longs away. Such a large change in the currency with no pullback. It does not add up.
However, I also got burned three times this morning with both long and shorts. Managed to make some money with a short but not able to compensate for earlier losses. psst
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Hi Flguy,
I agree with you, in that the movements in the market on Friday and today make little sense when one looks at the fundamental picture.
If the war in Georgia broke out back in May, then I am certain we would have seen a spike in the price of crude oil to over $150 and a sharp sell-off in equities and the greenback, particularly so as the Russians ar reported to have made several attempts to attack a pipeline. Yet the price action we are seeing today is, in my opinion, totally counter-intuitive. I felt confident (dangerous word in FX) over the weekend that the market would retrace much of Friday's move, as the escalation of the conflict in Georgia was fully absorbed by investors.
I have lost 40 pips on cable today and am going to stay out of FX for the rest of today. My view remains unchanged that the dollar has strengthened far too much to soon AND will retrace at some point, but not before the sell-off in crude oil reverses.
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08-11-2008, 01:56 PM
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Member
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Join Date: Jun 2008
Posts: 444
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Quote:
Originally Posted by stryker
cummulative loss for today's trade.......285 pips
cummulative gains for today's trade..... 877 pips..........
total gain 590+..
GL ALL..........
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Brilliant stuff Stryker!!! Good to see you coming back so strongly! |
08-11-2008, 01:56 PM
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100 Post Club
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Join Date: Apr 2005
Posts: 252
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Stryker it's nice to see that you are doing ok. I m still sitting on my short and I don't like bounce from 1,4880. Wasn't expecting that.. Picked long from 1,4887 and let them go after 10 ticks.... now waiting to see what's next... shorts in play like I said...
I hope for lower than 1,4880.... Stops amended... Still great day.. if I manage to close bellow 1,4880 I made 8 % of acc today - one of best days?
Still don't belive we can go above 1.50 in next two days. Fall was too strong for € to recover but... anything is possible... (stops in place).
Stryker.. I make like 20 to 60 trades each day  I have main position (short or long) and scalp light in between. But I should strart scalping more heavy... ratio of succes is high on scalps... |
08-11-2008, 01:58 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by rickos69
But of course! 4777 is nextdoor to 4880
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my priority at the moment is to cover the losses of thurs-friday which unfortunately still more then double of today's gain..
i guess i need another volatile mkt focusing on one direction to achive that sooner...... have another 4 1/2 days to go...........LOL.........
will get there slow and easy or faster as i would love that.......
if this is indeed a trend change then why wait for 47, look lower... if not then we should be bouncing anything around 135-170 pips from where we are now..
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...
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08-11-2008, 01:59 PM
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Member
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Join Date: Mar 2008
Posts: 1,459
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Quote:
Originally Posted by Guilder
Went down fast again, took a loss at 1,4935.
1,4905 previous low, and LT TL support. Is that goes, Pippin was right and we might see 1,4800.
GL.
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Cr*p, I wish I could tell you: "I told you so" but I didn't trade it myself. That seems to happen a lot lately, good analysis but bad trades.
However, my grandmother used to have a stove in her livingroom. It was a heater and if you first saw it, you just had to touch it to see if it was hot. Well, you burned your hands, and that was very painfull. But as soon as you knew that it was hot, and confirmed it, you started to look for ways to use it to your advantage. After some observation, you saw that it was good to sit close to it when you were cold. Or that you could put a kettle on top, to boil water and make tea, or soup.
That's how it is with the markets. You can get burned, but if you learn to harness its power, you can make tea. For now, I am wearing gloves.  |
08-11-2008, 02:03 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by Bibi
Stryker.. I make like 20 to 60 trades each day I have main position (short or long) and scalp light in between. But I should strart scalping more heavy... ratio of succes is high on scalps... |
LOL........ how u do that.......... my normall scalping are not over 7-8 trades on xtreme avg.....
today's scalp was in like lot of pairs including geppy/aud/nzd/gbp and offourse euro......
u amazed me with 20-60 trades.... u ougth to teach me as well...
i simply cannot but stop laughing......... u r amazing indeed............
GL ...
__________________
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...
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08-11-2008, 02:30 PM
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Member
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Join Date: Feb 2008
Posts: 519
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Dawn of the dead
[quote=Ilovepippin;176094]Cr*p, I wish I could tell you: "I told you so" but I didn't trade it myself. That seems to happen a lot lately, good analysis but bad trades.
[quote]
Yeah, you were right. I was stubborn, again. At leat I know who to blame: myself.
Not only stubborn, but frustrated too! Once 1,4935 broke i sold a few too many. Discipline was gone...... 
1,4880 take profit was not hit by 1 pip or so! How bad can it get.
But I took 'm back at 1,4895 and that made the day. I'm done for today, and I even made money!
Newbies: dont try this at home. I am a trained professional.
Pippin: Keep up the good work. Your analyses is very usefull to me.
And to others as well. I am sure of that. I'll be in touch. Cheers. |
08-11-2008, 02:37 PM
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Member
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Join Date: Jul 2008
Posts: 17
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Quote:
Originally Posted by stryker
cummulative loss for today's trade.......285 pips
cummulative gains for today's trade..... 877 pips..........
total gain 590+..
been shorting the break of 5015 on the retrace from 5080..
last shorts picked at 4905 break..
shoritng heavy lottage gaining 5 pips losing 10 pips gaining 40 pips and so it goes......... never traded this heavily in terms of trade..... so far 29 trades....
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waw!
This was one of the bests days for me also. Got 3 long 100+ up and down trends totalling some 300+ pips so far.
Great day |
08-11-2008, 02:45 PM
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Member
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Join Date: Jul 2008
Posts: 46
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Scalping
Quote:
Originally Posted by se1paul
Brilliant stuff Stryker!!! Good to see you coming back so strongly!
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Stryker - or Bibi= all of the scalping you are doing, do you only scalp the EUR-USD pair or do you scalp other pairs as well? Do you always use the same lot size of do you vary?
How much do you let the trade go negative before closing? I've been letting my trade run a little longer as I try to let my position either hit the SL or the TP marker. However this takes longer. What about working several scalps or trades at the same time, are you doing that as well, or just one scalp at the time? Sorry for the many questions... I want to learn 
If you know the overall trend is bearish or bullish, do you scalp in either direction or just in the direction of the general trend? The reason that I ask is because I have been scalping with the 1min chart and usually wait for the trend pull back and go at it again. Unfortunately would never allow me to do the amount of trades you guys are currently doing. Thanks
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08-11-2008, 02:50 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by Kiudero
waw!
This was one of the bests days for me also. Got 3 long 100+ up and down trends totalling some 300+ pips so far.
Great day
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indeed........ my scalps now stand at 712+..... + as now i have shorts riding on euro, initially longs were decent.......
im using big lots here......... but keeping stops to 5-12 pips from here onwards.....
__________________
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...
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08-11-2008, 02:57 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by Flguy
Stryker - or Bibi= all of the scalping you are doing, do you only scalp the EUR-USD pair or do you scalp other pairs as well? Do you always use the same lot size of do you vary?
If you know the overall trend is bearish or bullish, do you scalp in either direction or just in the direction of the general trend? The reason that I ask is because I have been scalping with the 1min chart and usually wait for the trend pull back and go at it again. Unfortunately would never allow me to do the amount of trades you guys are currently doing. Thanks
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i use 5 mins with 30 mins for scalps..... i dont sclap too many trades, as i look for breakouts on 5 mins as early indicators while spotting the TL's on 30 mins charts.........
breakouts at times carries quite heavy lots, stops are always close by.....
today's scalp was not normals........ i was all over and in and out...... minimum gains were for 3-4 pips, maximum few lots for 100+ (full fledge trade).....
take in heavy lots and take 10-30 pips....... but then again for some reasons the most heavier of your lots are the one u lose on.... i guess we cannot see red figures on such lots........ LOL.......
anyways scalps are not for everyone and i seriously mean......
i scalp when bored or mainly when i don;t know where the paid would go...
GL....
__________________
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...
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08-11-2008, 03:02 PM
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100 Post Club
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Join Date: Apr 2005
Posts: 252
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It comes from my previous job...
I use 1 min for scalps and PKS (9.5.3). That's all what I need. If I see that fiber is moving somewhere.... I just jump in. Sometimes it works out, other times not. On the end of the day I ussaly end up with 0 to 1 % plus in acc - my goal of course with very light positions. I track movement of gold and crude and I throw in "testers" ... many times they are ok.. other times they end up in red figures - stops take care about it... and yes.. If I see that it's going to move 5 ticks I jump in.
Spread is very important. Hope that my acc grows big enough that I can get interbank platform with 1 tick spread - dukas (would improve my result a lot).
Good night (stops in place.. almolst got hit). Huh... it'll be hard to close bellow 1.49 |
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