Thread: GBP and JPY Pairs H1 2013

Originally Posted by turmaz

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

Originally Posted by jbiggart

Great trade!

just feeling lucky today and little bit of mechanical trading no techs involved in this particular trade
thnx m8

Originally Posted by cw1

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?!

Originally Posted by cw1

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!

Originally Posted by cw1

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.

Thanks

F

Originally Posted by Clivewaverider

Well I won't hammer you CW1 - time to get the cob webs off it and re-post?!

lol sure of course. this was long time ago anyways. When scalpin was frowned upon like 'spartacus' was by the roman empire.....lol

keep your waves going as they are clear and precise

Originally Posted by Franosh

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.

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

Originally Posted by cw1

lol sure of course. this was long time ago anyways. When scalpin was frowned upon like 'spartacus' was by the roman empire.....lol

keep your waves going as they are clear and precise

how long you trading ?

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.

Originally Posted by cw1

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!

Originally Posted by turmaz

ok good but if 10x10=10 resulted all in minus then it would be -100 pips for the day
lol just kidding sir!

lol yep true and if that did happen then of course it shouldnt as trader should have re evaluated his entries in line with trend for the day if any the trusted trend lines and of course indies.

oh and one more thing the warm love and honour from the wife ,, while slaving over the cooker ...

i have support in this area as well, but am going to hold out, euro on theses drops tends to do deeper and my next support is 3100. with the range this wide now maybe they run every level? lol

DailyFX Global Economic Calendar for week Ending May 4th 2012

Hello Traders,

I am back from a most needed vacation and look forward to some great trading this week. With the Euro breaking below the psychological 1.3200 today, the 8:30 AM ET US data points will come into focus. Will these events reverse the Euro's decline or accelerate its demise?

With the all important US Non-Farm payroll number out Friday, it is unusual to see these big swings ahead of the release. But as always, the market can do whatever it wants when it wants!

Happy Pipping!

Regards,

Greg McLeod
DailyFX Forum Moderator/Trader

Originally Posted by cw1

3184
3125
3086/90

these tgts are still valid from earlier post as long as 3235 holds using mixture of fib calcs and just damn good predictive possibilities based on indicators etc,etc

see ya on the dance floor

can we see tgt 2 on my list here : almost there ..... wife is cooking, dog is smiling, kid at school, no time to be a fool......

stopped -15