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Yeah as long as I'm winning more than I lose I'm OK, I guess. What I've done Kirby was take a chart (any pair) and completely blacked out everything on it, including candles so it's nothing but a black screen. Then I load nothing but account monitoring indicators showing balance, margin, equity, open positions, daily weekly monthly profit/loss, percentages, graphs etc. So everything I need that's account related is a click away. I could post it but I'm too embarrassed to even show it but I think you get the point. Lol
The trading isn't going too bad. I've actually recovered a lot of the pips lost this month but not the money lost yet if that makes sense. My initial positions were larger than the 2% recommended (loss) so I had to reduce my lot size in the recover period. I'm 53% on a whopping 45 trades so far already. My broker loves me if nobody else does that's for sure Lol. That's the life of scalping I'm afraid.
I don't blame you there Kirby. That's why I like NU and NJ. If it works then stick with it. If you can get personal with one pair then you can make a lot more than jumping around IMO
Then we were actually on the same page then but just described it a little differently. I feel better now Lol.
Exactly. In any case I took a small micro long on EA @ 1.4656 just around the key level and 4 hr doji. Gonna let it ride for now. Also long UJ @ 112.93.
Here's a link to the gap fill I was talking about. Doesn't mention the name but the basics are the same...
http://www.investopedia.com/articles/trading/05/playinggaps.asp
Yes, the hourly has moved into the wedge pattern. I would expect it to complete near 1.1055 level then drop back to at least the beginning of the move around 1.0964. All that is near term for us scalpers. Lol
Looks like EA is going to form a doji here at the 1.4650 key level on the 4hr. Won't be long now.
Look at EU in just 3 hrs....
Yeah it is. Look at NU and NJ...
Yeah what can he promise? More monetary easing? Let's hope not trying the old slight of hand thing to get everybody in long positions then pull the rug. After all, take a look at the EA monthly...
I just posted a chart on it Jav. Did you see it?
That is correct Quan. We are close. AU continues higher until EA hits at or near that mark. Those maneuvers happen all the time and essentially is the double bounce or retest. Different people just call them different names. All the same thing though.
Stumpy!? Now that is funny. Hahaha. If Draghi is speaking tomorrow then that is the catalyst for the spike up. I think they will push it down until then and use the news as the spark we've all been waiting on.
Exactly pennies. It's not far away. That's why I was saying at or near that level not to the pip. I think it depends on how many orders were filled before the move. AU can just stall here while EA catches up, who knows for sure? It's all good if we disagree. We all can look at the same thing and have different perspectives. That's what the market counts on. That's why people like me usually buy at the top and sell at the bottom. Lol. I couldn't tell you how many falling knives I've tried to catch. I can't possibly have many fingers left haha
I'll have high blood pressure trying to figure Ihub out. Lol Quan, the best way I can explain it is that when price action makes a violent move in one direction, it leaves gaps ( or unfilled orders ) in the chart that must be filled so price returns to the level of the break or near it. Sometimes they're filled immediately and some take a little time. I came across the maneuver while searching for training videos but for the life of me I haven't been able to find them again to get the actual name so I dubbed it "snap back" until I could find it. These maneuvers happen all the time although not necessarily to pip but close. Some are front loaded before the reversal. Here are just a few on EA....
AU is not coming down until EA hits that 1.4480 level. That completes the "snap back" method. Bank on it. IMO of course. Lol
Morning All. After about a day and a half I've finally gotten all my computers online instead of trading mobile. How are we looking?
That's what I'm seeing in my research being that most HP computers or parts are manufactured in Thailand. Also this windows 10 is a work in progress apparently. It's hard to do any updates when the thing won't even boot up in safe mode. Last time I just let it work itself out. We'll see....
Pennies I spoke to soon. After that last post the boot loop started again. I mean the computer is only 4 months old and I use it strictly for trading, ihub and some Craigslist, Geez. Back to work looks like
Ok my brand new 4 month old HP computer that was running windows 10 went into an infinite bootloop so I had to dig out an old laptop from two upgrades ago to trade. After two days I have finally got it up and running. Maybe now I can actually look at some charts. Fingers crossed....
Haha those have to be some interesting conversations pennies. Ironically I have those same conversations too but I wouldn't take a sizeable long position because there's conflicting information. Or maybe just my ability to interpret them. So I jump in and out on short time frames.
Sunday AU has completed a nice big 300 pip bullish candle that took all highs since September. I think we may see basing or retesting here to 7390 level roughly but IMO she's going up to around 7600. I've been wrong b4 tho but that's my story lol
Sunday AU has completed a nice big 300 pip bullish candle that took all highs since September. I think we may see basing or retesting here to 7390 level roughly but IMO she's going up to around 7600. I've been wrong b4 tho but that's my story lol
Sunday AU has completed a nice big 300 pip bullish candle that took all highs since September. I think we may see basing or retesting here to 7390 level roughly but IMO she's going up to around 7600. I've been wrong b4 tho but that's my story lol
Trading long term and letting it ride is the best way, quan. With scalping it's easy to get caught on the wrong side IMO. I just really hate seeing 30-50 pips on the table and then watch it go back to nothing which is usually the case before it makes a larger move. I try to make twice the money off the same move on the retrace. But more than anybody, the broker benefits
You are funny quan but I took my 45 pips and ran.
Took 35 pips on AJ short. Still holding AU short for now
AU finally giving up a little bit I see.
Lol will do Pennies. I'm on I95 so I'm mobile at the moment. Waiting patiently. Ihub is probably installing full length movies on the website so we have some entertainment while we post.
Back in light at 7467 we'll see
I tried to jump back in light on an AU short and of course it still goes up. Cut my losses after 22 pips. That thing is dragging my account down. Yeah it'll tank but from what level? 76 or 78? We should've been long AU 400 pips ago. Frustrated with it at this point
I tried to jump back in light on an AU short and of course it still goes up. Cut my losses after 22 pips. That thing is dragging my account down. Yeah it'll tank but from what level? 76 or 78? We should've been long AU 400 pips ago. Frustrated with it at this point
I tried to jump back in light on an AU short and of course it still goes up. Cut my losses after 22 pips. That thing is dragging my account down. Yeah it'll tank but from what level? 76 or 78? We should've been long AU 400 pips ago. Frustrated with it at this point
Yeah that sounds about right. The trick is getting in those pairs at the right time now.
I agree pennies because with Saudi Arabia flooding the market and Iran's oil now hitting the market as well since sanctions have been lifted, then why is oil rallying?
They have been talking of leaving the Eurozone for a while now. I guess "fluff" can also move the market.
Haha I think I'll just watch AU from the sidelines. NU does the same anyways looks like. I have a lot of catching up to do this week. I haven't even looked at the news releases this weekend. Just going over charts.
Yep just took 17 pips on NU short with the same pattern Just because AU has pissed me off. Lol. Waiting on the retest of highs before I jump back in.
That makes sense pennies. Wise men indeed. I have been known to jump in with a size larger than I should. Which is the reason why I jump out so quickly. After about 20 to 30 pips, I chalk it off as a bad entry then I'm usually out. That's not even breathing room for the market. So it's a learning process....still.