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- Roofx replied Mar 7, 2012
Be careful guys - news coming out in 5 minutes, then more at 8.30EST. No trades for me until after news hits and we see what happens.
Interactive Euro Scalping
- Roofx replied Mar 7, 2012
She's broken the level and the next one to look at is a bounce off the lower support line at 3100 for a potential buy. This is the M5 chart
Interactive Euro Scalping
- Roofx replied Mar 7, 2012
I have chopped this trade for a small profit because price action is just too quiet. Out with +4. I will not be trading now until after the Non Farm news coming up in 15 minutes and then Building Permits are in 30 minutes. After that will look for ...
Interactive Euro Scalping
- Roofx replied Mar 7, 2012
What I mean by quiet is it took a long time for price to trickle down to this level rather than a nice strong move down, so I am not as confident in this trade and have taken only a half size position and will be chopping promtly if the support line ...
Interactive Euro Scalping
- Roofx replied Mar 7, 2012
Good morning! Yes I've just taken a long from 3121 but price action is quiet so I have entered with only 0.5% risk and will be keeping my finger on this one.
Interactive Euro Scalping
- Roofx replied Mar 7, 2012
Here is what I am looking for at some point this morning. A buy off support or a sell from the high resistance.
Interactive Euro Scalping
- Roofx replied Mar 7, 2012
Good morning guys! Who's ready for some more Euro Scalping! Let's see what we have on the table this morning. Hmmm...
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
I added you earlier and also sent you a pm with my user name about an hour ago. I've been waiting here ever since. Gotta go now, see you in the morning for some more scalping guys!
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
We're really focusing on the Euro in this thread but I'd be interested in seeing a chart of the dow setup you just took BigP.
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
That's strange. I sent you a request and it brought up a photo of you and everything. I'm on now. I will pm you my user id.
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
Hi BigPig, Thanks for coming and joining in the discussion. You are absolutely right about not using a 10 pip stop just for the sake of it but to base it on S/R. I only take trades where I don't think price will go against me more than a few pips ...
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
Oh ok cool, I'll add you and see you on a bit later.
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
No problem, yep good day's trading and discussion. 8.30 is 1.30am for me so I will see you back on the thread in the morning from 6amEST/11.30GMT
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
If price goes down to about 15-20 pips below the old 3112 line and comes up to test it and stalls I might short but only for a punt at 0.1% risk. I've had a good day with 33 pips in the pippy bank and not ready to give much back during these quiet ...
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
If anyone wants indicators I HIGHLY recommend this sweetspot indicator to help you quickly see how many pips price is moving at a simple glance. It was given to me by an old friend (I hope she is still alive and well!) and I have used it ever since.
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
It's not you, it's just trading is such an unpredictable piece of madness! Well....we say unpredictable but you and I both know that it is predictable most of the time
. But not all the time. I was looking for a break to the downside becuase of ...Interactive Euro Scalping
- Roofx replied Mar 6, 2012
When my chart turns black it's my cut off point. BUT most days I still sit here in case another setup comes. Some days good trades still come along after London close but I would drop to a lower risk percentage for these hours.
Interactive Euro Scalping
- Roofx replied Mar 6, 2012
Your Signature says it all when it comes to scalping __________________ "Feel the Fear and do it anyway!!! " I'm going to die young because of scalping, I'm telling you.
Interactive Euro Scalping