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Scotty B replied Jan 8, 2019If the long works, we're about to get our pin bar. This thing might drop down to 1.3175--another key level, be careful, don't submit a limit without a stop attached.
USD/CAD
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Scotty B replied Jan 7, 2019Just bringing this pair to everyone's attention, we're getting close to a possible bounce to the upside. Could happen this week or next, we're ~ 1500 pips from a sweet spot. Always use a stop of course, things could get wild with Trump's government ...
USD/MXN -- US Dollar / Mexican Peso
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Scotty B replied Jan 7, 2019Just popping in to say I agree with the bullish sentiment, we're in a possible acceleration zone to the upside. I'll be surprised if the current lows aren't swept a couple times first before we shift up, we'll want to see pin bars on any bars that ...
USD/CAD
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Scotty B replied Jan 2, 2019My long isn't dead yet, but close. The hope would be a long wick on the daily with a close near or above thatv138 level. If 138 is resistance.. My stop is history. Gonna ride it out and see what happens.
Dragon Riders GBP/JPY
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Scotty B replied Jan 2, 2019To attack my own confirmation bias, the opposite is also true. The ask side could be building a further trade south. The buyer's stops will allow the bears to unwind, all depends on which side of the market the majority of retail is on, hopefully ...
Dragon Riders GBP/JPY
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Scotty B replied Jan 2, 2019Lots of bouncing along and above 138, bid side looks heavy = profit taking and hopefully reverse position building, time will tell.
Dragon Riders GBP/JPY
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Scotty B replied Jan 2, 2019We're in interesting territory. 138 could be an acceleration point to the upside, back to 144. If we blow through 138, 134.5 might be here before we know it.
Dragon Riders GBP/JPY
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Scotty B replied Jul 23, 2017The market of course doesn't always react to fib levels, but it really doesn't have to react every time for you to use your fib efficiently. I often use my fib retracement tool to gauge trend strength. If I saw a strong wave in EURUSD, for example, ...
fibonacci levels - reaction and no reaction
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Scotty B replied Jul 23, 2017When this discussion falls back into the realm of trading, I think the question might become, in a market, can we have 100 winners and just 1 or 2 losers? That question and number is a bit extreme, but how about 10 winners and 1 loser (liquidity ...
can we calculate a Lottery in which all wins
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Scotty B replied Jun 14, 2017Borrowed from Schwager's Market Wizards book, a quote from the famed mutual fund switcher, Gil Blake: “I’m not a big fan of diversification. My answer to that question is that you can diversify very well by just making enough trades per year. If the ...
What was your "holy grail"?
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Scotty B replied Jun 5, 2017I like where this thread is going, there are very few traders in the world, even on the tier 1 interbank who are versed in Covfefe methodology. Not surprised by your big gain, I'm surprised you'd just give away the holy grail like this.
COVFEFE methodology
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Scotty B replied May 27, 2017I hate stepping into what is a bit of a hornet's nest right now, but I have to disagree here. At the end of the day, I have Darkstar's back. He is the one who started talking about the whole "orderflow" concept here at FF years ago. He didn't invent ...
OrderFlowTrading.com - Become a Market Predator
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Scotty B replied May 26, 2017Two more: trading homework for the weekend, watch these a few times. video Watch how the liquidity, I mean birds respond to the predator and vice verse: video
What was your "holy grail"?
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Scotty B replied May 26, 2017You're probably making a very common, but easily missed mistake. When you open your trade terminal, you should see a huge list of currency pairs available to trade. I will tell you, it is not only possible to pick the wrong direction of a market, ...
What was your "holy grail"?
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Scotty B replied May 26, 2017Hopefully you didn't quit your schooling, trading is a tough endeavor and to do it successfully you need to be well capitalized. I'm not saying that your current path can't work, but having a degree will help land you a job that will provide both ...
What was your "holy grail"?
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Scotty B replied May 18, 2017Another pet market of mine. We're right at 19 Pesos/ Dollar. Possible turning point, I'm in short. There has been news the past few days stating that Mexican officials are beginning to relax about Nafta. We could see some decent flow begin to come ...
USD/MXN -- US Dollar / Mexican Peso
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Scotty B replied May 18, 2017Another quick note, regarding the timing of this trade, we are just now knocking at the 3.6 level. Given the sequence of events over the last several days, this could be a decent entry opportunity..time will tell.
USD/TRY
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Scotty B replied May 18, 2017So based on PA and further thinking/ research, I am now long the Lira (short USDTRY). We just hosted Erdogan here in the US and I think the meeting went well. I think this may begin to restore foreign investor confidence and mark a turning point; ...
USD/TRY
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Scotty B replied May 13, 2017Yes, but it's relative. In just the last few days I'm in the black by 2000 pips. The pip value is pretty small so that huge spread you see doesn't hurt as bad as it would seem.
USD/MXN -- US Dollar / Mexican Peso
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USD/MXN -- US Dollar / Mexican Peso
Started May 12, 2017|Interactive Trading|96 replies
I searched around before creating yet another thread, I was surprised this thread didn't ...