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MidasFX replied Jan 29, 2012Its definitely possible that these sentiments could drive up the eur/usd. but these are only weekend fundies ( not my dept. ) it could go up it could go down, no one in the retail markets will know until it happens. lol
EURUSD
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MidasFX replied Jan 29, 2012Well the rumor is... — SYDNEY, Jan 29 (IFR) - Greece and its private creditors said on Saturday they were in the final stages of piecing together the final elements of a debt swap that would chop 100 BLN EUR off Greece's debt burden. Greek ...
EURUSD
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MidasFX replied Jan 27, 2012It's great how some people trade with no indicators, and others put so many indicators and oscillators on their charts you can barely see price action and it looks like clown vomit. The best part is you can be successful either way.
EURUSD
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MidasFX replied Jan 26, 2012past few nights around this time there has been a lot of false moves. I've taken a few losses because of it ( breakouts /pattern setups ). Not enjoying this session as much as I used to.
EURUSD
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MidasFX replied Jan 24, 2012I know its off topic, but what a crazy spike on the usd/jpy. I bet that has a few people scratching their heads. lol
EURUSD
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MidasFX replied Jan 22, 2012I already told you why one would scalp. you hold your trade for 24 hours and euro moves 80 pips. at most you can make 80 PIPS! a scalper can exploit the heck out of it and gain way more then 80 pips in just 1 session never mind 24 hours. you really ...
EURUSD
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MidasFX replied Jan 22, 2012I risk less than 1% on scalps and less than 3% on breakouts, patterns, news, and gaps and between 1-5% on swing trades.
EURUSD
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MidasFX replied Jan 22, 2012~ Update Since the price has gone into the MA cloud on the 15m chart signifying confusion/ consolidation I cannot take any trades. 30m chart still says short, 15m is not clear = no trade setup. image
EURUSD
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MidasFX replied Jan 22, 2012That is truly a naive thing to say. Scalpers are the majority of retail traders that fail in these markets because they see scalping as instant profits and instant gratification, which then leads to rule breaking and over trading. Scalping Forex ...
EURUSD
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MidasFX replied Jan 22, 2012I find it funny how scalping is always stereotyped as a 5-10 pip super short term trading strategy. Scalping is to just take a chunk out of the overall trend. so whether you want a 5 pip scalp or a 50 pip scalp, its all the same. your going short on ...
EURUSD
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MidasFX replied Jan 22, 2012I scalp anytime besides European markets. Why? because most trends DON'T start at these times, its consolidation. Breakouts are excellent during the end or beginning of trends. Many traders I know, don't trade with just 1 system. 1 system can have ...
EURUSD
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MidasFX replied Jan 22, 2012Actually one of my favorite mentors lives in the Philippines. Super nice guy, and really good at FX. He taught me everything I know about break outs strategies
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MidasFX replied Jan 22, 2012Sometimes its best to have different strategies during different sessions. I don't scalp this system after euro open, dont even like to trade it during the frankie open. Breakouts work good during those times because those are the meat and potatoes ...
EURUSD
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MidasFX replied Jan 22, 2012This is my game plan. Waiting on a signal to go short. Either color change of my dots or a break of 1.2980, which ever comes first. Price in under MA on the 30m chart ( yup ) Price is under MA on the 15m chart ( yup ) Price on 5m chart makes new low ...
EURUSD
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MidasFX replied Jan 22, 2012closed my longs with a nice profit for the day. Gaps plays worked again ^_^ now, time for scalping to the down side.
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MidasFX replied Jan 22, 2012nice! gotta love a winning trade ^_^ Im up about 30+ pips right now for about 1% of this account. image
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MidasFX replied Jan 22, 2012I got super sick at work, so i stayed home for almost a month. 24/7 in front of the computer trading and studying forex. there was 4 key components ( which i do not use anymore ) - MACD - Stochastics - very small targets. ( < 10 pips ) - once in a ...
EURUSD
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MidasFX replied Jan 22, 2012every time i try a contest its either go big or go home. other traders were having like 5000% returns in less then 1 month. i would love to say i was on a hot streak, but you cant say it was luck when you made over 240 trades and win OVER 99% of the ...
EURUSD