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hoss replied Apr 23, 2009Thought about that one but laid off. I was scared that is was heading toward the daily pivot at 76.
EUR/USD Scalp 1 min
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hoss replied Apr 23, 2009Guys, Just make sure you are using that indicator only in tandem with other confluences. You'll notice that when price really decides to break it can stay outside that level for a while and may put you in a bind if you get in too early. Use it only ...
EUR/USD Scalp 1 min
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hoss replied Apr 23, 2009The results are the same, just not using the same kind of money. I wish I was! How do you do on the 15 minute?
EUR/USD Scalp 1 min
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hoss replied Apr 23, 2009I agree an alert would help. Yes, if you put envelope bands around your 200 ema at 30-35 pips, you can see that price definitely does not like to go far beyond that. When it does, it will go on a run and can stay outside the envelopes for 30+ ...
EUR/USD Scalp 1 min
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hoss replied Apr 22, 2009Colbru, Yes, they were middle of the band. I "knew" the price was not going to bust out any further north. (99% sure). There was a flag pattern on the 5 minute and this was basically the tail end of the completion of it. So basically every time the ...
EUR/USD Scalp 1 min
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hoss replied Apr 22, 2009Lit the Euro up today. Check out the divergence. This was after exhaustion after a flag pattern as well. If all you did was wait for days where stuff lined up like this, it is hard not to make money with this. Remember to let price take off on you. ...
EUR/USD Scalp 1 min
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hoss replied Apr 22, 2009Yes, that is what that means. As for your money management, you may want to scale back even more if you think you are getting out too quick. Try a way to have enough to comfortably enter 10 times until price goes your way. You probably won't ever ...
EUR/USD Scalp 1 min
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Trading Against Lagging Indicators
Started Apr 21, 2009|Trading Discussion|1 reply
Between my trading I am always looking for new angles. We all know that lagging indicators, ...
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hoss replied Apr 21, 2009Yes and no. Here's why. Yes, because it looks as though you got in at a price outside the bands. No, because it doesn't look like price is coming up to a Murrey/Pivot, and it looks like the first push outside of some consolidation or channeling. You ...
EUR/USD Scalp 1 min
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hoss replied Apr 21, 2009Everybody remember, this is essentially a method that picks tops and bottoms which can be quite dangerous to those that are new. Please demo for a while until you get the feel of it.
EUR/USD Scalp 1 min
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hoss replied Apr 21, 2009That's annoying. It's hard enough to make money, and then you have the bucket shops to deal with if you win too much.
EUR/USD Scalp 1 min
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hoss replied Apr 21, 2009Yes, I average in more than once. Not often, but I have. I have a mental stop loss of around 10% in my head that I am willing to lose. It sounds like a lot, but again, it keeps me focused on that initial entry. I rarely get close to it. To answer ...
EUR/USD Scalp 1 min
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hoss replied Apr 21, 2009What's up? Yes, I am using the RSI against price, but MACD, Stochs, etc., will all show divergence as well.
EUR/USD Scalp 1 min
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hoss replied Apr 18, 2009In addition to a scalping system that I use, I also like trend line breaks in the direction of the longer term trend. Essentially I am taking advantage of getting back in on the trend after a retracement is over. I do trade like somebody earlier had ...
Trendline Break (The Only System You Need)
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hoss replied Apr 17, 2009Very true. Once you get past lagging indicators and use your discretion, all sorts of things open up to you.
EUR/USD Scalp 1 min
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hoss replied Apr 17, 2009Nice job. You must be seeing the set ups well. Not sure about the alerts. And yes, many days when I am on target, I don't average in at all. The key is to be patient and let the price move, then jump in when you've got divergence or a nice push back ...
EUR/USD Scalp 1 min