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Rag2RichesFX replied Oct 10, 2012meh, i had my take profit set for 422 and it hit 409 (probably 414 ask) for me, close enough to 35 i dont think this 35 level will break until London
EURUSD
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Rag2RichesFX replied Oct 10, 2012odds of going higher before putting in LH or even wiping out 2835 completely are VERY VERY slim when divergence is inevitable liek this no matter how high we go we will put in hidden bear, (unless we could somehow crack 2960..)
EURUSD
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Rag2RichesFX replied Oct 10, 2012standard and poors cuts spain two notches, unscheduled reason for the e/u move down not to mention that relief rally was pretty much done for anyway didnt pull out the big shorts but got some little ones in at 98 target 2800-2770 before liquidation ...
EURUSD
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Rag2RichesFX replied Oct 10, 2012long from asia yesterday banked @ 75 for +30 short from 98 banked @ 78 for + 20 (more lev than countertrend long, so even though less pips, more profit) successful day if she wants to go higher than 2910, 2930/35 is next or even 2950 i think of ...
EURUSD
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Rag2RichesFX replied Oct 9, 2012i just meant for a scalp, market conditions are definitely scalpable right now i am long for relief rally
EURUSD
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Rag2RichesFX replied Oct 9, 2012shorting 50/55 after that last down move and ideal looking retracement was almost no brainer

EURUSD
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Rag2RichesFX replied Oct 9, 2012it doesnt always work but it does a lot of the time, its the highest probability indicator i have found not just for trend continuation but for reversals or pullbacks as well (which is helpful for getting a good take profit without a demand area) ...
EURUSD
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Rag2RichesFX replied Oct 9, 2012to me gold looks like it wants to test 1770, maybe means pullback in eu
EURUSD
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Rag2RichesFX replied Oct 9, 2012rsi for divergence and moving averages are all i use now (for indicators)
EURUSD
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Rag2RichesFX replied Oct 9, 2012Took a 10 pip loss on half 15 pip win on the other, but i re entered @ 40, where you originally thought we might see a bounce
EURUSD
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Rag2RichesFX replied Oct 9, 2012i closed half @ 73 and will put the rest stop under 50. could just be putting in the typical W bottom first i still have faith in more relief back to 1.29
EURUSD
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Rag2RichesFX replied Oct 9, 2012and turned to $86 million you are saying? very impressive, never met the guy but always hear about him i would trade SP only too if i had that much, dividend yield on millions must be nice..
EURUSD
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Rag2RichesFX replied Oct 9, 2012wouldnt at all be surprised if you are serious i would love to reach 1/10 of that so i can move on
although id never move on fully, just stop day trading once i was a market mover.. as it would be somewhat ineffective anyway (at least scalping)EURUSD
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Rag2RichesFX replied Oct 9, 2012i dont mess with divergence, long in the green 18 pips now i have 6 strategies which i dont mind sharing the parameters of stop and type of trade #1 scalp with the trend, 10 pip s/l target 5-10 pips. no more trades after making 10 pips for day or ...
EURUSD
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Rag2RichesFX replied Oct 9, 2012technicals still come into play (who would buy after a 650 pip straight up move from 2500, especially with weekly/monthly hidden bearish divergence) and purchases of MBS are not as inflationary as purchasing of treasuries only thing acting very ...
EURUSD
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Rag2RichesFX replied Oct 9, 2012now is a really good time to scalp with 5 pips hard s/l and TP ( a strategy im really liking lately)
EURUSD
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Rag2RichesFX replied Oct 9, 2012surely but markets still trade back into efficiency, just look at Euro aussie get pounded for moving in a straight line like that im getting divergence now on bigger scale so i will wait until higher levels to short again actually took small long ...
EURUSD
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Rag2RichesFX replied Oct 9, 2012im honestly expecting relief back to 1.29 soon... which i will then start shorting again but if it consolidates long enough it wont have to retrace
EURUSD
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Rag2RichesFX replied Oct 9, 2012this 2 day close is very bearish, but running into trendline support all over. should be an interesting rest of the week
EURUSD