Thanks Shadowfx

EURUSD

Quick question Shadow. I was just wondering...in your experience...when you see a sharp push down like what we just saw--we know that there was a lot of panic and selling of the Euro. It was a lot of momentum down. On average though..when you see a ...

EURUSD

Thanks for the detailed response Pip Ventures Yep, I completely agree. A key part of this equation though is in identifying first of all if we are in a trend or if we are ranging. This would depend on the time frames etc but that would obviously be ...

Chronicles of the Price Action Scalpers

That's a good thought fxRichard. I live in Australia and so essentially our day is basically the same (timezone) as tokyo. And during the Tokyo session we usually get a lot of ranging until the London and New York open. Definitely, you have a good ...

Chronicles of the Price Action Scalpers

Hi Pip Ventures This is a great thread you have started. First off, I'd like to say that my method in its current form is not working. I have been recording my thoughts in an excel spreadsheet every day and I've come to the conclusion that choosing ...

Chronicles of the Price Action Scalpers

Announcement--It is now official...my current trading methodology sux lol..

EURUSD

i pulled my stop out. I got to work on this aspect but I truly see this move as artificial. No news has been released at this time. I think the big guys sold it down in an effort to push it lower so that they can buy it cheaper when they 'go long'.

EURUSD

the other thing is that if a person can do well at FX trading then they should be able to adapt and and do well at stock and futures trading etc

If the world goes into recession, what happens to trading Forex?

i am currently long with take profit at 1.57449 and stop loss at 1.57267

EURUSD

so how much of a danger is there that we will see a unifed world currency? Wouldn't that be a legestic nightmare for governments and banks around the world to adopt? How long did it take for the EURO to be born?

If the world goes into recession, what happens to trading Forex?

I made this post in another thread, but I just wanted some feedback from you guys Figuring out where to set the stop is a tricky thing for me at the moment. I look for stops based on support and resistance that is identifed immediately before the ...

Chronicles of the Price Action Scalpers

Figuring out where to set the stop is a tricky thing for me at the moment. I look for stops based on support and resistance that is identifed immediately before the candlestick that is currently in motion. For example, imagine being on the 30min ...

Scalping or Swing trading

but how do you define scalping? Do you define scalping as 3pips per trade or 10-11 pips profit per trade? Also, when scalping, do you agree that you should only make a scalp after it has moved in a particular direction. Kind of like lining it up and ...

Scalping or Swing trading

true.

EURUSD

Does that 60 RSI technique work on all other currency pairs for you as well as the Euro/Usd?

EURUSD

lol i'm flip flopping like a politician . I'm now short. I didn't prepare for trading properly today and I'm getting smashed every which way. (got home late)

EURUSD

i got stopped out. I'm now long

EURUSD

Many thanks. I agree with you. I have a excel spreadsheet and I write down the date and any ideas that pop into my head as I trade. Then every other day I read through the whole thing to see if there is a pattern or trend in my thoughts and what ...

EURUSD

it varies depending on the volitility. lets see..take the eur/usd I'd expect it to approach 1.57063 so on that basis I would scalp a little lower then that target. But it depends. If I go past 7pips against me then most times I'd exit the trade BUT ...

EURUSD

I'm scalping. I'm currently short on the following pairs: Eur/Usd Eur/Jpy Eur/Gbp

EURUSD