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| Forex Trading- Entries, Exits, Guesses, & Charts FOREX Market Currency Exchange trading. FOREX Market daily trading and plays |
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05-23-2010, 05:01 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Lets scalp the Forex
We have a 35 point gap down on the open.
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05-23-2010, 05:03 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
We have a 35 point gap down on the open.
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I think the bias this week is bullish from what I have read. Many folks thinking its a major correction to the 1.3000 area.
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05-23-2010, 05:04 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
I think the bias this week is bullish from what I have read. Many folks thinking its a major correction to the 1.3000 area.
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Probably some slow going today out of the gate. If I pull the trigger expect only a few pips of 1 to 10 at the most.
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05-23-2010, 05:05 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
Probably some slow going today out of the gate. If I pull the trigger expect only a few pips of 1 to 10 at the most.
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I had a real nice week last week of over 2000.00 scalping. That doesn't count my long trades, which I still have 2.
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05-23-2010, 05:06 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
I had a real nice week last week of over 2000.00 scalping. That doesn't count my long trades, which I still have 2.
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My goal for the week is always 1000.00 scalping. If I enter a long trade I will post it as such and it will not count towrds my total on scalping.
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05-23-2010, 05:09 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
My goal for the week is always 1000.00 scalping. If I enter a long trade I will post it as such and it will not count towrds my total on scalping.
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At the end of last week I was just playing using a mini lot. It was fun not worrying about profit and just palying price action.
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05-23-2010, 05:10 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
At the end of last week I was just playing using a mini lot. It was fun not worrying about profit and just palying price action.
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Not eough action right now but that going to change begore to long.
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05-23-2010, 05:57 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by greencat
Not eough action right now but that going to change begore to long.
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Still waiting for a good setup. I need more movement to read the charts correctly.
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05-23-2010, 06:06 PM
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Jedi Initiate
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Join Date: Apr 2010
Location: Upstate NY
Posts: 10
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Re: Lets scalp the Forex
so i take it you only scalp the EUR/USD? is there a reason you do not play in the other pairs?
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05-23-2010, 07:18 PM
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Administrator
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Join Date: Jun 2007
Posts: 13,100
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Re: Lets scalp the Forex
Quote:
Originally Posted by mentalmoron
so i take it you only scalp the EUR/USD? is there a reason you do not play in the other pairs?
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Yes, the reason is I concentrate on 1 pair. I follow that pair with several chart open to try and get a good reading on it. Scalpin is an in exact science and its better to follow the signals when in conjunction with higher time frames. Example. I watch the sto but if I take a trade off the 1 min chart the sto on the 1 and 5 should be in the same directions. I break this rule sometimes st heavy support or resistance.
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