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Piitb replied May 1, 2008Yeah buddy! Finally broke that ridiculous consolidation range. We might be seeing some continuation here. Good luck Mike

Scalping the pip out of it
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Piitb replied May 1, 2008I got a little hot under the collar and I got out at an 8 pip loss. I think that this is still going south! Scalp the pip out of it!!!
Scalping the pip out of it
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Piitb replied May 1, 2008Although that did not go as I would have liked it to,
I am still totally ok with my trade.
: It is hard to understand what the yen currency pairs will do in the asian session. I had a fib at a previous consolidation range which acts a wide ...Scalping the pip out of it
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Piitb replied May 1, 2008They do not have an emoticon for sweating profusely and biting fingernails

Scalping the pip out of it
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Piitb replied May 1, 2008I would love to get in behind this one with a trailing stop. We are in a pretty good down trend. The only problem is positive MACD divergence on the 1hr and 4 hr. It could go either way!
Scalping the pip out of it
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Piitb replied May 1, 2008So what I have here is a coupld of things. First is the obv. Stoch is over bought on 5 and 15 minute charts. This is price action at the 50EMA on the 60 min chart. It is also hitting the 200EMA on the 15. And last but not least it is hitting a fib ...
Scalping the pip out of it
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Piitb replied May 1, 2008I am short EJ 161.82 will follow shortly with chart
Scalping the pip out of it
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Piitb replied May 1, 2008Cowboy trade. — This is definitely more of a cowboy trade than I usually take. And I prolly would not mention it except that it is important to see how price reacts to certain indicators. We have price hitting the 50 EMA. Stoch is over bought ...
Scalping the pip out of it
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Piitb replied May 1, 2008Discretion — Howdy Y'all
I want to talk a little bit about using discretion in a trade. This is likely the most difficult thing to do! I post a lot of my setups here, and for the most part I find that price goes my way. I also see a lot ...Scalping the pip out of it
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Piitb replied Apr 29, 2008So here is the thing. Yes I put my stop loss too tight. I didnt want to have more because this wasnt going to be a big trade. The other thing is I got in right before roll over going the wrong way.
I had to go to dinner and set the stop ...Scalping the pip out of it
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Piitb replied Apr 29, 2008I have to go to dinner. I have my stop and my limit in place. I will post when I get back as to how it played out. This is a very interesting consolidation. Price has not moved more than 15 pips for that last 45 minutes. This is not a usual price ...
Scalping the pip out of it
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Piitb replied Apr 29, 2008This trade is really starting to piss me off.
I think I might take only a 5 pipper if i can get it. I have to go to dinner in about 20 minutes! I forgot about the carry trade. Because I am short I will have to make up three more pips in this ...Scalping the pip out of it
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Piitb replied Apr 29, 2008Maybe now that the carry trade has been paid we will see some of the buying pressure ease up
I dont really like this trade anymore. Because it played out my stochastic and didnt move very much. I will be looking to get out sooner.Scalping the pip out of it
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Piitb replied Apr 29, 2008If I make any new lows. I am moving my stop loss. Of course trying to get breakeven. The market is really jumpy right now.
Scalping the pip out of it
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Piitb replied Apr 29, 2008The yellow tag is my stop. The blue tag is my position in profit over the spread. I am very happy with this trade even if i get stopped out, I take this trade all day every day!! Maybe I can get this one for like 20-25 pips. It has some good ...
Scalping the pip out of it
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Piitb replied Apr 29, 2008I have some good scalps indis here. Fibs at previous support/resistance. Also I Have stoch overbought and RSI I almost hope this one goes against me so I can show how I exit.
I will take this for about 10 pips if I can
Scalping the pip out of it