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Piitb replied Apr 29, 2008It is probably a good idea to have some charts of your own open as you read through my thread. Even if you have different indicators on your charts, if you look at my entries you might start to see correlations in your indicators!!! If you dont have ...
Scalping the pip out of it
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Piitb replied Apr 29, 2008Kind of messed up — Here is my first one this week. Sorry about my windows menu right in the freakin middle of my trade. And I also already covered this trade for 10 pips. It was quick and i got out. It will prolly go down for a bit more. Just ...
Scalping the pip out of it
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Piitb replied Apr 28, 2008The point is to find confluence. Sure there are a lot of lines, but where a weekly and daily pivot hit a fibonacci retracement, there is a higher probability of a change in direction.
GBPUSD GBPJPY Harmonic patterns and confluence of indicators
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Piitb replied Apr 26, 2008Dont listen to anyone. There is no such thing as a successful forex trader. It is actually just a ponzi scheme started by j p morgan to take over the world.
Are there any long term successful Forex investors
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Piitb replied Apr 26, 2008Hello fxRichard, I do trade my own live account.
As for how many pips I make, it is hard to say. Some weeks I do not take a trade. Other weeks I take several. I am committed to other endeavors 30+ hours a week, so I miss most of the New York ...Scalping the pip out of it
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Piitb replied Apr 25, 2008Hands Down Use Dukascopy if going international. Or MB Trading if US. Dont get caught up in a unholy demon of a market maker. Only go ECB I think that LAMM or PAMM might be quite broker specific. I have traded managed accounts with a couple of ...
Who here manages other people's money?
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Piitb replied Apr 23, 2008This is a great scalp in a range bound market. All of my indicators line up. Rsi Stoch Bollinger but more importantly Fibonacci!!!! You can see here that you could get in with the lagging indicators, but When you get in right at the Fib level your ...
Scalping the pip out of it
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Piitb replied Apr 23, 2008Stochastic signals — Important technical discretion about stochastic! Very important, you enter on a stochastic trade only when the two lines cross on come back through the trigger line! I have outlines a few places on this chart where stoch ...
Scalping the pip out of it
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Piitb replied Apr 22, 2008Classic setup — Here! This is a perfect scalp. What makes a good scalp is ENTRY, There is a really good entry here. Price Simultaneously engaged the 50 EMA on the 5-15-60 minute TFs. Also the 50 EMA on the 60 min chart was at a pivot! Not to ...
Scalping the pip out of it
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Piitb replied Apr 22, 2008There it was. A 20 pip bounce for anyone who was listening!!!

Scalping the pip out of it
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Piitb replied Apr 22, 2008Tech specs — So here are what indis I use MACD on higher TFs. Standard input 12/29/9 Stochastics on all TFs except 4hr + 10/5/3 Make sure to use SLOW RSI 14 period Only on 5 min chart 5 Lines of EMAs 5 -1 horizontal close exponential 8 open ...
Scalping the pip out of it
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Piitb replied Apr 21, 2008A bit of an odd spike. 163.3 still stands but looks like it might it might have just been a billionaire having fun!
Scalping the pip out of it
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Piitb replied Apr 21, 2008Trade setup — I like 163.30 long on EJ. I have a confluence of fibs at previous high. If rsi and stoch line up( probably ) i might just take it!!!!
Scalping the pip out of it
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Piitb replied Apr 21, 2008Here is my trade today — This is another small scalp. I am not trying to get in behind this one. Just getting a few pips and getting out. I had my rsi stoch line up with a fib at a previous condolidation range. Also it was riding a bollinger ...
Scalping the pip out of it
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Piitb replied Apr 21, 2008Hi kermut, I actually took your advice and contacted admin to see if my whole thread can be moved to trading systems. Maybe that way people will be more interested in the technical aspect of " in and out quickly" trading
I have posted most of my ...Scalping the pip out of it
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Piitb replied Apr 20, 2008If you have a paypal account i will pay you to talk to me!!!!! (just kidding)
literally 5000 people look at my post and like 4 People have anything to say? Does anybody on Forex Factory talk about scalping?Scalping the pip out of it
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Piitb replied Apr 20, 2008BTW price did come down exactly to the 50 EMA!
Scalping the pip out of it
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Piitb replied Apr 20, 2008I covered before price action got to my 50 EMA. Here is my reason. This is a scalp!!!! I am not going to marry this trade. If it goes back on me I have to decide whether to take loss or small profit. I got out at the most profit that I had seen ...
Scalping the pip out of it