- Search Energy EXCH
-
Piitb replied Apr 20, 2008Halfway there
Let me know if you are with me!!!Scalping the pip out of it
-
Piitb replied Apr 20, 2008Because price pushed into positive territory i move my stop loss up to maybe 15
Scalping the pip out of it
-
Piitb replied Apr 20, 2008I put my SL at about 21 and my target at the 50 EMA

Scalping the pip out of it
-
Piitb replied Apr 20, 2008I have a fib level and my stoch and rsi is lining up. Not the greatest confluence but my stop is small so why not?
Scalping the pip out of it
-
Piitb replied Apr 20, 2008First one of the week — I am getting in here cause i think that the market is rhythmic and should come down for a nice small scalp. I still think this pair is long though
Scalping the pip out of it
-
Piitb replied Apr 18, 2008There is some pretty gnarly negative MACD divergence on the daily chart. I dont really like any of my possible short entries although i think that the dollar will rally very well soon. A lot of people are looking for further collapse of the dollar. ...
Scalping the pip out of it
-
Piitb replied Apr 18, 2008Yeah the UJ went about thirty pips shy of that. I could see it jumping up and triggering some orders. I dont have fridays earnings anywhere on my radar. And by radar I mean the Forex Factory main page. hehe. LOL Any predictions for the week to come? ...
Scalping the pip out of it
-
Piitb replied Apr 17, 2008Another JPY indication — Here is a 4hr chart showing the setup for negative MACD divergence. It hasn't closed the 2 line MA in MACD yet so it is not complete. But this is another reason for my prediction the the GJ is going to go down. I would ...
Scalping the pip out of it
-
Piitb replied Apr 17, 2008Interesting point. I think that there probably is some value to paying for a level 3 data feed. Some of us however have to work with what we are given. I do not mean to sound condescending if I say that I am able to scalp with brokered free ...
Scalping the pip out of it
-
Piitb replied Apr 17, 2008Price coming down? — So here it is! I think price is coming down. Price on the GJ is hitting the 50 EMA on the daily chart. As well as overlapping fibs and a daily pivot. I am a little late on this by almost 60 pips. Anyways. I am seeing price ...
Scalping the pip out of it
-
Piitb replied Apr 17, 2008204.43 fibo
might retrace to 202. 50EMA on daily chart is engaging price now!!! Also 203.05 and 202.20 are FIB and pivot's. Price is at overlapping fibs right now along with 50EMA on daily chart and Daily Pivot Looking good Kirm.
I ...Scalping the pip out of it
-
Piitb replied Apr 17, 2008I understand that you are from poland. There will obviously be a language barrier. But I will try my best to explain simply

Scalping the pip out of it
-
Piitb replied Apr 17, 2008Okay, the way that I use the 50 EMA is for confluence or confirmation. I need SEVERAL indicators to help with my analysis. The only time that i look for bounces off of the 50 EMA is when price is trending up or down at more the 45 degrees. This ...
Scalping the pip out of it
-
Piitb replied Apr 17, 2008I use overlapping fibs to increase accuracy of bounces. I look for them on all timeframes. More importantly I look for previous bounce points(price rejection) to line up with Fibs for entry.
Scalping the pip out of it
-
Piitb replied Apr 17, 2008I wanted to touch on a little common sense trending. In the attached chart you can see that price keeps trending up. Woohoo!
What does this mean in terms of entries. Okay here we have a lot of information. We have a lot of stochs. A lot of ...Scalping the pip out of it
-
Piitb replied Apr 17, 2008This is me! — It is about time you know who is talking to you. This is me! If you want to know anything about this market ask! I have an understanding of economics and I Know indicators. PLEASE ask me anything. EVEN IF YOU JUST WANT TO TELL ME ...
Scalping the pip out of it
-
Piitb replied Apr 17, 2008If you guys havent heard the song " remember the name" by Fort Minor I would suggest you download it. It is basically my trading anthem!!
Scalping the pip out of it
-
Piitb replied Apr 17, 2008I will take into account your very valid points. I hope to see more of your " technical analysis" on this forum. LOL
Scalping the pip out of it
-
Piitb replied Apr 16, 2008Do less accomplish more — This is the key point when scalping becomes something a little more. When you can see a clear direction. Market flow on 1 hr is up. Higher lows. And you have a fundamental backing of your trend ie. carry trade, You ...
Scalping the pip out of it