Interesting swings here.... 40 - 70 - 40 40 - 75 - 45 45 - ? 985/90 or 915/10 ??? TLs and volat say channel is up

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

New bounce from 60.5 next through 75 again and onto 90 and above and then the meat of this move begins...it's just forming a base right now. It will probably continue to go up until 1 day or 1/2 day prior to next weeks actual announcement, unless ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

that should be called 962 or 62.5 or if you are going to use 3 digits otherwise the full or 5

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

make sure your conviction includes a market / chart based stop

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

You're in the trade so stick with it with conviction or get out. You were in doubt and had a chance to take it off This is the advantage of trading with limit orders. Short at market and you would have been already stopped. pip Perfect entries are ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

when in doubt, wait or get out, opportunities come and go, so does capital if not careful.

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Also don't think that they will raise by 25bp if they do. 25bp is a TECTONIC shift in one go as far as the global economy goes...EUROPE is at negative and Japan is near 0. if they raise dec/jan it will be 10p at first IMO, unless there is some ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

this is getting juicy. I think whoever shorted at 70 was basically a huge seller faking it to get more underneath... basic move is looking like day before yesterday only more volatile because of hike RUMORS by investment banks...fed is not that ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

can I ask...who did you choose to trade with and what's the day trade margin

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Algos are hitting 970 and 940, next time up 1.10 and run up after, it's not what anyone expects right now.

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Gotta love this volatility today. A surprise move over back 50 and watch the short covering begin....if it stays above 25 here.... 1.1075 by this evening... image

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Some of the stuff in the books is outdated like the CME/CBOT floor trading stuff. Many/most of those pits have gone almost 100% electronic. However, the principles and mindset APPLY 100%. IN fact, the traders who were pit traders then are off floor ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Right. Sorry. MARKET WIZARDS. You can get the first one in PB not sure about the 2nd one.

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

suggestion: find yourself used copes of 1. Trading Wizards by Jack Schwager 2. Trading Wizards 2 by same They will give you insight, ideas, and inspiration, and show you what you are involved with...Do not trade until you've fully read both of these ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Come on man. You sound like a sharp kid. This is one of most difficult and challenging games on the planet, you gotta take it seriously. You're competing with the brightest minds everywhere.

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

5mn V is strongly up now and fifteen is in process of turning up...this is another strong swing up

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

On another fx site a few hours ago, there was news that a Major French Bank thinks that next week the fed with raise 25bp and thinks dollars should be bought. Of course they're not going to temporarily fu their rep like GS did last week by making a ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

Your sl is too simplified. If you are going to trade like that and you are getting slammed with 10 and losing them all at 10, then the solution is soooo simple. When you see something and think "Oh I should buy/sell..." then put in a limit buy/sell ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

You have/had BE+50 potentially here, it came back to +1 very quickly, either: 1. you didn't have faith in the trade to begin with, in which case you should not have taken it, or 2. you thought the market dynamics suddenly changed (doubtful you ...

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only

If you are looking at a chart to enter.... put stops where you think they might not reach...not because it's 5/10/15/20/25/30 etc

EUR/USD: IntraDay Scalping and Short Term Swing Trading Only