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mikeylp replied Jun 8, 2012Regardless: I see that you are proud of your people (the girls in your profile picture)
Agree regarding the 2600... Currently short for daily since that star candle, and momentary long for a small retracement with TP below 2520.EURUSD
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mikeylp replied Jun 8, 2012If it retraces now, then I would bet for 2520, BAT fib38.2 retracement.
EURUSD
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mikeylp replied Jun 8, 2012Even though his EA "showed" us some good performance, some graph which I am skeptical about it. But regarding the news, I learnt not to go to the main ForexFactory.com web page to see the news because the Fundamental is out of my strategy. The only ...
EURUSD
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mikeylp replied Jun 8, 2012Any force is Harmonic and has retracements, Fibs ratios and R/S, I am short and long for many pairs, depending on the TF, I don not mix them, different positions: TOM - There are many 1D bar candles which I listened to... image
EURUSD
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mikeylp replied Jun 8, 2012For me EU needs to drop to.... well as wee speak the current level, and we have a BAT pattern, I expect fib31.8 if not then SL. image GU: Some good retracement is expected in a moment, if not then SL. image
EURUSD
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mikeylp replied Jun 8, 2012A weekly TF maybe but here is an idea: 1: use pre-defined Risk/Reward at least 1:2 2: Use several points for TPs, which will bring Risk Free after first or second TP 3: SL, Update SL for long (time) positions *** Don't take trades when panic (a ...
EURUSD
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mikeylp replied Jun 8, 2012Hello Everyone, Some quick thoughts for next hour EU - 8Pips range Expect only retracements, the daily candles for many pairs including gold are strong. image
EURUSD
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mikeylp replied Jun 1, 2012You have a nice saying regarding the FEAR, but it is true until we learn to accept the unknown for any given moment and trust the system (whatever we learnt), accept the loses without fear and hesitations, then we are fearless, though in the market ...
EURUSD
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mikeylp replied Jun 1, 2012EU - 8pips range possible outcome for ABCD pattern (AB=CD, AB-Fib-61.8 = BC) image
EURUSD
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mikeylp replied Jun 1, 2012The range is still in its move - I use RSI - 7 just to catch the over bought/sold and MACD to confirm it. I do not do my trades based on OSCILATORS, just to confirm divergence. (I built a script for these range trades, it plays me asound whenever a ...
EURUSD
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mikeylp replied Jun 1, 2012Whoever trade the UJ, there is a good opportunity, for me TP1 is a must target and the SL just below .886 fib image
EURUSD
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mikeylp replied Jun 1, 2012No it's 8pips range - it's not a time frame, it's a range frame, new bar when it forms 8pips move.
EURUSD
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mikeylp replied Jun 1, 2012cheers all... EU long at 8pips Range Though My TP as is ilustrated but it's dynamic as it is moment trades. image
EURUSD
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mikeylp replied Jun 1, 2012And it's great, now short from 1611 with tp 1587 and then whatever support and candles will show us Other Pairs, EU including, not enough signs for short, waiting for my patterns to compete image
EURUSD
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mikeylp replied Jun 1, 20124 potential trades for the end of this Hour (short all) EurUSD , get its support and as well as other, AUDUSD, GBPUSD and GOLD (EJ there too). For me 2 scenarios for each, they all retraced in the same fib-61.8, resist at previous levels (either ...
EURUSD
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mikeylp replied Jun 1, 2012For those who trade Gold, there is a butterfly forming, waiting for this hour to end, to see whether the butterfly pattern is breached, if not, short to fib retracements. image
EURUSD
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mikeylp replied Jun 1, 2012Mates.... hold your shorts, wait a bit, in case you already in, it would retrace upto 1.25, (if not, well... than it's time to short) Though quick 4 pairs with long positions all to TPs, the big hammer (some Doji) did the work (EU, EJ, AU and GU) ...
EURUSD
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mikeylp replied Jun 1, 2012Are you using range as TF for your scalping (I assume you are since your nick states so)? you can use many opportunities and they are not time depended.
EURUSD
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mikeylp replied Jun 1, 2012only one, the last one which is combined in my calculation and it is 30pips
EURUSD