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Note for all.... I blew my account [B)] so all trading is demo (which does give me a certain lattitude, but I'm seriously trying to take it seriously)
Eur$ is fricken killin me , always taking out stops. There are a lot more down days than up ones recently , only trade recently to work has been a short..... so maybe I should play that direction more.
Eur/£ tho , working fine - took it all the way to 68 then reversed and now up 33 again.
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Peat,
stick with it, every day something new is learned, and on demo it's free learning
regards
Xerof
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Would folks here post their current open positions on a regular basis?
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Peat,
you can take it as read that anything I post by way of a chart with some form of commentary means I have usually (but not always) taken a position based around that. Some posts endeavour to get other feedback/confirmation of right view/serious holes in view and so on.
I'm too modest, and currently too inactive anyway (just really starting to get back into it seriously) to run a traders log :D:D
You'll get the drift from what happens subsequent to the posts, but I'll try to remember to put entries, t/p and s/l levels
Xerof
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Hi Peat
Sorry to hear about the account.
I'm currently day trading/scalping the EUR, so quite hard to put the trades up in real time.
Regards - arco
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and I thought you loathed scalpers arco hehehe...
well heres my current state, but yeh it changes a bit too...
http://img211.imageshack.us/img211/4...092100b4rq.jpg
closed out on the long Eur/GBP at .6872, looking for it to show direction from here.
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Hi Peat
Not sure if I ever said that, did I? :D
The scalper is an individual who makes dozens or hundreds of trades per day, trying to "scalp" a small profit from each trade.
The system I'm trading targets 10-50 pips per trade, with maybe only 2 or 3 trades a day.
So technically its probably not a true scalping strategy.
arco
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Peat, housework for you - scale your images to 60% before going to Imageshack, and when you get the url from the Imageshack upload, edit the bits off the front and back (the bits still showing on your post above) That'll keep the screen size tidy ;);) There's a good lad [8D]
Arco, good adaptation to non-trending markets. I guess (hope) you're still monitoring Monarch 1 in the unlikely event we begin trending.....we're due for one.....
Are you playing all the butterflies on 15 minute charts??
There's a very good scalpers formula over at www.strategybuilderfx.com in the Trading Methods and Strategies section of the forum, called Stratoblaster.
Its very profitable (now I have your attention:D:D) if you can be bothered trading the NYK session, and follow the strategy diligently, which means screen watching for hours unfortunately, and probably, being realistic, moving to the Carribean.
But then, whats wrong with that[:p][:p]
Xerof
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BTW, BIS, the CB's CB was a big buyer of cable under 1.7390 I'm hearing....
Xerof
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edited for troof (and size)
so not much has panned out over nite huh - scalping would indeed seem to be a necessity at times....
added another kiwi short as it approached 68