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Old 05-14-2008, 05:49 PM
rogan rogan is offline
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Thanks Nick..

So, I'm updating to show what I have on the table for trades this week:

S/R lines

209.00 Long

Scalp lines

203.77 Short. I have just placed this on my chart as we had 2 hits from it. I think it's a valid scalp trade. It's not a normal "bounce" scalp, but I think it's valid.

201.51 Short.
199.78 Short.
198.04 Short.

I'm also thinking of going Long at 205.10 line. Will probably trade it like a scalp though.
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Old 05-14-2008, 05:59 PM
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Looks good.

I wouldn't touch the 205.10 but otherwise all your lines are great.
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Old 05-14-2008, 07:43 PM
rogan rogan is offline
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Quote:
Originally Posted by NickB View Post
Looks good.

I wouldn't touch the 205.10 but otherwise all your lines are great.
What are your thoughts on the 205.10 Nick, any particular reason for staying away ?

I see a triple hit now very close to it on 4hr chart - gotta be worth a scalp hasn't it ?
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Old 05-15-2008, 09:44 AM
rogan rogan is offline
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Trading for week 20 - May 12-16 2008

15/5/2008 07:30 Short Scalp GBP/JPY 203.75 : -30 PIPs
Missed my T/P by 2 pips !!! I wasn't watching at the time

Running total so far for week 20:

Scalp trades : -30 PIPs
Nick B S/R trades (4hr) : 0
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Old 05-16-2008, 03:17 AM
mackgren mackgren is offline
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Quote:
Originally Posted by rogan View Post
Trading for week 20 - May 12-16 2008

15/5/2008 07:30 Short Scalp GBP/JPY 203.75 : -30 PIPs
Missed my T/P by 2 pips !!! I wasn't watching at the time

Running total so far for week 20:

Scalp trades : -30 PIPs
Nick B S/R trades (4hr) : 0
Yeah I lost money on that too. This week seems way more volatile and less predictable then normal.
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Old 05-16-2008, 10:19 AM
rogan rogan is offline
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Trading for week 20 - May 12-16 2008

15/5/2008 07:30 Short Scalp GBP/JPY 203.75 : -30 PIPs
16/5/2008 09:45 Long Scalp GBP/JPY 203.51 : +30 PIPs

Running total so far for week 20:

Scalp trades : 0 PIPs
Nick B S/R trades (4hr) : 0 PIPs
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Old 05-21-2008, 11:02 AM
rogan rogan is offline
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Updating to show what I have on the table for trades this week:

S/R lines

204.82 Long
209.00 Long

Scalp lines

202.70 Short. I have just placed this on my chart as we had 2 bounces from it.
201.51 Short.
199.78 Short.
198.04 Short.
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Old 05-21-2008, 03:38 PM
rogan rogan is offline
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Quote:
Originally Posted by rogan View Post
Updating to show what I have on the table for trades this week:

S/R lines

204.82 Long
209.00 Long

Scalp lines

202.70 Short. I have just placed this on my chart as we had 2 bounces from it.
201.51 Short.
199.78 Short.
198.04 Short.
EDIT: I have removed 202.70/60 scalp from my chart. Just not sure about this one.
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Old 05-21-2008, 05:31 PM
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OK - so now I see a long wicked bullish candle ( practically doji ) formed after the down trend.. The nearest placed line moving up I think is 204.09, so could be a trade to go long on the break of that.
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Old 05-21-2008, 06:12 PM
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Quote:
Originally Posted by rogan View Post
OK - so now I see a long wicked bullish candle ( practically doji ) formed after the down trend.. The nearest placed line moving up I think is 204.09, so could be a trade to go long on the break of that.
Wouldn't the bullish candle just before kinda nullify the idea of the doji here? I think so...
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