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EURUSD 6E Euro
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EURUSD 6E Euro

  #1351 (permalink)
Elite Member
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trendisyourfriend View Post
Swinging or scalping they both have their plus and minus. With scalping it's instant gratification when things go as planned, with swinging it's more liberty in your hands and less stressful. I realise i am slowly drifting toward the medium and long term trading. To be sure just look at the USDJPY. One could have placed a sell two months ago and been playing golf since then.

They each have their own purpose. For me day trading is for generating income, and swing trading is for generating wealth. I day trade my regular trading account to pay the bills every month and maintain my current lifestyle, I swing trade my IRA to generate and build long term wealth.

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  #1352 (permalink)
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ding ding ding decision time for Asia....
could not make a lower low and knocking on the trend line

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Last edited by websouth; May 24th, 2012 at 10:19 PM. Reason: wrong image
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  #1353 (permalink)
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tototototot


no demand. down ....down....

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  #1354 (permalink)
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hi friends,

do u think GBP is better pair for scalping compare to Euro?

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  #1355 (permalink)
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Ali Huzaifa View Post
hi friends,

do u think GBP is better pair for scalping compare to Euro?

Personally my opinion is no, but that's just my opinion. The definition of scalping is pretty broad, I consider all my Euro trades of 14 ticks or less is a scalp, why, because I consider 14 ticks normal price rotation. If I wanted to scalp a market (and I don't) I'd start by looking at the daily average volume and daily average price range. Then I'd look at these averages during the time of day I was available to trade, the volume and range are no good to me if I'm sleeping or on a full time job.

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  #1356 (permalink)
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Ali Huzaifa View Post
yes you are correct, infect I am planning to say good bye to swing trading.

swing trading seems to be pain in ass


Ali Huzaifa View Post
hi friends,

do u think GBP is better pair for scalping compare to Euro?

Your comments have me thinking you're still in the process of finding a method/system that fits your personality and/or lifestyle. I believe this is the most important part of the journey. Compared to Amway where they offer you you a package deal consisting of a Dream, Method and Lifestyle, trading is much different.


Last edited by Cashish; May 25th, 2012 at 05:50 AM.
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  #1357 (permalink)
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I am sure MANY MANY accounts went broke in last few days....

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  #1358 (permalink)
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I think now its time for bulls to step in, 2500 is psychological number.

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  #1359 (permalink)
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If we do break below 2500, I show next nearest support is 2384.

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  #1360 (permalink)
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I am long 2516 with small stop, big target.

If we start to move up I believe there will be a nice squeeze.

But, risk off weekend, so who knows. I am betting long.

Mike

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