XXX Confluence Scalping Method - Page 2
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Thread: XXX Confluence Scalping Method

  1. #11
    Quote Originally Posted by ;
    We have various techniques. I exchange with targets, and I am looking to scalp long term S/R instead of ride them. I ride them also occasionally, but I am simply posting scalps here. I'm simply trying to reinforce the fundamentals of market mechanisms to newer traders who may be swayed by deceitful fancy looking indior systems that finally fail. I also need other folks to post charts because sometimes I miss hinges which other folks may see and vice versa. Type of a think tank.
    Okay that's nice I feel this thread ought to be transferred to interactive trading. When you find here, folks have the idea of getting the entire trading platform.

    Doing this, you are going to avoid becoming caught up in misunderstandings.

  2. #12
    Hmm, that could work. . .maybe it will move.

  3. #13
    Hxcif are you currently using some type of auto fib indior or just using the fib tool manually?

    thx,
    todd

  4. #14
    Quote Originally Posted by ;
    hxcif are you using some type of auto fib indior or just using the fib tool manually?

    Thx,
    todd
    No, I just take the most recent substantial move on the four hour chart and draw a fib degree there. 50% is the strongest, but other two may be employed with powerful confluence.

  5. #15
    I see a fantastic scalp chance from the USDJPY tonight. If the yen should fall to the confluence of this 61.8%, prior resistance, and round number level at 90.00 before tomorrow's NFP, then I'll scalp it all there.

  6. #16
    I hate these, Read 3000 pages of somebody else s thread to get what I am attempting to communie. If people can't or won't explain their system entirely, why bother?

  7. #17
    I scalped the 38.2%/yearly pivot region of 91.00 for some quick pips each night. . .eyeing the monthly 50% area...

  8. #18
    I pulled off the order ahead of the bailout news, but had I left it in it would have given me a cool 40 pips. I had my entry set at 90.60.

  9. #19
    I am seeing a tremendous straddle chance from the Euro right now that only happens once or twice annually. It is in major consolidation before this bailout vote, including a daily inside pub . I have no idea how it will crack, but if it does, it is going to be BIG, it is going to go HARD and EVERYONE will see it. I don't know which direction because logic is not moving the market at the moment. Only pure fear. The euro has a propensity to go on long tears without a lot of retracement and I wouldn't be surprised if this occurred after consolidation similar to this. My entries are out this week's range with a stop supporting the weekly .


  10. #20
    Tex,

    Seems like you Are in the money Right Now. As a general principle I do not transaction crosses with this egy, only the majors. The reason is because there are far more eyes to the amounts in the majors than the crosses, which can be a synthesis of two major pairs. I'll trade the crosses on fundamentals. Lets say I believe the pound will proceed depreciate along with the yen will appreciate. I will sell the GBPJPY because even when I'm half incorrect I could still make a few pips. Personally, I think that the AUD will go up farther and also the CAD is overbought, so it would not be a trade I would take. However, its working so far.

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