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I'm overtrading here too -- 31 R/Ts. It's extremely taxing on one's mind of state - and feels like a caffeine-rush (I don't drink coffe or coke,pepsi). Some of my trades swing 10 points negative - and I can recover within 1-2 ticks negative most times - and if they go 2 ticks positive I take the...

Another scalp from the minislide here from 1.23 and I'm up 19 pips with 9 pips commission. I guess I should have stayed in for another 10 pips down, but like I say - I take the profits and run - sometimes at predetermined targets. [13:54 EUR/USD: Rising US Yields Shaking Confidence Of Longs]...

You sound more and more like a scalper there ... :) ("forced into" scalping on numbers action?) Tough markets with these conditions lately, but looking on the moves with some calm sense we tested some important levels and got a good indication of what can be done. Now 1.24 seems even more...

Got whipsawed a little on the durable goods and am down 10 pips for now. Better get into it again. :) edit: down 4 pips now - but nice action around 1.2350 on the spot. I wouldn't have liked to be a FXCM customer today - they had a ~35 pip difference with Refco and with the futures ... They...

Will do some earlier trading from now on. :) [10:59 EUR/USD: Stops Trip But Follow-Through Remains Limited] London, September 24: The rise into the 1.2300"s on the back of the Swiss private bank that bought the pair up from 1.2270, has tripped light stops around 1.2305. [EUR/USD] has since...

gwac, you're welcome - I like the updated commentary from IFRMarkets. It's reassuring to read what others think about the market - that's the main reason I like them - and because I scalp I need to have a lot of checking and updates all the time. I would think EuroFX futures with a...

Hehe, I know that feeling. Those days make one think about the cheapest possible commisons, and the killing the CME makes on us. I'm just about finished too - with some errands waiting. Ok day, considering the 20+ negative start, but only 16 points for me, while commisions nearly 5 points...

No, I meant when looking on larger timeframes. As for today - I'm glad I'm not depending on chart reading for trading. :)

Yes, there're days when oilprices take on more importance, but being a "tape-reader" and watching the orderbook and trades I find that most other non-direct relating info distracts me on my trades - or at least used to when I was trading ES. Now it's all about the spot EURUSD USDJPY EURJPY and...

Dunno if someone else have been chopped up good in today's action and had that 250-lot there, but it made a nice little jump. I used to trade with tick/1-min EuroFX and 5-min spot FX, but now I trade with tick EuroFX and 1-min spot FX - even tick spot FX sometimes. It probably is linked to me...

Running away is the most popular art of self-defence. :) Taking profits with you makes you a winner, so selecting the right opportunities - with a ok entry, but most importantly a positive exit, is what I focus on. I glance at the QM chart sometimes, but won't let any QM moves dictate my...

Yes, I was going to comment on that earlier ... You are looking for the big daily trends, but the range trading makes stops trigger easily and you are eager to get in again, resulting in more trades than you normally would do. The first month of trading EuroFX I did around 100 scalping trades...

Refco is displaying 1.2302 , FXCM 1.2295 and december EuroFX futures at 1.2291 ... Wow, they're really playing with people's money now. There has been several of this divergences the last minutes. SaxoBank more along FXCM too. Refco were bad boys there. :) There are some issues with the...

I watched WizardTrader's EuroFX journal, and he got into a similar short like me and stopped out when it went up. The difference was that I made a few shorts after that on the way down, and got lucky on the the big slide. But I gotta say I was wondering about calling it quits for the day, but...

Yes, there are not many indications that the market will get into some big trends, so overtrading trying to find the direction is a danger. There have been some comments on Thomson /IFRMarkets yesterday and earlier today on this: [13:45 GMT 23rd Sept] UK and Swiss names have been the driving...

I'm barely positive with commision around 2.5 pips from a total of +4 pips. I'm trying to cool off a little to not get into overtrading; but I just couldn't see me ending the day with 20+ pips negative ... I must say I got really lucky with that big slide down, otherwise I would have been in...

Hehe, I got chopped madly after the Leading Indicators numbers. I was short after the number, but got chopped upwards. Then I did some shorts on the way down and am now +4 pips. :) Quite unnerving, but one just have to jump in there when the action is hot. ... now even the strategic...

Well, I'm up 13 ticks with commissions at around 4 ticks, so I'll call it a day. Kinda sleepy now, better get some food. :) Good luck with that trade, chinook. I wasn't trading actively when sailing - I was having a prolonged vacation - perks when owning computer consultancy biz'es. BA...

Presuming you bought on the way up from the dip, I would be out already. I think we'll be stalling for most part of the session. These shakeouts are also a sign of trader fatigue, because they give up more easily I think.

Market is wickedly ruthless with stops now. A lot of will but too small of a following just yet. It will exhaust traders throughout the day, so we might get locked into a tight range with noone doing anything. Better fiscal control in the EZ now it seems. [16:18 EUR/USD: German Officials...