Ivan's Trade Thread, part II

I moved to 30 second bars - while previously in October I have been using 5 minute bars, this week I tarted with 1 minute bars and now 30 sec.

Lesser size and faster/smaller profits/targets keeps me happy.

The moves are huge at times, but they are difficult to predict properly. I started getting a short Euro mood yesterday - which has been right, but I don't trade anything else than short scalps and I trail every stop. This way I have very few losers, although I settle for scraps some times. This Friday I will be pretty careful, as there is a conflicting mood in the market.
 
Quote from Gringinho:


Lesser size and faster/smaller profits/targets keeps me happy.
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See, it works doesn't it, but this fast moving market is great for larger targets so you can at least maintain some kind of acceptable risk:reward. Wider stops.....and even wider targets :)
 
Quote from davidmaria1:

Stop just over 124.00
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I didn't want to say anything earlier as I hate potentially influencing a trade someone is already in, but was that really a great place to have a stop bearing in mind stop-hunting?

There's an interesting article about stop-hunting here. You may never use the strategy but it might be worth bearing in mind when placing stops around big figures.
 
I (we) had a pivot/SR at 124.00. I suppose there would be an argument for either side. Different time frames support diff. decisions. We may look for a short around 125.00, just don't tell anyone!:p
 
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