USD index

Short Kiwi .7320. Makes me feel bad doing that. Yuk yuk. Been watching that since this am. Was thinking then to buy a pull back to the same level, but the picture has changed.
 
Yes and I'm usually (hopefully) not one to pick a top. Just shorted usdchf. I saw on CNBC that small cap stocks made a low for the year. Going to double check that.
 
Cswim63 said:
I'm trying to see where I said that. An example would have been last night during Asia session. Everything was lined up just below levels that looked like they would be penetrated. Euro at 1.1760, GBP at 1.2880. I was thinking there were stops on the other side to sell into. But there wasn't much of a push when those levels were violated. I ended up holding the whole wad till just a little while ago.
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You've said it 7 times. You are not scalping. You are short term day trading.
 
victorycountry said:
In formal term, it's called speculation. When there is no data, price comes back to the mean. Since speculation's net position has been short for GBP and long for Euro, you simply sell GBp at the high and buy euro at the low and have tp until they create double bottom/top respectively lol
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That's not scalping. Scalping is the taking of minimum ticks usually by market makers. No retail trader is successfully scalping from their computer, yet everyone uses the term anyway.
 
My apologies. I hope you weren't offended by my improper use of trading language. Wouldn't want to get fined by the Grammar and Syntax police.
 
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