r3algood 

Mike, will you please post the updated chart for this trade? See where you exited? I'm also interested in using the cumulative delta and i think you and I are thinking pretty much the same way about it as a compliment, not a signal or indicator, but as a compliment to price, almost a part of price if you get what I mean.

Sure this is what it looks like now.

I took off 2/3rd's between 1.3610 and 1.3602, I have a small bit left on for 1.3550 area and I may add again if we keep pulling back more overnight and the delta supports adding.



Mike

Big Mike 

Sure this is what it looks like now. I took off 2/3rd's between 1.3610 and 1.3602, I have a small bit left on for 1.3550 area and I may add again if we keep pulling back more overnight and the delta supports adding. Mike

Great trade

r3algood 

Great trade

Well I certainly wasn't expecting it to move so fast. I figured it might take all night and most of the morning. Sometimes you get lucky.

Mike

Big Mike 

Well I certainly wasn't expecting it to move so fast. I figured it might take all night and most of the morning. Sometimes you get lucky. Mike

Great use of the delta man, price made higher high while the delta was showing a clear divergence, or lack of support for the move. Great short.

I read that you are trying to take bigger profit targets and stops, are you finding that to be successful?

What's your R:R on each trade or does it vary?

r3algood 

Great use of the delta man, price made higher high while the delta was showing a clear divergence, or lack of support for the move. Great short. I read that you are trying to take bigger profit targets and stops, are you finding that to be successful? What's your R:R on each trade or does it vary?

Yes, I am finding greater success now with larger targets and stops. But I don't want to make this thread about me, I just want to make it about trading the Euro.

Mike

I'm Looking to short(6e) around 3645....then play it by ear. Hey Mike see if you can't ride that to 3450 (or more), I think you can...remember your a big chart guy now...don't get out until a daily chart tells you to.

kbit 

I'm Looking to short(6e) around 3645....then play it by ear. Hey Mike see if you can't ride that to 3450 (or more), I think you can...remember your a big chart guy now...don't get out until a daily chart tells you to.

hehe. The thing is, it won't just drop straight down to 3450. So I have found it is better for me to ride down in 50, 75, 100 tick increments if I can and be (very) happy with that. Wait for pull backs, re-enter if warranted, and ride down some more. So I may set my further target at one of those areas, then as I scale in those targets will be nearer.

Perhaps one day I will work up to keeping a single position on for hundreds of ticks. Actually, that was the plan behind the MB Trading account, but I had a hard time executing it. I've back-burnered it for now.

Post a couple charts so we can see your style.

Mike

Big Mike 

hehe. The thing is, it won't just drop straight down to 3450. So I have found it is better for me to ride down in 50, 75, 100 tick increments if I can and be (very) happy with that. Wait for pull backs, re-enter if warranted, and ride down some more. So I may set my further target at one of those areas, then as I scale in those targets will be nearer. Perhaps one day I will work up to keeping a single position on for hundreds of ticks. Actually, that was the plan behind the MB Trading account, but I had a hard time executing it. I've back-burnered it for now. Post a couple charts so we can see your style. Mike

Think BIG ...that's your name ..BIG Mike...go for it, you already banked some and there"s reason to believe it will keep going...it ain't over til your chart says it's over. Look at that drop we just had, it might happen again...and you would miss it hoping for a pullback.
I might post a couple later, the only thing that discourages me is that I might be wasting my time..no offense but it seems like most around here are more or less scalpers, the puny stuff I post here has been just that kind of stuff somebody might jump on for a quick buck. Maybe your right though in showing some of the bigger stuff/techniques

Who was it that said every trade starts as a scalp?

Mike

kbit 

Think BIG ...that's your name ..BIG Mike...go for it

I'm still short. Just not as short. I may be more short in a few hours, or I may be flat. We'll see

BTW, the name Big Mike is a nickname that was given to me a long time ago. It has nothing to do with the size of my ego or trading...

I for one would like to see your charts, especially if you are trading for bigger targets. That is something I am trying to work on myself.

Mike