Intraday Live short term trading calls from an Expert Retail Forex Trader

[MajorMagnuM]

but 31 wld be sell signal?#

 

[Forexmospherian]

Always remember MM - you are dealing with true robbing bar stewards in this game - they would sell your grandmother and your children if they could ;-)

 

[MajorMagnuM]

Always remember MM - you are dealing with true robbing bar stewards in this game - they would sell your grandmother and your children if they could ;-)

as yet, still working on how to combine dirty tricks with t.a

 

[Forexmospherian]

but i cant scalp sell aginst lr 3 solid

Think

You dont have to sell

you could drop to 30% or exit 100% and take no more trades

 

[MajorMagnuM]

i just keep saying to myself, every move is a stop hunt

 

[MajorMagnuM]

Think

You dont have to sell

you could drop to 30% or exit 100% and take no more trades

im not long. but you are saying more than that here but i cant see what yet

 

[MajorMagnuM]

**** got locked out of forum then

 

[be-positive]

wondering if its the brumy chap thats floored this site with his lighting speed posts (lol)

 

[johnradical]

What a day to loose the site, been a good day. F's pip bank must be a beauty today.

 

[johnradical]

EU and GU from 2:30 time window just let go again.

 

[Forexmospherian]

Hi Guys

Tried a few times to get on after 2 00 pm - but could not

Just tried after 5 00 pm and now OK

Yes - what an afternoon - what a drop on EU / EJ and GU - could not get round to any other pairs

Took my first scalp buy at 1 39 pm at 2997/8 area - made 26+ pips and then when we did not try over 3045 and 50 - knew it was another sell - confirmed under 2990 then

Now down at 2920 area - so mega pips of about 5 sells and a couple of buys this afternoon

Hope you all have had a good day

Regards


F

 

[MajorMagnuM]

What a day to loose the site, been a good day. F's pip bank must be a beauty today.

yes i cld not get on. this is definitely not te first time this has happened to this site on a
news day

 

[MajorMagnuM]

attached is the message as i tried to sell eu at the top.
i cannot begin to say how pissed off i am

 

[johnradical]

attached is the message as i tried to sell eu at the top.
i cannot begin to say how pissed off i am

Thats Sh*t

 

[Forexmospherian]

attached is the message as i tried to sell eu at the top.
i cannot begin to say how pissed off i am

I think 99% of brokers / dealers etc even with ECN and straight through to market can have problems at key news events

This on at 12 45 pm was massive - ie Euro interest rate cut and so everybody and their dog would want to get sells on etc - as it had not been 100% expected - in fact many thought that would not happen

Interesting whether you had problems say 5 mins later on next half hr or later etc?

Sometimes you just need 1 min - and then you can get in a trade

Regards


F

 

[MajorMagnuM]

I think 99% of brokers / dealers etc even with ECN and straight through to market can have problems at key news events

This on at 12 45 pm was massive - ie Euro interest rate cut and so everybody and their dog would want to get sells on etc - as it had not been 100% expected - in fact many thought that would not happen

Interesting whether you had problems say 5 mins later on next half hr or later etc?

Sometimes you just need 1 min - and then you can get in a trade

Regards


F

you are correct it was clearly overload, as did manage to get some other scalps on after

 

[MajorMagnuM]

i did see the sell but waited a little in case of wash upwards first.

 

[Pat Riley]

attached is the message as i tried to sell eu at the top.
i cannot begin to say how pissed off i am

It's tough to see it from the other guys side but they could have been killed if they hadn't protected themselves in this way, the volatility was ridiculous and they wouldn't have been able to outright hedge in that sort of market.

But look at the momentum, you could have got a directional in any time in the following 3 hours, scalp or not, and made a few buns.

If you'd been long on vol going into that you wouldn't have cared which way it went and although the rate cut wasn't expected, it wasn't totally off the radar and the ABS was the least well kept secret of the week, not specifically the detail but that it wither would or wouldn't get mentioned. Either way it was going to spike vol.

 

[DowJones]

attached is the message as i tried to sell eu at the top.
i cannot begin to say how pissed off i am

Hi MM - Sorry to hear. Just for info I followed up on this issue for you.

I've just spoken to your broker and confirmed the background. Basically the liquidity providers pulled liquidity from the exchange (and many other venues). In your case there was a period of a few seconds where the market was all one-sided and so became 'untrusted' (you can read about this in the trading manual execution policy). I also have the full details regarding: times, price levels, trade volumes etc.

It was an exceptional move over the number - do be aware that trading (on any platform) over these events can leave you exposed to execution risks - this also happens on the institutional side, not just retail. It's worth having this type of thing in your risk plan.

Hope this helps, feel free to contact me if you wish to discuss further (oh and please disregard my PM, that was sent before the broker spoke to me).

 

[Forexmospherian]

Thursday evening - not trading now - but looking at key pairs for tomorrow and NFP as well - making it a Freaky Friday

I have always heard gurus and even many experienced traders say - "Dont be too greedy" - Be happy with your gains" etc etc - and dont lose them or give them back to the market etc.

Well that's another myth to crack - "take what you can when you can get it" - and tomorrow - whilst not expecting another 200 + pip day - don't rest on your laurels and think - I have had a good week so far - dont ruin it been greedy etc - get it in the bank for rainy days ;-)

Looking at key pairs - EU low so far 2920 - so easily a 200 pip drop - GU near 6300 - so 140 pips or so - EJ - another 200 pip fall - Swissy - 140+ pip rise - GJ - only 110 pip drop and wait for it EA - over 270 pip drop

So on 6 pairs - over 1000 pip available - even if on 30% free trades - that like 300+ pips on scalps - ie over a weeks targets in one day.

Did I get that many - NO

If you got 50% of them today - you did extremely well - and even 30% on 3 or 4 pairs - you have had a cracking day

Good Trading for tomorrow ;-)

Regards

F