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

[darktone]

but this merely is comparing swingers. Better left till after dark

Sorry, have updated trader A to 50 hours per week as per typical scalper.

 

[sunwest3d]

EU is bouncing up and down the Up bull channel...

 

[Forexmospherian]

I thnk the GU as been at least easier than EU

scalp buy from 2 30 pm - never made over 91 - so a sell again - which should have happened at 88 and now another low at 5979

All small scalp stuff there ie 3 trades to make 12 -15 pips

 

[Forexmospherian]

never had losing trades. have lot of trades open for a while.

Still living in dream world then ;-)

 

[Forexmospherian]

This efficiency thing.
2 traders, swinging the same size, end the week +250

Trader A books 20 hours screen time.
Trader B books 10 minutes screen time.

Who was the most efficient?

Hi Darktone

I think the real problem here though is -

95% of all 10 min research swing traders find out after 2 or 5 or 10 years -it does not make them money

Any scalper putting in over 5k hrs has a 50% chance of going on to great success -

ie For larger success rate for the workers - bad losing rate for the shirkers

Like most things in life - no such thing as a free lunch


Regards


F

 

[Forexmospherian]

Who's dropped a dong ?

 

[NVP]

hey all .........apologoes ive not been around

I see that after those early Asian sells the usd finally changed camp again around 10am and has never looked back.............its burning up the bull track and breached todays high a few mins back

aussies and the yen have been the safest sells to date .........

F's 100,000% correct re multiple charts ...........you have to have a lot of G8 visability to optimise returns ........

if you are specialising in (say) one pair then you really have only a 1 in 28 chance that it is producing the most pips at any point in time for the G8 forex family

just think about those odds ...........

N

 

[NVP]

Who's dropped a dong ?

Christ F this thread is becoming more and more surreal as day goes on

 

[Forexmospherian]

Hi N

We have just had a Mr Dong on with £600 a pip live and no stop with buy at 2502

Now drawdown £16k is OK surely - whats the worry ??

Hope you having not too bad a day N


Regards


F

 

[Forexmospherian]

Christ F this thread is becoming more and more surreal as day goes on

I think they are all out in force today

New month and new nutters

 

[sunwest3d]

I think they are all out in force today

New month and new nutters

Nothing surprises me anymore. When the force of nature is at play and the bamboo is properly bent, which dragon fly is going to take a whack on the head ?

 

[darktone]

Hi Darktone

I think the real problem here though is -

95% of all 10 min research swing traders find out after 2 or 5 or 10 years -it does not make them money

Any scalper putting in over 5k hrs has a 50% chance of going on to great success -

ie For larger success rate for the workers - bad losing rate for the shirkers

Like most things in life - no such thing as a free lunch


Regards


F

Doesnt really answer the question though F.
Regardless of how they got there. If both traders average +250 a week carrying the same levels of risk, it takes one 50 hours, and the other 10 minutes. Then its clear to me which one is the most efficient and sparing in the commodity we cannot replace. Time.

 

[Forexmospherian]

Nothing surprises me anymore. When the force of nature is at play and the bamboo is properly bent, which dragon fly is going to take a whack on the head ?

ROFLMAO

 

[NVP]

usd bull run finally being hit hard ...........ENORMOUS 5min usd bar .....in the top 10 today for all currency 5m bar moves

 

[Forexmospherian]

Doesnt really answer the question though F.
Regardless of how they got there. If both traders average +250 a week carrying the same levels of risk, it takes one 50 hours, and the other 10 minutes. Then its clear to me which one is the most efficient and sparing in the commodity we cannot replace. Time.

In reality though - we do not get this outcome continuing

ie the swing trader will not maintain all his wins and average 250 pips a week - he might have a 350 pip week - and then 2 weeks of minus 100 pips

The scalper ( if he's any good ) will get to the stage of 90% winning days - and bad days will be 20 pips and good days 150 pips

Then after say 3 months - the short term trader will be in his range of say 150 -500 pips a week

The swinger meanwhile - could be doing his head in - with 100 pip losses some weeks and 300 pip wins - now and again

Then who's learning the most

ie the golfer playing twice a month

Or the golfer playing 5 days a week

Same with trading - the scalper will end up - if any good etc - going from average to good to very good over 2-5 years

The swinger will go from average to more average - to not so good to somebody like Mr Dong - deluded - lol


Regards


F

 

[Forexmospherian]

Mr Dong as now gone from being down £16k to up a thousand

Well Done Mr Dong

 

[NVP]

I like u/j buys if usd folds south again

 

[Forexmospherian]

EU

at 3 25pm

Badly needs over 2612 and 15 for a try up

No over 12 - then still might collapse again

 

[NVP]

I like u/j buys if usd folds south again

sorry correction......usd to go bull..buy......... U/J

 

[NVP]

uj available at about 113.79 for potential buy .....was that the end of the usd bear retrace ?