yes I have 55, but the retracement was a bit too strong for me, maybe another test forming a DB bull flag.....maybe...I will see the reaction...
Intraday Live short term trading calls from an Expert Retail Forex Trader
- Thread starter Forexmospherian
- Start date
- Watchers 187
- Status
yes I have 55, but the retracement was a bit too strong for me, maybe another test forming a DB bull flag.....maybe...I will see the reaction...
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Comment approx 25 -30 mins ago
Still not made R area - now at 67 with 72 high so far
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Whats nice my spread on EU is presently 0 3 of a pip - with then a low commission as well - any move over 3 pips I can make profit on
52 /3 at end of last TW was a scalp buy and now need above 66 to hold it on longer - otherwise - I grab what I can as profit
got in made 2 pips.....I think I did wrong. never mind....
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
As long as you would have pulled if it went under say 50 or not allow a loss of 3-5 pips - then you were fine
The trick is accept small losses and then try and make a few nice wins of over 10 or 20 pips during the good trades
mine 1.2 not commission, on my other is 1
more than 1 is not good for this kind of trading in my opinion.
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
we have touched 66 now - and I drop to 30% stakes and hold on above 54 - as still nice profit on 70% part - and a small profit locked in 30% stake - what ever happens now
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
GU dropped under its last low within 30 mins
Not caught it - but will look at entering on pullbacks
Not caught it - but will look at entering on pullbacks
yes I like your idea of 70-30.....if it goes your way can double the RR, if it does not and move enough you take a good chunk away....
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
I have many 30% stakes do over 200 pips - and 1 over 700 pips and early on this year on the Eur/Aud - made over 1000 pips - of a initial scalp with a 5 pip stop - amazing
You can play with % I dont go for 50 /50 but I think 60 to 75% on initial scalp is best then 25 to 40% on the 30% part is profitable and if on say 6 lots or anything over 3 lot scalps - then its still very good returns
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
GU
11 08 am
5835 to 50 is all support area
I would hope this hour or next we can scalp buy from above supports
Currently at 5862
11 08 am
5835 to 50 is all support area
I would hope this hour or next we can scalp buy from above supports
Currently at 5862
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Quote:
Originally Posted by Forexmospherian View Post
EU
11 11 am
Not looking so good for trying over 67 - 70
price now at 61 and I will pull if we stay under 63 and try and test under 57 now
66 might be a LH - although we could not be going into a BTTZ tease area - to try and catch all intraday traders out
Within 3 mins - we are now back over 63 and 66 testing 72
That I will have on 30% stake and try and enter again on 100% stake on a pullback
Posted in wrong thread - silly me
Originally Posted by Forexmospherian View Post
EU
11 11 am
Not looking so good for trying over 67 - 70
price now at 61 and I will pull if we stay under 63 and try and test under 57 now
66 might be a LH - although we could not be going into a BTTZ tease area - to try and catch all intraday traders out
Within 3 mins - we are now back over 63 and 66 testing 72
That I will have on 30% stake and try and enter again on 100% stake on a pullback
Posted in wrong thread - silly me
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
EU
11 19 am
Out 30% scalp buy part from 53 to 71
Will look at another scalp buy above 61 on 100% stake next
Under 58 and 54 forget scalp buys as thats scalp sell area
11 19 am
Out 30% scalp buy part from 53 to 71
Will look at another scalp buy above 61 on 100% stake next
Under 58 and 54 forget scalp buys as thats scalp sell area
Missed this one, the reaction was perfect....it was calling " come and grab the money"
Attachments
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
GU at 11 23 am
Now down at 5850 area - still not ready to scalp buy - maybe after half hr change
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
EU
11 25 am
Now got through R area of 70 -75 and made 2491 so far
Back down to 30% stake on new scalp buy - in late - only got 77
11 25 am
Now got through R area of 70 -75 and made 2491 so far
Back down to 30% stake on new scalp buy - in late - only got 77
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Out in a bit - but will be back over lunch time
GU - 5847 might be interim low or if not 43 /45 area
Under 39 and 37 be in more scalp sells - but for now over 43 - I reckon it might try to turn up again
Good Luck
See you later
F
GU - 5847 might be interim low or if not 43 /45 area
Under 39 and 37 be in more scalp sells - but for now over 43 - I reckon it might try to turn up again
Good Luck
See you later
F
Last edited:
F
When you have a bit of time could you please explain to me what do you consider or what are you looking for at a specific bounce level for you to enter a trade? Thanks, I will read it tomorrow my time. Ta.
F
- Status
