Forexmospherian
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taken swissy scalp sell off at 77
Intraday Live short term trading calls from an Expert Retail Forex Trader
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Forexmospherian
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Getting ready to scalp sell EU - now at 61
Forexmospherian
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Eu can see more dynamic resistance between 65 and 70 - so really cannot hold any scalp sell yet - unless price drops under 50 without going over 63
Forexmospherian
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So far 634 high at 557 low - taken scalp sell of at 57
Forexmospherian
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That GU scalp buy was an excellent trade and your stop could have been easily 3 pips and it went up in total 19 -20 pips - WD
I'm much more unsophisticated than you guys and do not, really, understand what is going on. I identified EU as oversold, switched to 5 minute chart and seemed to have spotted the same as MM-- a breakout --and entered long at 0855 for 636. Seeing as it is Friday before Christmas I don't feel like hanging around too much and closed at 1046 for 657 +21. I'm in and out, directly. I don't add or fade, which is what makes you guys tick. Horses for courses.
EU has been in a bear phase since 11th and this morning I traded against the trend, IMO, and the higher we go from here the more resistant it gets. That's my tuppenceworth, anyway.
EU has been in a bear phase since 11th and this morning I traded against the trend, IMO, and the higher we go from here the more resistant it gets. That's my tuppenceworth, anyway.
Forexmospherian
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Hi Splitlink
First of all - Well done - a nice trade from a breakout and 21 pips is a good result in under a couple of hrs.
Agree with you summing up on EU - but still have in a long term up trend over 3600.
Also out of interest - what was you stop level on your EU buy ?
Regards
F
Forexmospherian
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Would like to scalp buy EU again over 36 - ideally 38 -42 area ??? - but need to watch time windows etc and if back under 30 might try another low
be-positive
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Split very neat and tidy with entry and exit , christmas party on you :cheesy: as rumour has it that peter F is a tight b-gger
SL was a strasight 10 points but, if I had seen it going down I might have moved it below the day's low, which was only a few points lower. Because of possible crashes, etc. I put stops on straight away and adjust later, if I want, but I saw no need to do so this morning.
What's your view for this afternoon regards activity? Worth trading, or not?
Forexmospherian
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Because all as slowed down - you have to be careful - EU now cannot breach under 50 and 52 is a scalp buy - but that might only be worth - 4 -7 pips as another LH under 62
We are in a BT area - as we need under 49 and 45 -or back over 63 and 66
Until we get clarity and more clues - scalps might only be worth a few pips and you might get caught on them as well - so be careful ;-)
Forexmospherian
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Yes - but might be dead after 4 pm - or after 6pm - US might have fun just dont know really ?
Still hoping to get a few trades in Monday and Tuesday - other holidays I have always seemed to do well - as everyone thinks nothing might happen
GL - and play it as it goes really
Regards
F
Forexmospherian
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Forexmospherian
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So what are you up so far today - money and pips wise and how many scalps etc ?
Got to pop out for 30 mins but will be back just to see first hr or 2 of US session
Don't getting throwing your wins away
Regards
F
The trouble, I find, are the very nasty spikes that can occur during these half-hearted sessions. The market cleans out stops in both directions. In any case, I'm not going anywhere so, maybe, I'll get interested.
Forexmospherian
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When its hard to call and then there is news within 20 mins - sit on hands and keep your powder dry - its not a sprint - its a marathon journey over years ;-)
You now must have taken over 25 trades and its only half the day - I am not at 9 trades yet ;-))
i agree the account is screwing you - unless they alter your deal you cannot scalp and take just 2 or 4 pips - total waste of time unless you are on $50 or $100 per pip
Regards
F
Forexmospherian
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Interesting - in last 10 mins AU just shot up approx 20 pips and EA dropped 35 pips - have a look MM - forget EU and swissy atm - boring still ;-)
NVP
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MM...........you remind me of myself a few years back .........jees I was going through a lot of trades an hour when i was focusing on short term action ....hammering it
ease off the peddle....you cant see it yourself as you are in the middle of the action
N
ease off the peddle....you cant see it yourself as you are in the middle of the action
N
Forexmospherian
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AU new testing high and support area at 8888 to 8900
Forexmospherian
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Only made the 8888 - at the start of time window - its dropped 24 pips - and I am embarrassed to say I only got 7 pips of them - ;-((
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