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

[Forexmospherian]

GU

8 58 am

My line in the sand area is 5130 /35

Above both favours more scalp buys on pullbacks and an attempt over 5160+

Below both - scalp sells down to test 5100 area

News in 30 mins on it - but not red major news

 

[Dinos]

Morning Dinos

But how many years did it take for you to perfect a system that at times is "bang on" with PA and PS and works maybe 80% of the time if certain conditions are met

F

Many years Peter, and yes well over 80% accuracy with good RR.

 

[Dinos]

I think Dinos might have played with the settings on a parabolic SAR indicator

Correct I do use PSAR, but not standard settings it to fast. PSAR pulls the setup together, HA Candles verey important

 

[Forexmospherian]

EU

9 09 AM

Got a nice up trendline giving dynamic support on EU from 1578 ( yes that price again ) to 1595 and above at 1602 ish

We need to stay above it and make above 1620 now

If not would look at more scalp buys above 1600 I reckon for now

 

[Forexmospherian]

Many years Peter, and yes well over 80% accuracy with good RR.

Yes - I thought so - but it's a nice system method etc - and keep with it and just add time etc to it and I am sure it will stay good for you for many more years



Have a good day

Regards

 

[Dinos]

EU Trades 2 & 3, exact same principles, trading of point 2 if the conditions met.

Trade 2. Short at 8.39, draw was -1, traded against the secondary trend line and exited on hitting it.

Trade 3. Long at 8.52, draw was (4), traded back upto the pivot.

Each trade was consistent in entry, the HA format was in place, PA ahead of the PA trend and the PSAR point (locked in) the requirement to enter the trades

 

[Dinos]

Yes - I thought so - but it's a nice system method etc - and keep with it and just add time etc to it and I am sure it will stay good for you for many more years



Have a good day

Regards

Agreed, if you have a tried and testes system that has being successfully implemnented for many years with tweaking, then the ££'s will follow. it won't suddenly stop working.

 

[morgan_edge]

Nice trades, Dinos.
(is there a setting where I can be notified of posts in this thread, but only when Dinos posts for example. I know some forums have this feature. Wuold be useful)

 

[MajorMagnuM]

thanks mm, so you do this for every trade?

is there a way to set sl and tp for all trades?

you can set both at time of entry on the order ticket

 

[Forexmospherian]

9 24 am

Some UK Pound news in 6 mins - not red high impact - but could still have an effect

5158 so far on this trade high - but will exit by 9 30 am anyway

 

[Forexmospherian]

EU

9 09 AM

Got a nice up trendline giving dynamic support on EU from 1578 ( yes that price again ) to 1595 and above at 1602 ish

We need to stay above it and make above 1620 now

If not would look at more scalp buys above 1600 I reckon for now

9 28 am

Exiting at 16254 - prior to 9 30 am frame change - playing safe ;-)

 

[Forexmospherian]

9 24 am

Some UK Pound news in 6 mins - not red high impact - but could still have an effect

5158 so far on this trade high - but will exit by 9 30 am anyway

Yes did exit at 5165 just to be safe

 

[Forexmospherian]

EU

9 33 AM

Pullbacks staying above 1616 are scalp buys again with so far a 1630 high

 

[Dinos]

EU Trade 4 at 9.20, draw 0, pips available upto +16,

Exact same entry point every time, the consistency and repetition gives ability to record meaningful statistics upon which the system is based.

The set up circled, not valid as PA below the 15 min PA line

 

[Forexmospherian]

UCad

8 55 am

Would like to buy again if we stay above 2355/60 area

We did another high at 2374 this morning - lower than yesterday - but a HH for this morning

Ucad comment from over 30 mins ago

Did not happen - only a bounce and supports were weak

Did not even enter a scalp buy at 55 - as LR's and PA basically said along with time - dont bother

Price now at 2340 area - another support band

We need above 46 and 49 to be holding any scalp buys taken above 2339

Under 2334 and 2330 - more scalp sells

 

[Forexmospherian]

UJ

8 56 am

Ideally would like to sell it again under 118 03 area

Will be keeping an eye on it next hour - but with GU as we do have some minor news on it at 9 30 am

UJ

9 44 am

Now made 117 67

Bounces now staying under 85 are scalp sells again

 

[Forexmospherian]

9 49am

For 9 51 am EU is a sell under 1622 now

Will leave as only want to take more trades after 10 01/2 am

Having a quick break - see you in a bit

GL

 

[Forexmospherian]

10 04 am

EU

For me now 1633 to to 1610 ie 23 pip range is a BTTZ area

Anything can be manipulated in this range - so be careful and wait to break out of it - properly

 

[Forexmospherian]

10 08 am

GU

If we stay now under 5171 - we have a nice H & S pattern on 1 min chart for lower

Dont take much on probabilities just off patterns - for me would need at least 3 other clues as well to start selling with any confidence

 

[be-positive]

EU Trade 4 at 9.20, draw 0, pips available upto +16,

Exact same entry point every time, the consistency and repetition gives ability to record meaningful statistics upon which the system is based.

The set up circled, not valid as PA below the 15 min PA line

captain --- thought you had retired