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

[MajorMagnuM]

Sorry getting my EU levels mixed with GU SELL

Both scalp sells after 4 39 pm

yes eu im looking for longs

 

[Forexmospherian]

ok first look

Great GU chart MM

 

[MajorMagnuM]

i have eu dy res at 81 then interim res up to 90 basically

 

[MajorMagnuM]

thing is, ej and gu dont look long just yet

 

[MajorMagnuM]

ok now maybe
??

 

[Forexmospherian]

thing is, ej and gu dont look long just yet

True - still look shorts - but is it a trick or false sentiment to get more bears in just before a change after 5 pm??

To difficult to work out at this time of the day - its my time to finish really ;-))

 

[MajorMagnuM]

really, shold wait for movement as range is poor atm

 

[Forexmospherian]

i have eu dy res at 81 then interim res up to 90 basically

Agree

Under 90 and 82 still a sell for now - just waiting for a support that will bounce price up over 20 + pips

Will pop in later - got to do a few domestic chores first

 

[MajorMagnuM]

bought ej 6 pip sl

 

[MajorMagnuM]

sl now at be

 

[MajorMagnuM]

sl better than be

 

[MajorMagnuM]

urgh so slow

 

[MajorMagnuM]

cup of tea

 

[MajorMagnuM]

sl hit

 

[MajorMagnuM]

managed to get back in

 

[MajorMagnuM]

taken some here, rem at :

 

[Forexmospherian]

Sorry getting my EU levels mixed with GU SELL

Both scalp sells after 4 39 pm

Agree

Under 90 and 82 still a sell for now - just waiting for a support that will bounce price up over 20 + pips

Will pop in later - got to do a few domestic chores first

EU

Move 30% stop down to 0660 now with low so far at 43


GU

Move 30% stop down to 4717 with low so far at 4695

Finished trading but will check in an hour or two

 

[Forexmospherian]

Bookmarked as with the previous reply. Thank you.

Now.....if most of your profit comes from the 30% stake, what would have happened if you did not take 70% off at +11 or whatever pips?

Fzsy

Hi Fugazsy

Well I have tried all different combinations on pyramiding and peeling etc - but was never one for just taking 50% off and leaving 50% on at B/E

For me - I prefer to grab - 5 - 10 -15 + pips all within 10 -15 mins ideally - take 70% off ( although it can be 60% or even 75% ) and then place a stop in profit on the remainder

I make more money that way - because getting a move going over say 50 or 100+ pips only happens about 20% of the time - and even then 15 pips at 70% stake is only beaten by money wise by 35 pips + at 25% or 30% stakes

That purely based on over a few years stats on my own trading

Don't forget - I also scalp both ways when even in 30% trades with stops in profit - I can relax with stops in profits - but its the scalps that bring me in the quick larger rewards and ideally i don't want to babysit over 10 -15 mins

I am sure if I stuck all my last 2 years trades into a computer and asked it to work out my best combo to suit my preferences - it would not differ too much from how I am doing it

Also I cannot scalp more than 3 pairs simultaneously - but I can trades 4 or 6 or 8+ pairs with stops in profit - as not so much babysitting needed - and as a I have said many times - its a numbers game - you have to be in it to win it and if you can cash in and then leave a percentage on with a stop in profit - you have the best of both worlds etc ;-)

Only my way - not saying its the best - but generally happy with it

Regards


F

 

[Forexmospherian]

EU

Move 30% stop down to 0660 now with low so far at 43


GU

Move 30% stop down to 4717 with low so far at 4695

Finished trading but will check in an hour or two

Out sell at 0645

 

[Forexmospherian]

GU

Move 30% stop down to 4717 with low so far at 4695

Finished trading but will check in an hour or two

Out GU sell at 4701