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

[Forexmospherian]

hey all

went usd sell a while back ...sorry I cant post and trade .........out of practice !!

N

Do you work with multi screens and computers etc -?

It makes it easier - but agree - trading needs to come first before typing and blogging etc - and I dont advise it for most scalpers etc as focus so important

 

[Forexmospherian]

7 49 am

Sells have come in outside my TW's so out scalp buys for now - but GU for me I think will stay above it low

EU different - more manipulation going on that pair

 

[Forexmospherian]

EU going to breach under last low about 1 min late on 30 min rule - crafty stuff

 

[Forexmospherian]

EU

7 45 am

Maybe 0674 / 78 might be a scalp sell area

Trouble is then - 30 min rule on low and we might be seeing a slow turn up again back on

Only if we breach under 0661 and 55 would I be holding scalp sells on or taking new ones etc

EU

We fell from 0671 and outside TW

So far now down to 48 - and bounce staying under 66 are sells again

 

[Forexmospherian]

If you check across the pairs

EU and EJ have been in sync - whereas GU and AU in a different sync pattern

 

[Forexmospherian]

EJ as now dropped approx 35 pips from my first scalp on it this morning at 6 38/ 39 am

Since then pyramided and peeled on it a few times

 

[Forexmospherian]

London Open and EU so near to yesterdays Low at 0640 area

Bounces staying under 58 for me are still sells - will we try under 0637 now - or is it more trickery ???

 

[Forexmospherian]

The clues can include GU and AU - as both kept to their 30 min rules with no new lows - but EU manipulation means anything happens on that pair

 

[Forexmospherian]

8 05 am

EU

Bounces staying under 49 still a sell again

Over 52 and 55 - different ballgame

 

[Forexmospherian]

EJ getting near to 50 pips drop from original sell area now at 8 09 am and end of TW

 

[Forexmospherian]

Please tell me someone sold EJ this morning as well as me ;-))

 

[Forexmospherian]

EU

8 11 am

0620 now

Bounces staying under 34 still sells again for now

 

[Forexmospherian]

Notice on chart - a supports area 0615 / 18

Low so far on EU 0619

 

[Forexmospherian]

EJ

8 14 am

Near 128 00 support area at 03 and bouncing

 

[Forexmospherian]

I am sure MM would have scalp bought at 0621 - I haven't but will take another 70% of a scalp sell now

 

[Forexmospherian]

Time for a cup of coffee and a egg and bacon roll - need to build my energy up for next week ;-)

 

[sun11]

My target pip earnings is 1000 pip per month at 100% stakes

Really good months - over 2500 pips - but many will be at lower ( 30% ) stake sizes as I try and leave many scalps on with stops in profits to hopefully make large moves. This only happens only on maybe 20/ 30% of all successful 7 -25 pip scalp moves - but as lead a few times of large pip numbers of over 500 pips and even one over 1000 pips over 3 months or so

Average months - I would expect over 1500 pips and would expect to take between 250 and 320 trades with average win ratio of 72 / 75% - with all entries under 7 pips maximum and generally under 5 pips on key pairs

Thanks for you positive comment and I will say - it can be done and dont let anyone tell you its impossible etc etc

Have a good day and Good Trading


Regards

F

Hi
Thank you for your prompt reply. Your performance is really excellent & 1st class.
But don't understood about 100% stake? Does it mean, you risk full account size for each trade? Is your leverage is 1:1?

Regards
Good day & Good trading you too..

 

[Forexmospherian]

Hi
Thank you for your prompt reply. Your performance is really excellent & 1st class.
But don't understood about 100% stake? Does it mean, you risk full account size for each trade? Is your leverage is 1:1?

Regards

Good day & Good trading you too..

Hi Sun

No - I do use leverage - I have used even 500 to 1 on a small account - but normally 100 to 200 is fine when you know what you are doing

100% stake size means up to say 2% of your capital based on size of your initial stop or risk

Because I trade with a larger retail capital account - I generally stay with under 0 5% capital based on a 5 pip stop - so thats under 8 lots per pip atm

So for example if I enter a scalp at 6 lots ( $60 a pip ) thats my 100% stake size and then if i take 70% stake off - it means I drop to just under 2 lots or $20 a pip

So a lot of my 30% stake size trades with stops in profit are normally on less than $20 or maximum $30 per pip. So a 10 pip scalp at 100% stake makes more money than say a 30% stake with a 19 pip result

Hope that make sense and good trading to you as well


Regards


F

 

[Forexmospherian]

9 12 am

Notice we have UK Pound red news at 9 30 am so will update and review that pair next

 

[NVP]

Do you work with multi screens and computers etc -?

It makes it easier - but agree - trading needs to come first before typing and blogging etc - and I dont advise it for most scalpers etc as focus so important

yes I do ...........this morning the room I use was full of Cr*p as we had some painters in so I traded off 1 laptop screen

not a good idea long term

N