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

[MajorMagnuM]

well ea not done for a bit. the nu was a swing trade that was remainders

 

[Forexmospherian]

well ea not done for a bit. the nu was a swing trade that was remainders

There are that many pairs to chose from on an intraday basis- I still prefer the EJ as my main intraday pair - but some days I know the EA can be better and I suppose not a lot between the AU and NU really

In reality if I am only after 50 pips at 100% stake size - or say approx 170 pips on only 30% stakes - what ever combination of pairs and stake sizes is not really that important - Its finding the easiest or best for the session you are in ?

10 00 am now - hope this hour is not a BTTZ

 

[MajorMagnuM]

i tend to get drawn in to a pair (lol) but should remain more objective about many pairs.

 

[Forexmospherian]

Talking of EJ

After 9 39 am on EJ and EU - Both have now dropped over 45 pips as of now at 10 04 am

 

[MajorMagnuM]

ej epic move
missed it

 

[MajorMagnuM]

my ej lines. how do the longer settings look to you F?

 

[Forexmospherian]

EU

Update for 9 00 am UK time

1. - EU is in a bullish price session structure above 1190 and 1200.

2. So far high this morning at 1270 - with high so far for May at 1290.

3. Main interim supports 1220 and around 1200

4. Main R areas - 1272 - 85 - 90 and 1300.

5. Key scalp times last 2 hrs - 7 09 am scalp buy - 7 51 am scalp sell - 8 09 am and 8 21 am scalp buys - 8 39 am - last scalp sell for now

6. Those 4 main scalps all with stops under 5 pips would have made a total on EU of between 120 and 150 pips - depending on your scalp expertise

7. Actual movements in last 2 hrs would only show an approx 50 pip rise on a 2 hr or 4 hr chart etc

8. 1220 is key now - remember just a 3 or 5 pip breach - not really enough - ideally you need to see over 7 or 10 pip breach

9. GU news at 9 30 am might effect the EU movements as well - depending on Pound strength.

10 9 00 am was also a scalp buy from 1241/2

EU

Tip

Stick an up TL from 8 10 am and approx 1225 to 8 55am and 1237 and extrapolate

Above there its scalp buys - below - no longer scalp buys - and as I type we test under the TL at 9 04 am

EU

10 07 am

Price fell after 9 39 am and went under the TL and then importantly - stayed under and breached under 1220 - a main support area

Now at 1210 and bounces staying under 1240 are sells again - as long as any low does not last 30 mins with no breach

 

[MajorMagnuM]

yes it did

 

[Forexmospherian]

my ej lines. how do the longer settings look to you F?

Will compare my LRs with your chart and post both in a bit for your perusal

Remember I have added a couple more I am testing as well

 

[MajorMagnuM]

eu retests tl late?

 

[MajorMagnuM]

Will compare my LRs with your chart and post both in a bit for your perusal

Remember I have added a couple more I am testing as well

was not aware

 

[MajorMagnuM]

current positions

 

[Forexmospherian]

Comparing LRs on a 1 Min EJ chart

This is yours on EJ

This is mine on EJ from 9 39 am to just after 10 00 am

50 pip drop in approx 30 mins

 

[MajorMagnuM]

taken 70% on all

 

[NVP]

current positions

nice MM !

cruising along nicely myself today ......gonna take a break now as target hit a while back ..........

heres last few mins trading ...........as usual the most difficult time is when a pair is in that chop phase.....

once it decides what direction the scalping is easy...ish ! .....ive attached the scalps from 8.35 when EU came off a high..........and I sold

later all
N

 

[MajorMagnuM]

This is yours on EJ

This is mine on EJ from 9 39 am to just after 10 00 am

50 pip drop in approx 30 mins

hmm. lota of mine different

 

[MajorMagnuM]

some rems hit in profit

 

[MajorMagnuM]

gu retest bottom in next 30?

 

[Forexmospherian]

hmm. lota of mine different

Yes on longer term LRs

As long as you can read yours OK - then no problem

I could use your settings OK

I am always playing and testing - but remember after 7 year plus of intraday spaghetti trading - I am use to reading a mess - my chart is too fussy - but thats because I am still playing with it and trying to improve it further

 

[Forexmospherian]

gu retest bottom in next 30?

Under 5185 looks still in down mode - but near half hr change