stop break even
Intraday Live short term trading calls from an Expert Retail Forex Trader
- Thread starter Forexmospherian
- Start date
- Watchers 187
- Status
stop break even
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
12 31 pm
EU
Just made 1184 on my platform
Another 70% off on last sell added at 92
So still got 60% on sell in total - but unless we drop under 82 and 80 - will exit another 30%
EU
Just made 1184 on my platform
Another 70% off on last sell added at 92
So still got 60% on sell in total - but unless we drop under 82 and 80 - will exit another 30%
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
I think if you can combine it with a method that works for you - all the better
Anything that might improve our trading by say 10 or 20% is worth trying - but you must be comfortable with how you do it and how you trade
Over the years and 1000's of trades - it become easier for me - but as you would expect - I never get it 100% correct - but most days I make above my daily target - even if i have just 2 bad trades - or even some day 5 bad trades
Well Done
Its just done 1179 now - so a nice scalp sell
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Cut off on sells for me is 92 now and stop on 30% at 95
closed
Attachments
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Off to have some lunch but will be back for 1 30 pm red US dollar news
Was a nice scalp buy on GU at 12 31 pm as well
Was a nice scalp buy on GU at 12 31 pm as well
I think if you can combine it with a method that works for you - all the better
Anything that might improve our trading by say 10 or 20% is worth trying - but you must be comfortable with how you do it and how you trade
Over the years and 1000's of trades - it become easier for me - but as you would expect - I never get it 100% correct - but most days I make above my daily target - even if i have just 2 bad trades - or even some day 5 bad trades
Well Done
Its just done 1179 now - so a nice scalp sell
thanks.. as i said this is still a relatively new strategy i am working on (been trading off much larger time frames before this) and actually had inspiration to do so from this thread. i think i will probably add a few things to it but overall i am happy with it giving me approximately 3-6 trades a day
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
Good to hear and if you can get in say 3 -6 trades a day on a pair - then you should make money as your stops are fairly tight and then you move half into break even ( try for 2-5 pips of profit if you can) then even if a couple go wrong - you should still end up positive.
I try and scalp 2 or 3 pairs - but will always try and get a scalp on another pair so I can hopefully leave a stake on with stop in profits
Maybe only 20 - 30% of these part stakes work - but when you catch a nice move suddenly your part stake can end up earning more than you main trade - especially on the 50 -100 pip moves
Also if you can combine your longer term strategy with intraday - then you will end up with a better understanding of price moves etc - and this will then help you improve on both fronts
Look forward to more of your work - your welcome
Regards
F
Forexmospherian
Legendary member
- Messages
- 39,928
- Likes
- 3,306
EU
1 15 pm
Dont think I will be here for news in 15 mins - but will be around for 2 30 - 3 00 pm for an hour or two
EU price now at 1176
Under 65 and 57 stay with sells and hold on for another fall under 1150 and lower.
Bounces ups need above 1220 and 30 to start taking more scalp buys aiming for 1250 or 1270 /80 and even 1300 level
In between ie 1170 to 1220 - its really just scalping both ways - but news might manage to move it out that area
GL
See you later
1 15 pm
Dont think I will be here for news in 15 mins - but will be around for 2 30 - 3 00 pm for an hour or two
EU price now at 1176
Under 65 and 57 stay with sells and hold on for another fall under 1150 and lower.
Bounces ups need above 1220 and 30 to start taking more scalp buys aiming for 1250 or 1270 /80 and even 1300 level
In between ie 1170 to 1220 - its really just scalping both ways - but news might manage to move it out that area
GL
See you later
this is the area i will likely add to the method as i do see the potential in the break even stops that get hit. As for leaving a stake on, i do this when trading larger time frames and also lock on profit accordingly. I have never thought it was necessary to leave a stake on when trading the 5 minute simply because there are enough measured moves every day to give give me plenty of profit. This is especially the case on trending legs where i can get a payoff 5 or more times my initial risk and often get at least 2 of these in a trading day on just one pair. By the way i only trade this strategy on the EU at the moment and will likely extend that to another pair every year to accommodate a gradual on-boarding of workload. Happy to be around and hope there are many more days to come
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
nice usd news at 1.30 and I caught some of the EU fall ..........
ok made 250 pips now today so taking a breather
better performance from me today than yesterdays pippage - so pleased
149 trades - 85% / 15% win /lose
248 pips made
so after commission its still a decent few quid up today before U.S opening
poss back later
N
ok made 250 pips now today so taking a breather
better performance from me today than yesterdays pippage - so pleased
149 trades - 85% / 15% win /lose
248 pips made
so after commission its still a decent few quid up today before U.S opening
poss back later
N
Last edited:
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
here here............this is getting interesting now as more come to play
I see over 50 viewers on the thread............that's excellent viewing figures and more than the itvbe channel
NVP
Guest Author
- Messages
- 37,936
- Likes
- 2,144
dear lord give me just one ...............played a few out today but still not sold into the process............the voices in my head tell me to scalp !!!
Mod
How is it a guy continually coming to the thread to incite and mock the people who put in a lot of effort and have made this a good thread with some camaraderie, allowed to run like a child and you pander to him.
What was said was hardly offensive and long overdue in my opinion and surely moderating may take in to account more than one word, however apt it may be.
How is it a guy continually coming to the thread to incite and mock the people who put in a lot of effort and have made this a good thread with some camaraderie, allowed to run like a child and you pander to him.
What was said was hardly offensive and long overdue in my opinion and surely moderating may take in to account more than one word, however apt it may be.
Pat Riley
Established member
- Messages
- 794
- Likes
- 178
Nick, that's the point. None of my posts have been to 'mock or incite'. Check over them if ya want. I have been, and am, genuinely interested in what's goin on here. Me response to MM's rather typically unpleasant response in the early hours of (my) morning was possibly below the belt in suggesting his day's efforts posted with such apparent glee would cover coffee, but the basis of that no less than elaborated on by yer very own post on the same topic earlier today.
I'd also suggest that questioning the mods decisions and disrespecting their intent is not going ta go down too well.
If you've got a bee in your bonnet about me that's a pity - but if ya take a minute to see where I've been comin from the whole time, it has been from a place of genuine interest. That some people don't take kindly to my views, based on experience from a very different place, is not an issue. It is the manner of their response to it which has caused the problem.
counter_violent
Legendary member
- Messages
- 12,669
- Likes
- 3,787
This thread may be lots of things...but "good thread" are not words that I, and many others would use to describe it !
Would that be why one word was taken out of context, due to your disdain?
- Status
